Market Size of Europe Food Coating Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.45 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Food Coating Ingredients Market Analysis
The European food coating ingredients market is anticipated to register a CAGR of 5.45% during the forecast period (2022-2027).
In 2020, the global COVID19 pandemic drastically affected the growth of the European food coating ingredients market. This was since there were closures of several manufacturing units, which resulted in a decline in food coating production. Moreover, due to these closures, a price shift was observed in the respective region; for instance, the price of sugar and cocoa increased, ultimately increasing the product's price. Therefore, Europe's food coating ingredients market witnessed a change in consumer buying behavior.
Natural ingredients have started occupying a significant share in the formulations of coating ingredients due to the use of natural ingredients. Therefore, European consumers have started increasing the consumption of edible coating foods, driving European market growth.
Moreover, because these ingredients offer dynamic textures to RTE cereals, snacks, and nutritional bars, consumers are showcasing their interest in purchasing these food products, which has also promoted the growth of the food coating ingredients market in Europe.
