Food Coating Market Projected to Reach $ 5,936.3 Million by 2023

05/mar/2019 10:29:05 MarketsandMarkets Contatta l'autore

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The report  " Food Coating Market  by Ingredient Type (Batter, Flours), Application (Bakery, Snacks), Equipment Type (Coaters & Applicators, Enrobers), Form (Dry, Liquid), Mode of Operation (Automatic, Semi-Automatic), and Region - Global Forecast to 2023 " USD 2.73 billion and USD 1.93 billion, respectively, in 2018 and are projected to reach USD 3.62 billion and USD 2.31 billion, respectively, by 2023, at a CAGR of 5.8% and 3.7% from 2018 to 2023. The market is driven by factors such as rising demand for meat and seafood, poultry, bakery products, and confectionery products, growing demand for processing, and quality of food products. two to changing consumer trends.

The cocoa & chocolate segment is expected to account for the largest share of the food coating market, by ingredient type, in 2018.

On the basis of ingredients, the cocoa & chocolate segment is estimated to be the largest share of the food coating market in 2018 followed by fats & oils. The demand for chocolate and chocolate is expected to accelerate the demand for chocolate and chocolate. This growth can be seen in emerging regions such as Asia Pacific, where two countries are expected to be expensive and ready meals. These factors have fueled the growth of this segment.

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Meat & seafood segment is estimated to be the largest market share in the food coating market, by application in 2018

The growing demand for crunchy & crispy products is stimulating the growth for breaded products in the meat and seafood industry, which shows a positive outlook for the growth in demand for breading in the food coating equipment industry. Further, the fast-growing economy, retail chains expansion, product competition in terms of taste and appearance, are expected to accelerate the demand for equipment in the food coating industry.

Semi-automatic segment for the food coating equipment market from 2018 to 2023.

The semi-automatic mode of food coating equipment is projected to grow at higher CAGR. Unlike fully automatic equipment which requires high-yield, semi-automatic equipment enables small- and medium-scale manufacturers to achieve high yields with consistent quality and without compromising on production efficiency. Developing countries such as India, Vietnam, Indonesia and China have several small and medium manufacturers. However, the market for semi-automatic systems is comparatively smaller than that of the former.

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North America is estimated to dominate the food coating ingredient market in 2018.

North America is expected to continue its dominant presence in the food coating The region is backed by superior food coating technologies and Utilizes automatic equipment. Consumers in the US and Canada majorly consume salty snacks such as potato chips, which need dry coating. Apart from this, these countries consume frozen food that requires coating for an extended shelf life. Consumers in this region opt for cereal as breakfast options where coating is applied. The US is also a huge market for confectionery products. These factors have fueled the growth of the food coating market in North America.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Marel (Iceland), GEA Group (Germany), Bühler AG (Switzerland), JBT Corporation (US), TNA Australia Pty Limited (Australia), Clextral (France), Dumoulin (France), Spice Application Systems (UK), Cargill (US), Kerry Group (Iceland), Tate & Lyle Plc (UK), Newly Weds Foods (US), PGP International (US), Archer Daniels Midland Company (US), Ingredion Incorporated (US) ), and Bowman Ingredients (UK).

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