Published Date: 31-May-2022
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Edible Films And Coating Market size is expected to reach $4.2 billion by 2028, rising at a market growth of 7.5% CAGR during the forecast period.
The Fruits & Vegetables segment acquired maximum revenue share in the Global Edible Films And Coating Market by Application in 2021, thereby, achieving a market value of $1.4 billion by 2028. Fruits and vegetables accounted for the highest revenue share because the edible coating is widely used on fruits and vegetables because it aids in the preservation of textural qualities, mass transfer in vegetables and fruits, reduction of oxidative reactions on fruits and vegetables, and enhancement of glossiness and shine.
The Protein market is showcasing a CAGR of 8.2% during (2022 - 2028). This is due to the scientists and manufacturers alike are becoming more interested in the protein-based area. In edible films and coatings, animal proteins such as gelatin and plant-based proteins such as wheat gluten, soybean protein, sunflower protein, and others are employed.
The North America market dominated the Global Edible Films And Coating Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.5 billion by 2028. The Europe market is estimated to witness a CAGR of 6.8% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 8.4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Tate & Lyle PLC, Ingredion, Incorporated, DuPont de Nemours, Inc., Koninklijke DSM N.V., Kerry Group PLC, Döhler Gmbh, Cargill Corporation, Glanbia PLC (Watson Inc.), Lactips , and Pace International, LLC (Valent BioSciences LLC.)
Unique Offerings from KBV Research