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Global Starch Based Edible Coatings Market Analysis 2019 by Technological Progress, Regional Outlook And Forecast to 2025
Global Starch Based Edible Coatings Market 2019, Global Starch Based Edible Coatings Market Growth, Starch Based Edible Coatings
"Starch Based Edible Coatings Market by Source (Corn Starch, Potato, Sweet Potato, Cassava, Others), Application, Regions",and Global Forecast 2018-2025.
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Major players in the global starch based edible coatingsmarket areCargill Inc., Tate and Lyle PLC., Ingredion Inc., Archer Daniels Midland Company, Avebe, BENEO GmbH, RoquetteFreres, Flo Chemical Corporation, Millennium Starch India Pvt.Ltd, Tidecom Technology Co., Ltd, Ashland Inc., Royal DSM N.V., CP Kelco, Kerry Group PLC,Monosol LLC, and among others. In order to effectively participate in the highly competitive market as well as to expand their market footprint, major firms are preferring to take the mergers and acquisitions route. For instance, Kerry Group PLC in 2018, announced the acquisition of Southeastern Mills' North American coatings and seasonings business. This recent acquisition is anticipated complements Kerry's authentic taste portfolio and further develops the Group's industry-leading offering into the meat end use market.
Source segment is divided into corn starch, potato, sweet potato, cassava, others. As corn starch reinforced with glycerol and nutmeg oil nanoemulsion is being widely used in the food processing industry, the corn starch segment led the global starch-based edible coatings market with a 54.62% share of market revenue in 2017. Application is segmented into fruits & vegetables, meat, poultry & fish, dairy products, nutritional products, bakery & confectionery, others. Fruit and vegetable segment emerged as the largest application segment in the global starch-based edible coatings market with a 28.59% share of market revenue in 2017. This increased growth can be attributed to rising consumer preference for high-quality, minimally processed fresh foods, and vegetable products.
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Even though the superior efficiency and functional properties of the starch-based edible coatings and growing consumer preference for biodegradable food coatings are proving to be the driving forces for the market. The availability of cheaper alternatives and fluctuation in the raw material prices are anticipated to hamper the market growth.
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