Food Glazing Agents Market demand, Get Market Research, Business Risk & Industry Analysis Reports 2027

Posted June 21, 2021 by Vaibhavwa_mrfr21

MarketResearchFuture Presents “Food Glazing Agents Market demand Research Report –Global Forecast to 2027” New Document to its Studies Database

Market Highlights

According to Market Research Future (MRFR), the Food Glazing Agents Market demand 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 Food Glazing Agents Market demand 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).

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Segmental Analysis

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 Market demand 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 Market demand 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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Country India
Categories Business , Industry
Tags Food Glazing Agents Market demand
Last Updated June 21, 2021