Food Coating Market worth $ 5,936.3 million by 2023

NORTHBROOK, Ill. - Aug. 20, 2018 - PRLog -- The report "Food Coating Market by Ingredient Type (Batter, Flours), Application (Bakery, Snacks), Equipment Type (Coaters & Applicators, Enrobers), Form (Dry, Liquid), Mode of Operation (Automatic, Semi-Automatic), and Region - Global Forecast to 2023", The food coating ingredients and equipment markets are estimated to be valued at USD 2.73 billion and USD 1.93 billion, respectively, in 2018  and are projected to reach USD 3.62 billion and USD 2.31 billion, respectively, by 2023, at a CAGR of 5.8% and 3.7% from 2018 to 2023.

Browse 110 market data Tables and 59 Figures spread through 190 Pages and in-depth TOC on "Food Coating Market - Global Forecast to 2023"

The cocoa & chocolate segment is estimated to account for the largest share of the food coating market, by ingredient type, in 2018.

On the basis of ingredient type, the cocoa & chocolate segment is estimated to account for the largest share of the food coating market in 2018 followed by fats & oils. The rapidly increasing demand for chocolate products from multiple food applications such as bakery products, confectionery products, and convenience food are expected to accelerate the demand for cocoa & chocolate food coating.

Meat & seafood segment is estimated to account for the largest market share in the food coating market, by application in 2018

On the basis of application, the meat & seafood segment is estimated to account for the largest market share in 2018. The growing demand for crunchy & crispy products is stimulating the growth for breaded products in the meat & seafood industry, which shows a positive outlook for the growth in demand for breading applicators in the food coating equipment industry.

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Semi-automatic segment is projected to grow at a higher CAGR among the two modes of operation in the food coating equipment market from 2018 to 2023.

On the basis of mode of operation, the semi-automatic mode of food coating equipment is projected to grow at a higher CAGR. Unlike fully automatic equipment which requires high capital investment, semi-automatic equipment enables small- and medium-scale manufacturers to achieve high yield with consistent quality and without compromising on production efficiency. Developing countries such as India, Vietnam, Indonesia, and China have several small and medium manufacturers of coated food who utilize semi-automated equipment.

North America is estimated to dominate the food coating ingredient market in 2018.

North America is expected to continue its dominant presence in the food coating ingredients market during the forecast period. The region is backed by superior food coating technologies and utilizes automatic equipment for coating food ingredients. Consumers in the US and Canada majorly consume salty snacks such as potato chips, which need dry coating. Apart from this, these countries consume frozen food that requires coating for an extended shelf life. Consumers in this region opt for cereal as breakfast options where coating is applied.

Leading companies : Marel (Iceland), GEA Group (Germany), Bühler AG (Switzerland), JBT Corporation (US), TNA Australia Pty Limited (Australia), Clextral (France), Dumoulin (France), Spice Application Systems (UK), Cargill (US), Kerry Group (Iceland), Tate & Lyle Plc (UK), Newly Weds Foods (US), PGP International (US), Archer Daniels Midland Company (US), Ingredion Incorporated (US), and Bowman Ingredients (UK).

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