Asia Pacific Food Coatings Ingredients Market

The Asia Pacific food coatings ingredients market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for ready to eat food products & poultry items, supportive government policies & rules in the region, and growing number of shopping centers & supermarkets with retail store.

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Food coating ingredients are the ingredients that offers desired products with taste, appearance, and texture by locking the moisture & flavor. Most of the food is been coated and became very elaborated and sophisticated with the help of commercial coating formulation. Food manufacturers combine various types of seasonings, spices, and coatings to offer unique food items & flavors.

The food coatings ingredients could be applied in dry powdered form or in liquid form. Liquid food coatings are majorly used in confectionaries, bakery products, granola bars, flavored nuts, and ice-cream coatings. Coatings includes formulations based on fat, which are melted and then applied to the food products including cakes, doughnuts, fruits pieces, nuts, cookies, and wafers to add flavor. 

Market Trends, Drivers, Restraints, and Opportunities

• Rising consumption of processed and convenience food is anticipated to propel the market expansion in the coming years.
• Rapid growth of the food industry is key factor boosting the market growth during the forecast period.
• High cost of the food coatings is expected to restrict the market expansion in the coming years.
• Rules and regulation regarding the usage of food coatings acts as major challenge that can hamper the market growth.
• Innovations in the food coatings ingredients is estimated to offer lucrative opportunities for the market payers.

Scope of the Report

The report on the Asia Pacific food coatings ingredients market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights:

Sugar & syrups segment is projected to account for a large market share

Based on types, the Asia Pacific food coatings ingredients market is divided into cocoa & chocolates, spices & seasonings, batter & crumbs, sugar & syrups, fats & oils, flours, and others. The sugar & syrups segment is expected to constitute a key share of the market during the forecast period owing to high usage in the processing industries and it helps in various properties such as sweetness, taste, and color to the food item. However, the flours segment is anticipated to expand at a rapid pace during the forecast period due to high usage in confectionery & bakery and it is used in fried meat & fast food as an attractive coating.

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Confectionery segment is projected to hold a key market share

On the basis of applications, the market is segmented into confectionery, dairy, bakery, snacks, meat, and others. The confectionery segment is expected to represent a key share of the market in the coming years due to rising demand for processed & fast foods in the region, consumer willing to spend for better food, and rising disposable income of the consumers. On the other hand, the meat segment is anticipated to expand at a rapid pace during the forecast period owing to requirement of coatings to meat and poultry products for prevention from disintegration, adhesion, or agglomeration.

China is expected to dominate the market

On the basis of geography, the Asia Pacific food coatings ingredients market is categorized as Japan, Australia, China, India, and Rest of Asia Pacific. The market of China is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to growing population and busy lifestyle is increasing the consumption of preserved foods. On the other hand, the market of India is expected to exhibit a rapid growth rate in the coming years due to rising disposable income of consumers, increasing demand for processed food products, and changing lifestyle.

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Segments

Segments Covered in the Report

The Asia Pacific food coatings ingredients market has been segmented on the basis of

Types

• Cocoa & Chocolates
• Spices & Seasonings
• Batter & Crumbs
• Sugar & Syrups
• Fats & Oils
• Flours
• Others

Applications

• Confectionery
• Dairy
• Bakery
• Snacks
• Meat
• Others

Geography

• Japan
• Australia
• China
• India
• Rest of Asia Pacific

Key Players

• Archer Daniels Midland Company
• Pioneer Foods
• Cargill, Inc.
• Tate & Lyle Plc.
• Kerry Group
• Bowman Ingredients
• PGP International, Inc.
• Ingredion Inc.
• Newly Weds Foods
• Dohler
• Agrana Beteiligungs AG
• Sensory Effects Ingredients Solutions
• Ashland Inc.

Competitive Landscape

Key players competing in the Asia Pacific food coatings ingredients market include Archer Daniels Midland Company; Pioneer Foods; Cargill, Inc.; Tate & Lyle Plc.; Kerry Group; Bowman Ingredients; PGP International, Inc.; Ingredion Inc.; Newly Weds Foods; Dohler; Agrana Beteiligungs AG; Sensory Effects Ingredients Solutions; and Ashland Inc. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.