Market Overview:
The global citrus fruit coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for convenience foods and rising awareness about the benefits of citrus fruits. The wax segment is expected to dominate the global citrus fruit coatings market in terms of revenue, followed by shellac and others segments during the forecast period. In terms of application, household segment is expected to hold a major share in the global citrus fruit coatings market, followed by commercial segment during the forecast period.
Product Definition:
Citrus fruit coatings are a type of food coating that is used to protect citrus fruits from oxidation and dehydration. This type of coating can also improve the flavor and texture of citrus fruits.
Wax:
Wax is a natural occlusive agent, which has high affinity to citrus fruits. It helps in maintaining the moisture content of the fruit and also acts as an anti-microbial agent. Wax can be derived from several sources such as plant leaves, animal fat, petroleum and it's also synthetically made. Citrus fruits are mostly grown in warm regions with dry climatic conditions for proper development of fruit pulp & seeds.
Shellac:
Shellac is a resinous substance obtained from the secretion of female lac bugs, Laccifera laccicida. It is primarily used as a protective coating on citrus fruits to prevent them from turning brown due to contact with air and other contaminants.
Application Insights:
The commercial application segment dominated the global citrus fruit coatings market, accounting for more than 60.0% share of the total revenue in 2017. Citrus fruits such as mandarin, tangerine and orange are widely used in various commercial applications including restaurants, food trucks and juice stands. The growing trend of healthy eating habits has led to an increased demand for fresh juices that can be served cold or at room temperature along with other foods. This is expected to drive product demand over the forecast period.
Household application was estimated as one of the fastest-growing segments owing to increasing consumer awareness regarding health benefits associated with natural ingredients used in household cleaners and polish products like vinegar, baking soda.
Regional Analysis:
North America was the largest market for citrus fruit coatings, accounting for a share of more than 35.0% in 2017 owing to increasing product demand from residential as well as commercial applications. The U.S., which is one of the major producers and exporters of oranges, has witnessed significant growth in its construction industry over the past few years on account of rising consumer spending on housing sector development. This factor is expected to propel product consumption over the forecast period.
Asia Pacific is projected to be one of the fastest-growing markets with a CAGR exceeding 6% during the forecast period owing to rapid urbanization and growing population across emerging economies including China, India.
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the citrus fruit coatings market. Convenience foods are those that can be easily prepared and consumed, without any major preparation time or hassle. This has led to an increase in the demand for pre-coated citrus fruits, as they offer a quick and easy way to add fresh fruit to a meal or snack.
- Rising awareness about health benefits of citrus fruits: Another key driver for the citrus fruit coatings market is the increasing awareness about the health benefits of consuming citrus fruits. Citrus fruits are rich in vitamins, minerals and antioxidants, which make them beneficial for overall health. This has led to an increase in demand for pre-coated citrus fruits as they offer a convenient way to consume these nutrients.
- Growing popularity of snacking: The growing popularity of snacking is another key factor driving growth in the global citrus fruit coatings market . Snacks are small meals that can be eaten between regular meals, and they come in many different varieties such as chips, nuts, bars etc.. Pre-coatedcitrus fruits make healthy snacks that are convenient and easyto prepareand consume onthe go .Thisis anotherfactor contributingtothegrowthoftheglobalcitrusfruitcoatingsmarket .
Scope Of The Report
Report Attributes
Report Details
Report Title
Citrus Fruit Coatings Market Research Report
By Type
Wax, Shellac, Others
By Application
Household, Commercial
By Companies
AgroFresh, Fomesa Fruitech, Pace International, PRODUCTOS CITROSOL, United Phosphorus Ltd (UPL), XEDA International, AgroFresh
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Citrus Fruit Coatings Market Report Segments:
The global Citrus Fruit Coatings market is segmented on the basis of:
Types
Wax, Shellac, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AgroFresh
- Fomesa Fruitech
- Pace International
- PRODUCTOS CITROSOL
- United Phosphorus Ltd (UPL)
- XEDA International
- AgroFresh
Highlights of The Citrus Fruit Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wax
- Shellac
- Others
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Citrus Fruit Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Citrus fruit coatings are a type of food coating that is made from citrus juice, oil, and sugar. They are used to make foods look more appetizing or to add flavor.
Some of the major companies in the citrus fruit coatings market are AgroFresh, Fomesa Fruitech, Pace International, PRODUCTOS CITROSOL, United Phosphorus Ltd (UPL), XEDA International, AgroFresh.
The citrus fruit coatings market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Citrus Fruit Coatings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Citrus Fruit Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Citrus Fruit Coatings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Citrus Fruit Coatings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Citrus Fruit Coatings Market Size & Forecast, 2020-2028
4.5.1 Citrus Fruit Coatings Market Size and Y-o-Y Growth
4.5.2 Citrus Fruit Coatings Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wax
5.2.2 Shellac
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Citrus Fruit Coatings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Citrus Fruit Coatings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wax
9.6.2 Shellac
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wax
10.6.2 Shellac
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wax
11.6.2 Shellac
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wax
12.6.2 Shellac
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wax
13.6.2 Shellac
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Citrus Fruit Coatings Market: Competitive Dashboard
14.2 Global Citrus Fruit Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AgroFresh
14.3.2 Fomesa Fruitech
14.3.3 Pace International
14.3.4 PRODUCTOS CITROSOL
14.3.5 United Phosphorus Ltd (UPL)
14.3.6 XEDA International
14.3.7 AgroFresh
