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Food Coating Market by Ingredient Type, Application, Equipment Type, Form, Mode of Operation And Region - Global Forecast to 2023

Food Coating Market: Global Forecast until 2023

  • July 2018
  • 191 pages
  • ID: 5482948
In this report:
It further stated that the world consumed approximately ## million tons of chocolate and other cocoa products in 2015, and it is expected to rise by ##%-##% in the upcoming years.
According to the Manufacturers Agents Association for the Foodservice Industry, "2016 Commercial Foodservice Market Forecast Report", the sales of food preparation equipment increased by ##.##% in 2016 as compared to 2015 due to the expansion of food processing companies and a sizable boost in the foodservice industry.

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Food Coating Market is projected to extend 5,936.3 USD Million by 2023 at a Compound annual growth rate of ~5.0 percent from 2018-2023. The food coating equipment and food coating ingredients industries are estimated to grow at a CAGR (Compound annual growth rate) of 3.70 percent and 5.80 percent, respectively.

The food coating ingredients and equipment sectors are forecasted to be valued at ~$2.7B and ~$1.9B, respectively, in 2018 and are forecasted to reach a value of ~$3.6B and ~$2.3B by 2023, increasing at a compound annual growth rate (CAGR) of 5.80 percent and 3.70 percent respectively, from 2018 to 2023. The industry is primarily influenced by Elements such as growing demand for frozen breaded meat products, seasoned veggie chips with specialty flavors, together with premium confectionery products enrobed with chocolate and increasing demand for processed and convenience food. Nevertheless, increasing costs of production due to growing energy & labor costs and the increasing demand for organic and fresh food products are some factors which are anticipated to restrict the rise of the food coating equipment market in the long run.

On the basis of application type, meat & poultry is forecasted to be the quickest-growing segment in the food coating market during the estimate period.

Established on the application of food coating, the meat & poultry segment is expected to rise at the highest level rate. The expected increase in production units in countries including the US, a shift in the consumption patterns, and preference for premium and chocolate & bakery products together with increase in demand for frozen meat products, and increase in the number of quick-service restaurants in some developing countries of Asia including India, Indonesia (ID), and Thailand (TH) are supporting the increase of meat & poultry coating.

The automatic segment is expected to grow at the maximal rate for the food coating equipment market during the outlook period.

One of the driving factors for the rising use of automated food coating equipment is its ability to offer accurate coating.Automation of equipment in the food coating sector provides to accurate coating, fast & 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 big number of products with comparatively lesser manpower, since this equipment functions automatically.

North America (NA) and EU are expected to account for the biggest share of the food coating ingredients and food coating equipment market, respectively in 2018

North America continent is forecasted to dominate the food coating ingredients market in 2018 and is expected to grow steadily over the next five years.The sector for food coating ingredients in this area is influenced by the flourishing food processing market.

On top of, the increase in health issues including obesity and heart ailments in the territory has prompted people to focus on eating healthy products including breakfast cereals for diet management, in response to which food coating ingredient manufacturers have introduced their products with low sugar content and absence of allergens. Such factors have provided a boost to food coating ingredient manufacturers in North America (NA).

Break-up of Primaries:

• By Organization: Tier 1 - 20.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 45.0 percent

• By Description: C-suite - 25.0 percent, and Director-level - 35.0 percent, Others - 40.0 percent

• By Area: North America continent - 15.0 percent, Europe (EU) -15.0 percent, Asia Pacific (APAC) - 40.0 percent, and rest of the world - 30.0 percent

Segment Research

The document breaks down the food coating market based on ingredient type, ingredient form, application, equipment type, mode of operation, and area. In terms of insights, this market research has emphasized different levels of analyses-competitive landscape and company descriptions, which together comprise and examine the basic overviews on the emerging & high-growth segments of the food coating market, high-growth areas, territories, government actions, drivers, market restraints, alternatives, and opportunities.

Why acquiring this study can help you:

• To benefit a comprehensive overview of the food coating market

• To benefit wide-ranging information about the top actors in this market, their products review, and top strategies approved by them

• To benefit business insights about the main countries/localities in which the food coating market is prospering

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