Global Confectionery Coating Market: Overview
Technology forms key component of growth in a number of industries and markets. This is why investments towards its improvement are growing. It is also true for global confectionery coating market, which is set to chart growth a robust growth rate over the period of 2020 to 2030, as per Transparency Market Research. Opportunities will crop up for market players and valuation will touch a higher mark.
One of the biggest growth factors in the global confectionery coating market is increase in food processing. From breakfast cereal and snacks to bakery and meat, demand for such products is growing, driving the market upward and forward. Hectic lifestyle is major growth enabler in the market over the forecast period.
Global Confectionery Coating Market: Notable Developments
In the vendor landscape of this particular market, players are taking up over and sophisticated growth strategies to create an edge over competitors. These measures are creating a number of notable developments in the global confectionery coating market. Few prominent ones are detailed out below:
2017: Clean label coating range was launched by Cargill Inc. and this is quite in step with the evolving demand for products, especially created by the millennial populace. This is not only making the company ore popular among the demographic, but also helping it claim higher market share.
2016: In this year, another company Arnott and Co. and another one called Capoll LLC developed new products. While the one by former targeted vegans – a rapidly expanding consumer group, the latter focused on organic, products which are in high demand. Both show how it is significant to be in tune with changing demands of the consumers.
Players known for their pro-activeness and skill in claiming prominent revenue shares in the market are:
- Capol LLC
- Rascal Confectionery Ltd.
- The Warrell Corporation
- Barry Callebaut AG
- Mantrose-Haeuser Co. Inc.
- Thew Arnott & Co Ltd.
- Sweetdreams Limited
- Norevo GmbH
- Clasen Quality Coatings Inc.
- Soyuzsnab Group of Companies
- Alvas Group
- Bunge Loders Croklaan
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Global Confectionery Coating Market: Key Trends and Drivers
- A large number of people are shifting towards clean label products and are asking for the health and sustainability factor of the same to be provided. This is driving players operating in the global confectionery coating market towards healthy and label friendly ingredients. A push, therefore, is also seen towards organic produce. Additionally, some players are branching towards vegan options as the number of vegans worldwide - even in meat eating countries - is growing a dizzying pace.
- Increase in demand for bakery products and confectionary is driving up demand for coatings, which improve appearance of these. Growing disposable income is one of the most notable factors driving demand in the market. Additionally, demand for easy and fast food is growing and that too is contributing to growth in the global confectionery coating market over the forecast period.
Global Confectionery Coating Market: Regional Analysis
Competitive markets like those of Germany, the United Kingdom, the United States of America, and France have become saturated. Presence of major manufacturers here helps them account for notable global confectionery coating market share. It is pertinent to note here that over the forecast period, mentioned above, the Asia Pacific will contribute significantly to growth in the global confectionery coating market owing to growing disposable income and robust economic growth in countries like India and China.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.