(Entertainment-NewsWire.com, June 27, 2017 ) The Latin America Food Coating Ingredients market has been estimated at USD 0.30 Billion in 2016 and is projected to reach USD 0.42 Billion by 2021, at a CAGR of 7.50% during the forecast period from 2016 to 2021. Food coating involves food processing by controlling a product’s development, arrangement, texture and taste structures. Food coating ingredients can be liquid or solid, depending upon the particular application. They play an important role in the processed food industry.
The market for Food coating ingredients in Latin America is mainly driven due to factors like highly increasing usage of antimicrobial food coating components, hectic and sedentary lifestyles leading to choosing products with food coatings which contains vitamins and nutrients to enhance the nutritional profile. But, the market growth can be declined due to varied food regulations along with stringent laws governing the food items.
Latin America market for Food Coating Ingredients is segmented based on type and application. By type, the market is further sub-segmented into Cocoa, Chocolate, Fats & Oil, Salt, Spices, Flour & Batter, Starch, Hydrocolloid, Sugar & Syrups. By application, the market is further sub-segmented into Bakery, Confectionery, Cereal, Dairy, Snacks, Fruits & Vegetables, and Meat. Sugar & syrups is projected to experience the highest growth, and cocoa & chocolate is contributing to second largest share. The growth can be attributed to rising demand for bakery and confectionery products.
Geographically, Latin America market for Food Coating Ingredients is segmented into Brazil, Argentina and Mexico. The growing bakery and confectionery industries, increasing demand for convenience foods and up surging consumer demand for food protection agents are the factors that are increasing the demand as well as creating opportunities in this region for Food Coating Ingredients market.
Cargil, Incorporated, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Kerry Group plc, Ashland Inc., Tate & Lyle PLC, AGRANA Group, PGP International, Inc., DohlerGroup, and SensoryEffects Ingredient Solutions are the major players of Latin America Food Coating Ingredients market.
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