Global Plant Based Edible Coating Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
A groundbreaking approach known as Plant based Edible Coating utilizes a blend of cellulose and natural extracts like lipids and resins to create a solution with diverse uses across different industries – particularly, in food preservation applications where it safeguards fruits and vegetables alongside processed foods by creating a protective layer that regulates moisture and prevents microbial contamination without compromising taste or nutrition.
Market Key Insights
- The Plant Based Edible Coating market is projected to grow from $611.8 million in 2024 to $1.68 billion in 2034. This represents a CAGR of 10.6%, reflecting rising demand across Fruit Preservation, Enhancing Food Aesthetics and Extending Shelf life of Vegetables.
- Apeel Sciences, Mantrose-Haeuser Co. Inc., Sono-Tek Corporation are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Plant Based Edible Coating market and are expected to observe the growth CAGR of 7.7% to 11.1% between 2024 and 2030.
- Emerging markets including Vietnam, South Africa and Chile are expected to observe highest growth with CAGR ranging between 10.2% to 13.3%.
- Transition like Shifting Preference Towards Eco-friendly Products is expected to add $150.9 million to the Plant Based Edible Coating market growth by 2030
- The Plant Based Edible Coating market is set to add $1.1 billion between 2024 and 2034, with manufacturer targeting Pharmaceuticals & Cosmetics End-Users projected to gain a larger market share.
- With Increased consumer awareness towards food safety, and Rise in demand for processed foods, Plant Based Edible Coating market to expand 174% between 2024 and 2034.
Opportunities in the Plant Based Edible Coating
The rising focus on health and being is prompting people worldwide to turn more towards organic and plant based items These changing consumer preferences offer a new opportunity for producers to market plant based edible coatings as a natural and safer option, to artificial food additives.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
Asia-Pacific Outlook
Market Dynamics and Supply Chain
Driver: Increased Consumer Awareness towards Food Safety, and Technological Advancements in Edible Packaging
The rising need for processed and packaged foods on a scale is also fueling the advancement of creative packaging methods, like plant based edible coatings that serve a dual role; safeguarding the food item and also being a part of the product that can also be consumed.
Restraint: High Production Costs
Opportunity: Technological Innovations for Sustainable Products and Strategic Collaborations for Market Penetration
Leveraging partnerships and alliances within the supply chain can boost market reach in unexplored sectors effectively. Companies have the opportunity to team up with regional stores to advocate for the use of plant based edible coatings and highlight their advantages in preserving food quality. Through leveraging the customer base of prominent retailers these products can garner more exposure and pave the way, for substantial growth prospects.
Challenge: Limited Awareness and Perception
Supply Chain Landscape
Dupont
BASF
Cargill
CHR Hansen
Mantrose-Hauser
CP Kelco
Nestle
Kraft Heinz
Dupont
BASF
Cargill
CHR Hansen
Mantrose-Hauser
CP Kelco
Nestle
Kraft Heinz