Global food coating ingredients
industry was valued at USD 2.75 billion in 2014 and is expected to witness
growth owing to its increasing demand across various application segments,
including poultry & meat products, confectioneries and bakery products. Organoleptic
properties of ready-to-eat, bakery & confectionery, fried products and
processed food have the ability to absorb nutritional content which can be
derived by using food coating ingredients.
Emerging economies have been
experiencing growth in the fast food and confectioneries segment over the past
few years. This can be attributed to rising population, increasing disposable
income of consumers and their willingness to purchase services and products.
This has resulted in substantial expansion of popular food chains including KFC
and McDonalds. The industry is estimated to reach USD 4.44 billion by 2022.
Sugar & syrups emerged as
the largest segment of the market accounting for 30.2% owing to the growing
demand for bakery & confectionery products across the globe. In addition,
its increasing use as a Class-I preservative is expected to propel demand.
Cocoa & chocolates is
expected to witness significant gains at a CAGR of 6.8% from 2015 to 2022.
Rising consumer awareness regarding the benefits of dark chocolate is expected
to fuel demand over the forecast period.
North America food coating
ingredients market contributed to 42.4% of the overall revenue in 2014 owing to
stable demand for ready-to-eat food particularly in the U.S. North America and
Europe are expected to witness significant growth owing to rising demand for
processed food as it is readily available and has a longer shelf life as
compared to raw products.
Asia Pacific is expected to
witness significant growth at a CAGR of 6.6% from 2015 to 2022 on account of
increasing meat consumption along with growing demand for bakery products
primarily in developing countries including India and China. Changing lifestyle
has resulted in altering eating patterns of consumers, which has resulted in a
growing demand for ready-to-eat foods including processed and frozen items over
the past few years. This trend is anticipated to continue over the forecast
period, thereby propelling industry growth.
Key market players include
Ashland Inc.Archer Daniels Midland Company (ADM), Agrana Beteiligungs-AG,
Cargill Inc., Bowman Ingredients, E. I. DuPont DE Nemours and Company, Dohler,
Ingredion Inc. PLC, Kerry Group, PGP International, Lyle PLC and Sensory
Effects Ingredient Solutions and Tate& Lyle.
In depth research report on Food Coating Ingredients
Market
Further key findings from the study suggest:
• Global food coating ingredients
market size was valued at USD 2,752.8 million in 2014 and is expected to reach
USD 4,441.6 million by 2022, growing at a CAGR of 6.1% from 2015 to 2022.
• Confectioneries were the
leading application segment and accounted for 23.8% of total market revenue in
2014. Increasing disposable income levels coupled with changing consumer
lifestyle particularly in Asia Pacific and Latin America is expected to drive
this segment over the forecast period.
• North America food coating
ingredients market was the leading regional market and accounted for 42.4% of
total revenue in 2014. Stable demand for ready to eat food particularly in the
U.S. is expected to drive this region over the next seven years. Asia Pacific
is expected to register the highest growth of 6.6% from 2015 to 2022. Growing
meat consumption coupled with increasing demand for bakery products
particularly in India, China and Indonesia is expected to drive the regional
market.
• Key market players include
Archer Daniels Midland Company (ADM), Agrana Beteiligungs-AG, Bowman
Ingredients, Ashland Inc., Cargill Inc., Dohler, E. I. DU Pont DE Nemours and
Company, Kerry Group PLC, Ingredion Inc., PGP International, Inc.,
Sensoryeffects Ingredient Solutions and Tate & Lyle PLC.
Grand View Research has
segmented the global food coating ingredients market on the basis of product,
application and region:
Food Coating IngredientsProduct Outlook (USD Million, 2012
- 2022)
•
Cocoa & chocolates
•
Fats & oils
•
Salt, spices & seasonings
•
Flours
•
Batter & crumbs
•
Starches
•
Hydrocolloids
•
Sugar & syrups
•
Others
Food Coating Ingredients Application Outlook (USD Million,
2012 - 2022)
•
Bakery products
•
Confectioneries
•
R.T.E. cereals
•
Snacks & nutritional bars
•
Fruits & vegetables
•
Meat & poultry products
•
Others
Food Coating Ingredients Regional Outlook (USD Million,
2012 - 2022)
•
North America
•
U.S.
•
Europe
•
Germany
•
France
•
U.K.
•
Asia Pacific
•
China
•
India
•
Japan
•
Middle East & Africa
•
Central & South America
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
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