Russia Anti Caking Market is projected to register a CAGR of 3.23% during the forecast period 2020 - 2025.
Key Highlights
- Anticaking Agent is the food additive that prevents the formation of lumps in certain solids, permitting a free-flowing condition. Growing demand from the bakery industry is expected to drive the market growth in the country.
- The consumption of food anti-caking agents is growing with the increasing number of applications in the food industry. The growth in the market is attributed to its moisture absorption functionality, which aids food products in maintaining their organoleptic properties and enhances the shelf-life in food manufacturing and processing.
Key Market Trends
Bakery Segment Holds a Prominent Share
Changing consumer lifestyles towards healthy living will be stimulating the growth of bakery ingredients used in products such as cakes, biscuits, bread, pastries, and morning goods, which is expected to drive the growth of bakery products in the European Market. The bakery products are still undergoing development and innovation in terms of the healthy ingredients to be included in the bakery products. There has been an increasing demand for specialty ingredients in bakery products in Russia.
Rising Consumption of Food Ingredients is Boosting the Anti-caking Market
The increasing number and diversity of food applications, changing consumer tastes, and growing level of consumer inclination toward enhanced food quality have led to an expansion of consumer base and innovation of varied food ingredients, including food coating ingredients, food & beverage premixes, and others including baking powder, milk & cream powder, cake mixes, and instant soup powder. The growth in the consumption of these food ingredients and products is projected to have a positive impact on the growth of food anti-caking agents, due to their properties such as free-flow, texture, other organoleptic properties, and long shelf-life. Moreover, increasing the consumption of various food ingredients is projected to contribute to the market growth of food anti-caking agents.
Competitive Landscape
The leading players in the anti-caking agents market include Corbion NV, Huber Engineered Material, 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 and 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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Table of Contents
Methodology
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