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Food Coatings Market Opportunities, Segmentation, Assessment and Competitive Strategies by 2032 | CAGR of 7.0%

01-20-2023 06:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Analytics Market Research

Global Food Coatings Market

Global Food Coatings Market

Food Coating Market was valued at USD 4.5 billion in 2021 and is poised to grow at a significant CAGR of 7.0% over 2022-2028.

The research offers a fundamental overview of the market, complete with definitions, categorizations, and industry chain diagrams. The Food Coatings market analysis for the global markets is provided, together with information on key regions' development trends, competitive landscape analysis, and market size. In addition to discussing development policies and plans, manufacturing procedures and cost structures are also examined. The consumption of imports and exports, supply and demand, price, revenue, and gross margins are also included in this report.

The global food coating industry is growing because to consumer choice shifts toward better diets and rising consumption of fried food and bakery goods in developed countries. Antimicrobial coating forces manufacturers of food coatings to experiment with novel substances, which raises demand for the good internationally. Growth in the food and food processing sectors will be the primary driver of the market for food coating components. The market for food coatings is expanding as a result of the increasing demand for foods that can be kept tasty and fresh for longer periods of time. The market is probably being pushed by rising demand for processed, convenience, and ready-to-eat foods like sweets, drinks, quick dinners, and baked products.

Consumption of confections including fondant, pastries, and sweets has increased dramatically in recent years. The product's life is also extended by the coatings. A time-consuming procedure used in traditional coating operations is manual dipping. In order to fulfil the growing demand for confectionary products, technology is quickly developing to accelerate production and remove time-consuming processes.

The worldwide food coating market is also anticipated to gain from rising total retailers. The increased popularity of ready-to-eat foods is expected to spur growth in the global food coating sector. The popularity of modern shopping is increasing, which is why there are more supermarkets and hypermarkets. Nowadays, people prefer supermarkets and hypermarkets, which has increased the sale of meat and poultry as well as confections.

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Global Food Coatings Market: Segmentations

Global Food Coatings Market: By Key Players
Marel
GEA
Bühler
JBT
TNA
Clextral
Dumoulin
Spice Application Systems
Cargill
Kerry
Tate & Lyle
Newly Weds Foods
PGP International
ADM
Ingredion
Bowman Ingredients
Manildra

Global Food Coatings Market: By Types
Dry
Liquid

Global Food Coatings Market: By Applications
Snacks
Bakery Products
Bakery Cereals
Meat & Seafood Products

Global Food Coatings Market: Regional Analysis
The countries covered in the regional analysis of the Global Food Coatings market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Market Drivers

• The market is primarily driven by factors like rising demand for food products like meat, seafood, poultry, bakery goods, snacks, and confectionery goods as well as processed and convenience foods. There is also more emphasis on improving food production efficiency, processing speed, and product quality. For instance, the volume of fresh food consumed in the US rose by about 1% in 2017 to reach 75,078.8 Kilotons.
• The market expansion, however, may be hampered by increased manufacturing costs brought on by variable component prices and consumer preferences for fresh foods.
• The global market for food coatings would also benefit greatly from expanding investment opportunities in the development of innovative food coating technologies.

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• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
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