Food coating ingredients are added to various food products to improve their visual appeal. Food coating ingredients are used as toppings in various bakery and confectionary products including cakes, biscuits, cookies, chocolates, toffees and other products. Sugars & syrups, cocoa & chocolates, spices & seasonings, starches, hydrocolloids, fats & oils, crumbs, and flours are the most commonly used coating ingredients.
The global food coating ingredients market is growing rapidly mainly due to the growth of the processed food industry. The shift in consumption pattern is further leading to increasing the size of the food coating ingredients market. Moreover, factors such as the high inclination of the growing population towards the appearance of the product are escalating the market on the global level.
Acknowledging the rapid growth, the market is witnessing currently Market Research Future (MRFR) in its recently published study report asserts that the global food coating ingredients market is expected to perceive exponential growth by 2023, registering a fabulous CAGR throughout the forecast period (2018 – 2023).
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Key players leading the global food coating ingredients market include Cargill Inc. (U.S.), E. I. du Pont de Nemours & Company (U.S.), Ashland Global Holdings Inc. (U.S.), Agrana Beteiligungs Ag (Austria), Archer-Daniels-Midland Company (U.S.), Dohler Group SE (Germany), Tate & Lyle Plc. (U.K), PGP International Inc. (U.S.), Ingredion Incorporated (U.S.), and Kerry Group Plc. (Ireland) among others.
For ease of understanding, the market has been segmented into three key dynamics: –
By Type : Cocoa & Chocolates, Sugars & Syrups, Hydrocolloids, and Flours among others.
By Application : Bakery, Confectionery, Dairy, Frozen Foods, and Snack & Nutrition Bar among others.
By Regions : Asia Pacific, Europe, North America, and the Rest-of-the-World.
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The European region, heading with the high consumption of processed and convenience food products will retain its dominance over the global food coating ingredients market. Growing further, over its previous growth records by 2023 the region is expected to create a more significant revenue pocket in the global market.
Countries such as France, Italy, Germany, and the UK, are major contributors fuelling the growth of the regional market with the presence of a large F&B industry and the well-established market players in these countries. Moreover, factors such as the increasing disposable income alongside the burgeoning pharmaceuticals industry led by the resurging economy in the region positively influence the growth of the food coating ingredients market.
The food coating ingredients market in the North American region accounts for the second-largest market, globally. Factors such as the presence of major end-use industries like food processing and beverages and the continuous R&D efforts led by the well-developed economy foster the growth of the regional market. Moreover, the increasing demand for fast and processed food products is a key driving force behind the growth of the food coating ingredients market in North America.
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