Market Leaders - Food Anti-Caking Agents Market
The global Food anti-caking agents market size is estimated to be USD 822 million in 2020 and is projected to reach USD 1,074 million by 2025, at a CAGR of 5.5% during the forecast period. The food anti-caking agents market is driven by its usage in a wide range of applications, need for varied functionalities in diverse range of food products, concern toward food safety and hygiene in manufacturing practices, and demand for food products with better quality and enhanced shelf life.
The food anti-caking agents market is dominated by few globally established players such as Evonik Industries AG (US), PPG Industries, Inc. (US), Brenntag AG (Germany), Univar Solutions Inc. (US) and Cabot Corporation. (US). These players have adopted growth strategies such as expansions and aquisitions to increase their presence in the global market.
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PPG Industries, Inc., is a multinational conglomerate that serves the market with high-quality coating materials. The company has more than 150 manufacturing locations worldwide and facilities that are strategically located in all the global regions. The company’s products have applications in industries such as Aerospace Architectural coatings, Automotive refinish, Automotive OEM Coatings Industrial coatings, Packaging coatings, Protective and marine coatings, and Specialty coating materials. PPG Industrial Inc. offers anticaking agent solutions under its industrial coatings segment. PPG Industries Inc. is a globally recognized supplier of silica and is developing strongly in the global market.
Evonik Industries AG is a globally leading specialty chemicals company. It is renowned as the second-largest chemicals company in Germany. The company’s products cater to an exhaustive list of end-use industries, with numerous applications. Evonik has a strong presence in over 28 countries globally. The company has a high research focus and carries out co-operations with various parallel universities and institutes for the development of a unique product portfolio. It offers anticaking agents under its nutrition and care segment. Evonik’s range of offerings steadily grows through the constant development of new products and formulation technologies in the fields of flavor and taste, nutraceutical solutions, processing and technology, and food packaging.
Brenntag AG is the global market leader in chemical and ingredients distribution. It is a German-based company that manages complex supply chains for both chemical manufacturers and consumers by simplifying market access to thousands of products and services. Brenntag operates a global network with more than 640 locations in 77 countries. The company supports its customers and suppliers with tailor-made distribution solutions for industrial and specialty chemicals and offers a full-line portfolio with more than 10,000 products and a world-class supplier base. The industry has key end-use sectors, such as food and nutrition, pharmaceuticals, cosmetics, cleaning agents, and water treatment. The company offers its anticaking agent compounds under the food and nutrition segment.
Related Reports:
Food Anti-Caking Agents Market by Type (Calcium Compounds, Sodium Compounds, Silicon Dioxide, and Microcrystalline Cellulose), Application (Seasonings and Condiments, Bakery, Dairy, and Soups and Sauces), Source & Region - Global Forecast to 2025
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