The Asia Pacific Food Coating Ingredients Market has been estimated at USD 0.73 Billion in 2022 and is projected to reach USD 1.05 Billion by 2028, at a CAGR of 7.5% during the forecast period from 2023 to 2028.
Coating is a major stage in food processing controlling a product’s development, arrangement, texture and taste structures. The process of coating can differ according to the nature of the substrate as well as the food coating ingredient, but primarily consists of mixing the two and allowing them to coalesce naturally. They play an important role in the processed food industry.
Drivers and Restraints:
The market for Food Coating Ingredients in Asia Pacific region is mainly driven due to increasing use of coating to the food commodities which are to be imported and exported, due to increasing globalization. Also, rising demand from the processed food market is the primary driver of food coating ingredients market. But, the market growth can be hindered due to varied food regulations and stringent laws governing the food items, across the region.
Asia Pacific Food Coating Ingredients Market Segmentation Analysis:
Asia Pacific market for Food Coating Ingredients is segmented based on type and application. By type, the market is further sub-segmented into Cocoa, Chocolate, Fats & Oil, Salt, Spices, Flour & Batter, Starch, Hydrocolloid, Sugar & Syrups. By application, the market is further sub-segmented into Bakery, Confectionery, Cereal, Dairy, Snacks, Fruits & Vegetables, and Meat. Sugar & syrups is projected to experience the highest growth, and cocoa & chocolate is contributing to second largest share. The growth can be attributed to rising demand for bakery and confectionery products.
Geographically, Asia-Pacific market for Food Coating Ingredients is segmented into China, India, Japan, South Korea and Australia. Asia Pacific region is estimated to achieve highest gains in the near future, as the market here is progressing with high CAGR. Robust demand for bakery and chocolate products along with significant agriculture growth in India and China is anticipated to have a progressive impact on Food Coating Ingredients industry in the coming years.
Key Players in the Market:
Major key players in the Asia Pacific Food Coating Ingredients Market are
Cargill, Incorporated , Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Kerry Group plc, Ashland Inc., Tate & Lyle PLC, AGRANA Group, PGP International, Inc., DohlerGroup, and SensoryEffects Ingredient Solutions are the major players of Asia-Pacific Food Coating Ingredients market.
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