IMARC Group, a leading market research company, has recently releases report titled Food Coating Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the global food coating ingredients market share, growth, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is Food Coating Ingredients?
Food coating ingredients are substances used to enhance the sensory appeal, texture, taste, and shelf-life of food items. They include flour, starches, hydrocolloids, sugars, chocolates, fats, oils, and salts. They provide a protective layer that prevents damage to the food product during transport and handling. They help retain the nutritional value of the food item by preventing nutrient loss during cooking and processing. They regulate the moisture content in food items, preventing them from becoming too dry and soggy. They enable manufacturers to extend shelf-life, add nutritional value, and enhance sensory appeal. They are used in confectioneries, ready-to-eat (RTE) cereals, fried foods, bakery products, and snacks.
How Big Is the Food Coating Ingredients Market?
The global food coating ingredients market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
Global Industry Trends and Drivers:
The rapidly changing lifestyles and the increasing consumer preference for processed foods, convenience foods, and RTE products are catalyzing the demand for these ingredients to improve the shelf-life, taste, and texture of food. Additionally, advancements in food technology and the development of innovative products are favoring market growth. Apart from this, the rising demand for healthy food options is resulting in the escalating demand for coatings that offer nutritional benefits, such as fortification with vitamins, minerals, and probiotics. The expansion of the food service industry and the rising influence of food vlogging channels and websites is positively influencing the market. Furthermore, the leading market players are focusing on the development of coating ingredients made from whole grains and dietary fibers that help enhance the digestibility of the food product.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Type:
Breakup by Form:
Breakup by Application:
Breakup by Region:
The report provides a comprehensive analysis of the industry key players listed below:
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 and Tate & Lyle PLC.
Key highlights of the Report:
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