Global Food Coating Ingredients Market Research Report: By Product (Cocoa & Chocolate, Fats & Oils, Flours, Breaders, Batter & Crumbs, Sugars & Syrups, Spices & Seasonings, Starches, and Hydrocolloids), By Form (Dry and Liquid), By Application (Meat & Poultry Products, Confectionery Products, Bakery Products, Ready to Eat Cereals, Fruits & vegetables, and Snacks), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis, and Forecast 2023-2031.
The Global Food Coating Ingredients Market size was valued at USD 8.48 billion in 2022, and is predicted to reach approximately USD 16.39 billion by 2031, at a CAGR of 7.6% from 2023 to 2031. Food coating ingredients encompass a variety of substances utilized to enrich the visual appeal, texture, flavor, and longevity of food items. These ingredients are typically administered as coatings or batters on diverse food products, including meat, poultry, seafood, vegetables, and more. Flour, starch, sugar, protein, gums, and fats/oils are frequently employed as common coating ingredients. They serve various purposes such as binding agents, adhesives, thickeners, and emulsifiers, and can be seasoned or flavored to augment the taste of the food. Furthermore, food coating ingredients can create a protective shield against moisture loss, oxidation, and microbial growth, thereby extending the shelf life of the products.
FOOD COATING INGREDIENTS MARKET: REPORT SCOPE & SEGMENTATION
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Report Attribute |
Details |
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Estimated Market Value (2022) |
8.48 Bn |
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Projected Market Value (2031) |
16.39 Bn |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Product, By Form, By Application, & Region |
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Segments Covered |
By Product, By Form, By Application, & Region |
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Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031 |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Global Food Coating Ingredients Market Dynamics
The food coating ingredients market is driven by several factors. These include the escalating demand for processed and convenient foods, the increasing consumer preference for crispy and crunchy food textures, and the growing awareness regarding the advantages of food coating ingredients in terms of prolonging shelf life and enhancing the sensory attributes of food products. Moreover, the market is propelled by the prevailing trend towards healthier and more natural ingredients, advancements in food technology, and the emergence of innovative coating ingredients that offer enhanced functionality.
Global Food Coating Ingredients Market Drivers
The rising consumer preference for ready-to-eat and easy-to-prepare food products has led to a higher demand for food coating ingredients. These ingredients help enhance the taste, texture, and appearance of processed and convenience foods.
Restraints:
The availability and cost of raw materials used in food coating ingredients can impact market dynamics. Fluctuations in raw material prices, along with supply chain disruptions, may pose challenges to manufacturers in terms of maintaining profitability and consistent product quality.
Opportunities:
With increasing consumer awareness of sustainability, there is a growing demand for eco-friendly food coating ingredients. Manufacturers can capitalize on this opportunity by offering sustainable sourcing practices, recyclable packaging, and environmentally friendly ingredients.
Segment Overview
By Product Type
Based on the product type, the global food coating ingredients market is segmented into cocoa & chocolate, fats & oils, flours, breaders, batter & crumbs, sugars & syrups, spices & seasonings, starches, and hydrocolloids. The sugars & syrups segment is dominating the market with the largest revenue share of around 23.7% in 2022. The sugars and syrups category accounted for the biggest market share in the food coating ingredients market for a variety of reasons. Sugars and syrups give a sweet taste and improve the flavor of food products, making them a popular choice for food coating. They also have a smooth and shiny surface, which is appealing to customers.
By Application
Based on the application, the global food coating ingredients market is segmented into meat & poultry products, confectionery products, bakery products, ready-to-eat cereals, fruits & vegetables, and snacks. The confectionery products segment is dominating the market with the largest revenue share of around 26.4% in 2022. Confectionery items such as chocolates, candies, and gum require a smooth and glossy surface, which food-coating additives may provide. Furthermore, the use of coating components in confectionery items improves the flavor, texture, and look of the product, making it more attractive to customers.
By Form
Based on form, the global food coating ingredients market is segmented into dry and liquid. In 2022, the liquid category emerged as the dominant segment in the food coating ingredients market, capturing the largest market share with around 64.6%. Compared to dry coatings, liquid coating components are simpler to use and provide superior food product adherence. Additionally, they offer a coating that is homogeneous and constant, which is crucial for obtaining the end product's ideal texture and look. Furthermore, liquid coating materials are more adaptable and may be applied to a variety of processes, such as deep frying, baking, and roasting.
Global Food Coating Ingredients Market Overview by Region
By Region, the global Food Coating Ingredients Market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America held approximately 45.2% market share in 2022. This growth is due to highly developed food sector that prioritizes innovation and product diversification, creating a strong demand for novel food coating ingredients. Furthermore, the increasing popularity of fast food and convenience meals has further fueled the need for high-quality food coating components in North America.
Global Food Coating Ingredients Market Competitive Landscape
The global food coating ingredients market is characterized by the dominance of a few prominent players who have established a strong regional presence. These key participants are dedicated to ongoing research and development initiatives and actively pursue strategic growth endeavors such as product development, launches, joint ventures, and partnerships. By implementing these strategies, these companies aim to enhance their market position, expand their customer base, and capture a significant share of the market.
Among the leading players in the global food coating ingredients market are Cargill, Inc., Archer Daniels Midland Company, Ingredion Incorporated, Kerry Group PLC, PPG Industries, Inc., Bowman Ingredients, Bunge Limited, Tate & Lyle PLC, Dohler Group, Agrana Beteiligungs-AG, Ashland Global Holdings Inc., DowDupont, SensoryEffects, McCormick & Company, Inc., Newly Weds Foods, Inc., Kikkoman Corporation, and various other key players. These companies play a crucial role in driving innovation, meeting customer demands, and shaping the competitive landscape of the market.
Global Food Coating Ingredients Market Recent Developments
In November 2022, Solina, a well-known European provider of savoury ingredient solutions for the food industry, has acquired Saratoga Food Specialties, a US-based firm, in order to extend its operations in North America. Solina is consolidating its footprint in the United States with this purchase, having previously established a foothold in the nation in 2021 with the acquisition of Asenzya, a developer of customized dry seasoning solutions located in Wisconsin..
Scope of the Global Food Coating Ingredients Market Report
Food Coating Ingredients Market Report Segmentation
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ATTRIBUTE |
DETAILS |
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By Type |
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By Application |
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By Form |
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By Geography |
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Customization Scope |
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Pricing |
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Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for the global food coating ingredients market segmented by product, by form, by application, region, and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of Food Coating Ingredients between 2019 and 2031.
To identify and infer the drivers, restraints, opportunities, and challenges for the global food coating ingredients market
To find out the factors which are affecting the sales of food coating ingredients among consumers
To identify and understand the various factors involved in the global food coating ingredients market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Intended Audience
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
