(Food-Beverage-News.Com, September 29, 2017 ) According to the report Asia Pacific Anti Caking Agents Industry, published by Market Data Forecast, The Industry was worth $170.3 million in 2016 and estimated to be growing at a CAGR of 5.14%, to reach $218.8 million by 2021.
Increasing demand for accessibility of foods with characteristics such as improved quality and shelf life in developing economies of Asia has led to large use of food Anti Caking agents.
Anti Caking agents are treated or granular materials, used as additives to inhibit lumps in sources. For affluence of consumption, packing and moving, Anti Caking agents are mixed in grounded products. Certain anticaking agents can solubilize in water, others are soluble in alcohols or different organic solvents.
The rising disposable incomes is driving the progress for food and beverages industry and thus driving the demand for Anti Caking agents. The accessibility of raw materials and the new technological innovations are causing in the growth of Anti Caking agents Industry in the Asia Pacific region. Moreover, increasing awareness about packaged food products would enhance the Industry growth. On the other hand, factor like potential health hazard is likely to hinder to Industry growth.
Asia Pacific Anti Caking Agents Industry is segmented by type into Calcium Compounds, Sodium Compounds, Magnesium Compounds, Microcrystalline Cellulose and Silicon Dioxide. Based on application the Industry is segregated into Spice, Seasoning & Condiments, Bakery, Flavor, Beverages, Dairy, Fruits & Vegetables and Chocolates. The Industry for seasonings & condiments is expected to grow at a substantial rate mainly due to the change in consumer's tastes, improvements in food products, and aspiration to attain specific organoleptic properties in food products.
Geographically the Industry is segmented into China, Japan, India, South Korea and Australia. China dominates the Industry for Anti Caking agents in this region. The expanding dairy industry and growing use of milk powders & Cheese is likely to drive the Industry for Anti Caking agents in India.
Key Points from Table of Contents Overview • Executive Summary • Key Inferences • New Developments Drivers, Restraints, Opportunities, and Challenges Analysis (DROC) Asia Pacific Anti Caking Agents Industry: Segmentation • By Type o Calcium Compounds o Sodium Compounds o Magnesium Compounds o Microcrystalline Cellulose o Silicon Dioxide • By Application o Spice o Seasoning & Condiments o Bakery o Flavor o Beverages o Dairy o Fruits & Vegetables o Chocolates Geographical Analysis • China • India • Japan • South Korea • Australia Strategic Analysis • PESTLE analysis • Porter’s Five analysis Industry Leaders' Analysis Competitive Landscape
Key companies operating in Anti Caking agents Industry includes, Sasol Wax, Fuji Chemicals Industries, Chemipol S.A., Huber Engineered Materials, Agropur Ingredients, PPG Industries Inc., Grain Corporation, IMAC Inc, Evonik Industries AG, BASF, Norkem Group, Kao Chemicals, PQ Corporation, Bogdány Petrol Ltd. and Sweetener Supply Corp.
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