LONDON--(BUSINESS WIRE)--The global fruits and vegetables coatings market is expected to register a CAGR of close to 7% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the market’s growth is the reduction in the price of editing software. Coatings help in restoring the natural coatings of fruit and vegetables and prevent dehydration. Several post-harvested conventional and organically approved processing solutions are used for coating fruits and vegetables. Some of the popular coatings include vegetables waxes such as carnauba, animal-based waxes such as shellac, and mineral and synthetic waxes.
This market research report on the global fruits and vegetables coatings market 2018-2022 provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio highlights the increasing demand for food products with long shelf lives as one of the key emerging trends in the global fruits and vegetables coatings market:
Global fruits and vegetables coatings market: Increasing demand for food products with long shelf lives
At present, the emphasis on reducing food wastage has increased in many countries, especially in regions such as APAC. It is estimated that 1.3 billion tons, which is approximately one-third of the food produced globally, is wasted annually. Wastage of food products leads to financial losses for retailers and manufacturers. Fruit harvesters and exporters apply fruit coatings in order to increase the shelf life of fruits and thus reducing wastage.
“Consumers prefer the enhanced flavor and freshness of coated fruits and vegetables. A key factor driving the growth of the market is the extended shelf life of coated fruit and vegetables. Applying wax coatings on fruits and vegetables significantly decreases the chances of post-harvest decay. These coatings reduce weight loss in fruits and increases tissue firmness during transportation and storage,” says a senior analyst at Technavio for research on food service.
Global fruits and vegetables coatings market: Segmentation analysis
This market research report segments the global fruits and vegetables coatings market into the following products (fruits coatings and vegetables coatings) and key regions (the Americas, APAC, and EMEA).
The fruits coatings segment held the largest market share in 2017, accounting for nearly 68% of the market. This product segment is expected to dominate the global market throughout the forecast period.
APAC held the highest share of the global fruits and vegetables coatings market in 2017, accounting for a market share of approximately 40%. The market share occupied by this region is anticipated to increase by nearly 1% during 2018-2022.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market sizing
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
