Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.96 Billion | USD 7.1 Billion | 6.4% | 2021 |
FrequentlyAsked Questions
The global food coating ingredients market is projected to grow owing to the growing revenue registered by fast food retail chains like McDonald’s, Kentucky Fried Chicken, and Burger King. Companies serving fast food items rely heavily on fried items, which are heavily coated with food-coating ingredients.
According to study, the global food coating ingredients market size was worth around USD 3.96 billion in 2021 and is predicted to grow to around USD 7.1 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.4% between 2022 and 2030.
The global food coating ingredients market is projected to witness the highest growth in North America owing to the extensive use of technology in the research & development of high-grade ingredients as well as the presence of some of the large corporations that deal in the export of vast amounts of food solutions.
The global food coating ingredients market is led by players like JBT Corporation, Cargill Inc., Ingredion, Tate & Lyle PLC, Bowmen Ingredients, and Kerry amongst others.
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