According to the latest report by IMARC Group, titled “Edible Films and Coating Market Report by Ingredient Type (Protein, Lipids, Composites), Application (Dairy Products, Bakery and Confectionery, Fruits and Vegetables, Meat, Poultry and Seafood, and Others), and Region 2023-2028," the global edible films and coating market size reached US$ 2.54 Billion in 2022. Edible films and coatings refer to layers of edible material applied to food products to extend shelf life, enhance appearance, and maintain overall quality. They are formulated using natural polysaccharides, proteins, and lipids, which offer different functionalities and properties. Edible films and coatings are categorized into various types, including protein-based, lipid-based, and carbohydrate-based films. They find extensive applications in processed foods, fruits and vegetables, bakery and confectionery, dairy, meat and poultry, seafood, and beverages. Edible films and coatings offer moisture control, barrier to gases, enhanced sensory attributes, and extended shelf life. They also provide several advantages, including cost-effectiveness, easy applicability, eco-friendliness, and a reduction in the use of synthetic preservatives.
Edible Films and Coating Market Trends:
The widespread product utilization owing to the increasing demand for convenience and packaged foods is propelling the market growth. Additionally, shifting consumer preference toward natural and sustainable packaging solutions is boosting the market growth. Furthermore, the imposition of strict food safety regulations focusing on minimizing food waste is acting as another growth-inducing factor. Besides this, the recent technological advancements in material science, which have led to the development of new and more effective types of edible films and coatings, are positively influencing the market growth. In addition, the heightened health consciousness among consumers, coupled with the escalating awareness regarding the adverse effects of synthetic packaging, is catalyzing the market growth. Moreover, the upsurge in e-commerce food sales, which has increased the need for durable and sustainable packaging options, is favoring the market growth. Along with this, the escalating investments in research and innovation to produce more innovative and efficient products are fueling the market growth. In addition, the growing demand for plant-derived edible films and coatings owing to the emerging trend of veganism is strengthening the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 4.07 Billion by 2028, exhibiting a CAGR of 8.23% during 2023-2028.
- On the basis of the ingredient type, the market has been classified into protein, lipids, and composites.
- Based on the application, the market has been divided into dairy products, bakery and confectionery, fruits and vegetables, meat, poultry and seafood, and others. According to the report, fruits and vegetables represented the largest segment.
- On a regional basis, the market has been categorized into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Currently, North America is the largest market for edible films and coating.
- The competitive landscape of the industry has also been examined, with some of the key players being AgroFresh Solutions Inc., Akorn Technology Inc., Cargill Incorporated, Döhler GmbH, Glanbia plc, Nagase & Co. Ltd., Pace International LLC (Sumitomo Chemical Co. Ltd.), RPM International Inc., Sufresca, etc.
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Ingredient Type
|Ingredient Types Covered
||Protein, Lipids, Composites
||Dairy Products, Bakery and Confectionery, Fruits and Vegetables, Meat, Poultry and Seafood, Others
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||AgroFresh Solutions Inc., Akorn Technology Inc., Cargill Incorporated, Döhler GmbH, Glanbia plc, Nagase & Co. Ltd., Pace International LLC (Sumitomo Chemical Co. Ltd.), RPM International Inc., Sufresca, etc.
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