Food Coating Ingredients Market Overview
Global Food Coating Ingredients Market reached US$ 4.5 billion in 2022 and is expected to reach US$ 7.2 billion by 2030 growing with a CAGR of 6.1% during the forecast period 2023-2030. Ingredients for food coatings are used as food ingredients in various bakeries and confectionary products to enhance the flavors and appearance of cakes, rolls, treats, chocolates, toffees, and other things.
Cocoa and chocolates, sugars and syrups, flavors and flavors, starches, hydrocolloids, fats and oils, scraps, and flours are the most frequently used fixings for coverings. The growth of the food handling industry has a significant impact on the market for food coating ingredients. They are used in the food and beverage industry to enhance food products' taste, surface, appearance, and flavor.
The market for food coating ingredients is being driven by the high tendency of the developing population to have the item. As populations in developing countries become more urbanized and lead busier lifestyles, there is an increasing demand for convenient food products. Food coating ingredients play a vital role in enhancing the texture, flavor, and visual appeal of processed foods such as breaded or battered products, frozen snacks, and ready-to-eat meals. The desire for quick and easy meal options has led to a surge in demand for food coating ingredients.
| Metrics | Details |
| CAGR | 6.1% |
| Size Available for Years | 2021-2030 |
| Forecast Period | 2023-2030 |
| Data Availability | Value (US$) |
| Segments Covered | By Product Type, By Form, By Application |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights. |
Food Coating Ingredients Market Dynamics and Trends
Developing Food Handling Skills for Meat, Pastry, Snacks, and Breakfast Oatmeal is Driving the Food Coating Ingredients Market Growth
Meat, snacks, pastry kitchen items, and breakfast oatmeal are a few examples of the important uses of food preparation equipment. Due to the fast urbanization of consumers' lifestyles, ready-to-eat and ready-to-cook meat, candy store items, and pastry shop items are becoming more and more popular because they are prepared foods requiring less time and effort to prepare while still ensuring sustenance and strength.
Additionally, according to the US Department of Agriculture (USDA), farmers combining meatpackers produced a record 4.5 million pounds of red meat and poultry alone in April 2022. As a result, it is also anticipated that demand will increase for equipment such as coaters, instruments, and enrobers.
Increasing Demand for Processed and Convenience Foods is Expected to Drive The Market Growth
The global frozen food market has been experiencing significant growth due to the increasing adoption of frozen meals and snacks. According to various sources, including market reports, the frozen food market is expected to witness substantial growth in the coming years. Food coating ingredients play a crucial role in enhancing the taste, texture, and visual appeal of frozen products, contributing to their popularity among consumers.
The fast-food industry is a major consumer of food-coating ingredients. The demand for fast food is growing globally, particularly in emerging markets. Fast-food chains offer a wide range of coated food products like fried chicken, breaded fish, and onion rings. As the fast-food sector expands, it drives the demand for food coating ingredients to maintain the quality, taste, and consistency of its menu offerings.
Growing Health and Nutritional Concerns of the Consumers are Restraining the Food Coating Ingredients Market
Consumers are increasingly conscious of their food choices and are actively seeking healthier options. There is a growing awareness of the potential health implications of consuming heavily coated and fried foods, which are often associated with higher levels of fat, sodium, and calories. This concern for healthier eating habits can lead to a shift in consumer preferences towards lighter, less processed, and lower-calorie food options, which may impact the demand for traditional food coating ingredients.
Dietary restrictions and special diets, such as gluten-free, vegetarian, vegan, or allergen-free diets, have gained popularity. These dietary choices often require specific considerations in food preparation and ingredients. Some traditional food coating ingredients may not align with these dietary preferences, leading to a demand for alternative coating solutions that cater to these specific dietary needs.
Food Coating Ingredients Market Segmentation Analysis
The global food coating ingredients market is segmented based on product type, form, application, and region.
The Liquid Segment Holds the Largest Market Share in the Food Coating Ingredients Market
Liquid coating holds the highest share of the food coating ingredients market. Ice cream coatings, flavored nuts, granola bars, and confections like candy bars all use liquid coating in their formulations. For flavorings on solid food products like nuts, cakes, doughnuts, cookies, sugar wafers, ice cream bars, and fruit pieces, manufacturers may use coatings, which are made of fat-based formulations that are melted and then applied to the products.
Liquid-based coating ingredients, such as marinades, sauces, and glazes, offer versatility and are widely used across different food categories. They can be applied to meat, poultry, seafood, vegetables, and baked goods. The ability of liquid coatings to enhance flavor, provide moisture, and add visual appeal makes them popular in a wide range of food products, contributing to their market share. For instance, liquid food coating ingredients like batter are used in products like chicken nuggets and wings. The demand for liquid food coating ingredients has increased due to batter coatings' ability to add color, flavor, texture, and shelf life to these products.
Food Coating Ingredients Market Geographical Share
The North America Region Held the Largest Market Share of the Food Coating Ingredients Market
North America has a robust processed food industry, which includes a wide range of coated food products. The region is home to numerous well-established food manufacturers and fast-food chains that heavily rely on food-coating ingredients. The demand for coated products, such as breaded chicken, frozen snacks, and coated confectionery items, contributes to the market share of North America.
Consumption patterns in North America tend to include a substantial portion of processed and convenience foods. These foods often require the use of food-coating ingredients to achieve desired taste, texture, and visual appeal. The popularity of coated items like fried chicken, onion rings, and coated snacks aligns with consumer preferences in the region, potentially contributing to the larger market share.
Food Coating Ingredients Companies and Competitive Landscape
The major global players in the market include Ashland Inc., Cargill Inc., Archer Daniels Midland Company, Associated British Foods PLC, Agrana Beteiligungs-Ag, Kerry Group, Tate & Lyle PLC, Ingredion Incorporated, Cooperatie AVEBE U.A., and Pioneer Foods.
COVID-19 Impact on Food Coating Ingredients Market
Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
Covid-19 Impact
The COVID-19 pandemic caused disruptions in global supply chains, affecting the sourcing and availability of raw materials used in food coating ingredients. Travel restrictions, lockdown measures, and temporary closures of manufacturing facilities and transportation networks hindered the smooth flow of ingredients, potentially impacting the production and distribution of food coating ingredients. The pandemic has resulted in changes in consumer behavior and preferences. With lockdowns, social distancing measures, and increased health concerns, there has been a shift towards home cooking and a preference for healthier food choices. This may have affected the demand for certain types of coated food products, subsequently influencing the demand for specific food-coating ingredients.
By Product Type
- Cocoa & Chocolate
- Fats & Oils
- Flours
- Breaders
- Batter & Crumbs
- Sugar & Syrups
- Others
By Form
- Dry
- Liquid
By Application
- Meat & Poultry Products
- Confectionery Products
- Bakery Products
- Ready to Eat Cereals
- Fruits & Vegetables
- Snacks
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- In December 2021, Univar Solutions Inc., a global chemical and ingredient distributor and provider of value-added services, announced that it has acquired Sweetmix Distribuidora de Matérias Primas Industriais Ltd, one of the top five distributors in Brazil of ingredients and specialty chemicals. Bringing together both new customers and suppliers as well as agreements with existing Univar Solutions' suppliers, Sweetmix significantly enhances the Company's specialty food ingredients offering in Latin America.
- In February 2021, the $26.2 billion megamerger of International Flavors & Fragrances and DuPont Nutrition and Biosciences, officially completed on Feb. 1, solidifies IFF’s place as one of the biggest players in the ingredients space.
- In February 2021, BioInteractions, a UK biomaterial technology company, launched its expanded product pathway partnership service incorporating bespoke coatings, optimized application and tooling, testing, regulatory support, and commercial production, at MD&M West.
Why Purchase the Report?
- To visualize the global food coating ingredients market segmentation based on product type, form, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of food coating ingredients market-level with all segments.
- The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The global food coating ingredients market report would provide approximately 61 tables, 60 figures and 190 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
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