Food Coating Market Size Projected to Garner USD 4.1 Billion by 2032 growing at 6.7% CAGR - Exclusive Report by Acumen Research and Consulting
The Global Food Coating Market Size is predicted to reach USD 4.1 Billion by 2032 from USD 2.1 Billion in 2022, at a CAGR of 6.7% between 2023 and 2032, as per the Acumen Research and Consulting
The food coating market has been growing steadily over the past few years due to the increasing demand for processed and convenience food products. Food coating is a process of applying a layer of different ingredients to food products to improve their texture, appearance, and taste. Food coatings can be categorized into different types, such as batter and breading, which are commonly used in the production of fried food products, including chicken, fish, and vegetables. Coatings can also be used to add flavors and nutrients to food products, as well as to extend their shelf life.
The growing trend of eating out and the increasing consumption of fast food products, coupled with the rising demand for ready-to-eat food products, are some of the major factors driving the growth of the food coating market. The demand for healthier and organic food products has also led to the development of new food coatings made from natural ingredients such as rice flour, cornmeal, and breadcrumbs. This has created opportunities for new players in the market to introduce innovative and healthier food coatings. Moreover, the growing trend of veganism and vegetarianism has also led to the development of plant-based food coatings made from ingredients such as pea protein, chickpea flour, and soy protein. These factors are expected to further drive the growth of the food coating market in the coming years.
Food Coating Market Statistics
- Global food coating market value was worth USD 2.1 Billion in 2022, with a 6.7% CAGR from 2023 to 2032
- North America food coating market share occupied around 38% in 2022
- Asia Pacific region is expected to expand at the highest CAGR between 2023 and 2032
- By ingredient type, the sugars and syrups servers segment captured the largest market share in 2022
- Increasing adoption of plant-based and vegan diets, propel the food coating market revenue
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Food Coating Market Trends
The food coating market is rapidly evolving, driven by changing consumer preferences and the need for manufacturers to develop innovative and sustainable products. One of the major trends in the market is the increasing demand for clean label ingredients, which are natural and free from artificial additives and preservatives. Consumers are becoming more health-conscious and are looking for food products that are healthier and made with ingredients they can trust.
Another trend in the food coating market is the growing popularity of plant-based and vegan food coatings. With the rise of veganism and vegetarianism, there is a growing demand for food coatings made from plant-based ingredients such as soy protein, chickpea flour, and pea protein. This trend is expected to continue in the future, as more consumers seek out sustainable and ethically sourced food products.
Sustainability is also becoming an important factor in the food coating industry. Many manufacturers are now looking for ways to reduce their carbon footprint and use more environmentally friendly materials in their products. This includes the use of biodegradable packaging materials and the development of food coatings that are made from sustainable and renewable sources.
Food Coating Market Segmentation
Acumen Research and Consulting has segmented the global food coating market by ingredient type, ingredient form, equipment type, application, and region.
- By ingredient type, the industry is categorized into cocoa and chocolate, breaders, fats and oils, sugars and syrups, flours, salts, spices, and seasonings, batter, and others.
- By ingredient form, the market is divided into dry, and liquid.
- By equipment type, the market is classified into coaters and applicators (breader applicators, seasoning applicators, batter applicators, flour applicators, and other), and enrobers.
- By application, the market is split into meat and seafood products, bakery cereals, bakery products, confectionery products, and snacks.
- By region, the market is classified into Asia-Pacific, North America, Europe, Latin America, and the MEA.
Food Coating Market Regional Overview
According to the food coating industry analysis, the Asia-Pacific is one of the fastest-growing regions in the market. The region has a large and rapidly expanding population, which is driving the demand for processed and convenience food products. Moreover, the rising middle class in countries like China and India has led to an increase in disposable income, which is fueling the demand for high-quality food products. One of the key factors driving the growth of the Asia-Pacific region is the increasing demand for fried food products. Fried food products such as fried chicken, fish, and snacks are popular in the region, and food coatings are essential in their production. The growing popularity of western-style fast food chains in the region has also contributed to the food coating market growth.
Food Coating Market Players
Some of the prominent food coating market companies are Cargill, Incorporated, Archer Daniels Midland Company (ADM), Kerry Group plc, Ingredion Incorporated, DuPont de Nemours, Inc., Ashland Global Holdings Inc., Tate & Lyle PLC, PPG Industries, Inc., The Dow Chemical Company, SensoryEffects, Bowman Ingredients, and Dohler Group.
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