About Food Coatings
Food Coatings is basically covering of food products using other food ingredients based liquid or powder coatings. This coatings offer the original food products with added flavours, textures and decorations. The coating products themselves can be categorised into natural products such as honey, sugar or processed products such as chocolate, sauces, etc. The rise of processed food products industry has impacted heavily on the growth of the food coatings market. This Food coatings are later used in bakeries, confectionaries, dairy, etc. With Processed Meat and Seafood being most trending and steadily rising in popularity. Currently, North America is the biggest market for food coatings although Asia Pacific is steadily catching up.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.7% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill Inc. (United States), Agrana Beteiligungs-Ag (Austria), Associated British Foods PLC (United Kingdom), Archer Daniels Midland Company (United States), Ingredion Inc. (United States), Kerry Group PLC (Ireland), Cooperative Royal Avebe U.A. (Netherlands), Tate & Lyle PLC (United Kingdom), Pioneer Foods (South Africa) and JBT Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Buhler AG (Switzerland), Solina Group SAS (France) and Newly Weds Foods (United States).
Segmentation Overview
AMA Research has segmented the market of Global Food Coatings market by Type (Sugars and Syrups, Cocoa and Chocolates, Fats and Oils, Spices and Seasonings, Flours, Batter and Crumbs and Others), Application (Bakery and Confectionary, Dairy, Meat and Others) and Region.
On the basis of geography, the market of Food Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Food Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Food Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Food Coating Machines , the sub-segment i.e. Conveyor will boost the Food Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Liquid Coating Segment has the Highest Market Share in Food Coating Market
Market Growth Drivers:
Growing Investments in Processed Food Market and Innovation in Advanced Food Coating Technology
Challenges:
Irregularities in Ingredient Prices Restrains the Growth of the Food Coating Industry
Restraints:
Stringent Regulatory Framework in Developing Countries
Opportunities:
Meat Segment should be Highly Capitalised by Players because of Rising Demand for Packaged and Processed Meat
Market Leaders and their expansionary development strategies
In 2019, Ingredion Inc., a major producer of starches and specialty ingredients, announced plans to acquire DuPont Nutrition & Health's food coatings business. This merger aimed to strengthen Ingredion's position in the food coatings market.
In November 2021, Dow Chemical Company and Archer Daniels Midland Company (ADM) entered into a strategic alliance to develop and deliver innovative food coatings solutions
Key Target Audience
Food Coatings Producers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.