SAN FRANCISCO, July 30, 2015 /PRNewswire/ --
The global food coating ingredients market is expected to
reach USD 4.44 billion by 2022,
according to a new study by Grand View Research, Inc. Growing
demand across several application segments, including
confectioneries, bakery products and meat & poultry products is
expected to drive the global food coating ingredients market over
the forecast period. Increasing penetration of processed food and
ready-to-eat food particularly in North American and European
countries is expected to fuel the market growth. Increasing
disposable income along with willingness to spend coupled with
population growth in emerging markets has driven confectioneries
and fast food serving restaurants including McDonalds & KFC.
Restrictions regarding food additives and preservatives are
expected to remain a key challenge for market participants.
Stringent food safety regulations imposed by European Union and FDA
are also expected to hinder the market growth.
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Browse full research report with TOC on
"Food Coating Ingredients Market Analysis By Product
(Cocoa & Chocolates, Fats & Oils, Salt, Spices &
Seasonings, Flours, Batter & Crumbs, Starches, Hydrocolloids,
Sugar & Syrups), By Application (Bakery Products,
Confectioneries, RTE Cereals, Dairy Products, Snacks And
Nutritional Bars, Fruits & Vegetables, Meat & Poultry
Products) And Segment Forecasts To 2022"
at:
http://www.grandviewresearch.com/industry-analysis/food-coating-ingredients-market
Sugar & syrups emerged as the leading product segment and
accounted for 30.2% from 2015 to 2022. Growing demand for bakery
and confectionery products across the globe is expected to remain a
key driving factor for this segment over the forecast period. Cocoa
& chocolates is expected to witness the highest growth of 6.8%
from 2015 to 2022.
Further key findings from the study suggest:
- Global food coating ingredients market size was valued at
USD 2,752.8 million in 2014 and is
expected to reach USD 4,441.6 million
by 2022, growing at a CAGR of 6.1% from 2015 to 2022.
- Confectioneries were the leading application segment and
accounted for 23.8% of total market revenue in 2014. Increasing
disposable income levels coupled with changing consumer lifestyle
particularly in Asia Pacific and
Latin America is expected to drive
this segment over the forecast period.
- North America food coating
ingredients market was the leading regional market and accounted
for 42.4% of total revenue in 2014. Stable demand for ready to eat
food particularly in the U.S. is expected to drive this region over
the next seven years. Asia Pacific
is expected to register the highest growth of 6.6% from 2015 to
2022. Growing meat consumption coupled with increasing demand for
bakery products particularly in India, China
and Indonesia is expected to drive
the regional market.
- Key market players include Archer Daniels Midland Company
(ADM), Agrana Beteiligungs-AG, Bowman Ingredients, Ashland Inc.,
Cargill Inc., Dohler, E. I. DU Pont DE Nemours and Company, Kerry
Group PLC, Ingredion Inc., PGP International, Inc., Sensoryeffects
Ingredient Solutions and Tate & Lyle PLC.
Browse more reports of this category by Grand View
Research:
http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
For the purpose of this study, Grand View Research has
segmented the Food Coating Ingredients Market
on the basis of product, application and
region:
- Food Coating IngredientsProduct Outlook (USD Million,
2012 - 2022)
- Cocoa & chocolates
- Fats & oils
- Salt, spices & seasonings
- Flours
- Batter & crumbs
- Starches
- Hydrocolloids
- Sugar & syrups
- Others
- Food Coating Ingredients Application Outlook (USD Million,
2012 - 2022)
- Bakery products
- Confectioneries
- R.T.E. cereals
- Snacks & nutritional bars
- Fruits & vegetables
- Meat & poultry products
- Others
- Food Coating Ingredients Regional Outlook (USD
Million, 2012 - 2022)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Central & South
America
Browse related reports by Grand View Research:
- Curcumin Market -
http://www.grandviewresearch.com/industry-analysis/turmeric-extract-curcumin-market
- Xanthan Gum Market -
http://www.grandviewresearch.com/industry-analysis/xanthan-gum-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company
provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant
and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
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