Food Coatings Market, By Type (Cocoa & chocolate, Fats & oils, Flours, Breaders, Batter, Sugars & syrups, and Salts, spices, and seasonings), By Application (Confectionery products, Bakery products, Snacks, Meat & seafood products, and Breakfast cereal), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI286919 | Publish Date: April 2024 | No. of Pages: 180

Global Food Coatings Market By Overview

Introduction:

Food Coatings Market was valued at US$ 3.4 billion in 2024 and is projected to grow at a CAGR of 6.40% to reach US$ 6.0 billion by 2034.

Food coating technique refers to the process of adding a layer of substances to the surface of food products to enhance its texture, flavour, appearance, and shelf life. Meat, poultry, fish, vegetables, fruits, and bakery goods are few of the food products to which the coating can be applied. It can be applied dry or wet. The growing demand for processed foods, convenience foods, and ready-to-eat meals has led to a steady growth in the food coating business in recent years. In order to improve food items' sensory appeal, increase their period of storage, and act as a barrier against pollutants such as moisture and oxygen, food coating is frequently utilized in the food businesses.

Various items, including meat and poultry, seafood, vegetables, snacks, and baked goods, are coated with these coatings. To obtain the required taste, texture, and appearance, each category needs a unique coating solution. In addition, coatings are made with wheat, batters, marinades, spices, oils, fats, sugars, and even chocolate.

The market for food coatings has expanded gradually as a result of growing urbanization, shifting lifestyles, and rising disposable incomes. The global sales of coated food products have increased as a result of consumers' desire for novel eating experiences. Furthermore, the market for food coatings has consistently expanded due to the rising trend of premium dining experiences and the growing need for convenience meals.

However, fluctuating raw material prices and consumers' growing concerns about their health, especially with regard to high-calorie and high-fat coatings, are increasing demand for healthier substitutes, which is constricting the target market growth.  

Introduction - Food Coatings Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Food Coatings Market By Dynamics

Food Coatings Market Key Drivers:

Changing Buyer preferences

  • The need for distinctive culinary experiences and changing customer tastes are driving growth in the worldwide food coating market. Coated food products are becoming increasingly common as consumers seek out new tastes, textures, and looks. Demand for products that emphasize providing unique flavour experiences and aesthetically pleasing options, such as crispy snacks, breaded proteins, and confectionary items, are indicative of this trend.

Growing customer demand for convenience and processed meals

  • The rising demand for ready-to-eat foods is expected to fuel growth in the global food coating market. Also, the market will likely be pushed by a rise in the demand for convenience and processed foods, including drinks, baked products, candies, and other quick meals. Confectionery products, including fondant, pastries, and candies, has become much more popular in recent years. Also, the product's life is further extended by these coatings, which is also fueling the target market growth.

Food Coatings Market Restrains:

Cost fluctuations of raw materials and growing consumer concerns regarding their health

  • The world market for food coatings is mostly dependent on a variety of raw ingredients, including starches, wheat, fats, and oils. The total cost of production for food coatings can be greatly impacted by the fluctuating prices of these commodities. Cost fluctuations for raw materials can occur suddenly and without warning due to various factors like supply chain interruptions, political turbulence, and variations in agricultural output.
  • Additionally, there is an increasing desire for better substitutes due to consumer health concerns, particularly those with high-calorie, high-fat coatings. Therefore, the market for food coatings is constrained by the growing customer preference for healthier food options.

Food Coatings Market Opportunities:

  • The increasing need for distinctive flavour profiles and a range of textures presents an opportunity for the worldwide food coating market to flourish. Diverse flavour sensations and innovative culinary experiences are drawing in a growing number of customers.
  • Additionally, manufacturers of food coatings are now given the chance to create coatings that enhance the overall sensory appeal of food products by incorporating a variety of flavours, seasonings, and textures. It is anticipated that manufacturers will create coatings with lower fat content, cleaner component profiles, and less oil absorption properties to appeal to consumers who are health-conscious. Coatings that are natural or organic benefit from this trend by drawing in consumers who want healthier options.

Global Food Coatings Market By Segmentation

Food Coatings Market is segmented based on type, application, and region.

Type Insights               

  • Cocoa & chocolate: Cocoa & chocolate is used for things like baked goods, desserts, and snack items, which makes them the preferable option. Furthermore, chocolate and cocoa products are in higher demand in the market because of their sensory and visual appeal.
  • Fats & oils: Fats & oils is used in numerous applications, such as fried meals, bakery goods, and snack items, wherein the fats & oils segment commands for a sizeable portion of the food coating industry.
  • Flours: Flours of grains such as wheat, corn, rice, or other cereals are used to make flour-based coatings, which give baked and fried foods a crunchy, brownish-gold exterior.
  • Breaders: Breaders are used before frying or baking, where food products are coated and breaded with breader coatings, which are made of flavored breadcrumbs, or other dry ingredients.
  • Batter: Batter is used prior to frying or baking, wherein food products are coated with a thick, consistent layer of batter, which is created from a combination of flour, starch, and other seasonings.
  • Sugars & syrups: Sugars & syrups type is a dominating segment in this sector for the target market. The rising popularity of processed and convenience meals, the creation of novel coatings made of sugar and syrup, and the expanding movement towards natural and clean label ingredients, are responsible for the expansion of this segment. They are an essential component of the food coatings since they are frequently employed in sweets, baked goods, and even in some savory applications.
  • Salts, spices, and seasonings: Salts, spices, and seasonings segment is anticipated to witness rise as consumer interest in regional cuisine and strong flavours would increase demand for creative spice mixes and seasoning options for food coatings.

Application Insights

  • Confectionery products: Confectionery products application type is a dominating segment in this sector for the target market. These goods are coated to improve their features like shelf life, texture, and flavor. Many people find confectionary foods enticing due to the distinct flavor experience and appealing visual look of the coating materials employed in these products, which range from chocolate layers to luscious sugar glazes.
  • Bakery products: Bakery products like cakes, pastries, and bread can all benefit from coatings to improve their look, feel, and freshness. As a result, innovation in long-lasting coatings is anticipated to be fueled by the growing demand for accessible baking goods.
  • Snacks: Snacks include convenience foods like popcorn, chips, and extruded snacks which are becoming increasingly common, and is driving up demand for a variety of coatings with flavor, texture, and aesthetic appeal. Therefore, functional coatings that have extra fiber or protein could be a developing field.
  • Meat & seafood products: Meat & seafood products frequently make use of food coatings to improve their texture, flavor, and look, with a variety of ingredients, including bread crumbs, batters, flours, and spices. Also, there is a growing trend for healthier coating options in the meat and fish items industry.
  • Breakfast cereal: Breakfast cereal include coatings made up of sugar which are still common because of the sweetness and crispy feel that it provides. It is anticipated that the market would witness an increase in healthy options that are coated with whole grains, nuts, and dried fruits in the near future.

Regional Insights:

Regional Insights - Food Coatings Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Food Coatings Market Regional Insights

  • North America market is estimated to witness a significantly high revenue share over the forecast period, owing to increasing demand for convenience meals, the existence of well-established food manufacturing businesses, and the rising trend towards natural and healthful dietary supplements.
  • Asia Pacific market is estimated to witness fastest revenue share due to increasing demand for processed and convenience food products which is being driven by the region's vast and quickly rising population. Furthermore, due to the growing urbanization in developing nations, their disposable income rises as well, driving up demand for premium food items. The rising demand for fried food items is also one of the main reasons behind the growth of this region.
  • Europe market is expanding steadily due to rise in organic and sustainable coatings which are being developed in response to strict laws and is facilitated by the growing demand for high-quality food products. Therefore, consistent increase is expected as a result of rising consumer health awareness.
  • Latin America market is an emerging region which is observing expanding urban population and growing awareness of global food trends that are anticipated to propel market growth. As a result, it is essential to focus on affordability and adjust to local preferences regarding the development of target market.
  • Middle East & Africa market is in its developmental stages and is estimated to be a rising industry with the ability to grow as the food processing sector develops. The improvement in infrastructure and rising consumer expenditure will be substantial factors for the target market growth.

Report Scope:

Attribute

Details

Market Size 2024

US$ 3.4 billion

Projected Market Size 2034

US$ 6.0 billion

CAGR Growth Rate          

6.40%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Cocoa & chocolate, Fats & oils, Flours, Breaders, Batter, Sugars & syrups, and Salts, spices, and seasonings

By Application - Confectionery products, Bakery products, Snacks, Meat & seafood products, and Breakfast cereal

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Food Coatings Market report based on type, application and region:

Food Coatings Market, By Type:

  • Cocoa & chocolate
  • Fats & oils
  • Flours
  • Breaders
  • Batter
  • Sugars & syrups
  • Salts, spices, and seasonings

Food Coatings Market, By Application:

  • Confectionery products
  • Bakery products
  • Snacks
  • Meat & seafood products
  • Breakfast cereal

Food Coatings Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Food Coatings Market By Key Players

The key players operating the Food Coatings Market includes, Marel, GEA, Kerry, Tate & Lyle, Newly Weds Foods, PGP International, ADM, Ingredion, Bowman Ingredients, and Manildra.

Global Food Coatings Market By Key Issues Addressed

Recent Development:                

  • In June 2023, CSM Ingredients announced that its Hi-Food unit would be entering the US market. Hi-Food is a Parma-based company that focuses on the development, research, and manufacturing of natural ingredients with added value for the food market.
  • In November 2022, Blommer Chocolate Co. and DouxMatok collaborated to create Incredo sugar-based coatings, which reduce sugar in a variety of food processing processes, such as moulding, enrobing, and panning. The firms claim that their new range of milk, dark, and white coatings has a 50% lower sugar content (sugar alcohols) and was created without the use of polyols or high-intensity sweeteners. According to the Chicago-based Blommer firm, adding these ingredients can reduce sugar content in products by over 40%, including nut butter cups, bars, and chocolate chip cookies.
  • In April 2021, AgroFresh Solutions, Inc., a leader in the world of freshness solutions, announced the introduction of VitaFresh Botanicals – Life Ultra, an edible covering made of plants that preserves freshness while lowering food waste and loss.

Global Food Coatings Market By Company Profile

  • Marel*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GEA
  • Kerry
  • Tate & Lyle
  • Newly Weds Foods
  • PGP International
  • ADM
  • Ingredion
  • Bowman Ingredients
  • Manildra                                                                            

“*” marked represents similar segmentation in other categories in the respective section.

Global Food Coatings Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Cocoa & chocolate
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Fats & oils
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Flours
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Breaders
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Batter
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Sugars & syrups
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Salts, spices
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • seasonings
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Confectionery products
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Bakery products
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Snacks
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Meat & seafood products
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Breakfast cereal
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Marel
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GEA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  •  Kerry
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tate & Lyle
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Newly Weds Foods
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PGP International
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ADM
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ingredion
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bowman Ingredients
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Manildra
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word             

  • Future Impact
  • About Us
  • Contact

FAQs

The food coatings market report segmented into type, application, and region.

Factors driving market growth include the demand for enhanced texture and flavor in food products, technological advancements in coating ingredients, and the increasing popularity of coated and fried food items.

Global restraints may involve health concerns related to fried and coated foods, regulatory challenges in ingredient approvals, and the impact of consumer trends favoring healthier alternatives.

The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is estimated to dominate the Food Coatings Market, witnessing a significantly high revenue share over the forecast period.

The key players operating in the food processing and ingredients industry include Marel, GEA, Kerry, Tate & Lyle, Newly Weds Foods, PGP International, ADM (Archer Daniels Midland Company), Ingredion, Bowman Ingredients, and Manildra.