Asia Pacific Anti-caking Market Outlook 2031
The Asia Pacific anti-caking market size was valued at USD 185.6 Billion in 2022 and is projected to reach USD 291.40 Billion by 2031, expanding at a CAGR of 5.14% during the forecast period, 2023–2031. The growth of the market is attributed to the rapid growth of the food & beverage industry.
Anti-caking agent is a food ingredient that prevents lumps from forming in certain substances, allowing them to flow freely. Anti-caking compounds are included in grounded items for ease of consumption, packaging, and transporting.
Some anti-caking chemicals are water soluble, whereas others are soluble in alcohols or other organic solvents. Coffee, cocoa, soup powders, milk & cream powders, grated cheese, icing sugar, baking powder, cake mixes, drinking chocolate, table salt, and canned fruits & vegetables are all examples of foods that include anti-caking ingredients.
Asia Pacific Anti Caking Market Trends, Drivers, Restraints, and Opportunities
- Rising disposable income is estimated to drive the market growth.
- The availability of raw materials and new technical breakthroughs are some factors fueling the market growth.
- The awareness about anti-caking functional qualities such as free-flow, texture, and organoleptic properties is projected to boost the market.
- Natural anti-caking agents such as calcium carbonate & magnesium carbonate are expensive, which in turn, has increased demand for synthetic anti-caking compounds.
Scope of Asia Pacific Anti Caking Market Report
The report on the Asia Pacific anti caking market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Anti Caking Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Calcium Compounds, Sodium Compounds, Magnesium Compounds, and Others) and Applications (Food & Beverage, Cosmetic & Personal Care, Feed, and Others)
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Geographic Scope
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China, Japan, India, Australia, and Rest of Asia Pacific
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Merck KGaA.; BASF SE.; Kao Corporation.; and Roquette Freres
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Asia Pacific Anti-caking Market Segment Insights
Types Segment Analysis
Based on types, the market is divided into calcium compounds, sodium compounds, magnesium compounds, and others. The sodium compounds segment is expected to grow at a rapid pace during the forecast period, as it highly used in baked items to improve the flavor. Salt's roll is utilized to improve the flavor of baked items. Salt brings out delicate aromas such as chocolate & fruits in baked products and helps balance spices in sweet treats.
Applications Segment Analysis
On the basis of applications, the Asia Pacific anti-caking market is segregated into food & beverage, cosmetic & personal care, feed, and others. The food & beverage segment is projected to expand at a considerable CAGR during the period due to increase the demand for conventional meal and processed food products.
On the other hand, the cosmetics & personal care segment is anticipated to grow at a robust pace in the coming years. Anti-caking prevents clumping of these products, driving the growth of the market segment.
Geographic Analysis
In terms of geography, the market is classified China, Japan, India, Australia, and Rest of Asia Pacific. China is expected to constitute a key share of the market during the projected period due to increasing demand for convenience meals. The rapid admission of international competitors can undoubtedly alter the landscape in China anti-caking market.
Multinational health food companies often have more financial clout, R&D expertise, production, and marketing capabilities. The traditional Chinese culture of medical food and therapeutic cuisine, on the other hand, has a significant impact on the inhabitants.
India is estimated to account for a significant market share during the forecast period. Rising disposable income and increasing investment in the food & beverage industry are major factors fueling the market growth in the country. Moreover, the presence of multi-national companies and emergence of local companies are fostering the country’s market growth.
Segments
The Asia Pacific anti-caking market has been segmented on the basis of
Types
- Calcium Compounds
- Sodium Compounds
- Magnesium Compounds
- Others
Applications
- Food & Beverage
- Cosmetic & Personal Care
- Feed
- Others
Geography
- China
- Japan
- India
- Australia
- Rest of Asia Pacific
Key Players
Competitive Landscape
Key players competing in the Asia Pacific anti-caking market include Merck KGaA.; BASF SE.; Kao Corporation.; and Roquette Freres. Some of these players are adopting various strategies, such as partnerships, acquisitions, and product launches, to gain a larger share in the market.