Citrus Fruit Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Citrus Fruit Coatings Market Analysis
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.
Citrus Fruit Coatings Market Trends
This section covers the major market trends shaping the Citrus Fruit Coatings Market according to our research experts:
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.
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 Industry Overview
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.
Citrus Fruit Coatings Market Leaders
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Valent BioSciences Corporation
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Fomesa Fruitech, SLU
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AgroFresh
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Xeda International聽Group
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United Phosphorus Inc.
*Disclaimer: Major Players sorted in no particular order
Citrus Fruit Coatings Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Wax
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5.1.2 Shellac
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5.1.3 Wax and Shellac
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.1.3 Mexico
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5.2.1.4 Rest of North America
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5.2.2 Europe
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5.2.2.1 Spain
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5.2.2.2 United Kingdom
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5.2.2.3 Germany
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5.2.2.4 France
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5.2.2.5 Rest of Europe
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5.2.3 Asia Pacific
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5.2.3.1 China
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5.2.3.2 Japan
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5.2.3.3 India
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5.2.3.4 Australia
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5.2.3.5 Rest of Asia-Pacific
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5.2.4 Rest of the world
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5.2.4.1 South America
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5.2.4.2 Africa
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5.2.4.3 Middle East
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Valent BioSciences Corporation
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6.4.2 Nipro Fresh
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6.4.3 Fomesa Fruitech, SLU
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6.4.4 United Phosphorus Inc.
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6.4.5 John Bean Technologies
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6.4.6 AgroFresh
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6.4.7 Xeda International Group
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6.4.8 Productos Citrosol S.A.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Citrus Fruit Coatings Industry Segmentation
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 | |||||||
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Citrus Fruit Coatings Market Research FAQs
What is the current Citrus Fruit Coatings Market size?
The Citrus Fruit Coatings Market is projected to register a CAGR of 6.60% during the forecast period (2024-2029)
Who are the key players in Citrus Fruit Coatings Market?
Valent BioSciences Corporation, Fomesa Fruitech, SLU, AgroFresh, Xeda International聽Group and United Phosphorus Inc. are the major companies operating in the Citrus Fruit Coatings Market.
Which is the fastest growing region in Citrus Fruit Coatings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Citrus Fruit Coatings Market?
In 2024, the North America accounts for the largest market share in Citrus Fruit Coatings Market.
What years does this Citrus Fruit Coatings Market cover?
The report covers the Citrus Fruit Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Citrus Fruit Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Citrus Fruit Coatings Industry Report
Statistics for the 2024 Citrus Fruit Coatings market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Citrus Fruit Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
