The total value of the food coating ingredients market was $3.95 billion in 2021, and it will rise at a growth rate of 6.35 % in the future, to reach $6.87 billion by 2030.
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| Food Coating Ingredients Market Size Analysis Report |
The major reason for the growth of this industry is the increasing demand for processed and ready-to-eat food globally. Moreover, the snowballing demand for bakery products, confectionery products, and poultry and meat products is projected to propel the demand for the food coating ingredients in the future.
Browse detailed - Food Coating Ingredients Market Revenue Estimation and Growth Forecast Report
On the bases of product type, the sugars & syrups category held the largest share and is projected to continue its dominance in the coming years. Syrups and sugars have been used as coating materials in the food processing sector, as they offer qualities including a rich flavor, sweetness, and color to the materials being coated.
Additionally, the flours category will hold the second-largest share of revenue in the coming years, as flour is used for several purposes in bakery & confectionery products
In 2021, the liquid form category held the largest revenue share in the past and will grow at a significant rate in the coming years. Liquid coatings are majorly used in ice creams, flavored nuts, bakery products, and confectioneries, including granola bars and candy bars. These coatings contain fat-based formulations, which are melted before being applied to donuts, cakes, fruit pieces, sugar wafers, cookies, nuts, ice cream bars, and several other solid food products for adding needed flavors.
The meat & poultry products category is projected to grow at a significant rate in the coming years. One of the major reasons behind the growth of the food coating ingredients market are the growing usage of poultry and meat goods in North America.
Food coatings offer savory flavors and also crispy texture to these products. That is why the growing consumption of fried and crispy chicken coated with crumbs and batter is contributing to the growth of this industry.
North America had the largest market share in the recent past. The presence of enhanced food coating technologies like coat food products mechanized equipment are present in the region. The people of Canada and the U.S. like salty and crispy foods, including corn chips and potatoes, coated with dry ingredients.
APAC is projected to grow at a significant rate in the coming years. The growing demand for these materials from varied industries, rapid industrialization, and the snowballing government expenditure to let food processing corporations update their technologies are contributing to the surging demand for these additives.
Therefore, the increasing demand for processed and ready-to-eat food globally, and the growing population will contribute to the expansion of this industry.
