Global food glazing agents market - Global Industry Growth and Forecast – 2027
According to
Market Research Future (MRFR), the global food glazing agents market had a
valuation of USD 4.8 billion in 2018 and is predicted to register a CAGR
of 5.4% from 2019 to 2024 (forecast period). The report offers a detailed
review of COVID-19 impact on current/future market situations. The report also
highlights some of the key market factors that will affect the growth of this
sector, such as market share, leading region, and major suppliers.
Food glazing
agents are food ingredients or additives, also referred to as food polishing
agents, which are applied over food items to give a polished, glossy and
protective coating to food, especially bakery and confectionery products and
vegetables and fruits. Food glazing agents are made from both artificial and
natural sources. Food glazing agents are ingredients used in a variety of food
and beverage applications, such as dairy products, frozen desserts, bakery
& confectionery, drinks, meat, poultry & seafood, fruit &
vegetables, and dietary supplements.
Market
Dynamics
Increasing
demand for processed meat, fish and poultry, and functional foods is estimated
to expand overall demand. Increasing the use of food glazing agents in bakery
and confectionery products, given the growing preference for customized food
items, is expected to influence the demand of the industry in the near future.
In addition, the growing demand for organic and vegan food is expected to boost
demand for food additives, which, in effect, will promote the growth of the
market for food glazing agents.
Key Players
Some of the significant participants in the global food glazing agents market are Strahl & Pitsch (US), Capol GmbH (Germany), Mantrose-Haeuser Co., Inc. (US), Masterol Foods (Australia), Stéarinerie Dubois (France), The British Wax Refining Company Ltd (UK), BJ International (India), Macphie Limited (UK), Carnaúba Do Brasil LTDA (Brazil), Poth Hille & Co Ltd (UK), Fine Zeelandia Pvt Ltd (India), Koster Keunen, Inc. (US), Avatar Corporation (US).
The global market for food glazing
agents has been segmented based on ingredient type, function, application, and
region.
By ingredient type, the global market
for food glazing agents has been classified as candelilla wax, stearic acid,
paraffin wax, beeswax, carnauba wax, shellac, and others. Carnauba wax was the
dominant type of ingredient in the recent past. Due to its extensive use in the
preparation of glazing agents used in confectionery and bakery applications.
Among other ingredients, stearic acid has also contributed significant revenue
to the market for food glazing agents in the recent past. Paraffin wax has
demonstrated considerable market size in the recent past. The growing
application of paraffin wax in the packaging, cosmetics, and candle industries
is expected to boost demand for this type of ingredient segment.
Based on function, the global market
for food glazing agents has been segregated as coating agents, firming agents,
surface-finishing agents film formers, and others.
Based on the application, the global
market for food glazing agents has been segregated into bakery, confectionery,
fruits & vegetables, meat, poultry & seafood, dietary supplements, and
others. The confectionery segment has led the overall market in the recent past
and is expected to show a substantial growth rate in the near future. Increased
consumption of canned fruits and vegetables and canned seafood is expected to
pose growth opportunities for the demand for food glazing agents.
Regional
Analysis
The
global market for food glazing agents
has been studied concerning four key regions—North America, Europe, Asia
Pacific, and the rest of the world.
In 2018, the North American market for food glazing agents gained the
largest revenue share due to the high demand for food glazing agents in a
variety of food products to improve their appearance. The US and Canada are
major country-level markets that contribute to the growth of the North American
market for food glazing agents.
However, the Asia Pacific is expected to have the highest CAGR in the
forecast period 2019-2024 due to the increasing growth of market players in the
region and the growth of application industries in the Asia Pacific.
NOTE: Our Team
of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
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