Market Trends of Asia-Pacific Anti-Caking Industry
This section covers the major market trends shaping the APAC Anti-Caking Market according to our research experts:
Growing Demand in Bakery Industry
With the availability of customized bakery ingredients, including non-fat dairy alternatives, liquid whole egg alternatives, and dough ingredients, there has been a substantial demand for anti-caking agents to combat water retention attributes associated with them. The players are increasingly focusing on lucrative indulgent baking segment, where the use of anti-caking is increasing significantly, in order to supplement their segment sales. Companies, like BASF SE, have expanded their product portfolio of anti-caking ingredients, in the region.
China Held the Largest Market Share
The popularity of convenience food has boosted the demand for processed foods, making China the largest market for food anti-caking agent in the Asia-Pacific region. The rapid entry of foreign players is bound to change the landscape of the market in China. Multinational health food enterprises generally have greater advantages, in terms of financial clout, R&D capability, production, and marketing. However, the traditional Chinese culture of medicinal food and therapeutic cuisine has a strong influence on the citizens.
