(I-BusinessNews.Com, June 19, 2017 ) The North America Food Coating Ingredients market has been estimated at USD 0.97 Billion in 2016 and is projected to reach USD 1.28 Billion by 2021, at a CAGR of 5.6% during the forecast period from 2016 to 2021. Food Coatings are applied to various food products to enhance or change their texture, taste, or nutritional profile. According to the nature of the substrate as well as the food coating ingredient, the process of coating can differ. But, it primarily consists of mixing the two and allowing them to coalesce naturally. The food coating ingredients market is directly influenced by the growing processed food industry.
The market for Food coating ingredients in North America is mainly driven due to factors like highly increasing usage of antimicrobial food coating components, hectic and sedentary lifestyles leading to choosing products with food coatings which contains vitamins and nutrients to enhance the nutritional profile. But, the market growth can be declined due to varied food regulations along with stringent laws governing the food items.
North America market for Food Coating Ingredients is segmented based on type and application. By type, the market is further sub-segmented into Cocoa, Chocolate, Fats & Oil, Salt, Spices, Flour & Batter, Starch, Hydrocolloid, Sugar & Syrups. By application, the market is further sub-segmented into Bakery, Confectionery, Cereal, Dairy, Snacks, Fruits & Vegetables, and Meat. Sugar & syrups is projected to experience the highest growth, and cocoa & chocolate is contributing to second largest share. The growth can be attributed to rising demand for bakery and confectionery products.
Geographically, North America market for Food Coating Ingredients is segmented into U.S. and Canada. North America is the biggest market in terms of market share across the globe. The major companies in the global market belong to this region, which are highly competitive in expansion of business in different regions across the globe. Also, the ever-increasing demand for ready-to-eat products which contain food coating is driving the market in this region.
Cargill Incorporated, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Kerry Group plc, Ashland Inc., Tate & Lyle PLC, AGRANA Group, PGP International, Inc., DohlerGroup, and SensoryEffects Ingredient Solutions are the major players of North America Food Coating Ingredients market.
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including: