Fior Markets launched a study titled “Starch Based Edible Coatings Market by Source (Corn Starch, Potato, Sweet Potato, Cassava, Others), Application, Regions”,and Global Forecast 2018-2025.
The global starch based edible coatings market is expected to grow from USD XX.XX Million in 2017 to USD XX.XX Million by 2025, at a CAGR of X.XX% during the forecast period from 2018-2025. Rising demand for the biodegradable protective coatings for fruits and vegetables, meat, poultry, and fish items are factors that are driving the global starch based edible coatingsmarket.
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Source segment is divided into corn starch, potato, sweet potato, cassava, others. As corn starch reinforced with glycerol and nutmeg oil nanoemulsion is being widely used in the food processing industry, the corn starch segment led the global starch-based edible coatings market with USD XX.XX million revenue in 2017.
Application is segmented into fruits & vegetables, meat, poultry & fish, dairy products, nutritional products, bakery & confectionery, others. Fruit and vegetable segment emerged as the largest application segment in the global starch-based edible coatings market with USD XX.XX million revenue in 2017. This increased growth can be attributed to rising consumer preference for high-quality, minimally processed fresh foods, and vegetable products.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Europe region led the global starch-based edible coatings market in 2017 with USD XX.XX million in revenue. Presence of well-developed industry, increasing consumer preference for healthier and more ecological foods as well as the implementation of stringent food safety norms are some of the factors behind this increased growth. However, Asia Pacific region is anticipated to grow at an accelerated CAGR of X.XX% over the forecast period. This augmented growth rate can be attributed to factors such as increasing population with growing per capita income and improved standards of living as well as rising awareness pertaining ill effects of petroleum-based edible coatings within the Asia Pacific region.
Although the superior efficiency and functional properties of the starch-based edible coatings and growing consumer preference for biodegradable food coatings are proving to be the driving forces for the market. The availability of cheaper alternatives and fluctuation in the raw material prices are anticipated to hamper the market growth.
Major players in the global starch based edible coatings market are Cargill Inc., Tate and Lyle PLC., Ingredion Inc., Archer Daniels Midland Company, Avebe, BENEO GmbH, Roquette Freres, Flo Chemical Corporation, Millennium Starch India Pvt.Ltd, Tidecom Technology Co., Ltd, Ashland Inc., Royal DSM N.V., CP Kelco, Kerry Group PLC, Monosol LLC, and among others.
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