According to the latest report by IMARC Group, titled “Food Coating Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global food coating ingredients market analysis.The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global food coating ingredients market size reached US$ 3.55 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.89 Billion by 2027, exhibiting a growth rate (CAGR) of 5.33% during 2022-2027.
Food coating ingredients are a set of additives and substances applied to the surface of food products to enhance their texture, flavor, and aroma. Some commonly used food coating ingredients include flour, chocolates, oils, fats, seasonings, syrup, flavor enhancers, sugar, and batter. They are widely available in solid and liquid forms. They help maintain nutritional value and integrity of foods, improve food quality, change surface gloss, and prevent moisture and lipid migration. Since they comprise nanoparticles and antioxidants, food coating ingredients find extensive applications in nutritional bars, seafood, and confectioneries across the globe.
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Market Trends
The global food coating ingredients market is primarily driven by rising demand for healthy, ready-to-eat (RTE), and ready-to-drink (RTD) products due to rapid expansion in the food and beverage (F&B) sector. Moreover, numerous technological advancements, including the use of electrostatic coatings to improve the flavor, appearance, and shelf-life of food products by eliminating chemical reactions, are positively influencing the market growth.
Additionally, the surging adoption of food coating ingredients to enhance the organoleptic properties of fried, processed, bakery, and consumer goods has catalyzed market growth. Furthermore, the rising use of antimicrobial coatings on packaged items to prevent spoilage and eliminate the growth of pathogens is contributing to market growth. Other factors, including ongoing investments in research and development (R&D) activities, increasing collaborations among key players to develop flavored-infused food coating ingredients, and surging health concerns, are also anticipated to drive the market further.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AGRANA Beteiligungs-AG, Associated British Foods plc, Bowman Ingredients, Bühler Holding AG, Cargill Incorporated, Döhler, GEA Group Aktiengesellschaft, Ingredion Incorporated, Kerry Group plc, Marel, Newly Weds Foods Inc., Roquette Frères and Tate & Lyle PLC.
Breakup by Type:
- Sugars and Syrups
- Cocoa and Chocolates
- Fats and Oils
- Spices and Seasonings
- Flours
- Batter and Crumbs
- Others
Breakup by Form:
- Dry
- Liquid
Breakup by Application:
- Bakery
- Confectionery
- Breakfast Cereals
- Snacks and Nutritional Bars
- Dairy Products
- Meat and Poultry Products
- Fruits and Vegetables
- Others
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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