The global food coating ingredients market size is expected to reach USD 5.82 billion by 2027. Growing food & beverage industry along with the growing popularity of fast food restaurants across various age groups has been a major factor driving the market growth.
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.
Global Food Coating Ingredients Market size will witness dynamic growth owing to increasing demand for dietary supplements to improve organoleptic property of bakery, ready to eat & fried products. Potential outlook in food processing is projected to propel food coating ingredients market size. Furthermore, changing consumer preference for processed and frozen eatables is estimated to drive industry growth.
Rising confectionaries consumption and increasing consumption of healthy eatables particularly in developed countries are the major factors driving food coating ingredients market growth. Manufacturers are expected to introduce numerous coating ingredients for eatables with increasing requirement for the anti-microbial coating.
Increase in number of superstores and shopping marts along with expansion of retail sector in emerging economies is likely to drive food coating ingredients market. Rising production capacities in Asian countries including, India and China owing to supportive government rules & regulations will further enhance the product penetration. Rising demand for the poultry and increasing disposable income of consumers will further provide lucrative opportunities for manufacturers.
Stringent rules & regulations laid down by the government bodies in Europe and North America is expected to hamper food coating ingredients market growth. European Commission and FDA guidelines regarding usage of additives & chemicals in various industries is anticipated to hamper product market size.
On the basis of product type, food coating ingredients market is segmented into sugar & syrups, hydrocolloids, flours, fats & oils and cocoa & chocolates. Sugar & syrup segment is projected to dominate the industry as they help in inducing certain properties including, sweetness, colour and taste to items being coated. New developments in field of antimicrobial coatings is anticipated to boost industry growth. Moreover, demand of antimicrobial varnish component is fuelled by presence of supportive principles & guidelines in several regions.
On the basis of application market is segmented into bakery, confectionary, meat, vegetable, fruit, snacks, dairy and cereal. Confectionary segment will witness significant growth owing to its wide acceptance in developing countries & mounting popularity of the outlets namely KFC & McDonald's. Rising per capita income and consumer willingness to pay higher for healthier products likely to support the product demand. Increased usage of natural ingredients along with adherence to the regulatory norms may result in additional cost for manufacturers.
APAC food coating ingredients market will witness substantial growth owing to increasing regulatory support from the governments. For instance, recently Indian government has started promoting food parks to propel eatables industry and attract foreign direct investment. These improvements are speculated for generating investment in processing industry, thus propelling product market size. Fast-paced life along with rising consumption of junk diet amongst the youngsters is expected to further boost product demand.
North America region for food coating ingredients market is expected to foresee substantial growth due to increasing demand for meat & poultry confectioneries and products. Substantial increase in cereals, snacks and fruits & vegetables export coupled with diversified consumer base spread across various regions pushed product application for preservation.
Food coating ingredients industry is fragmented with presence of various regional & international players in the industry. Some of the key players are Cargill, Archer Daniels Midland Company, Bowman, Ashland, Tate & Lyle, DU Pont, Dohler Group, Kerry Group, Agrana Group, Tate & Lyle and PGP International.
The companies are engaged in the constant strategic initiatives including, merger & acquisition and joint ventures to capture the industry share. In addition, steps are taken towards capacity enhancement by major companies including Dohler and Archer Daniels Midland Company to increase global footprint. Prominent firms are further working to diversify the product range to obtain competitive edge over other players in the industry.
Cocoa & Chocolates
Fats & Oils
Salt, Spices & Seasonings
Batter & Crumbs
Sugars & Syrups
Snacks & Nutritional Bars
Fruits & Vegetables
Meat & Poultry Products
Central & South America
Middle East & Africa
The Food Coating Ingredients market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Food Coating Ingredients market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Food Coating Ingredients market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Food Coating Ingredients market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Food Coating Ingredients market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Food Coating Ingredients capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Food Coating Ingredients by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Food Coating Ingredients market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Food Coating Ingredients market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Food Coating Ingredients market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Food Coating Ingredients industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Food Coating Ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Food Coating Ingredients market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Food Coating Ingredients market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Food Coating Ingredients market. These factors have benefited the growth of the global market for Food Coating Ingredients. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Food Coating Ingredients. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Food Coating Ingredients are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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