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Food Anti-Caking Agents Market 2024 - By Industry Share, Growth Analysis, Technological Innovations, Opportunities, New Business Strategies And Forecast To 2033
Food Anti-Caking Agents Market
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According to The Business Research Company's, The food anti-caking agents market size has grown strongly in recent years. It will grow from $0.82 billion in 2023 to $0.87 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased consumer demand for convenience and processed foods, growth in the food and beverage industry globally, need for food shelf-life extension and preservation, expansion of snack and ready-to-eat food products, regulatory approval and safe usage of anti-caking agents, demand for anti-caking agents in bakery, dairy, and seasoning industries.
The food anti-caking agents market size is expected to see strong growth in the next few years. It will grow to $1.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to adoption of clean label and natural anti-caking solutions, emphasis on sustainable and eco-friendly food additives, research and development in novel anti-caking technologies, need for enhanced flowability in powdered food applications, expansion of anti-caking agent applications in meat and poultry processing, growing demand for anti-caking agents in die*tary supp*lements. Major trends in the forecast period include innovations in nanotechnology, dual functionality with other additives, microencapsulation techniques, antimicrobial anti-caking agents, sustainable sourcing and production.
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Market Drivers and Trends:
The increasing consumption of processed food is expected to propel the growth of the food anti-caking agents market. Demand for packaged and ready-to-eat food is growing due to busy lifestyles, changing eating habits of the population worldwide, and the spread of COVID-19 pandemic. Food anti-caking agents are increasingly being used in packaged and convenience food products to prevent the lumps in food. For instance, in October 2021, according to the research of NYU School of Global Public Health, consumption of ultra-processed foods has increased over the past two decades across nearly all segments of the US population. Therefore, the increasing consumption of processed food drives the growth of the food anti-caking agents market.
Natural or organic anti-caking agents are a key trend gaining popularity in the food anti-caking agents market. Major companies operating in the food anti-caking agent market are focusing on natural or organic anti-caking agents to strengthen their position. For instance, RIBUS, Inc., a US-based manufacturer of high-quality specialty ingredients for food, beverage, and die*tary supp*lement manufacture and provide The Synthetics Replacer, Nu-FLOW made of natural rice hulls that are sterilized and grounded to fine powdered form. It can be used as an anti-caking or flow aid or diluent.
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Major Key Players of the Market:
Agropur Dairy Cooperative, BASF SE, Evonik Industries AG, Cargill Incorporated, PPG Industries Inc., PQ Corporation, Solvay SA, Sweetener Supply Corporation, Cabot Corporation, Tate & Lyle plc, ABITEC Corporation, Ingredion Incorporated, DuPont Nutrition & Biosciences, Roquette Frères SA, Royal Cosun, Hefei TNJ Chemical Industry Co. Ltd., Brenntag AG, Univar Solutions Inc., Kao Corporation, Apple Inc., Orisil Pvt Ltd., Tixolex, National Association of Corporate Directors, Thomas Industrial Network, Precipitated Solutions, Spectrum Chemical Mfg Corp., Jost Chemical Co., Lorama Group Inc., Allied Blending & Ingredients Inc., NB Entrepreneurs India Pvt Ltd.
Food Anti-Caking Agents Market 2024 Key Insights:
• The food anti-caking agents market size is expected to see strong growth in the next few years. It will grow to $1.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
• Rising Consumption Of Processed Foods Fuels Growth In The Food Anti-Caking Agents Market
• Growing Trend Towards Natural And Organic Anti-Caking Agents In The Food Industry
• North America was the largest region in the food anti-caking agents market in 2023
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