Market Size of Food Coating Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Food Coating Ingredients Market Analysis
The Food Coating Ingredients Market is projected to witness a CAGR of 5.8% over the next five years.
Food coating is an instantaneous application of ingredients in nourishment handling and controls improvement strategy. The market is mainly driven by the increasing demand from industrial food applications, especially confectionery, bakery, fried foods, and ready-to-eat foods, contributing towards color, taste, and sweetness attributes to the food product being coated. For instance, according to Snack Food and Wholesale e-magazine, the sales of center store bread in the United States were approximately USD 9.11 billion this year.
Additionally, edible coating and films have received considerable attention from consumers for their apparent advantages (such as edible and eco-friendly nature) over synthetic films. Polysaccharides, lipids, and protein-based materials are used for edible packaging for bakery products. The most significant function of edible packaging is its use as a carrier of nutrients to increase the nutritional value of final processed food products. With the growing trend of edible packaging, manufacturers are focused on producing innovative packaging to gain a consumer base.
However, stringent rules and regulations regarding clean-label coating ingredients laid down by government bodies are hampering the growth of the market. For instance, the FDA and European Commission have prevented the usage of synthetic colors as coatings in the F&B industry in the United States on the basis of claims of carcinogenicity, on the basis of the Delaney Clause, although it is still used in the European Union as later evaluations by JECFA and the EFSA concluded their use is safe. Also, the high calorific values of certain indulgent coating ingredients restrain the market growth.
