PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258142
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258142
The global Food Coating Ingredients Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Food Coating Ingredients are used to enhance the product's flavor, texture, and structure. These products not only improve its appearance but also protect the product. The food coating ingredients are majorly used in several applications such as meat, bakery items, morning cereal and snacks etc. The Food Coating Ingredients market is expanding because of factors such as the rising demand for bakery and confectionery products and growing convenience food demand in the forecast period.
According to Statista in 2020, the bakery and confectionery segment is projected to rise and attain volume of around 214,914.0 mKg by 2027. The average volume per person confectionery and snack segment is projected to account for around 25.9 Kg in 2023. Also, according to the Indian Brand Equity Foundation (IBEF) in 2020, in India, the food and beverages industry accounts for about 3 % of the country's GDP. And considered the largest employer in the country Whereas rising growth across the food and beverages sector and favorable initiative by market players create lucrative opportunities for the market. However stringent food safety regulations hamper market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Food Coating Ingredients Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the growing demand from the food and beverage industry, rising working population and changing lifestyle. Whereas the Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing disposable income, growing popularity for RTE convenience foods and rising innovation by market players.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable