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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Anti-Caking Agents Market Outlook
The global anti-caking agents market is expected to grow at a CAGR of 4.5% in the forecast period of 2024-2032 to reach a value of USD 1,237.14 million by 2032.
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Rising Food Industry to Aid the Global Market for Anti-Caking Agents
The market for anti-caking agents is being driven by the high potential of the product across the globe. Europe is one of the dominating markets for anti-caking agents, along with North America. The market in North America is led by the growth in the food industry, which is accelerating the market growth of anti-caking agents. The Asia Pacific is one of the fastest-growing regions across the globe for anti-caking agents. This can be attributed to the many factors, such as changing lifestyles, growing population, increasing inclination towards junk food consumption, westernised eating habits, and rising awareness regarding packaged food benefits. The market is further being propelled by the rising technological advancements within the food and dairy industry, which ultimately influences the market growth of anti-caking agents.
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Anti-Caking Agents: Market Segmentation
Anti-caking agents are used in the food industry as an additive in meat products, seasoning and condiments, soups and sauces, bakery, dairy products, and sweeteners. It is used in the powder form or granules to inhibit the formation of lumps in food products and for easy packaging, consumption, and transport. They do not add any nutritional value. Some of the anti-caking agents include sodium ferrocyanide, sodium bicarbonate, and silicon dioxide.
On the basis of source, the market is bifurcated into:
- Natural
- Synthetic
Based on type, the industry can be segmented into:
- Calcium Compounds
- Sodium Compounds
- Magnesium Compounds
- Microcrystalline Cellulose
- Others
On the basis of application, the industry is categorised into:
- Food and Beverage
- Feed
- Fertilizer
- Cosmetic and Personal Care
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Consumer Awareness to Aid the Global Market Growth of Anti-Caking Agents
The market for anti-caking agents is being driven by the rising food and beverage industry, which is positively impacted by the growing consumer awareness regarding packaged food, inflating disposable incomes, rising population, and changing consumer preference towards the consumption of convenience food. These factors are expected to aid the market growth in the forecast period as well.
However, the market is negatively affected by the various regulations implemented by the European Food Safety Authority on the use of anti-caking agents and may restrain the market growth of anti-caking agents.
Key Industry Players in the Global Anti-Caking Agents Market
The report gives a detailed analysis of the following key players in the global anti-caking agents market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- PPG Industries, Inc.
- Solvay S.A.
- Evonik Industries AG
- Kao Corporation
- Norkem Limited
- PQ Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global anti-caking agents market is projected to grow at a CAGR of 4.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1,237.14 million by 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, rising food industry changing lifestyles, growing consumption of junk food, adoption of westernised eating habits, and increasing demand for packaged food, are expected to aid the market growth.
The key trend guiding the growth of the market includes the growing technological advancements in the food and dairy industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sources of anti-caking agents in the market are natural and synthetic.
The major types of anti-caking agents in the market are calcium compounds, sodium compounds, magnesium compounds, and microcrystalline cellulose, among others.
The significant application segments in the industry are food and beverage, feed, fertilizer, and cosmetic and personal care, among others.
The major players in the industry are PPG Industries, Inc., Solvay S.A., Evonik Industries AG, Kao Corporation, Norkem Limited, and PQ Corporation, among others.
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