Europe Food Coating Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.45 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Food Coating Ingredients Market Analysis
The European food coating ingredients market is anticipated to register a CAGR of 5.45% during the forecast period (2022-2027).
In 2020, the global COVID19 pandemic drastically affected the growth of the European food coating ingredients market. This was since there were closures of several manufacturing units, which resulted in a decline in food coating production. Moreover, due to these closures, a price shift was observed in the respective region; for instance, the price of sugar and cocoa increased, ultimately increasing the product's price. Therefore, Europe's food coating ingredients market witnessed a change in consumer buying behavior.
Natural ingredients have started occupying a significant share in the formulations of coating ingredients due to the use of natural ingredients. Therefore, European consumers have started increasing the consumption of edible coating foods, driving European market growth.
Moreover, because these ingredients offer dynamic textures to RTE cereals, snacks, and nutritional bars, consumers are showcasing their interest in purchasing these food products, which has also promoted the growth of the food coating ingredients market in Europe.
Europe Food Coating Ingredients Market Trends
This section covers the major market trends shaping the Europe Food Coating Ingredients Market according to our research experts:
Rising Utilization of Flours in Daily Routines
With the rising culture of industrialization, the lifestyle of consumers is changing. The demand for several new innovative delicacies has been increasing drastically. This has promoted the requirement of flours as food coating ingredients. For instance, in certain well-established quick-service restaurants such as KFCs, white corn flour is used as a basic ingredient in the food coating of chicken dishes as flour provides a specific crispy taste to the chicken dish, providing its consumers a new taste. Further, with the rising demand for flour-based innovative foods among consumers, several innovations have been developed in recent years, which have resulted in new product developments. In Europe, a coating system is used on meat, but it is also used with plant-based alternatives. However, there are growing health concerns about fried foods; hence, innovative practices like dipping chicken in egg or buttermilk, coating it with breadcrumbs and then cooking in the oven at 400 degrees deliver a healthier version of fried chicken. Thus, this region's rising demand for flour-based coating products is also driving the market.
Germany Holds a Prominent Share in the Market
Germany is the largest market in the European region. The country has witnessed significant growth in urbanization over a period of time. The growing urbanization has demanded the growth of enormous delicacies from different corners of the world. Moreover, due to the consistency in economic development, the country has experienced a growth in its number of service restaurants in recent years, which is also reflected in the popularity of outlets, namely KFC and McDonald's. Increasing per capita income and consumers' willingness to spend in developing economies are likely to boost the demand for food coating ingredients during the forecast period. Moreover, the growing research and development for the production of plant-based coating ingredients with increased shelf-life may create an opportunity for new entrants in the food coating ingredients market.
Europe Food Coating Ingredients Industry Overview
The European food coating ingredients market is a mature market due to the existence of several domestic and international players in this segment. The top players in this sector are Cargill Inc., Archer Daniels Midland Company, Associated British Foods PLC, Ingredion Incorporated, and Tate & Lyle PLC. The most common strategic move among these top players are product development and product innovation because by adopting these strategies, these players can enable new variants of food coating ingredients in the market, which can enlarge the company's product portfolio, while some of the other players opt mergers and acquisitions as their major strategy, this is because it helps these top performers in this industry to sustain a dominant position and overcome the existing competitive rivalry among the other players in this market specifically.
The European food coating ingredients market is fragmented, with various players in the market. Some of the major players in the market are expanding their product portfolios by introducing innovative products.
Europe Food Coating Ingredients Market Leaders
-
Cargill Inc.
-
Tate & Lyle
-
Archer-Daniels-Midland Company
-
Kerry Group plc
-
Ingredion Incorporated
*Disclaimer: Major Players sorted in no particular order
Europe Food Coating Ingredients Market News
- In 2022, Akorn Technology featured edible coatings for fresh produce that recently got approval from the European Union (EU). This innovation can be used on the whole and cut fresh fruits with skins that are either edible or inedible peels. The strategy behind this new launch was to expand the company's product portfolio.
- In 2021, Kerry Group PLC launched its coating production facility in Rome, Georgia. The recently expanded Rome site provides significant capacity, advanced capabilities, and customized coating solutions. The coating solutions help foodservice, and retail customers deliver flavored products in the coated poultry, seafood, appetizer, and alternative meat categories. The strategy behind the new launch is to enable the growth of the company's business.
- In 2021, PPG Industries, a well-established firm in the food coating segment, expanded its food coatings business in Europe. The major strategy behind this was business expansion, which will also grow the company's brand image.
Europe Food Coating Ingredients Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Sugars and Syrups
5.1.2 Cocoa and Chocolates
5.1.3 Fats and Oils
5.1.4 Spices and Seasonings
5.1.5 Flours
5.1.6 Batter and Crumbs
5.1.7 Other Types
5.2 Application
5.2.1 Bakery
5.2.2 Confectionery
5.2.3 Breakfast Cereals
5.2.4 Snacks
5.2.5 Dairy
5.2.6 Meat
5.2.7 Other Applications
5.3 Geography
5.3.1 United Kingdom
5.3.2 Germany
5.3.3 France
5.3.4 Spain
5.3.5 Italy
5.3.6 Russia
5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cargill Inc.
6.4.2 Archer-Daniels-Midland Company
6.4.3 Tate & Lyle
6.4.4 Kerry Group PLC
6.4.5 Royal Avebe U.A.
6.4.6 Newly Weds Foods
6.4.7 Bowman Ingredients
6.4.8 Ingredion Incorporated
6.4.9 Akron Technology
6.4.10 Apeel Sciences
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Europe Food Coating Ingredients Industry Segmentation
Coating in the food industry is the application of a layer of liquids or solids onto a product. The operation essentially relies on mechanical energy. It mostly consists of setting the product particles in motion and applying the coating ingredient in a certain pattern to expose one to the other. The European food coating ingredients market is segmented by type into sugars and syrups, cocoa and chocolates, fats and oils, spices and seasonings, flours, batter and crumbs, and other types. By application, the market is segmented into bakery, confectionery, breakfast cereals, snacks, dairy, meat, and other applications. By geography, the market is segmented into the United Kingdom, Germany, France, Spain, Russia, Italy, and the Rest of Europe. The report offers market size and forecasts in value (USD million) for the above segments.
| Type | |
| Sugars and Syrups | |
| Cocoa and Chocolates | |
| Fats and Oils | |
| Spices and Seasonings | |
| Flours | |
| Batter and Crumbs | |
| Other Types |
| Application | |
| Bakery | |
| Confectionery | |
| Breakfast Cereals | |
| Snacks | |
| Dairy | |
| Meat | |
| Other Applications |
| Geography | |
| United Kingdom | |
| Germany | |
| France | |
| Spain | |
| Italy | |
| Russia | |
| Rest of Europe |
Europe Food Coating Ingredients Market Research FAQs
What is the current Europe Food Coating Ingredients Market size?
The Europe Food Coating Ingredients Market is projected to register a CAGR of 5.45% during the forecast period (2024-2029)
Who are the key players in Europe Food Coating Ingredients Market?
Cargill Inc., Tate & Lyle, Archer-Daniels-Midland Company, Kerry Group plc and Ingredion Incorporated are the major companies operating in the Europe Food Coating Ingredients Market.
What years does this Europe Food Coating Ingredients Market cover?
The report covers the Europe Food Coating Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Food Coating Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Food Coating Ingredient Industry Report
Statistics for the 2024 Food Coating Ingredient market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Food Coating Ingredient analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
