(MENAFN- P&S Intelligence) In recent times, there has been a sharp rise in the consumption of ready-to-eat food items and fast foods, which has tremendously boosted the requirement for food coating ingredients across the world. Moreover, the rising urbanization and the busier lifestyles of people are further pushing up the demand for ready-to-eat food items such as savory snacks, confectionery and bakery products, nutrient bars, and cereals which is, in turn, bolstering the sales of food coating ingredients throughout the globe. This is because the food coating ingredients are widely used for limiting the contact between the food and the outside environment.
Apart from the growing consumption of convenience foods, the increasing popularity of processed food items is also boosting the need for food coating ingredients as these ingredients play a major role in preserving these food items. In addition to this, the soaring consumption of poultry and meat products is fueling the requirement for these ingredients, on account of the fact that these coatings help in preventing adhesion, disintegration, and agglomeration of the food products.
Besides being extensively used in meat and processed foods, the food coating ingredients are also widely used in vegetables and fruits for preventing the loss of moisture. Furthermore, the surging requirement for food protection agents is positively impacting the growth of the food coating ingredients industry across the globe. Thus, with the growing usage of these coatings, the global food coating ingredients market will exhibit exponential growth in the upcoming years.
Fats and oils, cocoa and chocolates, spices and seasoning, batter and crumbs, flours, sugars and syrups, hydrocolloids, and starches are the most commonly used types of food coating ingredients all over the world. Out of these, the utilization of the cocoa and chocolates coating ingredients was recorded to be considerably high during the last few years. This is ascribed to the high requirement for chocolate and cocoa coatings in a plethora of food items such as confectionery products, convenience foods, and bakery products.
However, in the future years, the usage of the sugars and syrups coatings is predicted to increase rapidly, on account of the numerous desirable properties of these coatings such as the ability to provide sweetness and taste and color to the food items being coated. Across the globe, North America observed the highest sales of these coatings during the last several years. When application is taken into consideration, the food coating ingredients market is categorized into ready-to-eat (RTE) cereals and snack bars, savory snacks, dairy, meat and poultry, frozen foods, bakery, and confectionery food items.
Out of these applications, the confectionery category registered the highest growth in the market in the past, as per the findings of the market research firm, P&S Intelligence. This is credited to the high demand for convenience food items throughout the world in the years gone by. In addition to this, the change in lifestyles and the high spending power of the people in several countries contributed toward the high consumption of various confectionery food products in the past years.
Globally, the Asia-Pacific (APAC) food coating ingredients market is predicted to be very lucrative in the forthcoming years. This is because of the ballooning requirement for processed foods, increasing population, rising disposable income, and changing lifestyles of the people living in the various APAC countries. The sales of food coating ingredients will rise considerably in China, Australia, and India in the years ahead mainly due to the increasing consumption of fast foods and ready-to-eat food products in these countries.
Hence, it can be safely predicted that the sales of food coating ingredients will rise steeply all over the world in the upcoming years, primarily because of the growing consumption of processed foods, ready-to-eat items, and confectionery products and the increasing requirement for food protection agents in many countries around the world.
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