Food Coating Market Size, Share, Growth, Trends, and Forecast 2020 – 2026Posted 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. Request for sample report @ https://www.precisionbusinessinsights.com/request-sample?product_id=39938
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. For More Info, Click here @ https://www.precisionbusinessinsights.com/market-reports/food-coating-market/ Detailed Segmentation
By Ingredient Type
By Ingredient Form
By Equipment Type
By Mode of Operation
By Application
By Geography North America
Europe
Asia-Pacific
Latin America
Middle East and Africa (MEA)
About Us: Like it? Share it!More by this author |