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Confectionery Coating Market

Market Insights on Confectionery Coating covering sales outlook, demand forecast & up-to-date key trends

Confectionery Coating Market by Nature, Form, Flavour, Product Type & Region - Forecast 2022 - 2032

Confectionery Coating Market Outlook

The confectionery coating market is expected to record a CAGR of 5.8% during the forecast period 2022-2032, up from US$ 3.62 Billion in the year 2022 to reach a valuation of US$ 6.36 Billion by 2032.

Report Attributes

Details

CAGR

5.8%

Value (2022)

US$ 3.62 Billion

Value (2032)

US$ 6.36 Billion

The confectionery coating market is anticipated to show promising growth prospects in the forecasted period 2022-2032.

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What are the Key Drivers to the Confectionery Coating market Share

The increasing consumption of sugar confection products has increased the demand for confectionery coatings. Also, the increasing number of food industries such as bakery and confectionery is expected to generate huge demand for confectionery coating in the forecast period.

Globally, there is an increasing demand for free-from foods, particularly in urban areas. Foods that are GMO-free, gluten-free, and free from other ingredients are becoming increasingly popular. Hence various companies are launching their products by giving clean labels and free-from tags.

The new players who want to invest in the confectionery coating market could launch clean labels and free-from confectionery coatings in urban areas. Big players are launching their products with clean label tags. For instance, in 2017, Cargill incorporated launched a range of clean label coating and fillings for confection products.

Also, the demand for vegan products is growing at a rapid pace; consumers are inclined toward vegan products. Considering this, various manufacturers are launching their products targeting the vegan population. For instance, confectionery ingredient manufacturer Thew Arnott & Co Ltd. launched a confectionery coating-zein-based food glazing, especially targeting the vegan population. In addition, the health consciousness among consumers is increasing globally, which has a significant impact on the confectionery coating market. Consumers are demanding organic products. Hence, new and existing market players could focus on organic products.

Which Region holds the Highest Growth Potential in the Confectionery Coating market

The demand for confectionery coating is also increasing owing to its flavouring function in confectionery products. As chocolate has become a very common flavour in confectionery products, consumers are opting for other flavours, such as berries and yoghurt.

The flavour varieties of confectionery coatings are the key driving factor for the growth of the market. Confectionery coating manufacturers are also focusing on the new flavour varieties as a speciality offering; speciality tags are enabling manufacturers to add up the value of the confection products.

Few manufacturers are offering organic confectionery coatings, such as Capoll LLC, which is offering gum acacia-based organic confectionery coatings. Hence, other manufacturers and new entrants could focus on organic confectionery coatings as the demand for organic products is increasing widely, mostly in America and Europe.

Nandini Roy Choudhury
Principal Consultant
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How is the Competitive Landscape in the Confectionery Coating Market

Organic confectionery coatings are available from very few suppliers, such as Capoll LLC, which provides organic confectionery coatings that are gum acacia-based. Hence, other manufacturers and new entrants could focus on organic confectionery coatings as the demand for organic products is increasing widely, mostly in America and Europe.

Some of the key manufacturers and traders operating their business in the global confectionery coating market are 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.

The demand for confectionery coating is growing at a rapid pace; various industrialists are focusing on the confectionery coating market.

Report Scope

Report Attribute

Details

Growth rate

CAGR of 5.8% from 2022 to 2032

Base year for estimation

2021

Historical data

2015-2021

Forecast period

2022 - 2032

Quantitative units

Revenue in US$ million/billion and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Nature, Form, Flavour, Product Type, & Region

Regional scope

North America (U.S., Canada); Latin America (Mexico, Brazil); Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg); Eastern Europe (Poland and Russia); Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand); Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Country scope

U.S., Canada, Mexico, Brazil, Germany, U.K., France, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg Poland and Russia, China, India, Japan, ASEAN, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa

Key companies profiled

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.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

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Key Segments Profiled in Confectionery Coating market

By Nature:

  • Organic Confectionery Coating
  • Conventional Confectionery Coating

By Form:

  • Wafers
  • Blocks
  • Others

By Flavour:

  • Dark Chocolate
  • White Chocolate
  • Milk Chocolate
  • Yoghurt
  • Caramel
  • Fudge
  • Citrus
  • Berries
  • Others (Spice, Nut Butter)

By Product Type:

  • Candies
  • Biscuits & Cookies
  • Dried Fruits & Nuts
  • Soft Candies
  • Bars
  • Lollipops
  • Canes
  • Toffies
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific 
  • Middle East & Africa 

Frequently Asked Questions

The confectionery coating market is expected to record a CAGR of 5.8% during the forecast period 2022-2032, up from US$ 3.62 Billion in the year 2022 to reach a valuation of US$ 6.36 Billion by 2032

Key players holding substantial market share are 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.

As per the analysis, the confectionery coating market share is likely to be US$ 6.36 Billion by 2032.

The flavour varieties of confectionery coatings are the key driving factor for the growth of the confectionery coating market.

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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