Asia-Pacific Anti Caking Industry

Asia-Pacific Anti Caking Market Analysis

The Asia-Pacific Anti-Caking Market is expected to register a CAGR of 6.51% during the forecast period.

• Owing to the multi-functional attributes of anti-caking such as facilitating free-flow, texture, and organoleptic properties, the additive has been gaining popularity across, industry with food portraying most promising scope in the forecast period. Natural anti-caking agents such as calcium carbonate and magnesium carbonate have extremely high costs and hence synthetic agents face higher demand.
• By application, animal feed holds the largest share, owing to its heavy volume sales recorded when compared to any other applications.

Asia-Pacific Anti Caking Market Trends

Growing Demand in Bakery Industry

With the availability of customized bakery ingredients, including non-fat dairy alternatives, liquid whole egg alternatives, and dough ingredients, there has been a substantial demand for anti-caking agents to combat water retention attributes associated with them. The players are increasingly focusing on lucrative indulgent baking segment, where the use of anti-caking is increasing significantly, in order to supplement their segment sales. Companies, like BASF SE, have expanded their product portfolio of anti-caking ingredients, in the region.

China Held the Largest Market Share

The popularity of convenience food has boosted the demand for processed foods, making China the largest market for food anti-caking agent in the Asia-Pacific region. The rapid entry of foreign players is bound to change the landscape of the market in China. Multinational health food enterprises generally have greater advantages, in terms of financial clout, R&D capability, production, and marketing. However, the traditional Chinese culture of medicinal food and therapeutic cuisine has a strong influence on the citizens.

Asia-Pacific Anti Caking Industry Overview

Asia-Pacific anti caking market is highly fragmented with the presence of unorganized suppliers, in the market. BASF and Merck are some of the key players dominating the market. Mergers and acquisition are the other approaches implemented by players in the market, as a part of expanding their product portfolio and capturing more of the market. Owing to high production consolidation practiced by China, these companies are focusing to build strong foothold in the country to cut a substantial share in production volumes. Kao Corporation and Roquette Frères are other major players in the industry.

Asia-Pacific Anti Caking Market Leaders