Product Code: FB 2930
"Food Coating Market is projected to reach 5,936.3 USD Million by 2023 at a CAGR of 4.98% from 2018-2023. The food coating equipment and food coating ingredients markets are projected to grow at a CAGR of 3.7% and 5.8%, respectively."
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 a value of USD 3.62 billion and USD 2.31 billion by 2023, growing at a CAGR of 5.8% and 3.7% respectively, from 2018 to 2023. The market is primarily driven by factors such as rising demand for frozen breaded meat products, seasoned veggie chips with specialty flavors, along with premium confectionery products enrobed with chocolate and growing demand for processed and convenience food. However, rising costs of production due to increasing energy & labor costs and the growing demand for organic and fresh food products are some factors which are expected to restrict the growth of the food coating equipment market in the long run.
"On the basis of application, meat & poultry is projected to be the fastest-growing segment in the food coating market during the forecast period."
Based on the application of food coating, the meat & poultry segment is projected to grow at the highest rate. The expected rise in production units in countries such as the US, a shift in the consumption patterns, and preference for premium and chocolate & bakery products along with rise in demand for frozen meat products, and rise in the number of quick-service restaurants in some developing countries of Asia such as India, Indonesia, and Thailand are supporting the growth of meat & poultry coating.
"The automatic segment is projected to grow at the highest rate for the food coating equipment market during the forecast period."
One of the driving factors for the increasing use of automated food coating equipment is its ability to provide accurate coating. Automation of equipment in the food coating industry contributes to accurate coating, quick & reliable production processes, optimum utilization of time, reduced labor costs, and controlled operations. With the incorporation of automatic machinery, food coating can be carried out for a large number of products with comparatively lesser manpower, since this equipment functions automatically.
"North America and Europe are estimated to account for the largest share of the food coating ingredients and food coating equipment market, respectively in 2018"
North America is expected to dominate the food coating ingredients market in 2018 and is projected to grow steadily over the next five years. The market for food coating ingredients in this region is driven by the flourishing food processing industry. Additionally, the rise in health issues such as obesity and heart ailments in the region has prompted people to focus on eating healthy products such as breakfast cereals for diet management, in response to which food coating ingredient manufacturers have introduced their products with low sugar content and absence of allergens. Such factors have provided a boost to food coating ingredient manufacturers in North America.
Break-up of Primaries:
- By Company: Tier 1 - 20%, Tier 2 - 35%, and Tier 3 - 45%
- By Designation: C-level - 25%, and Director-level - 35%, Others - 40%
- By Region: North America - 15%, Europe -15%, Asia Pacific - 40%, and RoW - 30%
The key players profiled in this report are as follows:
- Marel (Iceland)
- GEA Group (Germany)
- Buhler 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)
- Bowman Ingredients (UK).
Research Coverage:
The report segments the food coating market on the basis of ingredient type, ingredient form, application, equipment type, mode of operation, and region. In terms of insights, this research report has focused on various levels of analyses-competitive landscape and company profiles, which together comprise and discuss the basic views on the emerging & high-growth segments of the food coating market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to Buy the Report:
- To gain a comprehensive overview of the food coating market
- To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
- To gain insights about the major countries/regions in which the food coating market is flourishing
TABLE OF CONTENTS
1. INTRODUCTION
- 1.1. OBJECTIVES OF THE STUDY
- 1.2. MARKET DEFINITION
- 1.3. STUDY SCOPE
- 1.4. PERIODIZATION CONSIDERED
- 1.5. CURRENCY CONSIDERED
- 1.6. UNITS CONSIDERED
- 1.7. STAKEHOLDERS
2. RESEARCH METHODOLOGY
- 2.1. RESEARCH DATA
- 2.1.1. SECONDARY DATA
- 2.1.2. PRIMARY DATA
- 2.1.2.1. Key industry insights
- 2.1.2.2. Breakdown of primary interviews
- 2.2. MARKET SIZE ESTIMATION
- 2.3. DATA TRIANGULATION
- 2.4. RESEARCH ASSUMPTIONS
- 2.5. LIMITATIONS
3. EXECUTIVE SUMMARY
4. PREMIUM INSIGHTS
- 4.1. ATTRACTIVE OPPORTUNITIES IN THE FOOD COATING INGREDIENTS MARKET
- 4.2. FOOD COATING EQUIPMENT MARKET, BY REGION
- 4.3. FOOD COATING MARKET, BY INGREDIENT TYPE
- 4.4. NORTH AMERICA: FOOD COATING MARKET, BY INGREDIENT TYPE & COUNTRY
- 4.5. FOOD COATING INGREDIENTS MARKET, BY APPLICATION & REGION
5. MARKET OVERVIEW
- 5.1. INTRODUCTION
- 5.2. MARKET DYNAMICS
- 5.2.1. DRIVERS
- 5.2.1.1. Growing food processing in meat, bakery, snacks, and breakfast cereal
- 5.2.1.2. Rising demand for processed, prepared, and convenience food
- 5.2.1.3. Increased focus on production efficiency, processing time, and quality of food products
- 5.2.2. RESTRAINTS
- 5.2.2.1. Rising costs of production due to fluctuating ingredient prices
- 5.2.2.2. Shift toward fresh food products
- 5.2.3. OPPORTUNITIES
- 5.2.3.1. Emerging regional markets
- 5.2.3.2. Growing investment opportunities in the development of new food coating technology
- 5.2.4. CHALLENGES
- 5.2.4.1. Infrastructural and regulatory challenges in developing countries
6. FOOD COATING MARKET, BY INGREDIENT TYPE
- 6.1. INTRODUCTION
- 6.2. COCOA & CHOCOLATE
- 6.3. FATS & OILS
- 6.4. FLOURS
- 6.5. BREADERS
- 6.6. BATTER
- 6.7. SUGARS & SYRUPS
- 6.8. SALTS, SPICES, AND SEASONINGS
- 6.9. OTHERS
7. FOOD COATING MARKET, BY INGREDIENT FORM
- 7.1. INTRODUCTION
- 7.2. DRY
- 7.3. LIQUID
8. FOOD COATING MARKET, BY EQUIPMENT TYPE
- 8.1. INTRODUCTION
- 8.2. COATERS & APPLICATORS
- 8.2.1. BREADING APPLICATORS
- 8.2.2. FLOUR APPLICATORS
- 8.2.3. BATTER APPLICATORS
- 8.2.4. SEASONING APPLICATORS
- 8.2.5. OTHER COATERS & APPLICATORS
- 8.3. ENROBERS
9. FOOD COATING MARKET, BY MODE OF OPERATION
- 9.1. INTRODUCTION
- 9.2. AUTOMATIC
- 9.3. SEMI-AUTOMATIC
10. FOOD COATING MARKET, BY APPLICATION
- 10.1. INTRODUCTION
- 10.2. FOOD COATING INGREDIENTS MARKET, BY APPLICATION
- 10.2.1. MEAT & SEAFOOD PRODUCTS
- 10.2.2. CONFECTIONERY PRODUCTS
- 10.2.3. BAKERY PRODUCTS
- 10.2.4. BREAKFAST CEREALS
- 10.2.5. SNACKS
- 10.3. EQUIPMENT
- 10.3.1. MEAT & SEAFOOD PRODUCTS
- 10.3.2. CONFECTIONERY PRODUCTS
- 10.3.3. BAKERY PRODUCTS
- 10.3.4. BREAKFAST CEREALS
- 10.3.5. SNACKS
11. FOOD COATING MARKET, BY REGION
- 11.1. INTRODUCTION
- 11.2. NORTH AMERICA
- 11.2.1. BY INGREDIENT
- 11.2.1.1. US
- 11.2.1.2. Canada
- 11.2.1.3. Mexico
- 11.2.2. BY EQUIPMENT
- 11.2.2.1. US
- 11.2.2.2. Canada
- 11.2.2.3. Mexico
- 11.3. ASIA PACIFIC
- 11.3.1. BY INGREDIENT
- 11.3.1.1. China
- 11.3.1.2. Japan
- 11.3.1.3. Australia & New Zealand
- 11.3.1.4. India
- 11.3.1.5. Rest of Asia Pacific
- 11.3.2. BY EQUIPMENT
- 11.3.2.1. China
- 11.3.2.2. Japan
- 11.3.2.3. Australia & New Zealand
- 11.3.2.4. India
- 11.3.2.5. Rest of Asia Pacific
- 11.4. EUROPE
- 11.4.1. BY INGREDIENT
- 11.4.1.1. UK
- 11.4.1.2. Germany
- 11.4.1.3. France
- 11.4.1.4. Netherlands
- 11.4.1.5. Italy
- 11.4.1.6. Rest of Europe
- 11.4.2. BY EQUIPMENT
- 11.4.2.1. Germany
- 11.4.2.2. UK
- 11.4.2.3. France
- 11.4.2.4. Netherlands
- 11.4.2.5. Italy
- 11.4.2.6. Rest of Europe
- 11.5. REST OF THE WORLD (ROW)
- 11.5.1. BY INGREDIENT
- 11.5.1.1. Middle East & Africa
- 11.5.1.2. South America
- 11.5.2. BY EQUIPMENT
- 11.5.2.1. Middle East & Africa
- 11.5.2.2. South America
12. COMPETITIVE LANDSCAPE
- 12.1. OVERVIEW: BY INGREDIENT
- 12.1.1. MARKET SHARE ANALYSIS
- 12.1.2. KEY MARKET STRATEGIES
- 12.1.3. COMPETITIVE SCENARIO
- 12.1.3.1. Expansions & investments
- 12.1.3.2. Acquisitions
- 12.1.3.3. New product launches
- 12.1.3.4. Agreements, joint ventures, and partnerships
- 12.2. OVERVIEW: BY EQUIPMENT
- 12.2.1. MARKET SHARE ANALYSIS
- 12.2.2. KEY MARKET STRATEGIES
- 12.2.3. COMPETITIVE SCENARIO
- 12.2.3.1. Expansions & investments
- 12.2.3.2. Acquisitions
- 12.2.3.3. New product launches
- 12.2.3.4. Partnerships
13. COMPANY PROFILES (Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
- 13.1. CARGILL
- 13.2. KERRY GROUP
- 13.3. ARCHER DANIELS MIDLAND COMPANY (ADM)
- 13.4. INGREDION INCORPORATED
- 13.5. NEWLY WEDS FOODS
- 13.6. PGP INTERNATIONAL
- 13.7. TATE & LYLE PLC
- 13.8. BOWMAN INGREDIENTS
- 13.9. MAREL
- 13.10. GEA GROUP
- 13.11. BUHLER AG
- 13.12. JBT CORPORATION
- 13.13. TNA AUSTRALIA PTY LIMITED
- 13.14. DUMOULIN
- 13.15. CLEXTRAL
- 13.16. SPICE APPLICATION SYSTEMS
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
14. APPENDIX
- 14.1. DISCUSSION GUIDE
- 14.2. KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 14.3. AVAILABLE CUSTOMIZATIONS
- 14.4. RELATED REPORTS
- 14.5. AUTHOR DETAILS
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