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Asia-Pacific Food Coating Ingredients Market is Expected to Witness the Fastest Growth (8.7% CAGR) Globally During 2015 – 2020
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The growing demand for bakery products and up surging domestic bakery production in North America is intensifying the growth of the food coating ingredients market in the region. Western Europe is the largest food coating market in European region, as of 2015. The main reason for the growth of the food coating ingredients market in Western Europe is the existence of large number of end-user industries in the bakery and confectionery segment.
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The chocolate industry is growing at a rapid pace, which is offering considerable growth opportunities for the cocoa and chocolate segment in the Rest of the World market. The rapid industrialization and increasing disposable incomes are propelling the demand for food coating ingredients. With the increasing disposable income, the consumers are willing to pay extra for health enhancing products. The innovative new product development that effectively target the most pertinent consumer needs, such as meeting age-specific nutritional needs, and getting the best value and convenience are up surging the growth of the food coating market. The increasing population, along with growing disposable income is propelling the demand for end user industries, such as bakery and confectionery. The increasingly busy lifestyle and rapid urbanization are expected to drive the demand of products for on-the-go consumption.
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The major companies operating in the global food coating ingredients market include Archer Daniels Midland Company (ADM), Cargill Inc., E.I. du Pont de Nemours and Company, Ashland Inc., Ingredion Incorporated, Agrana Beteiligungs AG, Kerry Group, Döhler GmbH, PGP International Inc., and Balchem Corporation.
FOOD COATING INGREDIENTS MARKET SEGMENTATION
Food Coating Ingredients by Type
• Cocoa and Chocolates
• Fats and Oils
• Spices and Seasonings
• Flours
• Batter and Crumbs
• Starches
• Hydrocolloids
• Sugars and Syrups
• Others
Food Coating Ingredients by Application
• Bakery
• Confectionary
• RTE Cereals and Snack Bars
• Dairy
• Savory Snacks
• Frozen Foods
• Meat and Poultry
• Others
GEOGRAPHICAL SEGMENTATION
Food Coating Ingredients Market by Region
• North America
o The U.S.
o Canada
o Mexico
o Rest of North America
• Europe
o The U.K.
o Germany
o France.
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
• Rest of the World (ROW)
o Brazil
o Rest of RoW
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