Asia-Pacific Food Coating Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia-Pacific Food Coating Ingredients Market is segmented by Type (Sugars and Syrups, Cocoa and Chocolates, Fats and Oils, Spices and Seasonings, Flours, Batter and Crumbs, and Others); by Application (Bakery, Confectionery, Snacks, Dairy, Meat, and Others); and by Geography.

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APAC Food Coating Ingredients Market Size

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asia-pacific food coating ingredients market summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.32 %
Market Concentration Low

Major Players

Asia-Pacific Food Coating Ingredients Market

*Disclaimer: Major Players sorted in no particular order
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APAC Food Coating Ingredients Market Analysis

The Asia-Pacific Food Coating Ingredients Market is projected to grow at a CAGR of 6.32% during the forecast period (2020-2025).

  • The market is mainly driven by the increasing demand from food industrial application, especially, confectionery, bakery, fried foods and ready-to-eat foods, contributing towards color, taste, and sweetness attributes to the food product being coated. 
  • Apart from these, the requirement for anti-microbial coating is also compelling the food coating industry to introduce carious coating ingredients for food products.
  • Changing lifestyles and increasing disposable incomes of consumers in emerging economies of the Asia-Pacific region like India and China is boosting the market sales.

APAC Food Coating Ingredients Market Trends

This section covers the major market trends shaping the APAC Food Coating Ingredients Market according to our research experts:

Growing Demand for Convenience Foods

The shift in eating habit of consumers along with changing taste preference and limited availability of time owing to busy lifestyle is making consumers depend on ready to eat food products or foodservice outlets fuels the growth of this market. The increased demand for processed food in emerging regions is expected to be the key trend in the near future for food coating ingredients market. The rising popularity of outlets namely KFC and McDonald's, increasing per capita income and consumer's willingness to spend in developing economies is likely to experience growing demand for food coating ingredient market in the future. Furthermore, the growing research and development for the production of plant-based coating ingredients with increased shelf-life create an opportunity for the new entrants in the food coating ingredients market.

Asia-Pacific Food Coating Ingredients Market1

Increased Utilization in Confectionery

The consumption of confectioneries, such as wafer bars, fondant, pastries, and candies, has been increased significantly in recent years owing to the demand arising from children, especially chocolate coated products. These coatings also extend the shelf-life of the product. Also, the process of enrobing was slow and involved manually dipping; however, with increased demand for these products has opened room for many technologically advanced techniques such as electrostatic coating, therefore, enhancing the production rate and meeting the demand of the consumers. Additionally, the increase in the total store has boosted the growth of the confectionery market. India and China specifically are the fastest-growing region due to the robust demand for confectionery industries.

Asia-Pacific Food Coating Ingredients Market2

APAC Food Coating Ingredients Industry Overview

The Asia- Pacific food coating ingredients is a fragmented market, with the leading companies driving the growth. Investments and expansions formed the most preferred strategy among the key players to attract and retain new customers . The players are focused on acquiring local players of emerging markets to expand their business and sustain the competition prevailing in the market. New product launches also helped major players in strengthening their product portfolio. Some of the prominent players in the market are Cargill, Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC and Kerry Group.

APAC Food Coating Ingredients Market Leaders

  1. Cargill, Incorporated

  2. Archer Daniels Midland Company

  3. Tate & Lyle PLC

  4. Pioneer Foods

  5. Kerry Group

*Disclaimer: Major Players sorted in no particular order

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APAC Food Coating Ingredients Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Sugars and Syrups

      2. 5.1.2 Cocoa and Chocolates

      3. 5.1.3 Fats and Oils

      4. 5.1.4 Spices and Seasonings,

      5. 5.1.5 Flours, Batter and Crumbs

      6. 5.1.6 Others

    2. 5.2 By Application

      1. 5.2.1 Bakery

      2. 5.2.2 Confectionery

      3. 5.2.3 Snacks

      4. 5.2.4 Dairy

      5. 5.2.5 Meat

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 Asia Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 Japan

        3. 5.3.1.3 India

        4. 5.3.1.4 Australia

        5. 5.3.1.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Tate & Lyle PLC

      2. 6.4.2 Kerry Group

      3. 6.4.3 Cargill, Incorporated

      4. 6.4.4 Archer Daniels Midland Company

      5. 6.4.5 Pioneer Foods

      6. 6.4.6 Associated British Foods PLC

      7. 6.4.7 Ingredion Incorporated

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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APAC Food Coating Ingredients Industry Segmentation

The Asia-Pacific food coating ingredients market has been segmented by types which include sugars and syrups, cocoa and chocolates, fats and oils, spices and seasonings, flours, batter and crumbs, and others. On the basis of application, market is segmented into bakery, confectionery, snacks, dairy, meat and others. The study aslo involves the analysis of regions such as China, India, Japan, Australia and rest of Asia-Pacific.

By Type
Sugars and Syrups
Cocoa and Chocolates
Fats and Oils
Spices and Seasonings,
Flours, Batter and Crumbs
Others
By Application
Bakery
Confectionery
Snacks
Dairy
Meat
Others
Geography
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
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APAC Food Coating Ingredients Market Research FAQs

The Asia-Pacific Food Coating Ingredients Market is projected to register a CAGR of 6.32% during the forecast period (2024-2029)

Cargill, Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC, Pioneer Foods and Kerry Group are the major companies operating in the Asia-Pacific Food Coating Ingredients Market.

The report covers the Asia-Pacific Food Coating Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Food Coating Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Food Coating Ingredients Industry Report

Statistics for the 2024 Asia-Pacific Food Coating Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Food Coating Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia-Pacific Food Coating Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)