Press release
Coatings and Fillings Market Analysis 2018, Major Key Players Reviews – Cargill, Incorporated, Archer Daniels Midland Company, Domson Ltd, DuPont Nutrition & Health, Barry Callebaut
Coatings and fillings are gaining popularity in various industries for its attribute of adding taste, texture, and flavor to the food products. The major role of coatings and fillings to improvise the appearance of the food products is attracting huge population, which is boosting the growth of the market. Changing lifestyle, increasing disposable income, and changing consumption pattern are some of the major factors contributing to the growth of the coating and fillings market.
High inclination towards baked and confectionery products in developing countries is further boosting the growth of the coatings and fillings market. The high content of fat and calories in coatings and fillings is restraining the growth of the market among obesity and diabetes population. However, sugar-free and natural flavoring innovations made in this market has paved an opportunity for the growth of the coatings and fillings market. All these factors are projected to contribute to the estimated CAGR of 5.9% of coatings and fillings market during the forecast period 2017-2023.
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Key Players
Some of the key players profiled in the global coatings and fillings market are Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Domson Ltd (U.K.), DuPont Nutrition & Health (Denmark), Barry Callebaut (Switzerland), Belgostar (Belgium), Tate & Lyle (U.K.)
Regional Analysis
The global coatings and fillings market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Europe is dominating the market followed by North America. Technological advancements and continuous innovations are some of the major factors driving the coatings and fillings market in Europe. In North America, the U.S. is prominent in consumption of coatings and fillings.
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