Food Coating Ingredients Industry Consumption by Types, Regions, Key players Analysis and Forecasts to 2027
Food coating ingredients are added to food products to add
taste, texture, flavor, and also improve the appearance of the food product.
Cocoa & chocolates, sugars & syrups, spices & seasonings, starches,
hydrocolloids, fats & oils, crumbs, and flours are some of the commonly
used food coating ingredients. They are applicable in various industries such
as bakery and confectionery, dairy and frozen desserts, sweet and savory
snacks, beverages, and others. Moreover, they are available in different forms
such as liquid, powder, granule, and chunks.
Food
Coating Ingredients Market Revenue
Market Forecast:
Food coating is gaining popularity in various industries for
its attribute of adding taste, texture, and flavor to the food products. The
major role of food coating is improvising the appearance of the food products,
which is attracting a huge population boosting the growth of the market.
Changing lifestyle, increasing disposable income, and change in consumption
pattern are some of the major factors contributing to the growth of food
coating ingredients market.
High inclination towards baked and confectionery products in
developing countries is further boosting the growth of food coating ingredients
market. The high content of fat and calories in food coating is restraining the
growth of the market among the obese and diabetic population. However,
introduction to sugar-free and natural coating products has paved an
opportunity for the growth of the food coating ingredients market.
Nevertheless, all these factors are projected to contribute to the estimated
CAGR of 6.9% during the forecast period, 2017-2023.
Downstream analysis:
The global food coating ingredients market is segmented into
type and application.
On the basis of the type, it is segmented into cocoa &
chocolates, sugars & syrups, spices & seasonings, starches,
hydrocolloids, fats & oils, crumbs, flours, and others. Among all, the
cocoa & chocolate segment is dominating the market.
On the basis of the application, it is segmented into bakery,
confectionery, dairy, frozen foods, RTE meals, snack and nutrition bar, and
others. Among all, the bakery segment is dominating the market owing to the
high use of food coating ingredients.
Competitive analysis:
The major players in the food coating ingredients market
- I.
du Pont de Nemours and Company (U.S.)
- Cargill
Inc. (U.S.)
- Ashland
Global Holdings Inc. (U.S.)
- Archer-Daniels-Midland
Company (U.S.)
- Agrana
Beteiligungs Ag (Austria)
- Dohler
Group SE (Germany)
- PGP
International Inc. (U.S.)
- Tate
& Lyle Plc. (U.K)
- Ingredion
Incorporated (U.S.)
- Kerry
Group Plc. (Ireland)
Regional Analysis:
The global food coating ingredients market is segmented into
North America, Europe, Asia Pacific, and rest of the world (ROW). Among all the
regions, Europe has the major market share and is dominating the global food
coating ingredients market. Technological advancements and continuous
innovations are one of the major factors driving the food coating ingredients
market in Europe. In North America, the U.S. is prominent in consumption of
food coating ingredients.
Complete Report Details @ https://www.marketresearchfuture.com/reports/food-coating-ingredients-market-5395
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