Food Coating Ingredients Market by By Ingredient, Application, Form & Region - Forecast 2022 - 2032
The global food coating ingredients market is set to witness growth at a CAGR of 6.4% between 2022 and 2032 and is anticipated to reach a valuation of around US$ 6.5 Bn by 2032.
Confectionery consumption, such as fondant, pastries, wafer bars, and sweets, is increasing, particularly for chocolate-coated products. Additionally, rising demand for these products has paved the way for numerous technologically improved procedures such as electrostatic coating.
Furthermore, with growing consumption of confectionary products, demand for liquid and solid food coating ingredients is expected to surge over the forecast period (2022-2032).
Key Takeaways from Market Study
On the basis of ingredient, sugars and syrups ingredient segment is anticipated to account for around 31.2% of the market share over the forecast period. North America food coating ingredients market is expected to witness a lucrative growth rate of 7.0% CAGR during the forecast period. The U.S. is expected to lead the growth in North America market, with sales accounting for 2/5th of the global food coating ingredients market through 2032 In terms of application, meat and seafood products is expected to hold a market share of over 23.6% in the forecast period
“Nutritional coatings industry is predicted to grow in response to rising consumer demand for low saturated fat confectionery coatings. On the back of this trend, coating ingredient manufacturers are capitalizing by demonstrating consistency and developing nutritional claims made on product labels.,” says a Future Market Insights analyst.
Competitive Landscape
Market participants are always pursuing strategic initiatives such as joint ventures and mergers and acquisitions. Key companies such as Ashland Inc., Archer Daniels Midland Company, and Dohler are expanding their global footprints and capabilities.
Meanwhile, other corporations are also attempting to diversify their product lines to gain a competitive advantage.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Food Coating Ingredients market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on Ingredient (cocoa & chocolate, fats & oils, flours, breaders, batter, sugars & syrups, salts, spices, and seasonings, others), by form (dry, liquid), by application (meat & seafood products, confectionery products, bakery products, bakery cereals, snacks) across seven major regions of the world.
For more insights @ futuremarketinsights.com/reports/food-coati..