The global citrus fruit coating market is anticipated to grow at a significant CAGR during the forecast period 2021-2027. Citrus fruit coating is the process of covering fruits with waxes and shellacs. This coating provides highly-attractive, durable, and protective application for fruits without jeopardizing their health of fruits. To maintain the freshness and original texture/color of fruits these coatings are produced using a natural or synthetic material.
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The increasing demand for fresh, attractive, durable, and high-quality fruits among consumers is anticipated to drive the growth of the global citrus fruit coating market during the forecast period. To prevent harm to fruits from environmental changes, transportation, and commercialization, the coating enables a protective shield for fruits which, in turn, is contributing as a major factor that propels the demand for citrus fruit coating in the market across the globe. The rising need to enhance the shelf life of fruit along with the growing consumption of citrus fruit is boosting the growth of the global citrus fruit coating market during the forecast period.
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Besides, the key players present in the global citrus fruit coating market including Agrofresh Solutions Inc., Fomesa Fruitech SLU, UPL Ltd., and others are adopting various strategies that include product launches, market expansion, research & developments, mergers & acquisitions, among others to remain sustenance and competitive in the market. For instance, in June 2021, Citrosol, an advanced postharvest solution company announced the launch of two new products in the citrus fruit coating market as PlantSeal and PlantSeal shine-free for organically grown citrus fruits in their R&D center. These citrus fruit coatings increase the shelf life of the fruit, mitigate aging, and provide excellent control over the overweight loss. Additionally, the PlantSeal shine-free coating enables the fruit to continue its color development and de-greened process of fruit.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Product
- Regions Covered- Globally
- Competitive Landscape- Agrofresh Solutions Inc., Fomesa Fruitech SLU, UPL Ltd., Pace International LLC, Nipro Fresh, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Citrus Fruit Coating Market by Segment
By Product
- Wax
- Shellac
- Wax and Shellac
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