Filling Coatings, Global Market Size Forecast, Top 12 Players Rank and Market Share (Internet Services - Other Internet Services)
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Filling Coatings, Global Market Size Forecast, Top 12 Players Rank and Market Share | |
Filling Coatings are the application of a layer of liquid or powder form of any substance on the food product. The main attribute of filling coating is to improvise taste, texture, appearance, and flavor in the food and beverage industry. The most commonly-used flavors in filling coatings are bean, cocoa & chocolates, fats & oils, fruit. Nut others. They have a wide range of application in bakery and confectionery, dairy products, sweet and savory snacks, beverages and others. High demand for confectionery products is driving the market for filling coatings. According to the new market research report “Global Filling Coatings Market Report 2023-2029”, published by QYResearch, the global Filling Coatings market size is projected to reach USD 31.49 billion by 2029, at a CAGR of 3.1% during the forecast period. The global key manufacturers of Filling Coatings include Cargill, Barry Callebaut, Nestle, ADM, Olam, AAK, Luying, Kyo-Nichi Todai Foods, Fuji Oil, AGRANA, etc. In 2022, the global top five players had a share approximately 28.07% in terms of revenue. Market Drivers: Global population growth and acceleration of urbanization will bring about 60%-70% of global food demand growth. Since the middle class is growing faster than the global population, it will have a greater impact on food demand. From a national perspective, developed countries will continue to seek high-quality food supplies; emerging countries will shift from consuming primary processed products to transformed foods. The aging process of the population in developed countries will bring demand for specific foods. The characteristics of the main consumer structure determine the changes in the consumption structure. Changes in consumer structure affect consumption preferences. For example, at the age level, serious aging has led to greater growth in consumption such as medical care and pensions. Also, significant intergenerational transfers of wealth and the deepening of financial credit instruments have gradually increased the purchasing power of the younger generation of consumers. On the other hand, the different income conditions of consumer subjects lead to different consumption power and consumption preferences. Considering income and assets/wealth comprehensively, consumers can be divided into poor, middle-class, and affluent classes. Compared with the poor, the purchasing power and willingness of the middle class are stronger, and the marginal propensity of the middle class to consume is higher than that of the rich. Therefore, the middle-class group has a profound influence on the structure of consumption expenditure, the improvement of the quality of consumer products, and consumption patterns. Restraint: The major restraint for the confectionery fillings market is a large of fat & calories and low amounts of nutrients present in the fillings. This is due to the rising concern for health and nutrition among consumers, owing to the increasing incidence of diseases, such as obesity and diabetes. In addition, QYR cited data from the IMF showing that global economic growth is declining and potential economic crises may emerge in the future. The trade friction between China and the United States has caused the global economy to face great uncertainties. Opportunity: Filling Coatings market is highly influenced by the growth of processed food industry. They are used in the food industry like bakery products, confectionery, snacks & bars owing to its attribute of adding taste, texture, appearance, and flavor to the food products. High inclination of growing population towards the appearance of the product is driving the market for coatings and filling. Changing lifestyle followed by a changing consumption pattern are adding fuel to the growth of coatings and fillings market. Moreover, rapid growth in the technology and continuous efforts in R&D is bringing innovations in coatings and fillings, which is further boosting the growth of the coatings and fillings market. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
| Target Nation: All Nations Target City : All Cities Last Update : 29 March 2024 3:30 AM Number of Views: 74 | Item Owner : Joyce Contact Email: Contact Phone: 13051817187 |
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2024-12-20 (0.227 sec)