Coatings and Fillings Market Expected to Grow at CAGR of 5.9% by Forecast to 2023

November 21 06:19 2017

“Market Research Future Published a Half Cooked Research Report on the Global Coatings and Fillings Market, which is estimated to grow at a CAGR of 5.9% during the forecast period 2017-2023”
Coatings and Fillings Market Information: by Flavor (Chocolate, Hazelnuts), Form (Liquid), Application (Bakery and Confectionery) and Region – Forecast till 2023

Market Overview:

Coatings and fillings is an application of a layer of any substance on the food products, which adds taste, texture, and flavor and also improves the appearance of the product. Chocolate, hazelnuts, caramel, fruit, vanilla, and others are some of the commonly used flavors in coatings and fillings. They are applicable in various industries such as bakery and confectionery, dairy and frozen desserts, sweet and savory snacks, beverages, and others. Moreover, they are applicable in different forms such as liquid, powder, granular and chunks, and others.

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Major Key Players:

The major players in the coatings and fillings market

  • Cargill, Incorporated (U.S.)
  • Archer Daniels Midland Company (U.S.)
  • Domson Ltd (U.K.)
  • DuPont Nutrition & Health (Denmark)
  • Barry Callebaut (Switzerland)
  • Belgostar (Belgium)
  • Tate & Lyle (U.K.)

Downstream Analysis

Based on the flavor, coatings and fillings market is segmented into chocolates, hazelnuts, caramel, fruit, vanilla, and others. Chocolate is dominating the market owing to the health benefits associated with it such as improved blood flow and reduction in the risk of heart-related disease. However, fruit and hazelnuts are projected to witness substantial growth over the forecast period owing to the wide range of flavors available along with different health benefits.

On the basis of the form, coatings and fillings market is segmented into liquid, powder, granular and chunks, and others. The liquid form of coatings and fillings is projected to grow at a fast rate based on its ease of application in the various product line. However, the granular and chunks are expected to witness a moderate growth over the estimated period owing to its increasing demand in bakery and confectionery followed by dairy and frozen desserts.

Based on the application, the market is segmented into bakery and confectionery, dairy and frozen desserts, sweet and savory snacks, beverages, and others. Bakery and confectionery segment is dominating the market owing to rising demand for baked and confectionery products in developed countries. However, dairy and frozen desserts are likely to witness substantial growth over the estimated period.

Regional Analysis

The global coatings and fillings market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Europe is dominating the market followed by North America. Technological advancements and continuous innovations are some of the major factors driving the coatings and fillings market in Europe. In North America, the U.S. is prominent in consumption of coatings and fillings.

Asia Pacific is projected to witness a substantial growth over the forecast period owing to changing the lifestyle of the population in developing countries such as China and India. Moreover, increasing application of coatings and fillings in the various product line is expected to boost the growth of the market in rest of the world.

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Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3Coatings and Fillings Market Industry Insights

Chapter 4 Coatings and Fillings Market by Flavor Insights

Continued….

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