IMARC Group, a leading market research company, has recently releases report titled Edible Films and Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the edible films and coating market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Edible Films and Coating Market?
The global edible films and coating market size reached US$ 2.54 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.07 Billion by 2028, exhibiting a growth rate (CAGR) of 8.23% during 2023-2028.
What are Edible Films and Coating?
Edible films and coatings are thin layers of edible material applied to food products to serve as a barrier against external elements. These biopolymer-based layers are primarily composed of polysaccharides, proteins, lipids, or a composite of these substances, designed to extend the shelf life of foods by retarding moisture transfer, oxygen ingress, and lipid oxidation.
Characterized by their versatility, they can be tailored with functional additives like antioxidants, antimicrobials, and flavorings to enhance food safety, quality, and sensory attributes. Edible films and coatings are distinguished by their biodegradability and potential to reduce plastic waste, addressing environmental concerns associated with conventional packaging. Their application spans a variety of food categories, from produce to confectionery, acting as carriers for nutraceuticals, thus contributing to the nutritional enhancement of foods.
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What are the growth prospects and trends in the edible films and coating industry?
The burgeoning food industry is catalysing the demand for edible films and coatings worldwide. Moreover, the versatility of edible films and coatings is being augmented through the integration of natural preservatives and nutrients, which caters to the growing health-conscious consumer base. Additionally, breakthroughs in nanotechnology and biopolymers are paving the way for more resilient and efficient films and coatings.
Besides this, the intensifying drive towards sustainable and waste-reducing practices in food packaging is encouraging the innovation of edible solutions that can be consumed with the product, thereby diminishing packaging waste. This shift is gaining traction globally and shaping a promising future for the market. In tandem, the wide-ranging applicability of edible films and coatings in various food sectors, such as dairy, fruits, and vegetables, along with their ability to enhance both the protective and nutritional aspects of food, is fueling market expansion. This dedication to innovation is enhancing the functional qualities and sensory experience of foods, thus reinforcing the market growth worldwide.
Who are the key players operating in the industry?
The report covers the major market players including:
- AgroFresh Solutions Inc.
- Akorn Technology Inc.
- Cargill Incorporated
- Dhler GmbH
- Glanbia plc
- Nagase Co. Ltd.
- Pace International LLC (Sumitomo Chemical Co. Ltd.)
- RPM International Inc.
- Sufresca
What is included in market segmentation?
The report has segmented the market into the following categories:
Ingredient Type Insights:
- Protein
- Lipids
- Composites
Application Insights:
- Dairy Products
- Bakery and Confectionery
- Fruits and Vegetables
- Meat, Poultry and Seafood
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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