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Food Coating Ingredients Market Analysis
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.
How is fried food application boosting the demand in food coating ingredients industry?
Fried foods held a dominant market share of around 40% in 2022, as coatings are used to create a crispy and crunchy texture in fried food products.
What is the size of the food coating ingredients market?
The market size of food coating ingredients crossed USD 3.2 billion in 2022 and is estimated to reach USD 3.4 billion by the end of 2032, owing to the demand for convenient & ready-to-eat foods.
Who are the main players in food coating ingredients landscape?
Ingredion Incorporated, Tate & Lyle PLC, Ashland Global Holdings Inc., PGP International, Inc. (A Bunge Limited Company), Dohler Group, Bowman Ingredients, SensoryEffects (A division of Balchem Corporation), Bunge Limited, Continental Mills, Inc.
Why is the U.S. emerging as a lucrative growth avenue for food coating ingredients market players?
U.S. market accounted for a revenue of USD 0.8 billion in 2022, due to the thriving snack food industry, including products like potato chips, extruded snacks, and coated nuts.