Home > Food & Beverages > Food Additives > Texturizers and Thickeners > Food Coating Ingredients Market
Food Coating Ingredients Market size was valued at USD 3.2 billion in 2022 and is estimated to expand at a CAGR of 6.3% between 2023 and 2032. The demand for convenience and ready-to-eat foods has increased significantly, driving the need for food coatings that enhance the texture, appearance, and taste of these products. Coatings help improve the crispiness and shelf life of processed foods. Food coatings add flavors, textures, and visual appeal to food products, meeting consumer preferences for enjoyable and indulgent eating experiences.
The popularity of processed and fried foods, such as chicken nuggets, French fries, and snacks, fuels the demand for food coating ingredients to achieve the desired texture and taste.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Food Coating Ingredients Market Size in 2022: | USD 3.4 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 6.3% |
2032 Value Projection: | USD 7.8 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 150 |
Tables, Charts & Figures: | 191 |
Segments covered: | Type, Application, Distribution Channel, Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
There is increasing consumer awareness and concern about the health and nutritional aspects of coated foods, especially those that are fried or heavily processed. The food industry is heavily regulated to ensure food safety and quality. Fluctuations in the prices of raw materials, such as oils, flours, and spices, can impact the cost of food coating ingredients.
The closure of restaurants, cafes, and other foodservice establishments during lockdowns and restrictions significantly reduced the demand for coated food products used in the foodservice industry. This decline in demand had a direct impact on the consumption of food coating ingredients. With lockdowns and social distancing measures in place, consumers shifted their food consumption patterns. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is set to drive the market growth.
With a growing emphasis on health and wellness, there is a rising demand for healthier food coatings. Manufacturers are developing coatings with reduced fat, salt, and calories, while maintaining taste and texture, to cater to health-conscious consumers. The rise of plant-based diets and vegan lifestyles has led to increased demand for plant-based food coatings that replace animal-derived ingredients. Plant-based coatings offer an appealing option for consumers seeking sustainable and ethical choices.
The food coating ingredients market from batter segment held over USD 0.62 billion revenue in 2022. Batter and breading mixes provide a quick and easy way to coat food items, making them suitable for ready-to-cook and convenience foods. These mixes can be customized with different spices, herbs, and seasonings to create a wide variety of flavor profiles.
The fried foods segment accounted for 40% of the food coating ingredients market share in 2022. Coatings are used to create a crispy and crunchy texture in fried and breaded food products, such as chicken nuggets, onion rings, and tempura. Breaded and coated products offer convenient, ready-to-eat options for consumers, contributing to their popularity in the fast-food and convenience food sectors.
The food coating ingredients market from supermarkets segment is anticipated to witness 5.8% CAGR through 2032. Supermarkets typically stock a diverse range of food coating ingredients, providing consumers with various options for different recipes and cooking needs.
U.S. food coating ingredients market size dominated around USD 0.8 billion in 2022. North America has a thriving snack food industry, including products like potato chips, extruded snacks, and coated nuts. The demand for food coating ingredients is driven by the popularity of these snack items among consumers.
Some of the major companies operating in the food coating ingredients market are:
These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Click here to Buy Section of this Report
Market, By Ingredient Type
Market, By Application
Market, By Distribution Channel
The above information has been provided for the following regions and countries: