Innovative Trends and Calcium Dominance Propel Global Food Anti-Caking Agents Market to $1.07 Billion by 2025
Ngày đăng: 22-11-2023 |
Ngày cập nhật: 22-11-2023
The global food anti-caking agents market is set to witness substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 5.5% from 2020 to 2025. This surge is expected to elevate the market value from $822 million in 2020 to an impressive $1,074 million by the close of 2025.
Calcium Compounds Steer Market Dominance
The market dynamics reveal that calcium compounds will play a pivotal role, emerging as the dominant segment by type during the forecast period. With versatile applications ranging from salt and garlic salt to baking powder and various cheese preparations, calcium compounds are poised to drive substantial growth, especially in developed countries.
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Seasoning and Condiments Spearhead Growth
The application landscape showcases the seasoning and condiments segment as the frontrunner in the growth trajectory of the food anti-caking agents market. The diverse functionalities of anti-caking agents in the food and beverage industry, particularly in seasoning & condiments, bakery, dairy products, soups, and sauces, contribute to the segment's rapid expansion.
North America Takes the Lead
North America is anticipated to emerge as the largest market, holding a significant market share globally. This growth is attributed to the region's high consumption patterns and the persistent demand for a diverse range of food ingredients, including those with hygroscopic properties, and premixes across various food applications.
Key Players Steering the Market
The global food anti-caking agents market is led by key industry players, including Evonik Industries AG (US), PPG Industries, Inc. (US), Brenntag AG (Germany), Univar Solutions Inc. (US), and Solvay SA (Belgium). These major vendors are at the forefront of innovation, driving advancements in the industry to meet the escalating demand for food anti-caking agents.
In conclusion, the global food anti-caking agents market is on a trajectory of remarkable growth, propelled by innovative trends, the dominance of calcium compounds, and a surging demand for anti-caking agents in diverse food applications.
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