Food Coating Ingredients Market Size, Share, Growth | Forecast By 2032
IMARC Group's report titled "Food Coating Ingredients Market Report by Type (Sugars and Syrups, Cocoa and Chocolates, Fats and Oils, Spices and Seasonings, Flours, Batter and Crumbs, and Others), Form (Dry, Liquid), Application (Bakery, Confectionery, Breakfast Cereals, Snacks and Nutritional Bars, Dairy Products, Meat and Poultry Products, Fruits and Vegetables, and Others), and Region 2024-2032". The global food coating ingredients market size reached US$ 4.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.
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Factors Affecting the Growth of the Food Coating Ingredients Industry:
- Increasing Demand for Convenience Food Products:
The growing demand for convenience food products among people with busy schedules and hectic working schedules is offering a favorable market outlook. Consumers are seeking products that are easy to prepare, require minimal cooking time, and provide a satisfying eating experience. Food coatings enhance the appeal of these products by adding texture, flavor, and a crispy or crunchy exterior, which are desirable traits in many convenience food items. People are increasingly opting for frozen or ready-to-cook meals that save cooking time.
- Consumer Preference for Texture and Flavor:
People are increasingly looking for food products that provide unique sensory experiences, particularly in terms of texture and flavor. Food coatings play a crucial role in meeting these preferences by adding a distinct crunch, crispiness, or specific mouthfeel that enhances the overall eating experience. These coatings can also be infused with various flavors and seasonings that allow manufacturers to offer diverse taste profiles to cater to different consumer tastes. Furthermore, manufacturers are investing in developing new coating ingredients that offer innovative textures and flavors.
- Advancements in Coating Technologies:
Innovations, such as healthier coating options with reduced fat content, gluten-free alternatives, and coatings that use natural or organic ingredients, assist in attracting health-conscious consumers. These new technologies also include coatings that adhere to food products, improve moisture retention, and enhance shelf stability, making them more versatile across different food categories. The growing demand for innovative coating solutions, as people are becoming more aware about the health and dietary considerations, is offering a favorable market outlook. Manufacturers are developing coatings that cater to specific dietary needs, such as low-calorie or allergen-free options.
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Leading Companies Operating in the Global Food Coating Ingredients Industry:
- AGRANA Beteiligungs-AG
- Associated British Foods plc
- Bowman Ingredients
- Bühler Holding AG
- Cargill Incorporated
- Döhler
- GEA Group Aktiengesellschaft
- Ingredion Incorporated
- Kerry Group plc
- Marel
- Newly Weds Foods Inc.
- Roquette Frères
- Tate & Lyle PLC
Food Coating Ingredients Market Report Segmentation:
By Type:
- Sugars and Syrups
- Cocoa and Chocolates
- Fats and Oils
- Spices and Seasonings
- Flours
- Batter and Crumbs
- Others
Sugars and syrups represent the largest segment as they are essential in creating coatings that provide sweetness, texture, and color.
By Form:
- Dry
- Liquid
Liquid holds the biggest market share due to its ability to offer flexibility in formulation.
By Application:
- Bakery
- Confectionery
- Breakfast Cereals
- Snacks and Nutritional Bars
- Dairy Products
- Meat and Poultry Products
- Fruits and Vegetables
- Others
Confectioneries account for the largest market share, driven by the rising consumption of chocolate and candies among individuals.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys a leading position in the food coating ingredients market on account of the presence of major food manufacturers.
Global Food Coating Ingredients Market Trends:
Fast food outlets rely on coated products, such as fried chicken, fish fillets, onion rings, and other snacks, that require a variety of batters. The demand for these coatings is driven by the need to maintain consistent taste, texture, and appearance. The rising number of cafes, hotels, restaurants, and other food service establishments around the world is impelling the market growth. These establishments are constantly innovating their menus to include new and appealing items, which often require specialized coatings to achieve the desired culinary effects.
The growing demand for natural and clean-label coating ingredients due to the rising trend of plant-based diets and organic food consumption is influencing the market positively.
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