The Fruits And Vegetables Coatings Market is being driven by Benefits offered by fruits and vegetables coatings
The Fruits And Vegetables Coatings Market is expected to grow at a CAGR of 7.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 379.8 million. In the fruit and vegetable industry, post-harvest preservation is a crucial aspect for growers to enhance profitability and minimize spoilage. Companies specializing in post-harvest solutions, such as fruits and vegetables coatings, are investing in innovative technologies to create effective barriers for produce. For instance, Apeel Technology Inc. introduced plant-derived coatings in 2024, derived from lipids and glycerolipids found in peels, seeds, and pulp. These advanced coatings naturally slow down water loss and oxidation, thereby significantly extending freshness. AgroFresh Solutions Inc. also expanded its post-harvest technology portfolio by launching Teycer Originals, a line of edible coatings, in the second quarter of 2024. These coatings provide enhanced protection against spoilage and maintain the produce's natural texture, taste, and appearance.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
224 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.2% |
Market growth 2025-2029 |
USD 379.8 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
6.5 |
Key countries |
China, US, Japan, India, Germany, France, Canada, South Korea, UK, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Fruits and Vegetables Coatings Market encompasses various advanced coatings used to enhance the quality, durability, and performance of fresh produce. Key aspects include coating deposition techniques, film formation rates, and coating integrity. Coating efficacy, durability, and innovation are crucial, with biopolymer and nanoparticle coatings leading the way. Coating application equipment and removal methods are essential, along with recycling and supply chain management. Coatings offer benefits like anti-fogging, anti-slip, anti-bacterial, anti-fungal, UV protection, active, intelligent, and sensor-based features. RFID tags aid in supply chain management, reducing food waste, ensuring food security, and maintaining consumer safety. Health benefits, nutritional value, vitamin retention, mineral retention, antioxidant activity, polyphenol content, and flavor compounds are essential for consumers. Sensory evaluation through taste panels and consumer preferences play a significant role in market growth.
The global market for fruit and vegetable coatings, encompassing edible coatings, wax coatings, polymeric coatings, bio-based coatings, and antimicrobial coatings, plays a significant role in the packaged foods and meats industry. This sector caters to food processing vendors, focusing on enhancing food safety and extending product shelf life. Technavio's market analysis calculates the market size based on the consolidated revenue of these vendors. Excluded from this market are manufacturers of food processing equipment and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. The market's expansion is influenced by the health benefits linked to the consumption of minimally processed foods, such as fruits and vegetables, which are rich sources of essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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