Global Food Coating Market Size, Share, Opportunities, And Trends By Ingredient Type (Flours And Starches, Sugar And Syrups, Fats And Oils, Others), By Form (Dry, Liquid), By Mode Of Operation (Automatic, Semi-Automatic), By Application (Bakery And Confectionary, Meat And Poultry, Snacks And Savory, Others), And By Geography - Forecasts From 2024 To 2029

Food coating is available in two forms, dry powder and liquid. Food coating is applied on the surface of food items to increase and enhance the food product's taste, texture, and appearance. They are also known to be used as a protection barrier and provide extra flavouring to food products. It is well known to be used in various applications, including meat, bakery products, and many others. Food coatings are widely used in processed foods, including products such as chicken nuggets, fish sticks, cheese sticks, and other processed food products. The benefits of using food coating on food products include the reduction of weight and firmness loss, maintenance of quality during storage, reduction of metabolism and oxidation rates, reduction of synthetic packaging, increase in consumer appeal, and retention of colour, acids, sugars, and flavour compositions.

Introduction:

The global food coating market is expected to witness significant growth during the forecasted period of 2024-2029, due to factors such as the increase in demand for baked goods and processed foods. This can be coupled with the increase in the total urban and global population, which further drives the food demand in the market. Due to the properties of maintenance of food colour, texture, and taste, the increase in the food demand will increase the growth rate of food coatings worldwide.

Market Drivers:

• Growth in demand for Baked Goods: The increase in demand for baked goods can be linked to the increase in consumption of baked products, which is also one of the major users of food coatings in the market. Bakery products are known to use food coating products due to their shelf-life increasing capabilities, and the enhancement of taste and smell on the baked products. There are various types of food coating used in the bakery industry, which can include toppings such as chocolate coatings and other flavoured coatings, which are used to enhance the flavour and sweetness of the baked food products, and other functional food coating products, that helps in enhancing the texture and shelf life of the baked goods. The increase in consumption of baked goods will help provide the necessary boost for the global food coating market during the forecasted period. The global retail sales of baked goods have shown a substantial increase in growth from 2017 to 2021. As per the Canadian Government, it has been estimated to show an increase from US$340,292.1 million in 2017 to US$407,164.2 million in 2021, which is a growth in the CAGR of 4.6%. It is also expected that the global retail sales of baked goods will reach US$518,876.8 million by 2026, with an estimated CAGR of 5.1% Canada has shown an increase in the retail sales of baked goods with US$6.6 billion in sales in 2021, which was equal to 1.6% of total global sales. This growth in the retail sales of baked goods can be linked to the increase in demand for baked goods, from the increase in urbanization and the increase in demand for ready-to-eat products, which include major products such as baked food items, processed food and many others. This will provide the necessary fuel for the global food coating market growth during the forecasted period.

Key Players:

• Kerry Group PLC: A multinational food company known for the development, manufacturing, and production of taste solutions and nutritional ingredients with several applications in the food, beverage, and pharmaceutical industries.
• Cargill, Incorporated: A multinational food corporation that is known for the production of goods and services with a wide range of applications in food, agriculture, industrial and risk management fields. They are also known to provide various coating solutions, which include their coating starch series that are designed for high solids coating. 

Regional Analysis:

The Asia Pacific region is expected to witness significant growth in the global food coating market during the forecasted period of 2024-2029. The factors that affect the market growth is the increasing consumption of ready-to-eat foods, which are one of the major users of food coatings in the world, which can be coupled with the increasing growth rate of the population in the Asia Pacific Region. The increase in consumption of ready-to-eat or processed foods is one of the major players in the growth of the food coating market. The Asia Pacific is expected to be a major player in the market's growth due to the increase in the urban and total population in the region, increasing the demand for processed and ready-to-eat foods in the market. China and India are the leaders in ready-to-eat (RTE) consumption in the market, due to the large urban population, which is boosted by the increase in total population as well. As per World Food India, ready-to-eat food products have shown an increase in CAGR of 12% over the decade. It is also expected that the RTE food production will reach Rs. 9600 crore (4.6 lakh MT) by FY 2030, which is an increase in the CAGR of 13%. This increase in consumption is linked to the increase in young consumers and the millennial population, who account for 34% of the total population in India. The increase in the population of young consumers can also help increase the food coating market growth, due to the increasing dependency on food coating for increasing shelf life and palatability of processed foods and RTE products. Therefore, the food coating market is expected to display a significant increase with the increase in consumption and demand for RTE driving the market growth during the forecasted period.

Market Developments:

• September 2023: Saveggy announced the partnership with Swedish grown cucumber and producer, oldarna.se, for creating production and packaging lines with application technologies on its plant-based, edible coating, intending to replace fossil-based plastic wrapping for cucumbers. This edible coating solution was expected to triple or quadruple the shelf life of cucumbers, extending the shelf and reducing food waste while removing the requirements for plastic packaging. The solution is dubbed SaveCucumber, which targets cucumbers and elimination of plastic packaging with their plant-based edible coating, improving quality and freshness ranging from harvest to consumption.
• April 2021: AgroFresh announced the launch of their edible coating that expand on their VitaFresh Botanicals plant-based platform, dubbed Life Ultra. AgroFresh Solutions Inc., one of the global leaders in the production of freshness solutions, launched Life Ultra, which is known to be produced using a nano emulsion process to generate smaller particles for superior coating coverage and food protection. This solution acts as a protective membrane that reduces dehydration, providing excellent freshness preservation and food loss reduction of different citrus and tropical fruits, which include avocados, papayas, and mangoes. The fruits coated with the Life Ultra coating can be dried quickly, providing sustainability benefits such as decreased energy usage and lower cost operational efficiencies.

Segmentation:

• By Ingredient Type:
  • Flours and Starches
  • Sugar and Syrups
  • Fats and Oils
  • Others
• By Form:
  • Dry
  • Liquid
• By Mode of Operation:
  • Automatic
  • Semi-Automatic
• By Application:
  • Bakery and Confectionary
  • Meat and Poultry
  • Snacks and Savory
  • Others
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others