APAC Food Coating Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.32 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Food Coating Ingredients Market Analysis
The Asia-Pacific Food Coating Ingredients Market is projected to grow at a CAGR of 6.32% during the forecast period (2020-2025).
- The market is mainly driven by the increasing demand from food industrial application, especially, confectionery, bakery, fried foods and ready-to-eat foods, contributing towards color, taste, and sweetness attributes to the food product being coated.
- Apart from these, the requirement for anti-microbial coating is also compelling the food coating industry to introduce carious coating ingredients for food products.
- Changing lifestyles and increasing disposable incomes of consumers in emerging economies of the Asia-Pacific region like India and China is boosting the market sales.
APAC Food Coating Ingredients Market Trends
This section covers the major market trends shaping the APAC Food Coating Ingredients Market according to our research experts:
Growing Demand for Convenience Foods
The shift in eating habit of consumers along with changing taste preference and limited availability of time owing to busy lifestyle is making consumers depend on ready to eat food products or foodservice outlets fuels the growth of this market. The increased demand for processed food in emerging regions is expected to be the key trend in the near future for food coating ingredients market. The rising popularity of outlets namely KFC and McDonald's, increasing per capita income and consumer's willingness to spend in developing economies is likely to experience growing demand for food coating ingredient market in the future. Furthermore, the growing research and development for the production of plant-based coating ingredients with increased shelf-life create an opportunity for the new entrants in the food coating ingredients market.
Increased Utilization in Confectionery
The consumption of confectioneries, such as wafer bars, fondant, pastries, and candies, has been increased significantly in recent years owing to the demand arising from children, especially chocolate coated products. These coatings also extend the shelf-life of the product. Also, the process of enrobing was slow and involved manually dipping; however, with increased demand for these products has opened room for many technologically advanced techniques such as electrostatic coating, therefore, enhancing the production rate and meeting the demand of the consumers. Additionally, the increase in the total store has boosted the growth of the confectionery market. India and China specifically are the fastest-growing region due to the robust demand for confectionery industries.
APAC Food Coating Ingredients Industry Overview
The Asia- Pacific food coating ingredients is a fragmented market, with the leading companies driving the growth. Investments and expansions formed the most preferred strategy among the key players to attract and retain new customers . The players are focused on acquiring local players of emerging markets to expand their business and sustain the competition prevailing in the market. New product launches also helped major players in strengthening their product portfolio. Some of the prominent players in the market are Cargill, Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC and Kerry Group.
APAC Food Coating Ingredients Market Leaders
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Cargill, Incorporated
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Archer Daniels Midland Company
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Tate & Lyle PLC
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Pioneer Foods
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Kerry Group
*Disclaimer: Major Players sorted in no particular order
APAC Food Coating Ingredients Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Sugars and Syrups
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5.1.2 Cocoa and Chocolates
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5.1.3 Fats and Oils
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5.1.4 Spices and Seasonings,
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5.1.5 Flours, Batter and Crumbs
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5.1.6 Others
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5.2 By Application
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5.2.1 Bakery
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5.2.2 Confectionery
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5.2.3 Snacks
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5.2.4 Dairy
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5.2.5 Meat
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5.2.6 Others
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5.3 Geography
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5.3.1 Asia Pacific
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5.3.1.1 China
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5.3.1.2 Japan
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5.3.1.3 India
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5.3.1.4 Australia
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5.3.1.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Tate & Lyle PLC
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6.4.2 Kerry Group
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6.4.3 Cargill, Incorporated
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6.4.4 Archer Daniels Midland Company
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6.4.5 Pioneer Foods
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6.4.6 Associated British Foods PLC
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6.4.7 Ingredion Incorporated
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Food Coating Ingredients Industry Segmentation
The Asia-Pacific food coating ingredients market has been segmented by types which include sugars and syrups, cocoa and chocolates, fats and oils, spices and seasonings, flours, batter and crumbs, and others. On the basis of application, market is segmented into bakery, confectionery, snacks, dairy, meat and others. The study aslo involves the analysis of regions such as China, India, Japan, Australia and rest of Asia-Pacific.
| By Type | |
| Sugars and Syrups | |
| Cocoa and Chocolates | |
| Fats and Oils | |
| Spices and Seasonings, | |
| Flours, Batter and Crumbs | |
| Others |
| By Application | |
| Bakery | |
| Confectionery | |
| Snacks | |
| Dairy | |
| Meat | |
| Others |
| Geography | |||||||
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APAC Food Coating Ingredients Market Research FAQs
What is the current Asia-Pacific Food Coating Ingredients Market size?
The Asia-Pacific Food Coating Ingredients Market is projected to register a CAGR of 6.32% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Food Coating Ingredients Market?
Cargill, Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC, Pioneer Foods and Kerry Group are the major companies operating in the Asia-Pacific Food Coating Ingredients Market.
What years does this Asia-Pacific Food Coating Ingredients Market cover?
The report covers the Asia-Pacific Food Coating Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Food Coating Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Food Coating Ingredients Industry Report
Statistics for the 2024 Asia-Pacific Food Coating Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Food Coating Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
