Food Coating Market

Food Coating Market - Overview

The global food coating market is anticipated to expand at a promising rate from 2021 to 2031 (forecast period). The global food coating market is projected to grow due to the rising demand for processed and ready-to-eat food products. Moreover, increasing demand for food products such as baked goods, chocolates, confectionery, snacks, and others is likely to drive the worldwide food coating market in the coming years. Aside from this, the need for antimicrobial coating is pushing the global food coating market players to develop new coating components for food products.

Food Coating Market - Competitive Landscape

Key players active in the global food coating market are Cargill (US), JBT Corporation (US), Kerry Group (Ireland), Newly Weds Foods (US), Ingredion Incorporated (US), Tate & Lyle PLC (UK), Archer Daniels Midland Company (US), Bowmen Ingredients (UK), PGP International (US), Marel (Iceland), Buhler AG (Switzerland), and GEA Group (Germany).

To expand and strengthen their global reach, key market players are actively pursuing numerous strategies such as investments, collaborations, acquisitions, technological innovations, and R&D activities.

In February 2020, Innovation Utility Vehicle (IUV) released a new edible-biodegradable coating that extends the life of food without the use of plastic packaging.

Food Coating Market - Trends and Opportunities

Increased demand for ready-to-eat, processed, and convenience foods such as confectioneries, baked goods, beverages, and other ready meals are expected to drive the global food coating market. Confectionery consumption, including fondant, pastries, and candies, has increased at an exponential rate in recent years. This increase is attributed to greater demand from children and other populations. The demand for chocolate-coated products, in particular, is at an all-time high among children. These coatings also extend the product's life span. The old coating procedure involved manual dipping as well as a time-consuming process. Nowadays, however, technology is rapidly advancing to increase production and reduce time-consuming processes to fulfill the growing demand for confectionery products.

Furthermore, the rise in total stores is projected to boost the global food coating market. The growing popularity of ready-to-eat foods is expected to fuel the expansion of the global food coating market. The number of hypermarkets and supermarkets is growing in tandem with the increasing shopping habit. People now prefer hypermarkets and supermarkets, which has resulted in a surge in the sale of confectioneries and meat and poultry items. As a result of the rising demand for such products, market participants are raising production and investing extensively in R&D to develop superior technologies. As a result, the global food coating market is anticipated to rise during the forecast period.

Food Coating Market - Regional Landscape

The North America food coating market is projected to expand during the forecast period due to the availability of advanced food coating technologies and mechanized equipment used to coat food ingredients. Moreover, consumers in the United States and Canada like salty snacks such as potato chips, which require dry coating. Aside from that, these nations prefer frozen food that needs a coating to keep it fresh for a longer period of time. Such factors are expected to bolster the food coating market growth in North America.

The food coating market in Asia Pacific is likely to witness growth during the forecast period. Rapid industrialization, rising demand from diverse applications, and increased government investment in assisting food producers and processors in modernizing their processes and technologies are expected to boost the regional market growth. Many multinational corporations are concentrating on these new areas and expanding their presence by establishing manufacturing plants, distribution centers, and R&D centers. Moreover, due to the government's favorable support and low labor costs, India is expected to experience significant growth, with numerous international firms making significant investments.