Food Coating Market Size, Share, Growth, Trends, and Forecast 2020 2026

Posted by Shristi on March 18th, 2020

Analyst Speak:

 

The Global Food Coating Market was valued around US$ 6.15 Bn by 2019 and growing at a significant CAGR of 5.4 % over next seven years 2020-2026 due to growing demand for growing demand for processed food and frozen food”

The global food coating market accounted for US$ 1.8 in 2019 and burgeoning over the forthcoming years. Some of the key factors fueling the market growth include rapidly growing demand for processed food. In Addition, properties such as, organoleptic features, taste, appeal and shelf life can be achieved by food coating which inducing the market growth. Additionally, food coating are also helpful in the protection of food from undesirable conditions. However, increasing cost of raw material, the processing cost of food coating and concern related with the harmful effects with food coating agents and consuming junk food are the factors hindering the market growth.

Global food coating market segmented on the basis of ingredient type, ingredient form, and equipment type, mode of operation, application and region.

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Bakery Products Food Coating Dominate the Global Food Coating Market

Based on the application, global food coating market segmented into bakery cereals, bakery products, confectionery products, meat & seafood products and snacks. Bakery product food coating held considerable growth due rising popularity and increasing consumptions of bakery products among the youngsters. Different coating are used to enhance the taste and protect the food products from undesired conditions. Moreover, frequently used sugar coating on bakery products to enhance the taste appeal, and texture of the food.

Asia Pacific Leads the Global Food Coating market

PBI’s global Food Coating market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global food coating market with considerable CAGR. The growth in this region is due to rapid increasing population and emerging countries like India, China and South Korea. Increasing demand for food coating from various industries such as bakery, snacks and processed food in the region are the other factors responsible for the market growth. North America is a developed region of the global food coating market. Europe shows significant growth rising and growing food industry in the region.

Strategies Introducing are the key strategies adopted by market players

 

Global Food Coating market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. In April 2019, Cargill Incorporated introduced world’s first fillings and coatings that also includes rainforest alliance certified coconut oil, that are sourced through a sustained mass balance model.

Key player’s profiles in the report are Cargill, Kerry Group, Archer Daniels Midland Company (ADM), Ingredion Incorporated, Newly Weds Foods, PGP International, TNA Australia Pty Limited, Dumoulin, Clextral, Spice Application Systems, Dohler Group, Archer Daniels Midland Company, Agrana Group, Tate & Lyle Plc and PGP International Inc.

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Precision Business Insights (PBI) in its report titled “Global Food Coating Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2019 and Forecast 2020-2026” assesses the market performance over seven years forecast period over 2020-2026. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.

Detailed Segmentation

 

By Ingredient Type        

  • Batter
  • Breaders
  • Cocoa & Chocolate
  • Fats & Oils
  • Flours
  • Salts, Spices, and Seasonings
  • Sugars & Syrups
  • Others

By Ingredient Form        

  • Dry
  • Liquid

By Equipment Type       

  • Batter Applicators
  • Breader Applicators
  • Coaters & Applicators
  • Enrobers
  • Flour Applicators
  • Seasoning Applicators
  • Others

By Mode of Operation

  • Automatic
  • Semi-Automatic

By Application 

  • Bakery Cereals
  • Bakery Products
  • Confectionery Products
  • Meat & Seafood Products
  • Snacks                                                

By Geography

North America

  • USA
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

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Shristi

About the Author

Shristi
Joined: September 17th, 2019
Articles Posted: 60

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