Asia Pacific Food Anti Caking Agents Market was worth $185.62 million in 2018 and estimated to be growing at a CAGR of 5.14%, to reach $238.48 million by 2023. Asia Pacific is the fastest growing and one of the emerging markets for Food Anti Caking Agents Market.
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
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 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.
Geographically the market is segmented into China, Japan, India, South Korea and Australia. 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 companies operating in Asia Pacific Food Anti Caking agents market 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.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Calcium Compounds
5.1.2 Sodium Compounds
5.1.3 Magnesium Compounds
5.1.4 Microcrystalline Cellulose
5.1.5 Silicon Dioxide
5.2 By Application
5.2.1 Spice
5.2.2 Seasoning & Condiments
5.2.3 Bakery
5.2.4 Flavor
5.2.5 Beverages
5.2.6 Dairy
5.2.7 Fruits & Vegetables
5.2.8 Chocolates
6. Geographical Analysis
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Sasol Wax
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Fuji Chemicals Industries
8.3 Chemipol S.A.
8.4 Huber Engineered Materials
8.5 Agropur Ingredients
8.6 PPG Industries Inc.
8.7 Grain Corporation
8.8 IMAC Inc
8.9 Evonik Industries AG
8.10 BASF
8.11 Norkem Group
8.12 Kao Chemicals
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
