The Global Food Coating Ingredients Market is estimated to grow at a CAGR of 3.94% over the forecast period as the scope and its applications are rising enormously across the globe. Food Coating Ingredients play an important role in products’ taste, development, texture, and arrangement. They act as a barrier between the product and atmosphere, alter the functional properties of foods, and control the surface moisture preventing the disintegration, adhesion, or agglomeration of food. The ingredients used mainly as coatings in solid foods are silicates, di- and monosaccharides, polyalcohol’s, modified starches, and the other anti-wetting coatings.
The factors playing a major role in the growth of Food Coating Ingredients are rising demand for ready to eat fried food and bakery products and increasing popularity of fast food restaurants. Food Coating Ingredients Market is segmented based on product type, application, and region.
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Sugars & syrups, cocoa & chocolates, hydrocolloids, fats & oils, starches, salt, spices & seasonings, batter & crumbs, and flours are the product types that could be explored in Food Coating Ingredients in the forecast period. Sugars & syrups sector accounted for the significant market share of Food Coating Ingredients in 2017 and is estimated to continue its dominance in the years to come. The reason being, they play an important role as a sweetener, color, and taste of the food items.
The market may be categorized based on applications like meat & poultry products, bakery products, fruits & vegetables, confectioneries, snacks & nutritional bars, R.T.E. cereals, dairy products, and others could be explored in the forecast period. Confectioneries sector accounted for the significant market share of Food Coating Ingredients and is estimated to lead the overall market in the years to come. Bakery products sector follow the suit.
Globally, North America accounted for the significant market share of Food Coating Ingredients and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be growing confectionary sector and rising demand for poultry & meat products.
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise growing population, rising demand for processed food products, and rising disposable income. The developing countries like India and China are the major consumers of Food Coating Ingredients in this region.
The key players of Food Coating Ingredients Market are Ingredion, AGRANA Beteiligungs, Cargill, Archer Daniels Midland Company, and Bowman Ingredients. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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The market is divided into the following segments based on geography:
Global Food Coating Ingredients Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
• AGRANA Beteiligungs
• Archer Daniels Midland Company
• Bowman Ingredients
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