Market Size of Europe Food Coating Ingredients Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.45 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Food Coating Ingredients Market Analysis
The European food coating ingredients market is anticipated to register a CAGR of 5.45% during the forecast period (2022-2027).
In 2020, the global COVID19 pandemic drastically affected the growth of the European food coating ingredients market. This was since there were closures of several manufacturing units, which resulted in a decline in food coating production. Moreover, due to these closures, a price shift was observed in the respective region; for instance, the price of sugar and cocoa increased, ultimately increasing the product's price. Therefore, Europe's food coating ingredients market witnessed a change in consumer buying behavior.
Natural ingredients have started occupying a significant share in the formulations of coating ingredients due to the use of natural ingredients. Therefore, European consumers have started increasing the consumption of edible coating foods, driving European market growth.
Moreover, because these ingredients offer dynamic textures to RTE cereals, snacks, and nutritional bars, consumers are showcasing their interest in purchasing these food products, which has also promoted the growth of the food coating ingredients market in Europe.
Europe Food Coating Ingredients Industry Segmentation
Coating in the food industry is the application of a layer of liquids or solids onto a product. The operation essentially relies on mechanical energy. It mostly consists of setting the product particles in motion and applying the coating ingredient in a certain pattern to expose one to the other. The European food coating ingredients market is segmented by type into sugars and syrups, cocoa and chocolates, fats and oils, spices and seasonings, flours, batter and crumbs, and other types. By application, the market is segmented into bakery, confectionery, breakfast cereals, snacks, dairy, meat, and other applications. By geography, the market is segmented into the United Kingdom, Germany, France, Spain, Russia, Italy, and the Rest of Europe. The report offers market size and forecasts in value (USD million) for the above segments.
Type | |
Sugars and Syrups | |
Cocoa and Chocolates | |
Fats and Oils | |
Spices and Seasonings | |
Flours | |
Batter and Crumbs | |
Other Types |
Application | |
Bakery | |
Confectionery | |
Breakfast Cereals | |
Snacks | |
Dairy | |
Meat | |
Other Applications |
Geography | |
United Kingdom | |
Germany | |
France | |
Spain | |
Italy | |
Russia | |
Rest of Europe |
Europe Food Coating Ingredients Market Size Summary
The European food coating ingredients market is experiencing a steady growth trajectory, driven by evolving consumer preferences and industrial advancements. The market has been influenced by the shift towards natural ingredients, which are increasingly being incorporated into food coating formulations. This trend is largely due to the rising consumer demand for healthier and more natural food options. The market's expansion is further supported by the growing interest in ready-to-eat cereals, snacks, and nutritional bars, which benefit from the dynamic textures provided by these ingredients. The demand for innovative food delicacies, particularly in quick-service restaurants, has also contributed to the market's growth, with flour-based coatings being a popular choice for enhancing the taste and texture of various dishes. Additionally, the market is witnessing a rise in the use of coating systems for both meat and plant-based alternatives, reflecting broader consumer trends towards healthier eating habits.
Germany stands out as the largest market within the European region, fueled by urbanization and economic development, which have spurred the growth of diverse culinary offerings and service restaurants. The increasing per capita income and consumer willingness to spend in developing economies are expected to further boost the demand for food coating ingredients. The market is characterized by the presence of several domestic and international players, with major companies like Cargill Inc., Archer Daniels Midland Company, and Tate & Lyle PLC leading the way through strategic product development and innovation. These companies are expanding their product portfolios to include new variants of food coating ingredients, thereby maintaining a competitive edge. The market's fragmentation is evident as players continue to introduce innovative products and expand their business operations, as seen with recent developments such as Akorn Technology's edible coatings and Kerry Group PLC's new production facility.
Europe Food Coating Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Sugars and Syrups
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2.1.2 Cocoa and Chocolates
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2.1.3 Fats and Oils
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2.1.4 Spices and Seasonings
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2.1.5 Flours
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2.1.6 Batter and Crumbs
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2.1.7 Other Types
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2.2 Application
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2.2.1 Bakery
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2.2.2 Confectionery
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2.2.3 Breakfast Cereals
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2.2.4 Snacks
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2.2.5 Dairy
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2.2.6 Meat
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2.2.7 Other Applications
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2.3 Geography
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2.3.1 United Kingdom
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2.3.2 Germany
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2.3.3 France
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2.3.4 Spain
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2.3.5 Italy
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2.3.6 Russia
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2.3.7 Rest of Europe
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Europe Food Coating Ingredients Market Size FAQs
What is the current Europe Food Coating Ingredients Market size?
The Europe Food Coating Ingredients Market is projected to register a CAGR of 5.45% during the forecast period (2024-2029)
Who are the key players in Europe Food Coating Ingredients Market?
Cargill Inc., Tate & Lyle, Archer-Daniels-Midland Company, Kerry Group plc and Ingredion Incorporated are the major companies operating in the Europe Food Coating Ingredients Market.