- Cocoa & Chocolate
- Fats & Oils
- Sugars & Syrups
Food Coating Market was valued at USD 4.5 billion in 2021 and is poised to grow at a significant CAGR of 7.0% over 2022â€“2028. The shifting of consumer preference toward healthier diets and consumption of fried food and bakery items are increasing in developed nations, boosting the global food coating market. Antimicrobial coating pushes the food coating business to experiment with new ingredients, which increases global demand for the product. The food coating ingredients market will be driven by growth in the food and food processing industries. The growing need to keep food fresh and flavorful for more extended periods also adds to the development of the food coating market. The market is likely driven by increased demand for ready-to-eat, processed, and convenience foods such as confectioneries, baked goods, drinks, and other quick meals. In recent years, the consumption of confectionery, such as fondant, pastries, and sweets, has expanded exponentially. The coatings also enhance the life of the product. Manual dipping is a lengthy process were part of the traditional coating operation. Technology is fast progressing to boost production and eliminate time-consuming procedures to meet the increased demand for confectionery items. Furthermore, the global food coating industry is expected to benefit from increasing total retailers. The global food coating industry is predicted to develop due to the growing popularity of ready-to-eat foods. The number of hypermarkets and supermarkets is growing with the rising popularity of modern shopping. People now prefer hypermarkets and supermarkets, expanding the sale of confectioneries and meat and poultry. Market participants are increasing production and investing heavily in R&D to create improved technologies because of the rising demand for such items. As a result, the worldwide food coating industry is expected to grow in the coming years.
Fastest Growing Market
Food coating ingredients are used in various applications, including meat, snacks, bakery items, and morning cereal. Because of the fast-changing and busy lifestyles of consumers and rapid urbanization, there is a high demand for ready-to-eat and ready-to-cook meat, confectionery products, and bakery food products, which are processed foods that take less time and effort to prepare while still providing nutrition and durability. Furthermore, expanding consumer preferences for protein-based foods, the popularity of frozen foods, and increased snacking frequency boost demand for these items in the market. Increased product releases have resulted in increased demand for gluten-free flours and other bakery ingredients, which has fueled the need for food coating components. Ingredient price increases and consequent volatility have emerged as significant bottlenecks in the food coating industry. The high cost of ingredients has resulted in increased manufacturing costs, which has hampered the manufacturer's adoption of new coating technologies due to reduced margins and a longer time to break even for food makers.
The food coating market is 7.0% during the forecast period (2022-2028)
Agrana Group, Cargill, Dumoulin, Clextral, Dohler Group
North America is is the fastest-growing region for food coating market