The global demand for Confectionery Coating Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2020 with a CAGR of X.XX% under the study period of 2019- 2026.
Confectionery coating is used as an alternate for real chocolate in the confectionery products and is known as compound coating. In confectionery coating a vegetable fat is palm kernel oil which is used to replace the cocoa butter in chocolate. Confectionery coatings serves many functions in the confectionery products such as color enhancer, glazing agent, flavoring agent, fortifying agent, and polishing agent. These are also widely used as a fortifying agent for confectionery products. The growing demand for confectionery coating is due for its flavoring function in the confectionery products. Chocolate has become a very common and desired flavor in the confectionery products, most of the consumers are selecting other flavors such as yoghurt and berry. Confectionery coating manufacturers are also concentrating on the new flavor varieties as a specialty tags are enabling manufacturers to add the value of the confection products.
The variety of flavors available in confectionery coatings is the key driving factor for the growth of this market. These coatings are used for various functions in the confectionery products, as glazing and polishing agent. Additionally, they are easy to use for drizzling and painting inside a candy mold. Chocolates are not suitable for this function as it is too thick when melt. Also, confectionery coating has easier workability, where they look professional whenever using confectionery coatings.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of nature, form, flavor, and product type segments in the global market of confectionery coating.
The entire confectionery coating market has been sub-categorized into nature, form, flavor, and product type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Organic Confectionery Coating
- Conventional Confectionery Coating
By Product Type:
- Dark Chocolate
- White Chocolate
- Milk Chocolate
- Others (Spice, Nut Butter)
- Biscuits & Cookies
- Dried Fruits & Nuts
- Soft Candies
This section covers regional segmentation which accentuates on current and future demand for market confectionery coating across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Confectionery Coating Market by Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the LorAnn Oils, Soyuzsnab, Group of Companies, Capol LLC, Norevo GmbH, Blommer Chocolate Company, Cargill, Incorporated, Mantrose-Haeuser Co., Inc., Alvas Group and Bunge Loders Croklaan Sweetdreams Limited, Kauffman's Fruit Farm & Market, Barry Callebaut AG, CK Products, Clasen Quality Coatings, Inc., The Warrell Corporation, Rascal Confectionery Ltd., Thew Arnott & Co Ltd, and Fancy Flours and many more. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.