Asia Pacific Food Anti Caking Agents Market

Asia Pacific Food Anti Caking Agents Market Growth and Forecast (2023 - 2028):

Asia Pacific Food Anti Caking Agents Market was worth $185.62 million in 2022 and estimated to be growing at a CAGR of 5.14%, to reach $238.48 million by 2028. Asia Pacific is the fastest growing and one of the emerging markets for Food Anti Caking Agents Market.

Market Overview:

Anti caking agents are a type of food additives that ensure the prevention of formation of lumps or cakes in the food products which make packaging and transport troublesome. By absorption of excessive moisture and covering of particles against water, these additives prevent the formation of cakes. Some the anti caking agents are soluble in water while some of them are soluble in organic solvents

Drivers and Restraints:

Rising disposable income levels, increasing demand for premium food products, bakery and confectionary foods, technological advancements and product innovations and increasing awareness among the food manufacturers regarding complications caused by caking are the factors which are accountable for the growth of market. Conversely, potential health hazards caused by artificial agents and stringent government regulations are the factors hindering the growth of market.

Asia Pacific Food Anti Caking Agents Market Segmentation Analysis:

Asia Pacific Food Anti Caking Agents Market is segmented by type into Calcium Compounds, Sodium Compounds, Magnesium Compounds, Microcrystalline Cellulose and Silicon Dioxide. Based on application the market is segregated into Spice, Seasoning and Condiments, Bakery, Flavor, Beverages, Dairy, Fruits and Vegetables and Chocolates. The market for seasonings and 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.

Geographical Analysis:

Geographically the Asia Pacific Food Anti Caking agents Market is segmented into India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia. China dominates the market for anti caking agents in this region due to its extensive use in convenience foods and bakery products. India is expected to grow the fastest die to the expanding dairy industry and growing use of milk powders and Cheese.

Key Players in the Market:

Major Key Players in the APAC Food Anti Caking agents Market are

• 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
• Sweetener Supply Corp