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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.
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.
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.
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.
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.