The global food coating ingredients market is expected to increase from $2,645.6 million in 2014, and reach $3,698.6 million in 2020 with a CAGR of 5.8%. The up surging bakery and confectionery industries, increasing demand for convenience foods, growing consumer demand for food protection agents are some of the factors, driving the growth of the global food coating ingredients market. The consolidating industry of food coating ingredient is a key trend that can be seen in the global food coating ingredients market.
The Asia-Pacific food coating ingredients market is expected to witness fastest growth, with a CAGR of 8.7% during 2015 – 2020. The higher economic growth and busy lifestyles are also driving the growth of the frozen food market, and consequently driving the upsurge in the global food coating ingredients market within the region. Due to the increasing health awareness, the demand for foods with organic ingredients has been propelling, which is providing growth opportunities for the global food coating ingredients market.
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The growing demand for bakery products and up surging domestic bakery production in North America is intensifying the growth of the food coating ingredients market in the region. Western Europe is the largest food coating market in European region, as of 2015. The main reason for the growth of the food coating ingredients market in Western Europe is the existence of large number of end-user industries in the bakery and confectionery segment.
The research provides market size and market forecast of the global Food Coating Ingredients market, for the period 2011 to 2020. The market size breakdown is as follows:
GLOBAL FOOD COATING INGREDIENTS MARKET BREAKDOWN
- By Type – includes global market size of cocoa and chocolates, fats and oils, spices and seasonings, flours, batter and crumbs, starches, hydrocolloids, sugars and syrups, and others.
- By Application – includes bakery, confectionery, RTE cereals and snack bars, dairy, savory snacks, frozen foods, meat and poultry, and others.
- By Region – includes market size of North America, Europe, Asia-Pacific, and Rest of the World (RoW).
GLOBAL FOOD COATING INGREDIENTS MARKET BREAKDOWN BY GEOGRAPHY
North America Food Coating Ingredients Market
- North America Food Coating Ingredients Market Breakdown by Country – The U.S., Canada, Mexico, and Rest of North America
- North America Food Coating Ingredients Market Breakdown by Type
- The U.S. Food Coating Ingredients Market Breakdown by Type
- Canada Food Coating Ingredients Market Breakdown by Type
- Mexico Food Coating Ingredients Market by Type
- North America Food Coating Ingredients Market Breakdown by Application
- The U.S. Food Coating Ingredients Market Breakdown by Application
- Canada Food Coating Ingredients Market Breakdown by Application
- Mexico Food Coating Ingredients Market by Application
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