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Asia-Pacific Food Coating Ingredients Market - Growth, Trends, and Forecast (2020 - 2025)

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Market Insights

The food coating ingredients market in Asia-Pacific is expected to register a CAGR of 6.32% during the forecast period, owing to a rise in the coating of exported foods and the robust demand for value added foods.

Market Dynamics

The globalization of food has led to import and export of food articles across borders. It has become imperative to increase shelf life, maintain the quality of food, and provide a similar rich taste experience at par with locally produced food. Coating of food commodities helps to address this growing need. Deeper penetration of organized retail across the region is creating more opportunities for the food coating sector by addressing a larger consumer base.

Growing urbanization and hectic and sedentary lifestyles are prompting consumers to opt for healthier alternatives to regular food. Food items are being coated with vitamins and nutrients to enhance their nutritional profile. Varied food regulations across the globe and stringent laws governing the food items pose a challenge for the food coating ingredient market in Asia-Pacific.

Market Segmentation

The Asia-Pacific food coating ingredient market is segmented based on type, application, and country. Sugar & syrups are expected to generate the highest growth owing to the rising demand for bakery and confectionery products.

The food coating ingredient market in Asia-Pacific is expected to be on a promising trajectory due to exponential growth in value-added food products on year-on-year basis. The region is expected to have a high growth rate, owing to the overall growth of the economy, favorable government policies, and changing lifestyles.

 

Key Developments

  • June 2014- UK-based food coatings specialist, Bowman Ingredients, launched a new offshoot in Thailand as a joint-venture with a family-owned food coatings firm based near Bangkok.

Competitive Landscape

The major players include- Archer Daniels Midland Company (ADM), ABS Food Ingredients, Agrana Beteiligungs-AG, Ashland Inc., Avebe, Balchem Corporation, Bowman Ingredients. Cargill, Incorporated, Codrico, Dohlergroup, DuPont DE Nemours and Company, Ingredion Incorporated, Kerry Group PLC, Newly Weds Foods, PGP International, Inc., and Tate & Lyle PLC.

Reasons to Purchase the Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3 month analyst support, along with the Market Estimate sheet (in Excel)

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