Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.74 Billion | USD 9.01 Billion | 7.4% | 2023 |
Zion Market Research has published a report on the global Food Glazing Agents Market, estimating its value at USD 4.74 Billion in 2023, with projections indicating that it will reach USD 9.01 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.4% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Food Glazing Agents industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
The glazing agent comes in two forms, natural and synthetic. This material provides a waxy and homogeneous coating for food items with the intention of avoiding water loss from the surface and providing additional protection. Food additives applied to food products for flavour, taste and colour enhancement are categorised on the basis of roles that they act as glazing agents, stabilisers, packing gases, thickeners, propellants, anti-caking agents and gelling agents. Glazing agents used in food applications are used to improve attachment capability and coating capability, as well as to provide a film forming with a polished appetising visual appeal. In the confectionary industry, glazing agents are mainly used to coat hard-boiled candies and other types of candies.
Continuous variation in food glazing agents is driving the development of the demand for global food glazing agents. Significant suppliers in the global industry are engaged in continuous research in food glazing agents and the introduction of alternative goods will also boost the global market. These agents are used in the bakery of many items, such as donuts, and also have a positive effect on the global demand for food glazing agents. In addition, the introduction of new organic and natural glazing agents in the manufacture of food products would further lead to future development. However the introduction of innovative growth models such as product advances, mergers and acquisitions, alliances, partnerships and new technology releases also fuel the global demand for food glazing agents.
The study provides a decisive view of the food glazing agents markett by segmenting the market based on applications, by types and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on the applications as fruits & vegetables, bakery products, snacks & nutritional bars, meat & poultry products, confectioneries, ready-to-eat cereals, dairy products, and others. Of these, the bakery is the leading application segment in the global market owing to increasing use of food glazing agents in confectioneries.
Based on types, the global market is segmented as carnauba wax, beeswax, shellac petrolatum or petroleum jelly, lanolin, and stearic acid or fatty acid. Of these, beeswax and lanolin are the most preferred.
Region wise, global the food glazing agents market is diversified into Europe, the Middle East and Africa, North America, Asia-Pacific and Latin America.
Report Attributes | Report Details |
---|---|
Report Name | Food Glazing Agents Market |
Market Size in 2023 | USD 4.74 Billion |
Market Forecast in 2032 | USD 9.01 Billion |
Growth Rate | CAGR of 7.4% |
Number of Pages | 110 |
Key Companies Covered | Wuhu Deli Foods Co., Ltd., Entemann's Inc., Ningbo J&S Botanics Inc., and Mantrose-Haeuser Co., Inc. Other key players include Masterol Foods, Kerry Ingredients Limited, The Riverside Company, Hainan Zhongxin Wanguo Chemical Co., Ltd, Arla Foods, and Avatar Corporation among others |
Segments Covered | By Applications, By Types And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is the leading area in the global food glazing industry and is projected to develop at a steady rate over the next few years. Some emerging economies, such as Australia, China and Japan, are leading the food glazing industry. Increased demand and higher use of food glazing agents are projected to boost the global market in these areas. However, consumption of packaged and convenience food goods in India and Latin American countries is subject to higher consumption, which is projected to accelerate global consumer growth in the future. However the growing use of food glazing agents in confectionery, in particular chocolates and candies in Europe, is expected to fuel the demand growth of global food glazing agents.
Some main participants of the food glazing agents market are-
Other key players include-
Global Food Glazing Agents Market: Applications Analysis
Global Food Glazing Agents Market: Types Analysis
FrequentlyAsked Questions
Continuous variation in the food glazing agents is driving the global food glazing agents market growth. Major vendors in the global market are involved in continuous innovation in food glazing agents and substitute products launches may also enhance the global market.
The global Food Glazing Agents Market, estimating its value at USD 4.74 Billion in 2023, with projections indicating that it will reach USD 9.01 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.4% over the forecast period 2024-2032.
Asia Pacific is the dominating region in the global food glazing agents market and is anticipated to grow at steady pace in the next few years. The market for food glazing agents is led by some emerging economies such as Australia, China, and Japan.
Some main participants of the food glazing agents market are Wuhu Deli Foods Co., Ltd., Entemann's Inc., Ningbo J&S Botanics Inc., and Mantrose-Haeuser Co., Inc. Other key players include Masterol Foods, Kerry Ingredients Limited, The Riverside Company, Hainan Zhongxin Wanguo Chemical Co., Ltd, Arla Foods, and Avatar Corporation among others.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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