Global Food Coating ingredients Market - Growth, Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Food & Beverages | No. of Pages - 164 | Published By - Mordor Intelligence

Report Highlights

The global food coatings ingredient market is estimated to grow from USD 2.6 billion in 2015 to USD 3.6 billion by 2020 at a CAGR of XX%.

Global Food Coating Ingredients Market Dynamics

Since globalization of food has led to import and export of food articles across borders, it has become imperative to increase shelf life, maintain the quality of food and provide a similar rich taste experience at par with that of locally produced food. Coating of food commodities helps to address this growing need. Varied food coating ingredients are used for a variety of food items in accordance with their respective properties and desired solutions.

Growing urbanization, hectic and sedentary lifestyles are prompting consumers to opt for healthier alternatives to regular food. Food items are being coated with vitamins and nutrients to enhance the nutritional profile. Varied food regulations across the globe and stringent laws governing the food items pose a challenge for the market.

Global Food Coating Ingredients Market Segmentation

The global food coating ingredient market encompasses ingredients such as fats and oil, cocoa and chocolates, spices, flours, starches, syrups and sugar, salts, hydrocolloids, and others. The largest application is witnessed across bakery and confectionery industry followed by RTE, dairy, savory snacks, frozen food, meat and poultry.

Europe and North America are the largest markets for food coating ingredients. The region is characteristic of a high-income population, hectic lifestyles, and demand for convenience foods. Asia-Pacific is anticipated to have a high growth rate owing to the overall growth of the economy, favorable government policies and changing lifestyles.

Key Players in the Global Food Coating Ingredients Market

Major companies in the food coating ingredient market are Archer Daniels Midland Company (ADM), Bowman Ingredients, Agrana Beteiligungs-AG, Balchem Corporation, Ashland Inc., Cargill, Incorporated, Dohlergroup, DU Pont DE Nemours and Company, Ingredion Incorporated, Kerry Group PLC, PGP International, Inc., Sensory Effects Ingredient Solutions and Tate & Lyle PLC.

 

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