NEW YORK, March 9, 2016 /PRNewswire/ -- The growing bakery and confectionery industries, increasing demand for convenience foods, up surging consumer demand for food protection agents are some of the factors, driving the growth of the global food coating ingredients market. The consolidating industry of food coating ingredient is a key trend that can be seen in the global food coating ingredients market. The largest end users for the food coating ingredients market are bakery and confectionery industries. These industries are also major consumers of food coating ingredients, such as cocoa and chocolate, flours, and sugars and syrups. Globally, Europe accounted for the largest market of bakery and confectionery products in 2014, followed by North America. Asia-Pacific is growing with a significant pace, due to the increasing disposable income and rapid urbanization in the region.
For the enhancement of organoleptic properties (which include taste, flavor, appearance, and texture), functionality (which include antioxidant effect, particle separation, and barrier effect), and nutrition, the ingredient based coatings are applied on food products. The types of food coating ingredients include cocoa and chocolates, fats and oils, spices and seasonings, flours, batter and crumbs, starches, hydrocolloids, sugars and syrups, and others. Cocoa and chocolates account for a fair share in Europe, while the fats and oils account for a fair share in North America. Food coating ingredients applications include bakery, confectionery, RTE cereals and bars, dairy, savory foods, frozen foods, meat and poultry, and others.
Due to the increasing employment in North America, the economically active population in the region has been increasing. The increasing demand for on-the-go foods is also boosting the demand for food coating ingredients in the region. The North American region accounted for the second largest market of bakery products after Europe in 2014. The growing demand for bakery products, and the up surging domestic bakery production is driving the growth of the food coating ingredients market in the region. Over the past few years, the demand for energy-boosting snacks has also grown significantly. Among the health conscious consumers, the introduction of gluten free and sugar free range of bakery and confectionery products has further increased the demand for convenience foods. The growing demand for fresh and organic food is increasing the demand for the food coating ingredients, which again is fuelling the growth of the food coating ingredients market globally. The demand for food coating ingredients is also growing at a fast pace for the preservation of various food products, such as meat and poultry products.
The consumers' preference towards on-the-go consumption of foods is a major trend witnessed in the food coating ingredients market. The demand for gluten free bakery products is also driving the growth of the global food coating ingredients market.
The key companies in the global food coating ingredients market include Archer Daniels Midland Company (ADM), Cargill Inc., E.I. du Pont de Nemours and Company, Ashland Inc., Ingredion Incorporated, Agrana Beteiligungs AG, Kerry Group, Döhler GmbH, PGP International Inc., and Balchem Corporation.
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