Global Food Coating Ingredients Market by Product Types (Hydrocolloids, Spices, Salts, Fats & Oil, Syrups & Sugar, Cocoa & Chocolates, Starches, Flours, and Others), Applications (Vegetables & Fruits, Dairy products, Confectionaries, Meat

The global food coating ingredients market was valued at USD 2.6 billion in 2019 and is expected to reach USD 3.8 billion by 2026, expanding at a CAGR of around 6% during the forecast period, 2020 – 2026. The growth of the market is attributed to appealing aesthetics and flavor & crunch provided to the dish by the food coating. Food coating is a process of adding an additional layer of edible product either solid or liquid to enhance the look and convey new properties. It provides additional taste and texture to the food item. The process starts with application of the food ingredients by dosing, heating, cooling, and dispersing the coating ingredient, post application the product needs to be set in a right motion by drying, cooling, freezing and polymerizing to have a significant influence on end result.

Market Trends, Drivers, Restraints, and Opportunities:

• Rising consumption of confectioneries and cakes, and the establishment of small producers are some of the key trends fueling the growth of the market.
• Increasing pricing flexibility of the finished product due to enhanced taste and attractive sight of the product. This, in turn, boosts the growth of the market.
• Anti-microbial and organic ingredients increase the demand in the market due to its nutritive and natural features. Thus, driving the growth of the market.
• Stringent rules for clean label coatings ingredients by governing bodies are hampering the market growth.
• Increasing shelf life by proving natural preservation techniques in food and food processing industries is expected to drive the growth of the market.

Scope of the Report

The report on the global food coating ingredients market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report. AttributesDetailsBase Year2019Historic Data2015–2018Forecast Period2020–2026Regional ScopeAsia Pacific, Europe, North America, the Middle East & Africa, and Latin AmericaReport CoverageCompany Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Global Cake Pops Market Segment Insights:

On the basis of product types, the market is divided into hydrocolloids, spices, salts, fats & oil, syrups & sugar, cocoa & chocolates, starches, flours, and others. Hydrocolloids have captured the major market share in the market due to its ability to enhance shelf life and quality of the final product. It is made up of functional carbohydrates derived from the plants and are added primarily to uplift viscosity and texture of food products. Based on the applications, the market is fragmented into vegetables & fruits, dairy products, confectionaries, meat & poultry products, nutritional bars & snacks, bakery products, and others. Confectionery is leading the market due to higher demand for the products and being one of the largest buyers of the coatings in the market. Increasing preference towards confectionery consumption globally is steering the market growth due health nutrient coatings such as nuts, fruits, and hydrocolloids in the segment. In terms of regions, the market is segmented into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. Asia pacific is the current market leader in the segment and is expected to maintain the lead in the forecasted period. The growth of the market in the region is expected to grow due to increasing population and availability of variety cuisines across regions.

Competitive Landscape:

Major companies in the global food coating ingredients market includes The Archer Daniels Midland Company, Cargill, The Agrana Group, DuPont de Nemours Inc, Ingredion Incorporated, PGP International, SensoryEffects Inc, Kröner-Stärke GmbH, Döhler, and ASHLAND GLOBAL HOLDINGS INC. The market players are involved in developing healthy and attractive food coating to gain traction in market place. The companies are engaging in strategic acquisitions such as product launches, R&D, agreements, and collaborations to gain market share. Ingredion Incorporated has developed finest food coatings in the market with its robust innovation and expertise. PENBIND 100, a coating made up of potato starch having high viscosity and provides excellent binding capacity with excellent gel forming capability and stability without affecting texture and taste. It has also developed NATIONAL 4302, a modified food starch made from corn extracts to provide economical base for batter systems, it is designed to add range of textural properties to battered and fried food products specially in clear coat batters.

The global food coating ingredients market has been segmented on the basis of

Product Types

• Hydrocolloids
• Spices
• Salts
• Fats & Oil
• Syrups & Sugar
• Cocoa & Chocolates
• Starches
• Flours
• Others

Applications

• Vegetables & Fruits
• Dairy products
• Confectionaries
• Meat & Poultry products
• Nutritional bars & Snacks
• Bakery products
• Others

Regions

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• Latin America