The global food coating ingredients market reached a value of US$ 3.55 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 4.89 Billion by 2027, exhibiting a CAGR of 5.48% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Food coating ingredients represent a set of additives and substances added to the surface of food products to improve their texture, aroma, and flavor. They include oils, fats, seasonings, syrup, flour, chocolates, flavor enhancers, sugar, and batter as some of the common food coating ingredients.
They also aid in maintaining the nutritional profile and integrity of items, enhancing the quality of food products, changing surface gloss, and inhibiting moisture and lipid migration. Apart from this, food coating ingredients comprise nanoparticles and antioxidants, due to which they are extensively incorporated in nutritional bars, seafood, and confectioneries. At present, they are mainly available in solid and liquid forms.
Food Coating Ingredients Market Trends:
With the significant expansion in the food and beverage (F&B) sector, there has been an increasing demand for healthy, ready-to-eat (RTE) and ready-to-drink (RTD) products. This, in turn, has facilitated the adoption of food coating ingredients to improve the organoleptic properties of processed, bakery, fried, and consumer goods, which represents a prime factor currently driving the market growth.
In line with this, significant technological advancements, such as the implementation of electrostatic coatings for enhancing the aroma, appearance, taste, and shelf-life of several food products by eliminating chemical reactions, are acting as other growth-inducing factors.
Moreover, the introduction of antimicrobial coatings to protect packaged items from spoilage and mitigate the growth of pathogens is contributing to the market growth. Moreover, the rising health concerns and awareness amongst consumers regarding the detrimental effects of chemical additives have prompted manufacturers to uptake natural food coating ingredients, which is contributing to the market growth.
Other factors, such as continuous investments in research and development (R&D) activities and strategic collaborations amongst key players to engineer flavored-infused food coating ingredients, are creating a positive outlook for the market.
Report Attribute
Details
No. of Pages
143
Forecast Period
2021 - 2027
Estimated Market Value (USD) in 2021
$3.55 Billion
Forecasted Market Value (USD) by 2027
$4.89 Billion
Compound Annual Growth Rate
5.4%
Regions Covered
Global
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGRANA Beteiligungs-AG, Associated British Foods plc, Bowman Ingredients, Buhler Holding AG, Cargill Incorporated, Dohler, GEA Group Aktiengesellschaft, Ingredion Incorporated, Kerry Group plc, Marel, Newly Weds Foods Inc., Roquette Freres and Tate & Lyle PLC.
Key Questions Answered in This Report:
How has the global food coating ingredients market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global food coating ingredients market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the form?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global food coating ingredients market and who are the key players?
What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction 4.1 Overview 4.2 Key Industry Trends
5 Global Food Coating Ingredients Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast
12 Porters Five Forces Analysis 12.1 Overview 12.2 Bargaining Power of Buyers 12.3 Bargaining Power of Suppliers 12.4 Degree of Competition 12.5 Threat of New Entrants 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 AGRANA Beteiligungs-AG 14.3.1.1 Company Overview 14.3.1.2 Product Portfolio 14.3.1.3 Financials 14.3.1.4 SWOT Analysis 14.3.2 Associated British Foods plc 14.3.2.1 Company Overview 14.3.2.2 Product Portfolio 14.3.2.3 Financials 14.3.3 Bowman Ingredients 14.3.3.1 Company Overview 14.3.3.2 Product Portfolio 14.3.4 Buhler Holding AG 14.3.4.1 Company Overview 14.3.4.2 Product Portfolio 14.3.5 Cargill Incorporated 14.3.5.1 Company Overview 14.3.5.2 Product Portfolio 14.3.5.3 SWOT Analysis 14.3.6 Dohler 14.3.6.1 Company Overview 14.3.6.2 Product Portfolio 14.3.7 GEA Group Aktiengesellschaft 14.3.7.1 Company Overview 14.3.7.2 Product Portfolio 14.3.7.3 Financials 14.3.7.4 SWOT Analysis 14.3.8 Ingredion Incorporated 14.3.8.1 Company Overview 14.3.8.2 Product Portfolio 14.3.8.3 Financials 14.3.9 Kerry Group plc 14.3.9.1 Company Overview 14.3.9.2 Product Portfolio 14.3.9.3 Financials 14.3.10 Marel 14.3.10.1 Company Overview 14.3.10.2 Product Portfolio 14.3.10.3 Financials 14.3.10.4 SWOT Analysis 14.3.11 Newly Weds Foods Inc. 14.3.11.1 Company Overview 14.3.11.2 Product Portfolio 14.3.12 Roquette Freres 14.3.12.1 Company Overview 14.3.12.2 Product Portfolio 14.3.12.3 SWOT Analysis 14.3.13 Tate & Lyle PLC 14.3.13.1 Company Overview 14.3.13.2 Product Portfolio 14.3.13.3 Financials 14.3.13.4 SWOT Analysis
