Food Coating Market is projected to reach $ 5,936.3 million by 2023 - PowerPoint PPT Presentation

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Food Coating Market is projected to reach $ 5,936.3 million by 2023

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The North American region is expected to dominate the food coating market during the forecast period. The region is backed by superior food coating technologies and utilizes automatic equipment for coating food ingredients. – PowerPoint PPT presentation

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Title: Food Coating Market is projected to reach $ 5,936.3 million by 2023


1
MarketsandMarkets Presents
Food Coating Market worth 5,936.3 million by
2023
https//www.marketsandmarkets.com/Market-Reports/f
ood-coating-ingredients-market-168532529.html
2
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", The food coating ingredients
and equipment markets are estimated to be valued
at 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 seafood,
poultry, bakery products, and confectionery
products, growing demand for processed
convenience food, increased focus on production
efficiency, processing time, and quality of food
products, growing demand for innovative food
coating products due to changing consumer
trends. Browse 114 market data Tables and 45
Figures spread through 149 Pages and in-depth TOC
on "Distillers Grains Market - Global Forecast
to 2023 https//www.marketsandmarkets.com/Market-
Reports/food-coating-ingredients-market-168532529.
html
3
The cocoa chocolate segment is estimated to
account for the largest share of the food coating
market, by ingredient type, in 2018. On the
basis of ingredient type, the cocoa chocolate
segment is estimated to account for the largest
share of the food coating market in 2018 followed
by fats oils. The rapidly increasing demand for
chocolate products from multiple food
applications such as bakery products,
confectionery products, and convenience food are
expected to accelerate the demand for cocoa
chocolate food coating. This growth can be seen
in emerging regions such as Asia Pacific, where,
due to economic growth and improved income
levels, people are demanding more premium food
and ready meals. These factors have fueled the
growth of this segment. Meat seafood segment
is estimated to account for the largest market
share in the food coating market, by application
in 2018 On the basis of application, the meat
seafood segment is estimated to account for the
largest market share in 2018. The growing demand
for crunchy crispy products is stimulating the
growth for breaded products in the meat seafood
industry, which shows a positive outlook for the
growth in demand for breading applicators in the
food coating equipment industry. Further, the
fast-growing economy, retail chains expansion,
product competition in terms of taste
appearance, along with new product innovations in
the meat seafood industry, are expected to
accelerate the demand for equipment in the food
coating industry.
4
Semi-automatic segment is projected to grow at a
higher CAGR among the two modes of operation in
the food coating equipment market from 2018 to
2023. On the basis of mode of operation, the
semi-automatic mode of food coating equipment is
projected to grow at a higher CAGR. Unlike fully
automatic equipment which requires high capital
investment, semi-automatic equipment enables
small- and medium-scale manufacturers to achieve
high yield with consistent quality and without
compromising on production efficiency. Developing
countries such as India, Vietnam, Indonesia, and
China have several small and medium manufacturers
of coated food who utilize semi-automated
equipment. However, with the advancement in
technologies and the ease of operation provided
by fully automatic systems, the market size for
semi-automatic systems is comparatively smaller
than that of the former. 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 ingredients market during the forecast
period. The region is backed by superior food
coating technologies and utilizes automatic
equipment for coating food ingredients. 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.
5
Key Players in distillers grains market 1
Cargill 2 Kerry Group 3 Archer Daniels Midland
Company (ADM) 4 Ingredion Incorporated 5 Newly
Weds Foods 6 PGP International 7 Tate Lyle
PLC 8 Bowman Ingredients 9 Marel 10 GEA
Group 11 Bühler AG 12 JBT Corporation 13 TNA
Australia Pty Limited 14 Dumoulin 15
Clextral 16 Spice Application Systems  https//w
ww.marketsandmarkets.com/Market-Reports/food-coati
ng-ingredients-market-168532529.html
6

7
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8
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