Overview and Scope
A food glazing agent is a food additive made with natural or artificial material that creates a waxy, uniform covering to protect surfaces from water loss. It is applied to the outer layer of a food product to provide a shiny appearance and a protective coating.
Sizing and Forecast
The food glazing agents market size has grown strongly in recent years. It will grow from $4.47 billion in 2023 to $4.81 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to food preservation needs, increased bakery and confectionery production, shift in consumer preferences, globalization of food trade, regulatory compliance.
The food glazing agents market size is expected to see strong growth in the next few years. It will grow to $6.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to growth in organic and natural foods, rising demand for plant-based products, innovation in sugar alternatives, expansion of premium chocolate market, sustainability and eco-friendly practices.. Major trends in the forecast period include innovation in natural glazing ingredients, technological advancements, transparent and glossy finishes, advancements in sprayable glazing technologies, collaborations for product innovation..
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Segmentation & Regional Insights
The food glazing agents market covered in this report is segmented –
1) By Ingredient Type: Stearic Acid, Carnauba Wax, Candelilla Wax, Shellac, Paraffin Wax, Other Ingredients
2) By Ingredient Function: Coating Agents, Surface Finishing Agents, Firming Agents, Film Agents, Other Ingredient Functions
3) By Application: Bakery, Confectionery, Processed Meat, Poultry And Fish, Fruits And Vegetables, Functional Foods, Other Applications
Asia-Pacific was the largest region in the food glazing agents market share in 2023. The regions covered in the food glazing agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
An increase in bakery and confectionery consumption is expected to propel the growth of the food glazing agents market. A bakery goods are items made from flour, such as bread, cookies, cakes, pastries, and pies. Confectionery products include sweet foods and products. Bakery and confectionery products are becoming more popular as consumers’ tastes in gourmet goods and eating habits change. Glazing agents are typically used to seal the surface of the bakery product and provide a glossy appearance when the product is not completely coated with icing and to serve as a barrier between the relatively high-moisture bakery product and the relatively low-moisture icing. For instance, in January 2021, according to the United States Department of Agriculture (USDA), a US-based federal executive department for food, farming and forestry, baked goods retail sales (packaged and unpackaged) in China was $34 billion in 2020, accounting for 9% of global retail sales. It is expected to reach $53 billion by 2025, a 53% increase from current levels. Cakes accounted for 41 per cent of total baked goods retail sales in China, with a $14 billion annual value. Therefore, an increase in bakery and confectionery consumption is driving the growth of the food glazing agents market.
Key Industry Players
Major companies operating in the food glazing agents market report are Mantrose-Haeuser Co. Inc., Capol GmbH, Strahl & Pitsch Inc., Masterol Foods Pty. Ltd., The British Wax Refining Company Ltd., Stearinerie Dubois, Poth Hille & Co. Ltd., Koster Keunen Inc., BJ AGRICOM Pvt. Ltd., Avatar Corporation, Archer Daniels Midland Company, Colorcon Inc., Freudenberg Chemical Specialities SE & Co. KG, Macphie Ltd., Puratos Group NV, Döhler Group SE, Agrana Beteiligungs AG, Ningbo J&S Botanics Inc., Kerry Group plc, Royal Zeelandia Group BV, Wuhu Deli Foods Co. Ltd., Carnaúba do Brasil, Zeelandia International BV, Parker Ingredients LLC, Stroever GmbH & Co. KG, DuPont de Nemours Inc., Cargill Inc., Sensient Technologies Corporation, Bowman Ingredients Ltd., Kancor Ingredients Limited
The food glazing agents market report table of contents includes:
1. Executive Summary
2. Food Glazing Market Characteristics
3. Food Glazing Market Trends And Strategies
4. Food Glazing Market – Macro Economic Scenario
5. Global Food Glazing Market Size and Growth
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26. South America Food Glazing Market
27. Brazil Food Glazing Market
28. Middle East Food Glazing Market n
29. Africa Food Glazing Market
30. Food Glazing Market Competitive Landscape And Company Profiles
Top Major Players:
- Mantrose-Haeuser Co. Inc
- Capol GmbH
- Strahl & Pitsch Inc
- Masterol Foods Pty. Ltd
- The British Wax Refining Company Ltd
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