The Asia-Pacific food coatings market size was valued at $562.5 million in 2020 and is projected to reach $1,275.9 million by 2030, registering a CAGR of 8.2% from 2021 to 2030.
Food coating is a layer of edible item used in cooking to improve the organoleptic properties and visual appeal of processed, fried, ready-to-eat products, and bakery & confectioneries. Moreover, they are used in cooking for enhancing taste and preservation. Food coatings are available in various types, forms, and textures; each of these have different applications. For instance, batters can be used to avoid moisture loss while preparing delicate food items such as tender meat or fish. In addition, breadings have become a popular option that are applied as food coatings to fried or baked foods to attain certain texture, color, or flavor.
Factors such as rise in the number of quick-service restaurants (QSRs) such as McDonalds, Burger King, Wendy’s, Subway, and Dunkin’ Donuts have significantly contributed toward the growth of the Asia-Pacific food coatings market. Furthermore, the food coatings market has witnessed considerable growth in the commercial sector, owing to the rapid expansion of QSRs and adoption of fast food culture. In addition, development of the food & beverage sector boosts the growth of the Asia-Pacific food coatings market.
Moreover, increase in the number of shopping and experience centers coupled with expansion of the retail sector and changes in lifestyle due to rise in disposable income supplements the demand for food coatings. However, fluctuations in prices of raw materials and health concerns associated with fried food are expected to hamper the demand for fast food, which in turn affects the demand for food coatings. On the contrary, increase in investments by players in R&D for producing gluten-free flours for batter is expected to provide opportunities for the Asia-Pacific food coatings market.
The Asia-Pacific food coatings market is segmented based on type, application, form, end user, and country. On the basis of type, the market is segregated into predust, batters, breadings, specialty crumbs, oven coatings, tempura, and others. Based on application, it is categorized into meat & seafood products, convenience food & ready meals, snacks, baked goods, and others (confectioneries and ready-to eat (RTE) cereals). According to form, it is fragmented into liquid, paste, and dry. Based on the end user, the market is segregated into restaurants, fast food chains, bakery chains, and others. Country-wise, it is segmented into China, India, Australia, Japan, Indonesia, Thailand, Singapore, Malaysia, Vietnam, Philippines, Taiwan, South Korea, and rest of Asia-Pacific.
In 2020, China accounted for the highest share in the Asia-Pacific food coatings market in terms of value and volume. However, India is anticipated to grow at the highest CAGR in terms of value and volume by 2030. The leading players operating in the Asia-Pacific food coatings market have focused on product launch as their key strategy to gain a significant share in the market. The key players profiled in the report include DPS/Dutch Protein & Services B.V., Kerry Inc., McCormick & Company, Inc., Continental Mills, Inc., TNA Australia Pty Limited, Bowman Ingredients, Cargill, Bühler AG, Dumoulin, GEA Group, and JBT Corporation
Key market segments
Food coating is a layer of edible item used in cooking to improve the organoleptic properties and visual appeal of processed, fried, ready-to-eat products, and bakery & confectioneries. Moreover, they are used in cooking for enhancing taste and preservation. Food coatings are available in various types, forms, and textures; each of these have different applications. For instance, batters can be used to avoid moisture loss while preparing delicate food items such as tender meat or fish. In addition, breadings have become a popular option that are applied as food coatings to fried or baked foods to attain certain texture, color, or flavor.
Factors such as rise in the number of quick-service restaurants (QSRs) such as McDonalds, Burger King, Wendy’s, Subway, and Dunkin’ Donuts have significantly contributed toward the growth of the Asia-Pacific food coatings market. Furthermore, the food coatings market has witnessed considerable growth in the commercial sector, owing to the rapid expansion of QSRs and adoption of fast food culture. In addition, development of the food & beverage sector boosts the growth of the Asia-Pacific food coatings market.
Moreover, increase in the number of shopping and experience centers coupled with expansion of the retail sector and changes in lifestyle due to rise in disposable income supplements the demand for food coatings. However, fluctuations in prices of raw materials and health concerns associated with fried food are expected to hamper the demand for fast food, which in turn affects the demand for food coatings. On the contrary, increase in investments by players in R&D for producing gluten-free flours for batter is expected to provide opportunities for the Asia-Pacific food coatings market.
The Asia-Pacific food coatings market is segmented based on type, application, form, end user, and country. On the basis of type, the market is segregated into predust, batters, breadings, specialty crumbs, oven coatings, tempura, and others. Based on application, it is categorized into meat & seafood products, convenience food & ready meals, snacks, baked goods, and others (confectioneries and ready-to eat (RTE) cereals). According to form, it is fragmented into liquid, paste, and dry. Based on the end user, the market is segregated into restaurants, fast food chains, bakery chains, and others. Country-wise, it is segmented into China, India, Australia, Japan, Indonesia, Thailand, Singapore, Malaysia, Vietnam, Philippines, Taiwan, South Korea, and rest of Asia-Pacific.
In 2020, China accounted for the highest share in the Asia-Pacific food coatings market in terms of value and volume. However, India is anticipated to grow at the highest CAGR in terms of value and volume by 2030. The leading players operating in the Asia-Pacific food coatings market have focused on product launch as their key strategy to gain a significant share in the market. The key players profiled in the report include DPS/Dutch Protein & Services B.V., Kerry Inc., McCormick & Company, Inc., Continental Mills, Inc., TNA Australia Pty Limited, Bowman Ingredients, Cargill, Bühler AG, Dumoulin, GEA Group, and JBT Corporation
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Asia-Pacific food coatings market analysis from 2020 to 2030 to identify the prevailing market opportunities
- The market research is offered along with information related to key drivers, restraints, and Asia-Pacific food coatings market opportunities
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network
- In-depth analysis of the Asia-Pacific food coatings market segmentation assists to determine the prevailing market opportunities
- Major countries in each region are mapped according to their revenue contribution to the Asia-Pacific food coatings market
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the Asia-Pacific food coatings market players
- The report includes analysis of Asia-Pacific food coatings market trends, key players, market segments, application areas, and Asia-Pacific food coatings market growth strategies
Key market segments
By Type
- Predust
- Batters
- Breadings
- Specialty Crumbs
- Oven Food Coatings
- Tempura
- Others
By Application
- Meat & Seafood Product
- Convenience Foods & Ready Meals
- Snacks
- Baked Goods
- Others
By Form
- Liquid
- Paste
- Dry
By End User
- Restaurants
- Fast Food Chains
- Bakery Chains
- Others
By Country
- Asia-Pacific
- China
- India
- Australia
- Japan
- Indonesia
- Thailand
- Singapore
- Malaysia
- Vietnam
- Philippines
- Taiwan
- South Korea
- Rest of Asia-Pacific
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Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Asia-Pacific Food Coating Market, by Type
Chapter 5: Asia-Pacific Food Coating Market, by Application
Chapter 6: Asia-Pacific Food Coating Market, by Form
Chapter 7: Asia-Pacific Food Coating Market, by End-user
Chapter 8: Asia-Pacific Food Coatings Market, by Country
Chapter 9: Competition Landscape
Chapter 10: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Asia-Pacific Food Coatings Market by Type, Application, Form, and End User: Opportunity Analysis and Industry Forecast, 2021–2030,” The Asia-Pacific food coatings market size was valued at $562.5 million in 2020, and is projected to reach $1,275.9 million by 2030, registering a CAGR of 8.2% from 2021 to 2030.Increasing popularity of fast-food restaurants majorly boosts the growth of the Asia-Pacific food coatings market. China and Japan are the largest consumers of food coatings, owing to the presence of large urban population base and surge in the number of quick-service restaurants (QSRs) such as McDonalds, Burger King, Wendy’s, Subway, and Dunkin’ Donuts. These outlets rely on the use of food coatings such as batter, breading, oven coating, predust, and others to improve taste and enhance the visual appeal of the served food items, thereby fueling the market growth. In addition, growth of retail chains in India, China, Thailand, Vietnam, and others leads to large-scale usage of food coatings as well as beef, pork, poultry, seafood, and other meat products. Food coating serves as an important ingredient used during cooking fried and crusted meat, which further increases its demand; thereby, driving the growth of the Asia-Pacific food coatings market.
The global coronavirus pandemic has created a number of challenges for exporters in the developing and developed countries. Challenges for engaged stakeholders in the food coating market are likely to prevail owing to widespread restrictions across the continent. Supply chain disruption, lack of availability of worker, complete shutdown of hotels & restaurants, lack of tourism, demand-supply volatility has negatively affected the Asia-Pacific food coatings market opportunities. Moreover, restriction on the movement of goods along with quarantine and lockdown measures imposed by governments are key challenges food coatings players are facing during this pandemic.
In 2020, the predust coatings type segment accounted for the highest market share in the Asia-Pacific region, and is anticipated to grow at a significant CAGR of 4.7% during the forecast period. Predust or duster is a type of food coat that contains unprocessed flour or a blend of egg whites, starch, and other minor ingredients such as spices and salts. It is dusted on a food product to prepare the surface of a substrate before the second coating is applied.
As per the Asia-Pacific food coatings market analysis, the meat & seafood segment accounted for the highest share in the market in 2020. Meat & seafood products are rich in essential minerals, and micro- & macronutrients, especially vitamin B12, iron, zinc, selenium, and protein. These products can be cooked in a variety of ways wherein food coatings help enhance the organoleptic properties and visual appeal of the cooked meat & seafood products Moreover, increase in affluent population coupled with emergence of sedentary lifestyle supplements the Asia-Pacific food coatings market growth
As per the Asia-Pacific food coatings market trends, in 2020, China accounted for the highest share in the market, and is projected to witness significant revenue growth from 2021 to 2030, owing to increase in affluence, rise in fast food outlets in the region, and high consumption of meat. According to the Organization for Economic Co-operation and Development (OECD), the total consumption of poultry meat in China was 23,210.24 kilotons in 2020 compared to 22,845.36 kilotons in 2019.
India is anticipated to exhibit the highest growth rate in the Asia-Pacific food coatings industry, owing to increase in consumption of meat and rise in the number of quick-service restaurants (QSRs). Furthermore, upsurge in disposable income and busy lifestyle have persuaded people to adopt convenient food options such as fast foods and ready-to-eat meals, which include predust, batter, breadings, and other products. This change in consumption pattern is expected to drive the growth of the food coatings market in the Asia-Pacific region.
Key Findings Of The Study
- By type, the predust segment was the highest contributor to the market in terms of value, and is estimated to grow at a CAGR of 47% from 2021 to 2030
- By application, the meat & seafood segment accounted for the highest Asia-Pacific food coatings market share in 2020, growing at a CAGR of 72% from 2021 to 2030
- By form, the dry segment accounted for the highest market share in 2020, growing at a CAGR of 75% from 2021 to 2030
- By country, China occupied the maximum share in the market in 2020 and is expected to be the dominating country during the Asia-Pacific food coatings market forecast period
Companies Mentioned
- DPS/Dutch Protein & Services B.V.
- Kerry Inc.
- McCormick & Company, Inc.
- Continental Mills, Inc.
- TNA Australia Pty Limited
- Bowman Ingredients
- Cargill
- Bühler AG
- Dumoulin
- GEA Group
- JBT Corporation.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 360 |
| Published | February 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 562.5 million |
| Forecasted Market Value ( USD | $ 1275.9 million |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 11 |
