Get a free sample of Food Coating Ingredients Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Food Coating Ingredients Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Food Coating Ingredients Market Size
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.
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.
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.