Market Research Report
Edible Films and Coating Market - Growth, Trends and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||754847|
|Published||Content info||105 Pages
Delivery time: 2-3 business days
|Edible Films and Coating Market - Growth, Trends and Forecasts (2020 - 2025)|
|Published: February 1, 2020||Content info: 105 Pages||
Global eddible films and coating market is projected to register at a CAGR of 8.34%, during the forecast period 2020-2025.
Growing Demand for Processed Food Across Globe
The demand for processed food products is on an increase over the past few years. These food products contain added sugar, fats, oils, and salts to enhance the taste and flavor of the foods. Processed food products like pasta and noodles are consumed in several countries as a staple food. Hectic lifestyles and the need for leisure has propelled the need for convenient food products. Ready meals, confectionery, bakery products, and several other processed food products require less preparation time. Due to the growing health awareness, food manufacturers are concentrating on using natural food additives that are functional, have high effectiveness, and low toxicity in these food products. Moreover, processed foods require longer shelf-life packaging, which edible coatings are capable of providing. Due to the large consumption of processed foods, the usage of edible films and coatings is expected to drive the edible film and coating market growth.
North America Continue to Dominate the Global Market
The North America region is projected to dominate the global edible films and coatings market over the forecasted period. Europe is expected to be an emerging market for edible films and coating during the forecast period. Owing to the growing nutraceutial industry in the European countries is expected to be the driving factor for edible films and coating market in the forecast period. In developing region such as Asia-Pacfic is projected to show a significant growth during the forecast period. China is expected to be the major contributor in terms of market growth for edible film and coating market followed by Japan.
The key players operating in the market are majorly investing in the R&D to offer unique packaging to the end use industries, thereby, differentiating their product portfolio from the competitors. Some of the major key players in the edible film and coating market, globally includes Tate & Lyle, DuPont, Ashland, Koninklijke DSM N.V., Cargill Inc, Devro Plc, Kerry Inc, among others.