The global specialty fruit coatings market size is expected to gain momentum during the forecast period. The rising concerns over food nutrition and the growing demand for organic food products is expected to propel the demand for advanced specialty fruit coatings across the globe. This information is published by Fortune Business Insights, in its upcoming report, titled, “Specialty Fruit Coatings Market Size, Share & Industry Analysis, By Type (Lipids [Waxes, Acylglycerol, Fatty Acids] Hydrocolloids [Protein, Polysaccharides] Composites) and Regional Forecast, 2022-2029.”
What does the Report Include?
The market report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market strongholds between 2020 and 2027.
DRIVING FACTORS
Increasing Focus on Quality Food Nutrition to Favor Demand
The high consumption of synthetic fruit coatings that consist of morpholine has a potential to lead to cancer amongst individuals, according to a study by the Departments of Biological Science, BITS, Pilani, India. The growing concerns over proper food nutrition is leading the manufacturers to develop safe and advanced specialty fruit coatings. The growing awareness regarding the consumption of organic food products that contain fewer amounts of pesticides and zero preservative content is further anticipated to drive the global specialty fruit coatings market growth in the forthcoming years.
REGIONAL INSIGHTS
Increasing Demand for Minimally Processed Fruits in North America to Favor Growth
Among all the regions, North America is expected to showcase significant growth in the global specialty fruit coatings market in the forthcoming years. This is attributable to the growing demand for minimally processed fruits that is likely to drive the demand for advanced specialty fruit coatings in the region.
The market in Asia-Pacific is expected to experience substantial growth backed by the growing cultivation of fruits in countries such as India and China that is contributing to the increasing demand for specialty fruit coatings in the region between 2020 and 2027.
COMPETITIVE LANDSCAPE
Product Innovation by Eminent Market Players to Cater to Increasing Consumer Demand
The global specialty fruit coatings market is experiencing significant competition owing to the presence of several major companies that are striving to strengthen their positions by introducing innovative specialty fruit coatings to cater to the growing demand for organic fruits. Additionally, other key players are adopting strategies such as merger and acquisition, collaboration, and facility expansion to maintain their presence in the global marketplace.
Industry Development:
- September 2019 – JBT, a leading specialty fruit coatings manufacturer, announced the launch of Sta-Fresh 2850, a new organic fruit coating. According to the company, the product offers superior shine and moisture-loss control, while being approved for adoption in the United States.
List of the Companies Profiled in the Market:
- Cargill, Incorporated
- Devro Plc.
- Mantrose-Haeuser Co., Inc
- Koninklijke DSM N.V
- Tate & Lyle PLC
- I. duPont de Nemours and Company
- Ingredion Inc.
- Kerry Group PLC
- Pace International
- UPL Limited
- Others
Browse Summary
https://www.fortunebusinessinsights.com/specialty-fruit-coatings-market-103198
