12th
December 2018 - The
Global Food Coating Ingredients Market is estimated to grow at a CAGR of 3.94%
over the forecast period as the scope and its applications are rising
enormously across the globe. Food Coating Ingredients play an important role in
products’ taste, development, texture, and arrangement. They act as a barrier
between the product and atmosphere, alter the functional properties of foods,
and control the surface moisture preventing the disintegration, adhesion, or
agglomeration of food. The ingredients used mainly as coatings in solid foods
are silicates, di- and monosaccharides, polyalcohol’s, modified starches, and
the other anti-wetting coatings.
The factors playing a major role in the growth of Food Coating
Ingredients are rising demand for ready to eat fried food and bakery products
and increasing popularity of fast food restaurants. Food Coating Ingredients
Market is segmented based on product type, application, and region.
Sugars & syrups, cocoa & chocolates, hydrocolloids, fats & oils,
starches, salt, spices & seasonings, batter & crumbs, and flours are
the product types that could be explored in Food Coating Ingredients in the
forecast period. Sugars & syrups sector accounted for the significant
market share of Food Coating Ingredients in 2017 and is estimated to continue
its dominance in the years to come. The reason being, they play an important
role as a sweetener, color, and taste of the food items.
The market may be categorized based on applications like meat &
poultry products, bakery products, fruits & vegetables, confectioneries,
snacks & nutritional bars, R.T.E. cereals, dairy products, and others could
be explored in the forecast period. Confectioneries sector accounted for the
significant market share of Food Coating Ingredients and is estimated to lead
the overall market in the years to come. Bakery products sector follow the
suit.
Globally, North America accounted for the significant market share of
Food Coating Ingredients and is estimated to lead the overall market in the
years to come. The reason behind the overall market growth could be growing
confectionary sector and rising demand for poultry & meat products.
Instead, Europe and the Asia Pacific are also estimated to have a
positive influence on the future growth. Europe is the second largest region
with significant market share. However, Asia Pacific is estimated to grow at
the highest CAGR in the forecast period. The aspects that may be ascribed to
the growth comprise growing population, rising demand for processed food
products, and rising disposable income. The developing countries like India and
China are the major consumers of Food Coating Ingredients in this region.
The key players of Food Coating Ingredients Market are Ingredion, AGRANA
Beteiligungs, Cargill, Archer Daniels Midland Company, and Bowman Ingredients.
These players are concentrating on inorganic growth to sustain themselves
amidst fierce competition.
Comments
Post a Comment