About Compound Coating
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Compound Coating market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 coverage are Olam International (Singapore).
Segmentation Overview
AMA Research has segmented the market of Global Compound Coating market by , Application (Chocolates, Muffins and Cakes, Cookies, Ice-Cream, Sports Bars and Others) and Region.
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 2023. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Compound Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavor, the sub-segment i.e. Mint will boost the Compound Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Palm Oil will boost the Compound Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Addition of New Flavours and Clean Label coupled with Premium Packaging.
Market Growth Drivers:
Rising Penetration of Healthy Oils and Fats in Daily Diet and Rise in Demand for Improved Texture, Taste and Extended Stability
Challenges:
Availability of Substitutes in Market
Restraints:
Stringent Government Regulations Regarding the Additives
Opportunities:
Rising Use of Compound Coatings in the Ice-Cream Industry and Chocolate Industry
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 Pronexos has launched a new range of wear resistant composite coatings for CFRP rollers that will offer customers new cost-effective options for CFRP roller applications. Tonex, which is a registered trademark, is a resin-based composite coating for rollers that has been designed to meet the specific needs of the printing & packaging, converting and non-woven markets, although it has other applications too.
Key Target Audience
Compound Coating Manufacturer, Raw Material Provider, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.