Asia-Pacific Anti-Caking Market - Trends, Growth, and Forecast (2018 - 2023)
Food additives, which are used to enhance the taste, color, texture of food, same time maintaining the freshness and nutritional content, are expected to cross USD 52 billion by 2023; registering a CAGR of 5.6%, during the forecast period of 2018 – 2023. The Asia-Pacific market for anti-caking agents, in terms of value, is projected to reach USD 1.8 billion registering a CAGR of 4.4%, during the forecast period of 2018 – 2023. Anti-caking agent is the food additive that prevents formation of lumps in certain solids, permitting a free-flowing condition. The increasing disposable income is driving the growth for food & beverages industry, and thereby, driving the demand for anti-caking agents in Asia-Pacific. The availability of raw materials and the new technological advancements are resulting in the growth of anti-caking agents market in the Asia-Pacific region.
Some of the common examples of foods that contain anti-caking agents include: coffee, cocoa, soup powders, Milk & cream powders, Grated cheese, Icing sugar, Baking powder, Cake mixes, Drinking chocolate, Table salt, and canned fruits & vegetables, as a firming agent. There are opportunities for growth from the emerging markets of Asia-Pacific, led by China, Japan, and India, mainly due to the increasing disposable incomes from these regions and consumer demand for processed foods & beverages.
The Asia-Pacific anti-caking agents market is segmented based on type, which include calcium compounds, sodium compounds, Silicon dioxide, where silicon dioxide is the most widely used ingredient. Anti-caking agents find applications in Salt, bakery & Confectionary, Dairy & frozen products, and beverages. Bakery & Confectionary is takes up a maximum share in the market. The Dairy industry followed by Oils & Fats take up a considerable share of the market in India. The growing dairy industry and increasing use of milk powders & Cheese is expected to drive the market for anti-caking agents in India.
October 2016 - Salt's roll was added to baked goods for flavor enhancement. In baked goods, salt brings out the subtle flavors, like chocolate and fruits, and helps balance spices in sweet goods.
The major players include - CARGILL INC, KERRY GROUP, CORBION PURAC, BASF, IMAC INC, A ZHENGZHOU NATURAL CHEMICAL CO., LTD., PQ CORPORATION, PPG INDUSTRIES, ABITEC ASSOCIATION, DANISCO, KAO CORP., HUBER ENGINEERED MATERIALS, CP KELCO, amongst others.
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