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Global Food Coating Ingredients Market Analysis Segmented By Type(Cocoa, Chocolate, Fats & Oil, Salt, Spices, Flour & Batter, Starch, Hydrocolloid, Sugar & Syrups), By Application(Bakery, Confectionery, Cereal, Dairy, Snacks, Fruits & Vegetables, Meat), and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 1238
Pages: 175
Formats: report pdf report excel report power bi report ppt

Food Coating Ingredients Market Size, Growth (2022-2027)

The Global Food Coating Ingredients Market Size was worth US$ 2.8 million in 2021, and it is estimated to reach a valuation of US$ 3.8 million by the end of 2027, expanding at an annual compound rate of 6.21% between 2022 and 2027.

Market Overview:

Food coating is an essential step in the food processing industry. Food coatings are applied to a wide variety of food products to improve their nutritional profile and texture. They vary depending on the nature of the substrate used and the ingredients of the food coating, and can also mix the two layers naturally. Food coatings instantly apply elements to nutritional processing and control improvement strategies. Among the coating ingredients used in the industry, sugar and syrup have a significant share in the ingredient market, and their coverage is cocoa and chocolate. As additional demand for antimicrobial coatings has increased, the food coating industry has encouraged the development of multiple food coating ingredients.

In addition to the food industry, encapsulation technology has been promoted as a suitable option to provide functional food in a convenient format. Food coating ingredients are available in liquid and solid form on the market, depending on the application and purpose. During the use of the food coating, a series of steps are performed, such as adhesion and stabilization.

Food Coating Ingredients Market

Recent Developments in Food Coating Ingredients Industry:

  • In November 2019, Tate & Lyle, a provider of food and beverage ingredients and solutions, announced the opening of a new and expanded Latin American headquarters in So Paulo, Brazil.
  • In November 2019, the Cargill-Royal DSM Avansya joint venture began commercial production of an EverSweet ™ calorie-free non-artificial stevia sweetener at its new fermentation facility in Nebraska, USA.
  • In 2019 the Agrana Group, a significant player in the food coating materials market, announced the construction of a second starch processing plant at a biorefining plant in Pischelsdorf, Austria.
  • In June 2018, Kerry invested in expanding the Wittstock breadcrumb manufacturing facility in Germany. This expansion will help the company to serve its customers in Europe better.
  • In March 2018, Tate & Lyle PLC worked with HORN (California), the leading distributor of specialty ingredients and raw materials in North America. Under this partnership, HORN distributes special Tate & Lyle ingredients, developed for the American nutritional industry.
  • In March 2017, Ingredion was Sun Flour Industry Co. Ltd. (Thailand) acquired the rice starch and rice flour business. The acquisition allowed the company to expand its portfolio of unique ingredients.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

6.21%

Segments Covered

By Type, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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, Dohler Group and Others.

Food Coating Ingredients Market Growth:

Increased demand for healthy foods, increased consumption of confectionery products, and increased demand for ready-to-eat foods are some of the factors driving growth in the global market for food coatings.

Drivers:

Changes in consumer preferences for healthy foods and increased consumption of fried and baked goods are strengthening the growth of the global market for food coating ingredients in developed countries. As fried food grows in popularity with consumers demanding health and convenience options, it remains a crucial driver of innovation in the food coating ingredient space. Despite recent concerns about low carbohydrates, obesity, and frying, a wide range of coated food products continues to penetrate the market. As a result, the demand for food coating ingredients is expected to increase. In addition to components designed to increase functionality and improve the quality of coated foods, manufacturers aim to provide a variety of new flavors, textures, appearances, and taste buds. This aspect has a dramatic impact on how consumers perceive your products.

Additionally, the dough and breadcrumbs are restructured with whole-grain ingredients, adapting in various ways to a flavor-driven market that takes today's health into account. Antimicrobial coatings encourage the food coating industry to introduce new coating ingredients to increase demand for products on the global market. The growth of the food processing industry will lead the market for food coating ingredients in the near future. As the need to keep food fresh and durable increases, it contributes to the growth of the food coatings market. The fast-food sector is gaining popularity worldwide, and the demand for nutritious ingredients for food coating is increasing. Meals prepared for all occasions, from breakfast drinks to lunchtime, to dinner, technology-based delivery for ready-made meals has grown exponentially in recent years.

Today's bad hours are changing how, where, and when poor consumers eat, which could increase demand for ready-to-eat and frozen food. It is supposed to play an essential role in the sale of ingredients for food coating. With the rapid spread of the Internet and social media, consumers have been able to actively study nutrition and make food decisions based on more information, so manufacturers must lead the curve in differentiating their products and directly matching new preferences. In an era of non-omission, alternatives, consumers gradually drift away from the diet, eliminating multiple food groups and leaning toward a more balanced diet. As food safety concerns continue to increase and consumer curiosity about food and its sources grows, manufacturers focus on eliminating allergens and providing new ingredients that are cleaner and more label-friendly. Furthermore, as the pace of vegan culture development accelerates and consumers tend to find their way to health, market stakeholders who invest in expanding their product portfolios are assumed to receive long-term rewards.

Restraints:

Rising material prices and subsequent fluctuations have become a significant constraint for food coatings. The higher cost of materials leads to higher production costs, resulting in lower margins and more time to break even for food manufacturers, making it even more difficult for manufacturers to adopt new coating technologies.

Food Coating Ingredients Market Segmentation Analysis:

 By Type:

  • Cocoa
  • Chocolate
  • Fats & Oil
  • Salt, Spices
  • Flour & Batter
  • Starch
  • Hydrocolloid
  • Sugar & Syrups

By Application:

  • Bakery
  • Confectionery
  • Cereal
  • Dairy
  • Snacks
  • Fruits & Vegetables
  • Meat

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

North America and Europe are the central regions of the food coating ingredients market due to the increased consumption of dairy and confectionery products. The Asia Pacific region shows significant growth as demand for the dairy and confectionery sector increases. Considerable growth in the agricultural sector in developing countries, such as China and India, contributes to the growth of the market for ingredients for food coating. The governments of many countries have declared multiple food parks to boost demand for products on the world market. Rapid urbanization, better living standards and high investment in emerging economies have opened new growth opportunities in Latin America. Arab countries in the Middle East are investing heavily in food processing technology to strengthen the market for food coating ingredients in the coming years. Innovations in the food coating ingredient industry, increased use of antimicrobial ingredients for food coatings, and increased support for the use of antibacterial food coatings in the region are foreseen to strengthen the market for food coating ingredients.

Key Players in the Market:

Major Key Players in the Global 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
  • Dohler Group

 

 

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FAQ's

What is the Food Coating ingredients Market estimated size?

The global market for Food Coating ingredients is anticipated to be worth US$2.8 million in 2021.

What is the segmentation in the Food Coating ingredients Market?

By Type, By Application, By Region

What are the three major participants in the Food Coating ingredients Market?

Kerry Group PLC, GEA Group AG, Bowman Inc.

What is the growth rate of the Food Coating ingredients Market?

The Food Coating ingredients Market is growing at a CAGR of 6.21%.

What is the forecasted size of the Food Coating ingredients Market in the future?

The Food Coating ingredients Market is expected to expand to US$3.8 million by 2027.

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