Global Food Coating Market is Estimated at a Record USD 5 Billion by the End of 2027 | Infinium Global Research
The recent Infinium Global Research report provides a detailed analysis of the global food coating market, segmented by application and region. It highlights the factors influencing market growth, including rising demand for convenience foods, health concerns, and technological advancements. The global food coating market was sized near USD 5 billion in 2021. The global food coating market is projected to grow with a CAGR of 5% during 2021-2027.
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Traditionally, food coating protected food from spoilage. Today, it enhances appearance, adds flavor, and extends shelf life. Packaged food manufacturers leverage these benefits to improve product quality and reduce waste. They are also developing healthier coating options using oats, sugar-free ingredients, and gluten-free ingredients.
The busy lifestyles of urban consumers have driven demand for convenient and time-saving food options, such as ready-to-eat meals and frozen foods. This has fueled the market for food coating ingredients and equipment. Additionally, the growing preference for protein-based foods and increased snacking habits have further boosted demand for these products. Consequently, there's a surge in the need for various coating ingredients like spices, fats, oils, cocoa, flours, sugar, and syrups. This increased demand is expected to drive sales of equipment like coaters, applicators, and enrobers.
The report also explores the challenges faced by the industry, such as fluctuating ingredient prices. These price increases can discourage manufacturers from adopting new coating technologies due to lower profit margins and longer payback periods. Food coating equipment needs to provide cost-effective solutions to compensate for rising ingredient prices and enable manufacturers to achieve economies of scale.
Globalization has increased consumer awareness of food trends and prompted food manufacturers to expand their operations worldwide. This has led to increased competition, with domestic players in China, India, and Japan developing their own food coating equipment to rival established market leaders. To gain a competitive edge, companies are prioritizing innovation in food coating technology, such as electrostatic coating for efficient and high-coverage application.
Food coating equipment manufacturers are focusing on R&D to cater to evolving needs, with a focus on features like better handling of larger food volumes, increased shelf life, improved production capacity, and reduced ingredient waste. Advancements in coating formulations, production methods, and equipment are expected to further enhance the efficiency and quality of coated food products.
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The report also discusses the regional landscape of the market. North America is expected to hold the largest share due to the high demand for meat & poultry products and confectioneries, along with the presence of established equipment manufacturers and early adoption of advanced technologies. However, Asia Pacific is considered the fastest-growing region due to the robust demand for confectionery and dairy products in India and China, along with the growing popularity of convenient ready-to-eat foods. Rising disposable incomes and changing consumer lifestyles in this region are also propelling market growth.
Overall, the food coating market is expected to witness significant growth in the coming years, driven by factors like increasing demand for convenience foods, health concerns, and technological advancements. However, fluctuating ingredient prices and challenges associated with global expansion remain key concerns for the industry.
Market Segmentation:
- By Type: The market is divided into sub-segments based on the type of coating material used. These sub-segments include batters and flours, catering to different functional needs and aesthetic preferences.
- By Application: The report segments the market based on the final product where the coating is applied. Bakery and snacks are two of the major application sub-segments, highlighting the extensive use of food coating in these popular food categories.
- By Equipment Type: The market is further segmented based on the equipment used for applying the coating. Coaters and applicators, along with enrobers, represent the key equipment sub-segments, each serving specific functionalities within the food coating process.
- By Form: This segmentation focuses on the physical form of the coating material. Dry and liquid coatings are the two main sub-segments, offering manufacturers flexibility based on their production needs and desired coating properties.
- By Mode of Operation: The report also segments the market based on the level of automation in the coating equipment. Automatic and semi-automatic equipment represent the two sub-segments, catering to production facilities with varying levels of automation requirements and budgets.
Market Keyplayers:
- Cargill (US)
- Kerry Group (Ireland)
- Ingredion Incorporated (US)
- Archer Daniels Midland Company (US)
- JBT Corporation (US)
- PGP International (US)
- Newly Weds Foods (US)
- Bowmen Ingredients (UK)
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