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Food Anti-Caking Agents Market Set for Robust Growth, Predicted to Reach $1.13 Billion by 2028
Food Anti-Caking Agents Global Market Report
The food anti-caking agents market has exhibited robust growth, surging from $0.82 billion in 2023 to $0.87 billion in 2024, with a notable Compound Annual Growth Rate (CAGR) of 6.1%. The market is poised for substantial expansion, projected to reach $1.13 billion by 2028, maintaining a steady CAGR of 6.5%.
Key Growth Drivers:
Surge in Processed Food Consumption:
The escalating consumption of processed foods emerges as a pivotal factor propelling the growth of the food anti-caking agents market. As lifestyles become busier and global eating habits evolve, coupled with the impact of the COVID-19 pandemic, the demand for packaged and ready-to-eat foods is on the rise. Food anti-caking agents play a crucial role in preventing lumps in packaged and convenience food products, contributing to market growth.
Rising Demand for Frozen and Convenience Foods:
The growing preference for frozen and convenience foods is anticipated to drive the expansion of the food anti-caking agents market. These foods, designed for easy consumption, require an extended shelf life to remain viable. Anti-caking agents play a vital role in preventing the formation of lumps or clumps in these products, enhancing shelf life and maintaining product quality. The considerable sales growth in the US frozen food market, reaching over $72 billion, underscores the significant impact on the market.
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Major Players:
Key players in the food anti-caking agents market include Agropur Dairy Cooperative, BASF SE, Cargill Incorporated, Solvay SA, Tate & Lyle PLC, DuPont Nutrition & Biosciences, Roquette Frères SA, and various others.
Trends Shaping the Market:
Natural and Organic Anti-Caking Agents Trend:
A notable trend in the food anti-caking agents market is the increasing popularity of natural or organic anti-caking agents. Major companies are focusing on these alternatives to strengthen their market position. For instance, RIBUS, Inc., a US-based manufacturer, provides Nu-FLOW, a natural rice hull-based anti-caking agent, catering to the growing demand for natural ingredients.
Product Innovation:
Innovation in the anti-caking agents market is evident through products like non-nano solutions. Companies are introducing alternatives like Omyafood 120, a non-nano anti-caking solution created by Switzerland-based Omya. This solution provides a nano-free alternative to traditional flow aids, contributing to the expansion of product portfolios.
Regional Insights:
North America led the food anti-caking agents market in 2023, with comprehensive regional coverage, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Market Segmentation:
The food anti-caking agents market covered in this report is segmented -
1) By Type: Calcium Compounds, Sodium Compounds, Magnesium Compounds, Microcrystalline Cellulose, Other Types
2) By Source: Synthetic, Natural
3) By Application: Seasoning And Condiments, Bakery, Dairy Products, Soups And Sauces, Other Applications
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Food Anti-Caking Agents Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Food Anti-Caking Agents Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on food anti-caking agents market size, food anti-caking agents market drivers and trends, food anti-caking agents market major players, competitors' revenues, market positioning, and food anti-caking agents market growth across geographies. The food anti-caking agents market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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