The Japanese anti-caking market is projected to witness a CAGR of 5.51% during the forecast period, 2020 - 2025.
Key Highlights
- Robust consumer market persisting in Japan has been a primary reason boosting the additives market in the country, including the sale of anti-caking agents. The availability of raw materials and the new technological advancements are other factors resulting in the growth of the anti-caking agent market in the country.
- Manufacturers, in order to prevent the formation of lumps in powdered products, across the applications, like detergents, coffee, cement, feed, etc., are incorporating anti-caking agents, during formulations. This is leading to an increased demand for the market studied in the country.
Key Market Trends
Growing Market for Processed Food
Some of the common examples of foods that contain anti-caking agents include coffee, cocoa, soup powders, milk and cream powders, grated cheese, icing sugar, baking powder, cake mixes, drinking chocolate, table salt, and canned fruits and vegetables as a firming agent. There are opportunities for growth from the emerging markets of Asia-Pacific, mainly due to the increasing disposable incomes from the region and consumer demand for processed food and beverage. The Japanese food industry is a saturated market, and it is looking at opportunities in the East Asian nations, and for the purpose, investigates the food practices and regulations.
Calcium Compounds Held the Largest Market Share
Calcium compounds are extensively used in food and beverage in products, like baking powders, desserts, custard mix, etc. Calcium aluminum silicate, calcium phosphate tribasic, calcium silicate are some of the most commonly used calcium compounds. Calcium compounds function either by absorbing excess moisture or by coating particles and making them water repellent. Calcium silicate (CaSiO3), a common calcium compound anti-caking agent, which is added to table salt, absorbs both water and oil.
Competitive Landscape
The leading players in the anti-caking agents market include Evonik Industries AG, Merck KGaA, and Kao Corp. Companies are investing in new facilities to expand their production capacities, in order to meet the increasing demand for anti-caking agents. The major constraint being faced by the industry is the high cost for natural anti-caking agents, thus, the opportunities lie in for the manufacturers to innovate in technological advancements under the natural category.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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