DUBLIN--(BUSINESS WIRE)--The "Food Coating Market by Ingredient Type (Batter, Flours), Application (Bakery, Snacks), Equipment Type (Coaters & Applicators, Enrobers), Form (Dry, Liquid), Mode of Operation (Automatic, Semi-Automatic), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The food coating ingredients and equipment markets are estimated to be valued at USD 2.73 billion and USD 1.93 billion, respectively, in 2018 and are projected to reach a value of USD 3.62 billion and USD 2.31 billion by 2023, growing at a CAGR of 5.8% and 3.7% respectively, from 2018 to 2023.
The market is primarily driven by factors such as rising demand for frozen breaded meat products, seasoned veggie chips with specialty flavors, along with premium confectionery products enrobed with chocolate and growing demand for processed and convenience food. However, rising costs of production due to increasing energy & labor costs and the growing demand for organic and fresh food products are some factors which are expected to restrict the growth of the food coating equipment market in the long run.
Based on the application of food coating, the meat & poultry segment is projected to grow at the highest rate. The expected rise in production units in countries such as the US, a shift in the consumption patterns, and preference for premium and chocolate & bakery products along with rise in demand for frozen meat products, and rise in the number of quick-service restaurants in some developing countries of Asia such as India, Indonesia, and Thailand are supporting the growth of meat & poultry coating.
One of the driving factors for the increasing use of automated food coating equipment is its ability to provide accurate coating. Automation of equipment in the food coating industry contributes to accurate coating, quick & reliable production processes, optimum utilization of time, reduced labor costs, and controlled operations. With the incorporation of automatic machinery, food coating can be carried out for a large number of products with comparatively lesser manpower, since this equipment functions automatically.
The key players profiled in this report are as follows:
- Marel (Iceland)
- GEA Group (Germany)
- Bhler AG (Switzerland)
- JBT Corporation (US)
- TNA Australia Pty Limited (Australia)
- Clextral (France)
- Dumoulin (France)
- Spice Application Systems (UK)
- Cargill (US)
- Kerry Group (Iceland)
- Tate & Lyle Plc (UK)
- Newly Weds Foods (US)
- PGP International (US)
- Archer Daniels Midland Company (US)
- Ingredion Incorporated (US)
-
Bowman Ingredients (UK).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Food Coating Market, By Ingredient Type
7 Food Coating Market, By Ingredient Form
8 Food Coating Market, By Equipment Type
9 Food Coating Market, By Mode of Operation
10 Food Coating Market, By Application
11 Food Coating Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/gl7plf/food_coating?w=4
