Market Analysis
The global food coating ingredients market is predicted to grow at a 6.9% CAGR between 2017-2023, reveals the latest Market Research Future (MRFR) report. Food coating ingredients are added in food products for adding flavor, texture, and taste along with improving its appearance. Some of the most widely used food coating ingredients include flours, crumbs, fats and oils, hydrocolloids, starches, spices and seasonings, sugars and syrups, and cocoa and chocolates. It has a wide range of applications, including beverages, sweet and savoury snacks, dairy and frozen desserts, and bakery and confectionery. Besides, it is available in different forms, including chunks, granule, powder, and granule. Various steps, such as application, stabilization, and coalescence, are used in the process at the time of applying these coating ingredients to foods.
Various factors are propelling the food coating ingredients market growth. These factors, as per the new Market Research Future (MRFR) report, include increasing demand for processed food, changing taste preference, shortage of time due to busy lifestyle have led to the demand for convenience or ready-to-eat foods, growing popularity of junk food especially among teenagers, and increasing popularity of low saturated fats in confectionery coatings. Additional factors pushing market growth include booming food and food processing industries, consumers changing lifestyles, increasing per capita income, growing demand for confectionaries especially chocolates and toffees, burgeoning demand for health and wellness food, growing inclination towards baked products, availability of natural and sugar-free coating, technological advancements and enhancements of products.
On the flip side, immense fats and calories present in food coating ingredients may hamper the food coating ingredients market growth over the forecast period.
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Market Segmentation
The MRFR report provides an all-inclusive segmental analysis of the food coating ingredients market on the basis of application and type.
Based on type, the food coating ingredients market is segmented into flours, crumbs, fats and oils, hydrocolloids, starches, spices and seasoning, sugars and syrups, cocoa and chocolates, and others. Of these, the cocoa and chocolate segment will have the largest share in the market over the forecast period chiefly on account of the health benefits of consuming cocoa and chocolates.
Based on the application, the food coating ingredients market is segmented into snack and nutrition bar, RTE meals, frozen foods, confectionery, bakery, and others. Of these, the bakery segment will dominate the market over the forecast period.
Regional Analysis
By region, the food coating ingredients market report covers the latest trends and growth opportunities across Europe, North America, the Asia Pacific, and the Rest of the World. Among these, Europe will dominate the market during the forecast period owing to the increasing consumption of confectionery and dairy food products in the region, constant innovations, and technological advancements.
The global food coating ingredients market in North America is predicted to have a healthy growth over the forecast period. Factors aiding growth in the market include the use of superior food coating technologies, use of automatic equipment, growing demand for confectioneries and meat & poultry products, diversified consumer base, and a substantial increase in snacks, cereals, vegetables, and fruits. The US is the chief contributor in this region.
The food coating ingredients market in the APAC region is predicted to grow at the fastest pace over the forecast period. Factors aiding growth in the region include growing demand for processed food products, rising disposable income, increasing population, changing lifestyle, and increasing application in different food and beverage products.
The food coating ingredients market in the RoW is predicted to have a stable growth over the forecast period.
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Key Players
Major players profiled in the food coating ingredients market report include Kerry Group Plc. (Ireland), Ingredion Incorporated (US), Tate & Lyle Plc. (UK), PGP International Inc. (US), Dohler Group SE (Germany), Agrana Beteiligungs Ag (Austria), Archer Daniels Midland Company (US), Ashland Global Holdings Inc, (US), Cargill Inc. (US), and I. Du Pont de Nemours and Company (US).
Industry News
September 2019: Flint Group has unveiled the newest coatings and inks for food applications.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Market OverviewCoatings and fillings is an application of a layer of any substance on the food products, which adds taste, texture, and flavor and also improves the appearance of the product.
They are applicable in various industries such as bakery and confectionery, dairy and frozen desserts, sweet and savory snacks, beverages, and others.
Moreover, they are applicable in different forms such as liquid, powder, granular and chunks, and others.Market ForecastCoatings 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.
The high content of fat and calories in coatings and fillings is restraining the growth of the market among obesity and diabetes population.
Bakery and confectionery segment is dominating the market owing to rising demand for baked and confectionery products in developed countries.
Fruits are either spray dried or freeze dried to obtain free flowing powder.
The nutritional value of the fruits such as antioxidant, minerals and vitamins are present in its powder form, which is gaining fruit powder popularity among various industries.
The use of fruit powders is applicable in various industries including bakery and confectionery, dairy and frozen desserts, beverages, food supplements, and others.
Access Report Details @ https://www.marketresearchfuture.com/reports/fruit-powders-market-5111Market Forecast:Fruit powder is a natural source of high nutritional product, a convenient and economical substitute to fresh fruits, which is driving the growth of the market.
Moreover, side effects caused by artificial flavors has opened doors for fruit powders, being a natural source of adding flavor to food and beverages.
Increasing health issues among the population and their inclination towards functional foods is further boosting the growth of the Fruit Powders Market Size.Growing awareness among the population for the health benefits associated with fruit powders is propelling the growth of the market.
Healthy smoothies serves as a good natural detoxifier, owing to high antioxidants content.
Commercially available healthy smoothies in the market have key ingredients as flax, chia seeds, papaya extract, and spinach.Competitive AnalysisThe major players in the Healthy Smoothies Market are:Bolthouse Farms, Inc. (U.S.)Barfresh Food Group (U.S.)Innocent Drinks (U.K.)Smoothie King (U.S.)MTY Food Group (Canada)Crussh Juice Bars (Australia)Freshens (U.S.)Market ForecastHealthy smoothies are prepared from fruits, vegetables and seeds which are rich in vitamins, nutrients and other minerals.
Flax and chia seeds are rich in fiber and Omega-3 fatty acids which promote good heart health.
Increasing urbanization, owing to high demand for healthy drinks is majorly driving the growth of the global healthy smoothies market.Additionally, all these factors are projected to contribute to the estimated CAGR of 10.2% of healthy smoothies market during the forecast period 2017-2023.
Access Report Details @ https://www.marketresearchfuture.com/reports/healthy-smoothies-market-4680Downstream AnalysisHealthy smoothies is segmented on the basis of type, which includes, fresh and processed healthy smoothies.
Among all the functional ingredients, fruits and vegetables is dominating the market because of easy availability of fruits and vegetables.
Market forecast:Global Dried Fruits Market is estimated to be valued at USD 9,081.70 Million by 2026, registering a CAGR of 4.41% during the forecast period.
Growing health concerns and the shifting lifestyle of the consumers are the significant factors responsible for the growth of functional beverages, both in developed and developing economies.
Furthermore, dried fruits find application in various industries, including bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, and breakfast cereals, with bakery and confectionery being the largest application industry.The Rest of the World was the largest market for dried fruits in 2019, and the region is expected to continue the dominate the global dried fruits market during the review period.
Furthermore, the dominance of some of the key industries, such as beverages, bakery, confectionery, and sweet and savory snacks, is further anticipated to proliferate the market growth of the Rest of the World during the review period.Key Players of Dried Fruits MarketMarket Research Future recognizes National Raisin Company (US), Kiantama Oy (Finland), Red River Foods Incorporated (US), Tarina Foods (US), Sunbeam Foods Pty Ltd (Australia), Dole Food Company Inc (US), Sun-Maid Growers of California (US), Lion Raisins Inc (US), Paradise Fruits (Germany), and Bergin Fruit and Nut Company Inc. (US) as the Key Players in the Global Dried Fruits Market.The global dried fruits market is expected to register a notable growth rate during the forecast period.
Furthermore, the growing application of dried fruits in various industries is supporting the growth of the global dried fruits market.
However, the organic segment is projected to be the fastest-growing segment during the forecast period.Based on application, the market has been segmented into bakery and confectionery, dairy and frozen desserts, breakfast cereals, beverages, sweet and savory snacks, and others.
