Global Citrus Fruit Coatings Market 2018-2022
About Citrus Fruit Coatings
Fruit coatings restore the natural coating of fruits and protect them from dehydration and post-harvest diseases. Vegetable waxes such as carnauba and animal-based waxes like shellac or beeswax are generally used as coatings on citrus fruits.
Technavio’s analysts forecast the global citrus fruit coatings market to grow at a CAGR of 6.94% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global citrus fruit coatings market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Citrus Fruit Coatings Market 2018-2022
Technavio recognizes the following companies as the key players in the global citrus fruit coatings market: AgroFresh, Fomesa Fruitech, Pace International (Sumitomo Chemicals), PRODUCTOS CITROSOL, United Phosphorus Ltd (UPL), and XEDA International.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing need for shelf life extension. Several countries, primarily APAC, are focusing on reducing the food wastage as the amount of food wasted annually is significantly high. This wastage negatively impacts the retailers and manufacturers.”
According to the report, one driver in the market is advantages of fruit coatings. The purpose of fruit coatings is to restore the natural coating of fruits and the essential functions from dehydration. Fruits with high-quality and durable fruit coatings help in maintaining the freshness of the fruits while also improving the appearance of fruits.
Further, the report states that one challenge in the market is growing demand for fresh fruits. Fresh fruits are those that are available in the raw state, without the presence of any synthetic preservatives, and have not undergone any form of thermal processing. With the growing consumer awareness of the health benefits of fresh fruits, their demand is increasing worldwide.
AgroFresh, Fomesa Fruitech, Pace International (Sumitomo Chemicals), PRODUCTOS CITROSOL, United Phosphorus Ltd (UPL), and XEDA International.