Market Overview:
The global confectionary coating market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for convenience foods, increasing disposable income, and growing awareness about health and wellness. In terms of type, the organic confectionary coating segment is expected to grow at a higher CAGR than the conventional confectionary coating segment during the forecast period. This can be attributed to increasing consumer preference for organic products owing to their perceived health benefits over conventional products. In terms of application, supermarkets are expected to hold the largest share of the global confectionary coating market in 2018.
Product Definition:
A confectionery coating is a type of chocolate-flavored candy shell that is made from sugar, cocoa butter, and milk solids. It is used to coat various confections such as chocolates, truffles, and nuts.
Organic Confectionary Coating:
Organic confectionary coating is a thin layer of organic coating, which is applied on the surface of chocolates, wafers, biscuits and other food products. The major function performed by this product includes protection from external environment as well as providing taste to the end product.
The global organic confectionary coating market size was estimated at USD 1.05 billion in 2015.
Conventional Confectionary Coating:
Conventional confectionary coating is a thin layer of sugar-based coating, which is used to cover the base confectionery product. Confectionery coating market includes products such as wafers, gummies, candies and lollipops among others.
Application Insights:
The market is segmented by application into supermarket, convenience store and online stores. The supermarkets segment dominated the global market in 2017 owing to factors such as increasing disposable income among consumers, rapid urbanization and rising food expenditure by companies operating in the retail industry. Moreover, growing demand for organic confectionery coatings due to their health benefits is expected to drive product demand over the forecast period.
The convenience stores application segment was valued at USD 544.3 million in 2017 owing to its growing penetration across developing countries of Asia Pacific and Africa where consumers prefer buying snacks on a daily basis from convenient stores due to busy lifestyles. Furthermore, easy availability of credit cards has facilitated increased spending on various convenience store products including chocolate bars which are sold through vending machines or automated teller machines (ATMs).
Regional Analysis:
Europe dominated the global market in 2017. Europe is a major hub for confectionery manufacturing companies, which has fueled the regional demand for coating materials over the years. The region’s growth can also be attributed to increasing consumer preference towards premium and organic products as well as innovative packaging techniques.
Asia Pacific is expected to witness significant growth during the forecast period owing to rising disposable income coupled with growing population in emerging countries such as China and India, thereby fueling demand from supermarkets and hypermarkets. Furthermore, increased online shopping will further drive product sales in this region through e-commerce websites such as Amazon, Flipkart, Grofers & others., etc., which will have a positive impact on industry expansion over the next eight years.
Growth Factors:
- Increasing demand for convenience foods: The confectionary coating market is expected to benefit from the increasing demand for convenience foods, which are easy to prepare and do not require a lot of time. This is particularly true in developed countries, where people are increasingly busy with work and other commitments.
- Rising disposable income: Another key growth driver for the confectionary coating market is rising disposable income, which allows consumers to spend more on premium food products such as those that are coated in confectionery coatings.
- Growing popularity of snacking: The growing popularity of snacking is also benefiting the confectionary coating market, as consumers are increasingly looking for convenient snacks that can be eaten on-the-go or while watching TV or working on their laptops. Confectionery coatings provide an attractive way to add flavor and texture to snacks without adding too many calories or unhealthy ingredients like trans fats or artificial flavors and colors.
- Innovation in product offerings: In order to appeal to different consumer segments and stay ahead of the competition, players in the confectionary coating market need to continuously innovate their product offerings by introducing new flavors, textures, and packaging formats. This will help them capture a larger share of this growing market segment . 5) Rising awareness about health benefits: Finally, rising awareness about the health benefits associated with consuming products that have been coated with confectionery coatings is likely to boost demand for these products over the
Scope Of The Report
Report Attributes
Report Details
Report Title
Confectionary Coating Market Research Report
By Type
Organic Confectionary Coating, Conventional Confectionary Coating
By Application
Supermarket, Convenience Store, Online Store
By Companies
Archer Daniels Midland Company (ADM), Bowman Ingredients, Buhler AG, Cargill, Clextral, Dumoulin, GEA Group, Ingredion Incorporated, JBT Corporation, Kerry Group, Marel, Newly Weds Foods, PGP International, Spice Application Systems, Tate & Lyle PLC, TNA Australia
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
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Confectionary Coating Market Report Segments:
The global Confectionary Coating market is segmented on the basis of:
Types
Organic Confectionary Coating, Conventional Confectionary Coating
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
Supermarket, Convenience Store, Online Store
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:
- Archer Daniels Midland Company (ADM)
- Bowman Ingredients
- Buhler AG
- Cargill
- Clextral
- Dumoulin
- GEA Group
- Ingredion Incorporated
- JBT Corporation
- Kerry Group
- Marel
- Newly Weds Foods
- PGP International
- Spice Application Systems
- Tate & Lyle PLC
- TNA Australia
Highlights of The Confectionary Coating 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:
- Organic Confectionary Coating
- Conventional Confectionary Coating
- By Application:
- Supermarket
- Convenience Store
- Online Store
- 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 Confectionary Coating 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Confectionary coating is a thin, protective film that is applied to the surface of food products. It helps to prevent sticking and makes the product more appealing to consumers. Confectionery coatings can be made from a variety of materials, including waxes, oils, and fats.
Some of the key players operating in the confectionary coating market are Archer Daniels Midland Company (ADM), Bowman Ingredients, Buhler AG, Cargill, Clextral, Dumoulin, GEA Group, Ingredion Incorporated, JBT Corporation, Kerry Group, Marel, Newly Weds Foods, PGP International, Spice Application Systems, Tate & Lyle PLC, TNA Australia.
The confectionary coating market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Confectionary Coating 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 Confectionary Coating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Confectionary Coating 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 Confectionary Coating 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 Confectionary Coating Market Size & Forecast, 2020-2028
4.5.1 Confectionary Coating Market Size and Y-o-Y Growth
4.5.2 Confectionary Coating 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 Organic Confectionary Coating
5.2.2 Conventional Confectionary Coating
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 Supermarket
6.2.2 Convenience Store
6.2.3 Online Store
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Confectionary Coating 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 Confectionary Coating 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 Organic Confectionary Coating
9.6.2 Conventional Confectionary Coating
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 Supermarket
9.10.2 Convenience Store
9.10.3 Online Store
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 Organic Confectionary Coating
10.6.2 Conventional Confectionary Coating
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 Supermarket
10.10.2 Convenience Store
10.10.3 Online Store
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 Organic Confectionary Coating
11.6.2 Conventional Confectionary Coating
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 Supermarket
11.10.2 Convenience Store
11.10.3 Online Store
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 Organic Confectionary Coating
12.6.2 Conventional Confectionary Coating
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 Supermarket
12.10.2 Convenience Store
12.10.3 Online Store
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 Organic Confectionary Coating
13.6.2 Conventional Confectionary Coating
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 Supermarket
13.10.2 Convenience Store
13.10.3 Online Store
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 Confectionary Coating Market: Competitive Dashboard
14.2 Global Confectionary Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Archer Daniels Midland Company (ADM)
14.3.2 Bowman Ingredients
14.3.3 Buhler AG
14.3.4 Cargill
14.3.5 Clextral
14.3.6 Dumoulin
14.3.7 GEA Group
14.3.8 Ingredion Incorporated
14.3.9 JBT Corporation
14.3.10 Kerry Group
14.3.11 Marel
14.3.12 Newly Weds Foods
14.3.13 PGP International
14.3.14 Spice Application Systems
14.3.15 Tate & Lyle PLC
14.3.16 TNA Australia
