Market Research Future (Food and Beverages) Food Coating Ingredients Market Research Report | Page 4

Food Coating Ingredients Market Research Report– Forecast to 2023
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Segments:
The global food coating ingredients market is segmented into type and application.
On the basis of the type, it is segmented into cocoa & chocolates, sugars & syrups, spices & seasonings, starches,
hydrocolloids, fats & oils, crumbs, flours, and others. Among all, the cocoa & chocolate segment is dominating the
market owing to the health benefits associated with its consumption. However, the sugars & syrups segment is
projected to witness substantial growth in the coming years owing to its wide range of use in various food products.
On the basis of the application, it is segmented into bakery, confectionery, dairy, frozen foods, RTE meals, snack
and nutrition bar, and others. Among all, the bakery segment is dominating the market owing to the high use of food
coating ingredients. Moreover, shifting inclination of the population in developed countries towards baked and
confectionery products is driving the growth of the market. However, dairy and frozen desserts are likely to witness
substantial growth over the estimated period.
Regional Analysis:
The global food coating ingredients market is segmented into North America, Europe, Asia Pacific, and rest of the
world (ROW). Among these, European region has the major market share. The market is projected to grow at a
steady pace in the review period. Asia-pacific will be the fastest growing region in the food coating ingredients market.
High growth in emerging economies such as China, India, Japan, Australia, and the Latin American countries, offers
ample opportunities for expansion to major players.
Moreover, the high consumption of processed and convenience food products in growing economies of Asia-Pacific
and Latin America and growing demand for bakery and confectionery products especially in China and India will be
the crucial factor underlining the market growth.
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