Press release
Food Coating Market Size to Witness Steady Expansion Growth of USD 3.72 billion by 2029, Trends, Growth Statistics and Forecast
Food Coating Market Overview:The global food coating market is anticipated to expand at a promising rate from 2021 to 2031 (forecast period). The global food coating market is projected to grow due to the rising demand for processed and ready-to-eat food products. Moreover, increasing demand for food products such as baked goods, chocolates, confectionery, snacks, and others is likely to drive the worldwide food coating market in the coming years. Aside from this, the need for antimicrobial coating is pushing the global food coating market players to develop new coating components for food products.
The total global Food Coating Market is estimated to reach USD 3.72 billion by 2029, up from USD 2.25 billion in 2020, at a compound annual growth rate (CAGR) of 5.75%.
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Food Coating Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Cargill, Kerry Group, Archer Daniels Midland Company, Ingredion Incorporated, JBT Corporation, Tate & Lyle PLC, PGP International, Newly Weds Foods, Bowmen Ingredients, Marel, GEA Group, Buhler AG and Others
Recent Development
February, 2020: Innovation Utility Vehicle (IUV) announced the launch of new edible-biodegradable coating which will prolong the life of food without the need for plastic packaging.
In June 2018, Kerry invested in the expansion of its Wittstock breadcrumb manufacturing facility in Germany. This expansion will help the company to better serve its customers in the European region. The expansion is expected to involve the installation of a new crumb baking line and a warehouse extension.
In March 2018, Tate & Lyle PLC teamed up with HORN (California), a North America-based premier distributor of specialty ingredients and raw materials. Under this partnership, HORN distributes Tate & Lyle's specialty ingredients developed for the nutrition industry in the US. This will provide mutual growth opportunities and increased access to innovative products in the markets the company serves.
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Food Coating Market Segmentation:
Food Coating Market by Type, 2020-2029, (USD Millions)
Coaters & Applicators
Breader Applicators
Flour Applicators
Batter Applicators
Seasoning Applicators
Other Coaters & Applicators
Enrobers
Food Coating Market by Application, 2020-2029, (USD Millions)
Meat & Seafood Products
Confectionery Products
Bakery Products
Bakery Cereals
Snacks
Food Coating Market by Ingredient Form, 2020-2029, (USD Millions)
Automatic
Semi-Automatic
Food Coating Market by Mode of Operation, 2020-2029, (USD Millions)
Dry
Liquid
Growth Factors:
Increasing demand from the Food Coating industries
The growing use of Food Coating in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Food Coating Market
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Food Coating Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Food Coating Market Trends
- The report identifies, determines, and forecasts the Global Food Coating Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Food Coating Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Food Coating Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Food Coating Market.
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