North America Food Coating Ingredients Market has been estimated at USD 1.09 Billion in 2021 and is projected to reach USD 1.43 Billion by 2026, at a CAGR of 5.6% during the forecast period from 2021 to 2026.
Food Coatings are applied to various food products to enhance or change their texture, taste, or nutritional profile. According to the nature of the substrate as well as the food coating ingredient, the process of coating can differ. But, it primarily consists of mixing the two and allowing them to coalesce naturally. The food coating ingredients market is directly influenced by the growing processed food industry.
The market for Food coating ingredients in North America is mainly driven due to factors like highly increasing usage of antimicrobial food coating components, hectic and sedentary lifestyles leading to choosing products with food coatings which contains vitamins and nutrients to enhance the nutritional profile. But, the market growth can be declined due to varied food regulations along with stringent laws governing the food items.
North America 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 the North America Food Coating Ingredients Market is segmented into US, Canada, Mexico and Rest of North America. North America is the biggest market in terms of market share across the globe. The major companies in the global market belong to this region, which are highly competitive in expansion of business in different regions across the globe. Also, the ever-increasing demand for ready-to-eat products which contain food coating is driving the market in this region.
Key Players in the Market:
Major Key Players in the North America Food Coating Ingredients Market are
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