Asia - Pacific Anti Caking Market-Growth, Trends and Forecast (2015-2020)
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 US $50 billion by 2020; growing at a CAGR of 5.4% from 2015 and 2020. In the food additives market, the market for anti-caking agents, in terms of value, is projected to reach $1.56 billion growing at a CAGR of 4.2% from 2015 to 2020. Anticaking Agent is the food additive that prevents formation of lumps in certain solids, permitting a free-flowing condition. The increasing disposable incomes is driving the growth for food and beverages industry and thereby driving the demand for anti-caking agents.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 and cream powders, Grated cheese, Icing sugar, Baking powder, Cake mixes, Drinking chocolate, Table salt and canned fruits and vegetables as a firming agent. North America was the largest anti-caking agents market in 2013, closely followed by Europe. There are opportunities for growth from the emerging markets of Asia-Pacific, Africa, and Latin America, mainly due to the increasing disposable incomes from these regions and consumer demand for processed foods and beverages. The 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 and 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. The leading players in the anti-caking agents market include Evonik Industries AG, Huber Engineered Material, and Kao Corp. Companies are investing in new facilities to expand their production capacities, in order to meet the increasing demand for anti-caking agents. The major constraint being faced by the industry is the high cost for natural anti caking agents and thus the opportunities lies in for the manufacturers to innovate in technological advancements under the natural category. Key Deliverables in the Study • Market analysis for the Asia Pacific Anti caking Market, with region specific assessments and competition analysis on global and regional scales. • Market definition along with the identification of key drivers and restraints • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale • Extensively researched competitive landscape section with profiles of major companies along with their market shares • Identification and analysis of the macro and micro factors that affect the Asia Pacific Anti caking Market on both global and regional scales • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.