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The fruits and vegetables coatings market size is projected to increase by USD 334.9 million and the market size is estimated to grow at a CAGR of 6.83% between 2023 and 2028.
The report offers extensive research analysis on the Fruits and Vegetables Coatings Market, with a categorization based on Type, including hydrocolloids, lipids, and composites. It further segments the market by Product, encompassing fruits coatings and vegetables coatings. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.
One of the key factors driving the fruits and vegetables coatings market growth is the benefits offered by fruits and vegetables coatings. Fruits and vegetables are key to the diet and are in high demand among consumers due to their nutritional value. In addition, they are rich in essential minerals, vitamins, dietary fibers, antioxidants, bioflavonoids, and other essential compounds. Moreover, the perishability of fruits and vegetables is also high, due to their short shelf life. Furthermore, many fruits and vegetables start degrading due to various microorganisms and insects during both the pre and post-harvesting conditions and due to contamination of their flesh. This can also occur during transportation. Therefore, there is a chance of deterioration of fruits and vegetables during handling, transportation, and storage. Thus, such issues will increase the requirement for the effective preservation of fruits and vegetables. Hence, such factors are driving the market growth during the forecast period.
The Fruits and Vegetables Coatings Market shows an accelerated CAGR during the forecast period.
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A key factor shaping the fruits and vegetables coatings market growth is the high demand for natural and edible coatings. There is an increasing preference for natural, edible, and biodegradable coatings made from ingredients such as plant-based polymers, chitosan, alginate, and edible films derived from fruits or vegetables themselves. In addition, consumers seek healthier and environmentally friendly options without synthetic additives. Furthermore, consumers increasingly seek healthier food options.
Moreover, natural and edible coatings made from plant-based polymers, chitosan, alginate, or edible films derived from fruits or vegetables align with these health-conscious preferences. In addition, there is a growing demand for clean-label products with transparent and understandable ingredient lists. Furthermore, natural and edible coatings, devoid of synthetic additives or preservatives, cater to consumers seeking transparency in their food choices. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
Stringent government regulations on fruit and vegetables coatings are one of the key challenges hindering the fruits and vegetables coatings market growth. Food processing companies are required to adhere to several stringent regulations set by government organizations in different countries. In addition, these rules and regulations pertaining to the grant of permits, the entry of new players, the launch of new products, expiry dates, and others.
Moreover, manufacturers operating in the fruits and vegetable coatings market need to meet stringent documentation and registration requirements for approval before launching any products that contain artificial preservatives. In addition, the presence of different regulations, laws, and rules in different countries causes confusion and makes it difficult for players to follow the same operation procedure if they produce or market their products in different locations. Hence, such factors are hindering the market growth during the forecast period.
The increasing demand for fruit coatings segment will fuel the market growth. Fruits have a very short shelf life due to their perishable nature. In addition, major losses occur to the quality of fruits during transport and preservation. Moreover, the application of edible coatings is one of the growing techniques adopted by end-users to avoid the degradation of fruits during such post-harvest processes. Furthermore, edible coatings are environment-friendly and can be applied to any fruit to control moisture transfer, gas exchange, or oxidation process. In addition, these coatings also form an additional protective coating on fruits. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
The hydrocolloids segment is estimated to witness significant growth during the forecast period. Hydrocolloids segment can be referred to as high-molecular-weight hydrophilic compounds. In addition, they are employed in food formulation as functional additives to increase food consistency, improve the gelling effect, and regulate microstructure, texture, taste, and shelf life.
The hydrocolloids segment was the largest segment and was valued at USD 244.96 million in 2018.
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Moreover, hydrocolloid coatings offer promising solutions to prolong the shelf life, maintain quality, and reduce spoilage of fruits. In addition, commercial adoption of hydrocolloid coatings for fruits is increasing due to their natural origin and the growing demand for clean-label, environmentally friendly products. Furthermore, research continues to develop formulations that enhance the effectiveness of these coatings while ensuring they remain safe. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
APAC is estimated to contribute 44% to the growth of the global market during the forecast period
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main countries fuelling the market growth in APAC in terms of the high production yield of fruits and vegetables include China, India, and Australia. In addition, the demand for fruits and vegetables coatings is growing in the region, owing to huge post-harvest losses in the fruits and vegetables coatings market. For example, West Bengal, Gujarat, Bihar, and Uttar Pradesh are some of the states in India that experience major post-harvest losses of fruits and vegetables due to the lack of adequate storage and processing facilities. In addition, it also causes huge losses to farmers as well as companies involved in the fruits and vegetables coatings market. Furthermore, companies and researchers operating in the global fruits and vegetables coatings market are also focusing on expanding their footprint in the region. Hence, such factors are driving the market growth in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The fruits and vegetables coatings market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The fruits and vegetables coatings market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Fruits And Vegetables Coatings Market Scope |
|
Report Coverage |
Details |
Page number |
157 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.83% |
Market Growth 2024-2028 |
USD 334.9 million |
Market structure |
USD Fragmented |
YoY growth 2023-2024(%) |
6.22 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 44% |
Key countries |
US, China, India, Spain, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aadhya Technology, Akorn Technology, Apeel Technology Inc., Citracote (Pty) Ltd., Colin Campbell Chemicals Pty Ltd., D. Manoharlal Shellac Pvt. Ltd., Flo Chemical Corp., Fomesa Fruitech SLU, Handary SA, Hazel Technologies Inc., John Bean Technologies Corp., Michelman Inc., Nipro Life Sciences, Productos Citrosol SA, RPM International Inc., Sanifruit, Sufresca, UPL Ltd., AgroFresh Solutions Inc., and Pace International LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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