Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the food coating market provides in-depth analysis of segments and sub-segments in the global as well as regional food coating market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food coating market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global food coating market. According to the report, the global food coating market is projected to grow at a CAGR of 5% over the forecast period of 2021-2027.
The global food coating market was sized near USD 5 billion in 2021. The global food coating market is projected to grow with a CAGR of 5% during 2021-2027. Food coating founds an application of ingredients for nourishment handling and also control improvement strategy. Furthermore, food coating contributes to the taste, textural, and other sensory aspects of processed food products and plays an essential role in the texture and flavor of the food product. Moreover, food coating enhances the taste and ease of future product processing and adds value to the product. Hence, various application industries like confectionery, bakery, fried foods, and ready-to-eat foods demand the food coating process. Additionally, food coating industries are introducing carious coating due to anti-microbial coating requirements. However, sugars and syrups hold a significant share in the ingredient market, followed by cocoa & chocolates, owing to their immense scope of application. These are the coating ingredients used by the coating industries. Also, for delivering nutraceuticals in convenient formats, the encapsulation technique has been touted as a suitable option in food industries.
One of the prime factors driving the food coating market’s growth is the emerging incorporation of encapsulation techniques across the globe. Furthermore, the expansion of the market is more accelerated due to the use of the coating products for providing dietary supplements to improve the organoleptic properties of processed products, fried and bakery and confectioneries, and ready-to-eat products. In addition, other factors propelling the market growth are increased focus on production efficiency, processing time, quality of food products, and a surge in demand for processed, prepared, and convenience food. Moreover, the food coating market is positively affected by the factors like an increase in demand for functional foods, a surge in disposable income, a change in consumer lifestyle, and a rise in awareness about health and wellness. On the other hand, the market’s growth can be hindered by production costs due to fluctuating ingredient prices and a shift toward fresh food products. Also, some infrastructural and regulatory issues are expected to hamper the market’s growth over the forecast period. Nevertheless, a rise in demand for eco-friendly technology is expected to provide exponential growth opportunities to the food coating market.
North America is projected to hold the largest share of the food coating market and dominate the market during the forecast period. There is increasing demand for meat & poultry products and confectioneries in the region, driving market growth in the area. Furthermore, the presence of food coating equipment manufacturers and the early adoption of advanced technologies are other considerable factors driving the market’s growth in the region. However, Asia Pacific is considered the fastest-growing region due to the robust demand for confectionery and dairy industries in India and China. Also, the growing popularity of RTE convenience foods among the working population is propelling the growth of the food coating market in the region. Additionally, in countries like India and China, the market sale is boosted due to rising disposable income and changing lifestyle of the consumers in the region.
The report on the global food coating market covers segments such as type, application, equipment type, form, and mode of operation. On the basis of type, the sub-markets include batter, and flours. On the basis of application, the sub-markets include bakery, and snacks. On the basis of equipment type, the sub-markets include coaters and applicators, and enrobers. On the basis of form, the sub-markets include dry, and liquid. On the basis of mode of operation, the sub-markets include automatic, and semi-automatic.
The report provides profiles of the companies in the market such as Cargill (US), Kerry Group (Ireland), Ingredion Incorporated (US), Archer Daniels Midland Company (US), JBT Corporation (US), PGP International (US), Newly Weds Foods (US), and Bowmen Ingredients (UK).
The report provides deep insights into the 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 an 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 food coating market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. 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 an insight into the market share of the leading players.
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