The Increased demand for meat, eggs, poultry, bakery items, snacks, and pastries increased, and the rising need for refined and convenient foods is driving the demand for the market.
Market Size – USD 3.94 Billion in 2019, Market Growth – CAGR of 5.1%, Market Trends – Increased demand for convenience food.
The Food Coating Ingredients Market is projected to reach USD 5.94 billion in 2027. The growing success of fast-food restaurants through diverse ages has contributed significantly to consumer development and growth of the food & beverage industry.
Food coating is part of the manufacturing of foodstuffs and is used to enhance the structure, taste, and texture of the product. The method allows the product to keep moving as the layer component is used in a specific design. Such coatings not only secure the underlying substance but also increase the overall appeal and product quality.
It is anticipated that the growing food processing sector will promote product production. However, consumers and many of them who opt for food ready for consumption and frozen foods are expected to push the global market in food laminations to drift in consumption patterns.
In emerging economies such as Asia & Africa, the global fast-food market is projected to expand faster. Rising per capita incomes, rapid life, and increased popularity of fast food among young people are expected to further boost the market.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Food Coating Ingredients Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market.
Key findings of the report:
Food coating is an immediate application of food ingredients and controls techniques for development.
The market is driven mainly by increased demand for food industries, particularly pastries, bakeries, fried foods, and ready-to-eat foods, which contribute to the color, taste, and sweetness of food products being covered.
The food coating industry also needs to incorporate carious coating ingredients for food products as part of the necessity for antimicrobial coating.
The most critical aspect of the demand for ingredients is the coating products employed by industry, sugars, and syrups supplemented by cocoa and chocolate, because of their enormous breadth of use.
The rising demand for packaged foods, increasing readily available incomes and the increased population in the area is likely to be a sign of substantial growth in Asia-Pacific in the next years. The regional demand for food products is expected to grow.
In March 2018, Tate & Lyle PLC partnered up with the leading manufacturer of specialty products and raw materials, HORN (California, North America). HORN distributes the advanced ingredients from Tate & Lyle produced for the nutrition industry in the United States as part of this collaboration. It will create opportunities for shared growth and improved exposure to new goods in the companies’ markets.
Key players in the market include Ashland Inc., Bowman Ingredients, Archer Daniels Midland Company (ADM), E. I. DU Pont DE Nemours and Company, Sensory effects Ingredient Solutions, PGP International, Inc., Tate & Lyle PLC, Ingredion Inc., Agrana Beteiligungs-AG, and Newly Weds Foods, among others.
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For the purpose of this study, the global Food Coating Ingredients market has been segmented on the basis of disease type, application, distribution channel, and region:
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Cocoa & Chocolates
Fats & Oils
Salt, Spices & Seasonings
Sugar & Syrups
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Snacks & Nutritional Bars
Fruits & Vegetables
Meat & Poultry Products
By Region (Revenue, USD Million; 2017-2027)
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
Key Coverage of the Report:
- An in-depth analysis of the historical years and the forecast period has been offered in the report
- Food Coating Ingredients Market dynamics, including key drivers, challenges, restraints, threats, and growth opportunities have been analyzed in reports
- SWOT analysis and Porter’s Five Forces analysis with feasibility analysis and investment return analysis
- Competitive landscape benchmarking along with a comprehensive overview of their company profiles, product portfolios, strategic business decisions, and financial standings
- The report covers mergers and acquisitions, product launches and brand promotions, joint ventures, collaborations, and partnerships among few
- Pictorial representation of the key statistical data into graphs, tables, charts, diagrams, and figures
- An in-depth analysis of the current and emerging market trends and developmental patterns
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