The global food coating ingredients market size was valued at USD 5.5 billion in 2030. The product is majorly used to provide dietary supplements to improve the organoleptic properties of ready to eat products, processed, fried and bakery & confectioneries. North America and Europe have been driving the global industry growth over the past years on account of rising demand for processed items. Food coating is a part of food processing activity and is used to improve the product’s structure, taste, and texture. The process involves keeping the product moving while applying the coating ingredient in a specific pattern. These coatings not only help protect the underlying product but enhance the overall appeal and quality of the product.
The accelerating food processing industry is expected to bolster the growth of the product market. Moreover, the drift in the consumption patterns of the consumers and many of them opting for processed food, ready to eat and frozen foods is anticipated to drive the global food coatings market.
The global fast food market is anticipated to grow at a faster pace in the developing economies such as Asia & Africa. Increasing per capita income, fast-paced life coupled with the rising popularity of junk food amongst youngsters is anticipated to boost the market further.
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Report Highlights
• The global food coating ingredients demand was 4,983.5 kilo tons in 2016 and is expected to grow at a CAGR of 5.6% over the period.
• Sugars & Syrups emerged as the largest product segment and is projected to grow at a significant CAGR.
• Global food coating ingredients demand in confectioneries was valued at USD 0.74 billion and is estimated to witness the highest growth over the next few years
• The U.S. food coating ingredients demand in bakery products was 316.2 kilo tons and is projected to reach a total volume of over 540 kilo tons in 2025.
• Asia Pacific is likely to witness significant growth over the next few years owing to the growing processed food products demand, increasing disposable income and increasing population in this region.
Food Coating Ingredients Companies Insights
The market players are engaged in constant strategic initiatives including joint ventures and merger & acquisition. Efforts toward global footprints and capacity enhancement are undertaken by major companies including Ashland Inc., Archer Daniels Midland Company, and Dohler. Prominent companies are also working to diversify their product range to obtain a competitive edge over the others in growing regions including Asia Pacific.
Key participants include Bowman Ingredients, Ashland Inc., E. I. DU Pont DE Nemours and Company, Archer Daniels Midland Company (ADM), PGP International, Inc., Sensory effects Ingredient Solutions, Tate & Lyle PLC, Agrana Beteiligungs-AG, Ingredion Inc., Cargill Inc., Newly Weds Foods, Kerry Group PLC, and Dohler
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Key questions answered in this report
• How big is the market?
• What is the market growth?
• Which segment accounted for the largest market share?
• Who are the key players in market?
• What are the factors driving the market?