Global Anti-Caking Agents Market: Overview
Increasing disposable income and expansion in food and beverages industry is leading to higher demand in the anti-caking agents market over 2023 to 2030 -the assessment period of the upcoming report on this market, prepared by Transparency Market Research. New opportunities are set to emerge as a result.
Global Anti-Caking Agents Market: Competitive Landscape
The global anti-caking agents market is witnessing a host of measures taken by players to grow further, shaping the vendor landscape. It is noteworthy here that the market is fragmented. Top-tier anti-caking agents market players are:
- Huber Engineered Material
- Kao Corp.
- Evonik Industries AG
- IMAC Inc.
- PPG Industries Inc.
- PQ corp.
- BASF SE
- Chepicol S.A.
- Sweetener Supply Corp.
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Global Anti-Caking Agents Market: Key Trends and Drivers
- Benefits of packaged food – longer shelf-life, more hygienic – are catching up on a large number of people. Millennial populace in general is opting for processed and processed foods due to convenience. Additionally, organoleptic properties of anti-caking agents are highly appreciated.
- Increasing disposable income and change in consumer preference are also notable factors of growth in the global anti-caking agents market over the forecast period. It is pertinent to note here that high demand for coffee and cereals is leading to this growth in the market.
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Global Anti-Caking Agents Market: Regional Analysis
Europe is anticipated to be a lucrative regional market over the forecast period, Asia Pacific region is growing and the CAGR is expected to be notable over the stated period. Preference for eating habits of the West and a large base of population are set to contribute to this growth.
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