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Description
The global food coating market estimated to be valued around US $ 6.16 Bn in 2021 and poised to grow at significant CAGR of 5.5% over 2022-2028. Due to rising in the demand for processed food and dietary food in several regions has led to the widespread use of food coating agents in the food and beverage sectors. In addition, to enhance the organoleptic properties, appeals, preservation and increase shelf life of the food rising in the use of food coating agents by various food industries. Growth in the technological advancement in biotechnology to the focus on natural food coating ingredient boost the growth of the food coating market. However, High cost of food coating devices and concerns related with harmful effects of consumption of junk diet are the major factors that hinder the growth of the food coating market. Global food coating market is surging owing to frequent acquisitions and launchings by the market players. In April 2019, Cargill Incorporated introduced world’s first fillings and coatings that also includes rainforest alliance certified coconut oil, that are sourced through a sustained mass balance model.
