Market Research Report
Europe Food Coating Ingredients Market - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||389837|
|Published||Content info||100 Pages
Delivery time: 2-3 business days
|Europe Food Coating Ingredients Market - Growth, Trends, and Forecast (2018 - 2023)|
|Published: May 5, 2018||Content info: 100 Pages||
The Europe food coating ingredients market is projected to reach USD 3.2 billion by 2023 and is expected to witness a CAGR of 5.45%, during the forecast period (2018 - 2023).
The market for food coating ingredients in Europe is driven by growing demand for bakery products, popularity of gluten free and sugar free range of bakery and confectionery products, containing food coatings.
The stringent regulations have create profound impact on the type of offerings. Natural ingredients have started occupying significant share in the formulations of coating ingredients although this has added up to the overall cost of the final products. However these stringent regulations has demonstrated the flip side - by restricting the innovation and consequently acting as impediment for the European food coating ingredients market.
The Europe food coating ingredients market is segmented based on type, application and country. There has been substantial trade of fruits, vegetables, and cereals within the EU that has provided impetus to oils and hydrocolloids as coating ingredients. Moreover the textural contribution that coating ingredients confers to the RTE cereals, snacks and nutritional bars has also facilitated the growth of food coating ingredients in Europe. RTE Cereals, snack, and nutrition bars are thus expected to be one of the leading application areas of food coating ingredients in Europe.
There is a strong demand for anti-microbial food coatings in the backdrop of recent food safety scars in Europe. There has been strong regulatory push for anti-microbial coating owing to accumulating evidences and supportive documents of such coatings in keeping the safety of processed food products intact. The heightened awareness of food safety among consumers has been bolstering the demand further.
October 2017 - The Apeel Sciences has recently developed an ultra-thin surface coating for fresh fruits and vegetables from the food waste.
Major players - ARCHER DANIELS MIDLAND COMPANY (ADM), AGRANA BETEILIGUNGS-AG, ASHLAND INC., AVEBE, BALCHEM CORPORATION, BARRY CALLEBAUT, BOWMAN INGREDIENTS, CARGILL INCORPORATED, CODRICO, DU PONT, INGREDION INCORPORATED, KERRY GROUP PLC, among others.
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Analyzing outlook of the market with the recent trends and Porters five forces analysis
Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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