The German anti-caking market is projected to register a CAGR of 3.2% during the forecast period (2020 - 2025).
- The market is majorly driven by the demand for the anti-caking agents in various industries, such as food and beverage, cosmetics and personal care, pharmaceuticals, and other industries. The food and beverage industry dominates the market share among other industries in the application segment. In the food and beverage industry, it is used in bakery, dairy products, soups and sauces, seasoning and condiments, and beverage industries, owing to its functional properties, such as moisture absorption functionality. It also maintains the free-flow, texture, and organoleptic properties of the product, along with enhancing the shelf-life of the product. Thus, the high versatility of anti-caking agents is anticipated to further strengthen its demand during the forecast period.
- However, only specific amounts of anti-caking agents, which are classification as “Generally Recognized as Safe” (GRAS), designated by the US Food and Drug Administration, are permitted in food and beverage applications, therefore limiting its consumption in the application. Also, several health hazards and side-effects associated with anti-caking agents are anticipated to impact the growth of the market negatively.
Key Market Trends
Acquisitive Demand for Calcium Compound in Various Industries
Some of the calcium compounds are mostly used as an anti-caking agent recognized as GRAS, including calcium ferrocyanide, calcium phosphate (i.e., bone phosphate), calcium silicate, and calcium aluminosilicate. The most common food items which use these compounds in their manufacturing are table salt and fructose-sweetened powdered soft drinks. Also, calcium compounds are used as anti-caking agents, such as calcium stearate NF in tablet and capsule lubrication, due to its good anti-adherent and lubricant properties.
Rising Demand for Anti-caking as Animal Feed
As the livestock industry registered a low growth rate, there is an increasing need for animal feed. The rising need for a high-quality feed and an increase in the number of feed additives, especially in the compound feed industry, are the major growth drivers of the market. This is expected to drive the demand for feed additives, particularly feed anti-caking agents. Moreover, silicates are widely used as an anti-caking agent, as silicates can absorb both water and oil. Sodium and calcium products, such as sodium ferrocyanide and tricalcium phosphate, are witnessing high demand, as they reduce individual adhesion of feed.
The German anti-caking market is competitive and fragmented, owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies, along with new product development, as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the market include Evonik Industries AG, Kao Corporation, BASF SE, Denk Ingredients GmbH, and K+S Minerals and Agriculture GmbH.
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Table of Contents
1.2 Study Assumptions
1.3 Scope of the Study
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1.1 Calcium Compounds
5.1.2 Sodium Compounds
5.1.3 Magnesium Compounds
5.1.4 Other Types
5.2 By Application
5.2.1 Food and Beverage
18.104.22.168 Bakery Products
22.214.171.124 Dairy Products
126.96.36.199 Soups and Sauces
188.8.131.52 Beverages Mixes
5.2.2 Cosmetics and Personal Care
5.2.4 Other Applications
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Evonik Industries AG
6.3.2 Kao Corporation
6.3.3 BASF SE
6.3.4 Denk Ingredients GmbH
6.3.5 K+S Minerals and Agriculture GmbH
6.3.6 Par Drugs and Chemical Limited