Global Edible Films and Coating Market - 2022-2029

Global Edible Films and Coating Market - 2022-2029

Market Overview

The global edible films and coating market is valued at USD xx million in 2021 and is forecast to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029)

Edible films and coatings are thin layers of edible substances that are put to food products to help preserve and distribute them. They safeguard the product from chemical and microbial activities, among other things. One of the most significant advantages of employing edible films and coatings is that various active chemicals can be included into the polymer matrix and taken with food, improving safety as well as nutritional and sensory properties. Manufacturers of food products have strengthened their efforts to extend shelf life and improve existing packaging technologies, ensuring microbial safety and food preservation from the effects of external variables. As a result, new product innovations from manufacturers are projected to contribute to the edible films and coatings market growth.

Market Dynamics:

Increasing demand for edible packaging from natural resources

The rise in the demand for fruit and vegetables worldwide drives the market. Fruits are highly perishable, so losses are made after harvesting, and they already have less shelf life. A proposed solution is the edible coating, which reduces PH losses and increases the product's shelf life. The rising demand for healthy and sustainable food has a greater acceptance of natural edible coating. Edible films and coating reduce wastage, and they are eco-friendly. Thus, regarding reduced wastage and improved shelf life of fruits and vegetables, several companies are launching edible packaging to extend their shelf life. For example, the United States-based start-up, Apeel Sciences, created an edible nature-inspired coating for fruits, Apeel, to tackle food waste, plastic packaging waste and provide up to 2 times the shelf-life in the overall food industry. Apeel is made from edible materials found in the skins, peels, and seeds of plants. It adds a little extra peel on produce to slow the water loss and oxidation rate — the primary causes of spoilage. That extra peel is completely edible, tasteless, and safe to eat. Additionally, changes in consumer lifestyle, increased demand for functional foods, increased awareness about health and wellness, and a surge in disposable income positively affect the edible films and coatings market.

Market Segmentation:

Protein segment held highest market revenue share of XX% in the year 2021

Protein-based edible films and coating have received considerable attention in recent years because of their many advantages over synthetic films, including their use as edible packaging materials. Protein-based film and coating packaging are mostly used for the individual packaging of food such as beans, nuts and cashew nuts. Also, they can be applied inside heterogeneous food at the interface between the different layers of components. They are mostly used in pizzas, pies and candies. They can prevent the deterioration of inner component moisture. Another major application for the protein-based edible films is their use in multilayer food packaging materials and non-edible films.

Geographical Penetration:

Asia Pacific is expected to dominate the global edible films and coating market in the year 2021

China and Japan are the major consumers of the edible films and coating market. In China, xanthan gum is one of the most commonly used edible coating in food products, which gives high demand for polysaccharide-based films and coatings. Also high investment in the research and development in this country for the development of new edible film and coating materials is expected to drive the market growth. For instance, according to the Royal Society of Chemistry, researchers investigated several natural antimicrobials, such as Star anise essential oil (SAEO), as a primary component in edible coating products. This method proved to be highly efficient in protecting fresh produced fruits and vegetables. Moreover, the rising awareness in countries like India is projected to lead to a very promising market scenario in the forecast period.

Competitive Landscape:

The global market remains fragmented due to local and private-label brands in different regions. Some of the key players of edible films and coating are Tate & Lyle, Döhler, Nagase & Co., Ltd., Sumimoto Chemicals Co, and Ingredion Incorporated among others.

The market is poised to witness more innovations over the coming years, and going further, the industry might expect mergers and acquisitions. New brands have emerged recently and have gained significant traction, based on their offerings. In April 2021, the Production of Joncryl High-Performance Barrier (HPB) coatings at BASF Shanghai Pudong site offered solutions to improve carbon footprint for packaging. The HPB series enables the design of single-use paper food packaging that is repulpable after use, unlike current polyethylene laminates. In Nov 2021, Sufresca upgraded its edible coating solution to reduce waste and plastic. The company has developed an edible, water-based emulsion consisting of wholly natural food ingredients inherent with advanced modified atmosphere properties. In Dec 2020, Sufresca got a $500,000 investment for its edible food coating solution that fights food waste. Sufresca’s edible fruit and vegetable coating is meant to extend the shelf life of post-harvest produce and, in doing so, cut down on food waste in the home.

COVID-19

Impact: Positive impact on the global edible films and coating market

The COVID-19 pandemic has resulted in the generation of opportunities for many private players to emerge in the markets to cater to the inflated demand for food products. This, in turn, benefitted the manufacturers of food ingredients, including coatings. The need for innovative snack products was consistently high in developed countries due to the associated convenience of storage, usage, and rapid provision of nutrition and energy. Thus, such factors are driving the market forward in these turbulent times. As a result of the COVID-19 pandemic, consumer interest rose in products that support the overall maintenance of health and wellness, urging consumers to increase their nutritional intake and consume safer and healthier foods. This resulted in an increased demand for fresh and organic foods, including fruits and vegetables. Hence, stocking up the trolleys with more foods of organic and fresh-origin, along with fruits and vegetables, boosted the application of these edible films and coating in the market.

Why Purchase the Report?

Understand the current market scenario and viability of global edible films and coating market over the forecast period

Visualize the composition of the global edible films and coating market in terms of ingredient type and application to identify major players, growth potential, and market strategies

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Excel data sheet with valuable data points of the global edible films and coating market – Regional and Country level segmentation

Product mapping in excel for the key products of all major market players

Market share analysis covering business revenues ($) and revenue share (%) of key market players

The global edible films and coating market report would provide an access to approximately 53 market data tables, 46 figures and 180 pages

Target Audience:

Food and Beverages Manufacturers

Packaging Industries

Bakery and Confectionery Industries

Education & Research Institutes

Research Professionals