Functional Edible Coatings Market Outlook
Functional edible coatings are used to preserve the products and to increase its shelf-life. Functional edible coatings are environmental friendly coatings that are applied to various products to control the various factors such as gas exchange, moisture transfer, and the oxidation process. Functional edible coatings are made with active ingredients to form a complex polymer matrix, and thus, offer an additional advantage by enhancing the nutritional and sensory characteristics of the product. Functional edible coatings are used in various industries such as food, pharmaceutical, nutraceutical, etc.
Increasing Population is estimated to have a Positive Influence on the Functional Edible Coatings Market
The major focus of the manufacturers in various industries is to increase the shelf-life of its products and to maintain consistency in the quality. These factors are anticipated to serve as a major driver for the functional edible coatings market. Functional edible coatings offer exceptional properties as they help to retain the moisture and control various aspects. Functional edible coatings help to extend the shelf-life, and therefore, also enables to develop high-quality products. Thus, the demand for functional edible coatings is estimated to increase as it is aligned with the requirements of the manufacturers.
The consumer shift from synthetic to natural products is estimated to drive the functional edible coatings market. In the past few years, there has been a big change in consumer perception. The increasing awareness among consumers is one of the key reason for the changing consumer preferences. Due to this, the inclination of the manufacturers is also increasing towards the use of natural and edible products. Thus, the acceptance of functional edible coatings is estimated to increase as an alternative to the various synthetic coatings that are available in the market.
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The rising population is expected to drive the functional edible coatings market. With the increasing population, the demand for fruits and vegetables is going to increase all across the world. But the main disadvantage is that fruits and vegetables have very small shelf-life and are easily perishable. Also, there are huge losses of fruits and vegetables due to the damage done by the weather, micro-organisms, insects, and other such factors. According to the UN FAO SAVE FOOD Initiative, almost half of the fruits and vegetables produced are wasted. Also, according to the FAO, more than 820 million people do not have enough to eat. As the population increases, the losses of fruits and vegetables is not affordable as this can cause a shortage of food materials in various regions of the world. Therefore, the use of functional edible coatings is an effective method to improve its shelf-life. Functional edible coatings offer protective covering to the fruits and vegetables and are also beneficial for the health of the consumers. Thus, the increasing population is estimated to have a positive impact on the functional edible coatings market.
Functional Edible Coatings Market: Regional Analysis
Functional edible coatings market is estimated to increase in the North America and Europe region. The increasing health awareness, presence of key food and other industry players, and demand for natural products are estimated to serve as some of the drivers for the functional edible coatings market in the North America and Europe region. Also, the Asia Pacific region is anticipated to grow at a moderate rate due to the high growth rate of the population and more dependence on agricultural products for the income generation.
Functional Edible Coatings Market: Key Participants
Few of the key market players in the functional edible coatings market are:
- Tate & Lyle PLC
- Cargill, Incorporated
- E. I. du Pont de Nemours and Company
- Devro Plc
- Ingredion Incorporated
- Mantrose-Haeuser Co., Inc.
- Kerry Group PLC
- Koninklijke DSM N.V.
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