Food Coating Ingredients Market (Ingredients - Cocoa & Chocolates, Fats & Oils, Salt, Spices & Seasonings, Batter & Crumbs, Flours, Hydrocolloids, Sugars & Syrups, and Others; Application - Ready-to-eat-cereals, Dairy Products, Snacks and Nutritional Bars, Meat and Poultry Products, Fruits and Vegetables, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the food coating ingredients market provides an in-depth analysis of segments and sub-segments in the global as well as regional food coating ingredients market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food coating ingredients market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global food coating ingredients market. According to the report, the global food coating ingredients market is projected to grow at a CAGR of about 5.5% over the forecast period of 2022-2028.

Market Insight

The value of the food coating ingredients market in 2022 was around USD 6 billion and is expected to reach over USD 8 billion in 2028 and is expected to be growing with a CAGR of nearly 5.5% during the forecast period. Food coating is the application of a layer of solids or liquids onto a food product. Food coating is a part of the food processing activity that is used to improve the product's structure, taste, and texture. Coatings are added for the enhancement of organoleptic properties or food energy of a food product. They are a barrier that limits the contact of the product with the environment, modifies the functional properties of foods, and contributes to the control of the surface moisture preventing the agglomeration, adhesion, or disintegration of food. The substances used mainly as coatings in solid foods are mono and disaccharides, modified starches, polyalcohols, silicates, and other anti-wetting coatings. The coating process begins with the application of the coating on the food product and is completed by a stabilizing process such as freezing, cooling, heating, or drying to increase the shelf-life of the product.

COVID-19 was an incomparable global public health emergency that has affected almost every industry and is projected to impact these various industry growths during the forecast period. During the Covid-19, pandemic people were compelled to stay in their homes. The governments of many countries in the world turned their focus to healthcare from other industries. This significantly disrupted their supply chain operations and manufacturing as lockdowns were imposed by the respective governments. Manufacturing facilities were all shut down due to the pandemic in almost every country across the globe. Logistical restrictions, manpower shortage, material unavailability, and other restrictions had reduced the growth of the industry. The pandemic has affected the normal production of companies.

Growing per capita income and changing lifestyles of consumers are driving factors for the growth of the food coating ingredients market. The intensifying popularity of low saturated fat levels in confectionery coatings also promotes the growth of the food coating ingredients market. The expanding popularity of junk food among teenagers also drives the food coating ingredients market. Additionally, a shift in the eating habits of consumers along with changing taste preferences and limited availability of time owing to busy lifestyles is making consumers depend on ready-to-eat food products or food service outlets boosting the growth of this market. The rising demand for processed food in emerging regions is expected to be the key trend in the near future for the food coating ingredients market. However, the stringent regulations by the FDA and European Commission towards reducing the use of chemical coatings hinder the growth of the food coating ingredients market. The increasing popularity of outlets namely KFC and McDonald's, increasing per capita income, and consumers’ willingness to spend in developing economies are likely to experience growing demand for the food coating ingredients market in the future. Moreover, the growing research and development for the production of plant-based coating ingredients with increased shelf-life create an opportunity for new entrants in the food coating ingredients market.

The report provides a regional outlook covering geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to dominate the food coating ingredients market during the forecast years. The region is backed by superior food coating technologies and utilizes automatic equipment for coating food ingredients. Consumers in the US and Canada majorly consume salty snacks such as potato chips, which need dry coating. Apart from this, these countries consume frozen food that requires a coating for extended shelf life. Consumers in this region opt for cereal as a breakfast option which also requires coating. The US is also a huge market for confectionery products. A substantial increase in fruits, vegetables, cereals, and snacks being exported coupled with the diversified consumer base spread across regions has given impetus to the use of coatings such as oils and polyvinyl alcohol for preservation.

Segment Covered

The report on the global food coating ingredients market covers segments such as ingredients and application. On the basis of ingredients, the sub-markets include cocoa & chocolates, fats & oils, salt, spices & seasonings, batter & crumbs, flours, hydrocolloids, sugars & syrups, and others. On the basis of application, the sub-markets include ready-to-eat-cereals, dairy products, snacks, nutritional bars, meat, and poultry products, fruits and vegetables, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Cargill Inc., Archer Daniels Midland Company, Associated British Foods PLC, Agrana Beteiligungs-Ag, Pioneer Foods, Cooperative AVEBE U.A., Ingredion Incorporated, Tate & Lyle PLC, and Kerry Group.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the food coating ingredients market. Moreover, the study highlights current market trends and provides forecasts, from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.