CITRUS FRUIT COATINGS MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Citrus Fruit Coatings Market is segmented by Product Type (Wax, Shellac and Wax and Shellac) and by Geography.

Market Snapshot

Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.6 %

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Market Overview

The citrus fruit coatings market is projected to grow at a CAGR of 6.6% during the forecast period (2020-2025).

  • The growing consumption of citrus fruits in the globally is augmenting the citrus fruit coatings market to enhance the shelf life of the fruit.
  • North America and Asia-Pacific are the leading regions driving the market. United States based players such as John Bean Technologies (JBT) provides wide range of premium hybrid coatings for citrus that maximises packer value in the domestic and export markets. Thereby, boosting the use in domestic as well as international market.

 

Scope of the Report

The citrus fruit coatings market is segmented on the basis of  their type including wax, shellac and wax and shellac segments. By geography, the market is available on the basis of regions including, North America, Europe, Asia-Pacific, and rest of the world.

By Type
Wax
Shellac
Wax and Shellac
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Rest of the world
South America
Africa
Middle East

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Key Market Trends

Growing Consumption of Citrus Fruits

The growing consumption of citrus fruit is vastly driving the market studied, owing to changing consumer preferences. Oranges are highly consumed in American region, specially in Brazil and United States. The demand for citrus fruit coatings is augmenting for it is specially formulated for packers who require a highly attractive and durable shine all the way to market. The fruits packed for domestic or international consumption, packers use a coating that protects fruit under extreme processing, environmental and shipping conditions from the packinghouse to the marketplace, and ultimately to the consumer, without jeopardizing the health of the fruit. Thus, boosting consumer preference and contributing to the market studied.

 

 

Global Consumption of Oranges, 2018

North America is the Largest Market

North America holds the largest share of the market studied owing to higher production, and consumption in the region. Manufacturers of the country are concentrating on innovations to produce premium hybrid coating for citrus, specially highest quality carnauba coatings to save the fruit to prevent the loss of moisture, which keeps Citrus Fruits juicy and fresh for long period. The naturally produced citrus fruit coating such as shellac, consisting no ammonia or morphine are catering to the growth of the market in North America especially for greening and conservation of the environment.

Citrus Fruit Coatings Market

Competitive Landscape

The global citrus fruit coating market is fragmented with presence of global and regional players. Investments & expansions formed the most preferred strategy among the key players to attract and retain new customers globally. They also focused on acquiring local players of emerging markets to expand their business on a global scale and sustain the competition prevailing in the market. New product launches also helped major players in strengthening their product portfolio. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Wax

      2. 5.1.2 Shellac

      3. 5.1.3 Wax and Shellac

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Spain

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 Germany

        4. 5.2.2.4 France

        5. 5.2.2.5 Rest of Europe

      3. 5.2.3 Asia Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 Rest of the world

        1. 5.2.4.1 South America

        2. 5.2.4.2 Africa

        3. 5.2.4.3 Middle East

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Valent BioSciences Corporation

      2. 6.4.2 Nipro Fresh

      3. 6.4.3 Fomesa Fruitech, SLU

      4. 6.4.4 United Phosphorus Inc.

      5. 6.4.5 John Bean Technologies

      6. 6.4.6 AgroFresh

      7. 6.4.7 Xeda International Group

      8. 6.4.8 Productos Citrosol S.A.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Citrus Fruit Coatings Market market is studied from 2016 - 2026.

The Citrus Fruit Coatings Market is growing at a CAGR of 6.6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Valent BioSciences Corporation, Fomesa Fruitech, SLU, AgroFresh, Xeda International Group, United Phosphorus Inc. are the major companies operating in Citrus Fruit Coatings Market.

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