Global Snack and Nut Coatings Market, By Ingredient (Cocoa and Chocolate Ingredients, Fats and Oils, Salt, Spices and Seasonings, Flours, Starches, Hydrocolloids, Sugars and Syrups, Others), Function (Flavor Enhancers, Texture and Product Shape Improviser, Fat Reduction, Salt Reduction, Fiber Enhancement, Bulking Agents, Color Enhancers, Others), End Users (Fruits and Vegetables, Bakery Snacks, Dairy-Based Snacks, Chips and Crisps, Edible Nuts and Seeds, Meat-Based Snacks, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Snack and Nut Coatings Market
The snack and nut coatings market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.30% in the forecast period of 2021 to 2028 and is expected to reach USD 7.29 billion by 2028. The advancement in food processing is escalating the growth of snack and nut coatings market.
Snack and nut coatings refer to edible food-based ingredients which are widely available in the form of liquids or solids utilized in various food processing applications. These are used for numerous purposes in food industry such as improvisation of texture, protection of ingredients, definition of food products, decoration, prevention of primary constituent’s migration, addition of flavors and enhancement of shelf life in accordance with the consumer’s needs for snack and nut coatings.
The increasing technological advancement in the coating applications and food processing globally and the rise in research and development activities in the food sector to enhance the products are the major factors driving the snack and nut coatings market. The growth in awareness regarding food ingredients and healthy diet and the wide availability of ingredients for coatings of snacks and nuts accelerate the snack and nut coatings market growth. The adoption of product differentiation associated with one or more product offerings coupled with multiple functions in order to improve efficiency of the snacks and nut products production by the manufacturers and the increasing use of coating applications to curb down production cost along with enhancing the quality of food product while catering consumer’s requirements also influence the snack and nut coatings market. Additionally, the change in customer’s consumption patterns, innovations in food packaging, rise in number of small meals consumed in a day by people and high sales of snack and edible nut products positively affect the snack and nut coatings market. Furthermore, increase in demand for customized snacks and nuts, rise in need for clean labeling of food products and growing inclination towards premium segment of snacks and nuts extend profitable opportunities to the snack and nut coatings market players in the forecast period of 2021 to 2028.
On the other hand, growth in awareness regarding the use of food additives such as wax and rising issues with the accumulation of ethanol because of the restricted respiratory gas exchange which also affects the flavor of the food products act as the factors expected to obstruct the snack and nut coatings market growth. Increase in concerns associated with the anaerobic conditions and packaging of the coated food product are projected to challenge the snack and nut coatings market in the forecast period of 2021-2028.
This snack and nut coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on snack and nut coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Snack and Nut Coatings Market Scope and Market Size
The snack and nut coatings market is segmented on the basis of ingredient, function and end users. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of ingredient, the snack and nut coatings market is segmented into cocoa and chocolate ingredients, fats and oils, salt, spices and seasonings, flours, starches, hydrocolloids, sugars and syrups and others.
- On the basis of function, the snack and nut coatings market is segmented into flavor enhancers, texture and product shape improviser, fat reduction, salt reduction, fiber enhancement, bulking agents, color enhancers and others.
- On the basis of end users, the snack and nut coatings market is segmented into fruits and vegetables, bakery snacks, dairy-based snacks, chips and crisps, edible nuts and seeds, meat-based snacks and others.
Global Snack and Nut Coatings Market Country Level Analysis
The snack and nut coatings market is analyzed and market size, volume information is provided by country, ingredient, function and end users as referenced above.
The countries covered in the global snack and nut coatings market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the snack and nut coatings market because of the presence of prominent manufacturers, adoption of customized new ingredients and technological advancements in the food processing techniques. Asia-Pacific is expected to witness the highest CAGR during the forecast period of 2021-2028 because of the improving economic conditions and enhanced consumption of overall snacks and edible nuts in the region.
The country section of the snack and nut coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Snack and Nut Coatings Market Share Analysis
The snack and nut coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to snack and nut coatings market.
The major players covered in the snack and nut coatings market report are AGRANA Beteiligungs-AG, Cargill, Incorporated, TSUNG HSING FOOD MACHINERY CO., LTD, Virgin Nuts, DuPont, Ludlownut Co, PGP International, Tate & Lyle, Ekta Foods, Ready Roast Nut Company, EST FOODS MANUFACTURING AND TRADING, ADM, KARMA NUTS. Inc., Ingredion Incorporated, Bowman Ingredients, Bühler, Jollies Food Company, Best Foods, Ashland, Döhler, Kerry Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.