Food Anti-Caking Agents Market by Type (Calcium Compounds, Sodium Compounds, Silicon Dioxide, and Microcrystalline Cellulose), Application (Seasonings and Condiments, Bakery, Dairy, and Soups and Sauces), Source & Region - Global Forecast to 2025

Northbrook, IL 60062 -- (SBWire) -- 01/17/2024 --The report titled "Food Anti-Caking Agents Market by Type (Calcium Compounds, Sodium Compounds, Silicon Dioxide, and Microcrystalline Cellulose), Application (Seasonings and Condiments, Bakery, Dairy, and Soups and Sauces), Source & Region - Global Forecast to 2025" reveals that the market size for food anti-caking agents was estimated to be USD 822 million in 2020. It is projected to reach USD 1.074 billion by 2025, with a CAGR of 5.5% during the forecast period.

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Key Drivers of Growth:

One of the primary factors driving the food anti-caking agents industry is the increasing gap between cocoa butter demand and supply. Additionally, the growth in consumption of confectionery and processed foods, coupled with a rise in the demand for clean label food products, has contributed to the market's expansion.

Impact of COVID-19 on Supply and Demand:

The report highlights the shifting dynamics of supply and demand for food anti-caking agents globally in response to the COVID-19 crisis. The pandemic led to uncertainties related to prices, affecting the market. Palm oil, a major globally produced oil type, faced disruptions in production and trade due to lockdowns and demand drops. Efforts were made to stabilize the market, and exemptions were granted in various countries to allow the sector to continue operations with minimal capacity.

Calcium Compounds Segment Dominates:

The market is dominated by the calcium compounds segment, projected to maintain the highest market share during the forecast period. Calcium compounds find applications in various products such as salt, baking powder, and confectioner's sugar, contributing to their strong market presence.

Seasoning and Condiments Segment Witnessing High Growth:

The report identifies the seasoning and condiments segment as the fastest-growing application for food anti-caking agents. These agents play a crucial role in seasoning and condiments, reflecting the increasing demand in this category.

North America Leading Market Share:

North America is estimated to be the largest market for food anti-caking agents. The region's dominance is attributed to high consumption levels and a continuous rise in demand for a diverse range of food ingredients and premixes in various food products and applications.

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Key Players in the Market:

Major vendors in the global food anti-caking agents market include Evonik Industries AG (US), PPG Industries, Inc. (US), Brenntag AG (Germany), Univar Solutions Inc. (US), and Solvay SA (Belgium).

The comprehensive report provides valuable insights into market trends, growth drivers, and regional dynamics, offering a detailed analysis for stakeholders in the food anti-caking agents industry.

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