Compound Coating Market Scope
Vegetable fats or compound coatings are created from raw materials, like vegetable oil, soyabean oil, rapeseed oil, palm nut oil, and different oils. Cocoa butter is wide used as a vital ingredient within the compound coating of chocolates. Compound coatings developed with fat systems aside from cocoa butter are referred to as confectionary coatings or compound coatings. Compound coatings/chocolate coatings are an affordable differential to cocoa butter and deliver improved texture, taste, and extended stability.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Compound Coating market throughout the predicted period.
The Barry Callebaut Group (Switzerland), Cargill Incorporated (United States), AAK AB (Sweden), Caldic B.V. (Netherlands), DDW The Colour House (United States), Bunge Loders Croklaan (Netherlands), Palsgaard (Denmark), The Archer Daniels Midland Company (United States), Blommer Chocolate Company (United States) and INFORUM (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Olam International (Singapore).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Compound Coating market , by Application (Chocolates, Muffins and Cakes, Cookies, Ice-Cream, Sports Bars and Others) and Region with country level break-up.
On the basis of geography, the market of Compound Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2020.
Market Leaders and their expansionary development strategies
In 2019, Cargill Incorporated acquired Smet, a leading Belgium-based supplier of chocolate and sweets decorations to the food service and confectionary markets. This acquisition will expand the product portfolio and services to artisans and chocolatiers, bakery, hospitality businesses and food service industries.
In 2017, The Barry Callebaut Group launched FortiPro Brand of protein compound coatings in their protein product portfolio. This protein compound coating is available in various flavors, such as milk, and various colours, such as white and dark.
- Addition of New Flavours and Clean Label coupled with Premium Packaging.
- Rising Penetration of Healthy Oils and Fats in Daily Diet
- Rise in Demand for Improved Texture, Taste and Extended Stability
- Rising Use of Compound Coatings in the Ice-Cream Industry and Chocolate Industry
- Stringent Government Regulations Regarding the Additives
- Availability of Substitutes in Market
Key Target AudienceCompound Coating Manufacturer, Raw Material Provider, Research Institutes, End-User Industry and Others
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Compound Coating Market?
The Compound Coating study can be customized to meet your requirements. The market size breakdown by type , by end use application [Chocolates, Muffins and Cakes, Cookies, Ice-Cream, Sports Bars and Others].
2. How big is the Compound Coating Market?
The Compound Coating Market is gaining popularity and expected to see strong valuation by 2026.
3. What is expected growth rate in Compound Coating Market?
According to AMA, the Global Compound Coating market is expected to see growth rate of %.