According to the report Global Food Coating Ingredients Industry, published by Market Data Forecast, The Global Industry has been estimated at USD 2.95 Billion in 2016 and is projected to reach USD 3.98 Billion by 2021, at a CAGR of 6.15% during the forecast period from 2016 to 2021.
Food coating involves food processing by controlling a product’s development, arrangement, texture and taste structures. Food Coating Ingredients can be liquid or solid, depending upon the particular application. The procedure includes placing the product particles in motion and instantaneously applying the coating ingredient in a particular pattern to expose one to another. Food coatings play an important role in the processed food industry.
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The Industry for Food Coating ingredients is mainly driven due to factors like new developments in the field of antimicrobial coatings, inclining demand for health foods, rising intake of confectionaries along with ready to eat fried food and bakery products especially in developing countries. But, the Industry growth is constrained due to increase in health concerns among consumers which is restraining the global sales of fried food and high-calorie bakery products, where food coatings are used.
Global Industry for Food Coating Ingredients is segmented based on type and application. By type, the Industry is further sub-segmented into Cocoa, Chocolate, Fats & Oil, Salt, Spices, Flour & Batter, Starch, Hydrocolloid, Sugar & Syrups. By application, the Industry is further sub-segmented into Bakery, Confectionery, Cereal, Dairy, Snacks, Fruits & Vegetables, and Meat. Sugar & syrups is projected to experience the highest growth, and cocoa & chocolate is contributing to second largest share. The growth can be attributed to rising demand for bakery and confectionery products.
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Geographically, Global Industry for Food Coating Ingredients is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest Industry in terms of Industry share across the globe, followed by Europe. Food Coating Ingredients demand in the Europe region is primarily driven by bakers and confectioners. Asia Pacific and MEA regions are estimated to achieve highest gains in the near future, followed by Latin America.
Cargill Incorporated, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Kerry Group plc, Ashland Inc., Tate & Lyle PLC, AGRANA Group, PGP International, Inc., DohlerGroup, and SensoryEffects Ingredient Solutions are the major players of Global Food Coating Ingredients Industry.
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Key Points from Table of Contents
· Executive Summary
· Key Inferences
· New Developments
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Food Coating Ingredients Industry: Segmentation
· By Type
o Fats & Oil
o Flour & Batter
o Sugar & Syrups
o Fruits & Vegetables
· North America
· Latin America
· Middle East & Africa
· PESTLE analysis
· Porter’s Five analysis
Industry Leaders' Analysis
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