Market Trends of Anti-caking Industry
This section covers the major market trends shaping the Anti-Caking market according to our research experts:
Rising Consumption of Food Ingredients is Boosting the Anti-caking Market
The increasing number and diversity of food applications, changing consumer tastes, and growing level of consumer inclination toward enhanced food quality led to an expansion of the consumer base and innovation of varied food ingredients, including food coating ingredients, food and beverage premixes, and other food ingredients, including baking powder, milk and cream powder, cake mixes, and instant soup powder. The growth in the consumption of these food ingredients and products is projected to have a positive impact on the growth of food anti-caking agents, due to their free-flow, texture, long shelf-life, and other organoleptic properties. Moreover, the increasing consumption of various food ingredients is projected to boost the demand for food anti-caking agents.
Asia-Pacific is the Fastest Growing Region
Asia-Pacific is expected to witness a significant increase in the demand for anti-caking agents over the forecast period, owing to the rising population and increasing industrial output in China, India, and Japan. North America and Europe are high mature markets with demand expected to be driven by the application of anti-caking agents in processed foods. Several regulations implemented by the European Food Safety Authority, to restrict the development of anti-caking agents, are expected to challenge the growth of the European market. Growing demand for processed food in Brazil and Argentina, coupled with high demand for dairy products, is expected to complement the growth of the South American market over the forecast period.
