ID: MRFR/F-B & N/0748-HCR | 115 Pages | Published By Sakshi Gupta on March 2023
Food Antimicrobial Coating Market is expected to register a CAGR of 11.45% from 2022 to 2030 and reach USD 4.1 billion by the end of 2030.
Food Antimicrobial Coating Market is expected to grow at Significant CAGR from 2019 to 2027 as per MRFR Analysis. The antimicrobial coating is an element that helps to prevent bacteria. Also, on surfaces, it can prevent viruses and germs too. The use of this product is high in the food industry. The need for hygiene is high in the food industry. Using Food Antimicrobial Coating maintains cleanliness and hygiene in the market. The durability and food product quality is improved with this antimicrobial coating.
The food and beverages market is a crucial end-user of the market. The use of this coating in beverages, snacks and desserts are higher. In recent years, the need to improve food durability is improving. This increases the shelf life of these products. The antimicrobial coating formula contains various factors.
There are zinc, copper, silver, oxide, and copper materials in this product. The processed food market is witnessing massive demand for such coatings. Sweeteners and ready eat foods are some of the segments having a high need for antimicrobial coatings. Adding value to the product and preventing contamination are some of the crucial benefits of the market. Food Antimicrobial Coating Market Value is expected to rise immensely.
Covid 19 has a drastic impact on various markets. Various industries suffer losses in this period. However, the antimicrobial coating has more attention in this period. These coatings are prevalent in the healthcare industry. These antimicrobial coatings help to keep surfaces contamination free. The Healthcare industry is rapidly adapting to this coating. The use of antimicrobial coating is more in the food industry too. The supply chain of the market is having many challenges.
There are delayed deliveries in the market due to lockdowns and restrictions. Still, demand from the food industry is sustaining the growth of the product. In the next few years, the production of antimicrobial coating is expected to grow. There is a huge demand for coating from the food and beverages market. The production of processed food is expected to be massive. This will have a positive impact on the growth of this market. Food Antimicrobial Coating Market Outlook is better in the forecast period.
Crucial market drivers
The need for good food quality is expected to raise demand. Today, the food industry has mass production of items. During this process preventing any contamination is the priority. For this the use of food antimicrobial coating is high. Due to the use of this element the quality of the product will increase. Especially, these food items may take longer to reach the customers. This requires a product that will extend the life of these products. The rising need to improve product quality will contribute to high revenue.
Furthermore, demand from the processed food market is another crucial driver. Processed food such as beverages, snacks and meats have higher usage of this product. All these factors will contribute to the overall supply and adoption of the product. Furthermore, food standardization is stringent in many regions.
The need for exceptional hygiene and safety is important in food items. Due to this, the demand for food antimicrobial coating is higher. The need to comply with food manufacture standards raises the adoption of the overall market. As per Food Antimicrobial Coating Market Forecast, these factors will contribute to the expansion of the market.
The market growth opportunities
Growing usage due to covid 19 creates more growth opportunities. During the covid 19 periods, the awareness for antimicrobial food is rising in this period. The importance of health and hygiene is higher than ever. Due to this, various food manufacturing markets are raising their adoption of this product. The antimicrobial coatings market is not only limited to the food market but more. The use of this coating is growing in textile, health, electronics and other industries are rising.
The increased production in the food antimicrobial coating market will create exceptional growth opportunities in the market. The supply rate is surging for the market in the forecast period. As per many types of research, the usage of antimicrobial coating offers more than 99% durability for food items. Also, it is one of the safest techniques to sustain food items.
Further, demand from the developing market is a crucial growth factor in the market. The surging investments from this market will create an expansion of the market. The regions such as Asia pacific have higher production of processed foods. Also, developed regions are having a high interest in such coatings. All these factors improve the overall profitability of the market. Further, research will create even more new developments in upcoming years.
The market restraints
High cost is a restraining factor in this market. Today, industries' preference for a product varies with the price. Low-cost products have high demand among the customers. However, products with high costs have lesser preference. The food antimicrobial coating market is having lesser demand due to its high cost. Especially, developing markets have the challenge to adapt to such products.
Also, the need for skilled labours to utilise the product is another market restraint. Antimicrobial is a complex product. The need to use it right quantity is crucial. For these processes, the need for experts is higher for the market. All these are factors that can hamper the growth of this market.
The market challenges
The rising concerns of toxic Nanoparticles are a challenge. To enhance the durability there are various chemicals in the coating. The only approved amount of such coatings is to be used in food items.
However, the risk of metal Nanoparticles in bulk form can be toxic. There are plenty of other Nanoparticles such as silver and copper that can pose a risk. The failure to meet the standard level of antimicrobial coating usage can cause all these problems. Due to its toxic effects, the use of the product in some industries is limited.
Cumulative growth analysis
Food Antimicrobial Coating Market Trends is steady during the forecast period. The need for quality food items is a crucial driver in the market. Demand from the processed food market is another factor leading to high market growth. The silver-based segment of the market witnesses the highest market growth.
It is a high efficient, less toxic and durable antimicrobial coating. However, the high cost related to this product is a restraining factor. Also, there is a toxic Nanoparticle that acts as a market challenge. Further, covid 19 is creating exceptional growth opportunities for the market.
Value chain analysis
North America is the region with the highest Food Antimicrobial Coating Market Share. Covid 19 periods is contributing to the exceptional growth of this market. The investment for the market is high from the key players. Also, there are stringent regulations to follow food standards in this market.
Demand from the key players is rising due to increased awareness. Also, cost barriers in this market are less due to high purchasing power. Several food manufacturing facilities in the market are rapidly adapting to the antimicrobial coating. All these factors will make North America a profitable region.
Food Antimicrobial Coating Market by product
Food Antimicrobial Coating Market by application
Food Antimicrobial Coating Market by an end-user
Food Antimicrobial Coating Market by region
Market Analysis shows the rise in the competition. There are plenty of market strategies in the forecast period. Expansion, mergers and collaborations and partnerships are crucial strategies in the market. There are more research activities and innovations in the competitive landscape.
Food Antimicrobial Coating Market is classified into the Asia Pacific, North America and Europe. North America is a leading market with the highest number of shares. Investment in the antimicrobial market is high in this market. Investments in the market are surging due to key countries US and Canada.
The Asia Pacific is the next largest market with antimicrobial coatings share. The processed food market is expanding rapidly, various food production facilities are utilizing this element. China, Japan and India are crucial regions in this market with the highest shares. Also, Europe is an emerging market with plenty of growth prospects.
The key players in Food Antimicrobial Coating Market are
|Market Size||2027: Significant Value|
|CAGR||2020-2027: Substantial CAGR|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Dow Microbial Control, Royal DSM, Ppg Industries Inc., E. I. Du Pont De Nemours & Company Diamond Vogel, BASF SE, and AK Coatings|
|Key Market Opportunities||Rising demand due to the COVID-19 impact|
|Key Market Drivers||
Food antimicrobial coating market would gain boosters from preference for long shelf-life of food, better quality, and standardized food.
The types mentioned in the food antimicrobial coating market are copper, zinc oxide, silver, and others.
Food antimicrobial coating market includes application like processed & ready to eat foods, sweeteners, and others.
Food antimicrobial coating market is getting dominated by North America.
The players in food antimicrobial coating market report are Royal DSM, BASF SE, Dow Microbial Control, E. I. Du Pont De Nemours & Company Diamond Vogel, Ppg Industries Inc., and AK Coatings.