Global Food Coating Ingredients Market Report 2022-2027
IMARC Group has recently released a new research study “Food Coating Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Food Coating Ingredients?
The global food coating ingredients market size reached US$ 3.55 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.89 Billion by 2027, exhibiting a growth rate (CAGR) of 5.33% during 2022-2027.
What Is A Food Coating Ingredients?
Food coating ingredients are a set of additives and substances applied to the surface of food products to enhance their texture, flavor, and aroma. Some commonly used food coating ingredients include flour, chocolates, oils, fats, seasonings, syrup, flavor enhancers, sugar, and batter. They are widely available in solid and liquid forms. They help maintain nutritional value and integrity of foods, improve food quality, change surface gloss, and prevent moisture and lipid migration. Since they comprise nanoparticles and antioxidants, food coating ingredients find extensive applications in nutritional bars, seafood, and confectioneries across the globe.
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What Are The Key Factors Driving In The Food Coating Ingredients Market?
The global food coating ingredients market is primarily driven by rising demand for healthy, ready-to-eat (RTE), and ready-to-drink (RTD) products due to rapid expansion in the food and beverage (F&B) sector. Moreover, numerous technological advancements, including the use of electrostatic coatings to improve the flavor, appearance, and shelf-life of food products by eliminating chemical reactions, are positively influencing the market growth.
Additionally, the surging adoption of food coating ingredients to enhance the organoleptic properties of fried, processed, bakery, and consumer goods has catalyzed market growth. Furthermore, the rising use of antimicrobial coatings on packaged items to prevent spoilage and eliminate the growth of pathogens is contributing to market growth. Other factors, including ongoing investments in research and development (R&D) activities, increasing collaborations among key players to develop flavored-infused food coating ingredients, and surging health concerns, are also anticipated to drive the market further.
Who Are The Key Players/Companies In The Global Food Coating Ingredients Market?
AGRANA Beteiligungs-AG, Associated British Foods plc, Bowman Ingredients, Bühler Holding AG, Cargill Incorporated, Döhler, GEA Group Aktiengesellschaft, Ingredion Incorporated, Kerry Group plc, Marel, Newly Weds Foods Inc., Roquette Frères and Tate & Lyle PLC.
Key Market Segmentation
Breakup by Type:
- Sugars and Syrups
- Cocoa and Chocolates
- Fats and Oils
- Spices and Seasonings
- Flours
- Batter and Crumbs
- Others
Breakup by Form:
- Dry
- Liquid
Breakup by Application:
- Bakery
- Confectionery
- Breakfast Cereals
- Snacks and Nutritional Bars
- Dairy Products
- Meat and Poultry Products
- Fruits and Vegetables
- Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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