Confectionery coatings Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Confectionery coating is also known as a compound coating, candy wafers, and melting wafers. The wafers are made with trans-fat-free, so they do not require tempering. It can also be used as a substitute for real chocolate, but it is not considered as real chocolate because it is made with palm kernel oil, whereas cocoa butter is found in real chocolate. Confectionery coatings perform many functions in confectionery products such as flavoring agent, glazing agent, color enhancer, and fortifying agent.

MARKET DYNAMICS

The consumption of sugar confection products is increasing, which has increased the demand for confectionery coatings. Different product innovations like a combination of liquid & solid flavors, odor sensations, and energy boosts in confectionery products drive the growth and development of the confectionery market across the globe. Health-conscious trends are also governing the market as consumers are increasingly cutting down the consumption of confection products due to health risks. Hence, the manufacturers are compelled to reduce the artificial sweeteners, saturated fats, and other chemically active ingredients in confectionery coatings. Moreover, the designs and colors in confectionery coatings are also supplementing the growth of the market. Confectionery coatings for targeting vegan consumers have also been launched in the market.

MARKET SCOPE

The "Global Confectionery coatings Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the confectionery coatingsmarket with detailed market segmentation by type, flavor , application and geography. The global confectionery coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading confectionery coatings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global confectionery coatings market is segmented on the basis of flavor, form, and product type. On the basis of flavor the global confectionery coatings market is segmented into milk chocolate, fudge, caramel, citrus, berries and others. By form the confectionery coatings market is classified into wafers, blocks and others. Based on product type the global confectionery coatings market is segmented into biscuits and cookies, dried fruits and nuts, candies, lollipops and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global confectionery coatingsmarket based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The confectionery coatingsmarket by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the confectionery coatingsmarket from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the confectionery coatingsmarket in these regions.

MARKET PLAYERS

The reports cover key developments in the confectionery coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from confectionery coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the confectionery coatings market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the confectionery coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- Blommer Chocolate Company

•   LorAnn Oils
  
•   Rascal Confectionery Ltd.
  
•   Thew Arnott & Co Ltd
  
•   Fancy Flours
  
•   Soyuzsnab
  
•   Mantrose-Haeuser Co.
  
•   Barry Callebaut AG
  
•   Norevo GmbH
  
•   Clasen Quality Coatings Inc.
  

The Insight Partner dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Confectionery coatings Report Scope