Food Coating ingredients Market Outlook - Market size, segmentation, market share and competitive landscape (2016-2021)
The food coatings ingredient market is estimated to grow from USD$ 2.6 billion in 2015 to USD $ 3.6 Billion by 2020 with a CAGR of XX%. Food is coated for a variety of purpose such as to enhance flavor and texture, maintain rigidity and firmness of the food article , protect from bacteria, elongate shelf life etc.
Globalization of food has led to import and export of food articles across borders. It has become imperative to increase shelf life, maintain the quality of food and provide a similar rich taste experience at par with locally produced. Coating of food commodities helps to address this growing need. Growing urbanization, hectic and sedentary lifestyles are prompting consumers to opt for healthier alternatives of regular food. Food items are being coated with vitamins and nutrients to enhance the nutritional profile. Un Coated food articles are cheaper, have lower shelf life and prone to early degradation. Varied food regulations across the globe and stringent laws governing the food items pose a challenge for the market. Europe and North America are the largest market for food coating ingredients. The region is characteristic of high income population, hectic lifestyles , demand for convenience foods . Largest application is witnessed across bakery and confectionery industries that extensively use cocoa and chocolate, flours, sugars and syrups.
Key Deliverable of the study:
Market analysis for the Global food coatings Market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with overview of drivers, restraints and opportunities.
Extensively researched competitive landscape section along with list of key companies and their market shares.
Identification and analysis of the macro and micro factors that affect the Global food coatings Market on both global and regional scales.
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