Global Food Coatings Industry
Food Coatings refers to application of a solid or liquid layer over food items to enhance there properties. This has been widely used to increase shelf life, provide flavor and preserve the food items. The market has seen a significant growth in the past due to greater reliance on processed and frozen food.
The food coatings industry was valued at $ 2.73 Billion in 2018 and is expected to reach $3.62 Billion by 2024 at a strong CAGR of 5.8%.
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The Food Coatings Market is segmented based upon ingredient type,equipment type, mode of operation, application and region.
Based upon Ingredient type, the food coatings market has been segmented as
- Cocoa & chocolate
- Fats & oils
- Sugars & syrups
- Salts, spices, and seasonings
Based upon Equipment type, the food coatings market has been segmented as
- Seasoning application
- Breading application
- Flour application
- Batter application
Based upon Mode of operation, the food coatings market has been segmented as
- Automatic Operation
- Semi-automatic Operation
Based upon Application, the food coatings market has been segmented as
- Confectionery Items
- Bakery Items
- Meat & Seafood
Based Upon Region, the food coatings market has been segmented as
- North America (United States of America, Canada, Mexico)
- Europe (Germany, France, UK, Italy, Russia, Spain)
- Asia Pacific (China, Japan, Korea, India, Australia, New Zealand)
- Middle East & Africa
- Latin America
North America is the market leader in terms of demand and revenue in food coatings. The region has a world class coating technology and relies heavily on automation. The region also has a high consumption rate for frozen products such as meat, vegetables and processed meat. The region has high consumption of breakfast products such as cereal and relies heavily on coating.
Europe is the next major market for food coatings. Heavily organized manufacturers and superior technology and infrastructure are some major reasons for the growth of food coatings in the region. The region has high dependency on frozen items.
Asia Pacific is expected to grow at the highest rate. The region has a high population density and high demand for processed food, improved manufacturing infrastructure and technological development in food production industry are leading the growth pattern in the region.
A growth in disposable income among consumers, increase in demand for frozen meat, snacks and bakery products are other driving factors in the region.
China and India with high population density are the most lucrative regions for the growth in food coatings industry.
Growing awareness in consumers about food trends and habits due to globalization and high connectivity. Manufacturers of Food and Beverage sector have expand their global presence owing to liberal trade methods.
Countries like China, Japan and India have developed indigenous food coating equipment which are at par with international standards provided by market leaders in coating technology.
Manufacturers are investing on research and development of technology. Some of the areas of focus include better shelf life, optimized handling of large-scale products, reduction of production wastage and increase of production capabilities.
The study objectives of this report are:
To study and analyze the global Food Coatings market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Food Coatings market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Food Coatings companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Food Coatings submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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