The global food glazing agents market size is expected to reach US$ 3.4 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.5% CAGR between 2020 and 2030.
According to the report, change in lifestyle and change in eating preferences have influenced the food glazing agents market to a large extent. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
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It includes in-depth insights into the food glazing agents market. Some of these are:
- The estimated value of the market was at US$ 2.1 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- The Asia Pacific food glazing agents market is largely driven by the processed meat industry in China and India.
- Focus on Organic and Vegan ingredient types will set the competition apart for the market players involved in the supply chain of food glazing agents market.
- Europe emerged as a leader in the food glazing agents industry.
- Confectionery segment has emerged as a dominant application.
- Key players are likely to focus on product innovations to stay relevant in developed markets.
Rising consumer interest towards the texture and appearance of foods and increasing demand for glazing agents in the food industry are likely to boost market demand in the forecast period,” said a lead analyst at FMI.
Increased Consumption of Processed Food Will Boost Growth
Combined with increased consumption of processed food, the growth of the food additives industry primarily drives the global demand for food glazing agents. In addition, rising demand for organic and vegan products is expected to drive demand for food additives, which, in turn, would fuel the growth of the market for food glazing agents. Rising consumer preference towards texture and appearance owing to confectionery and bakery consumption particularly in China, India, and Brazil may drive the food glazing agents market in the mentioned countries.
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Who is Winning?
Some of the major players in the food glazing agents market, globally include Freudenberg Chemical Specialities SE & Co. KG, Mantrose-Haeuser Co., Inc., STEARINERIE DUBOIS, Royal Zeelandia Group BV, Masterol Foods, and Colorcon among others.
The players are expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. Expansion is the most preferred growth strategy followed by new product developments in the global food glazing market. Additionally, acquisitions and partnerships are the two other strategies, followed by the companies to strengthen their market dominance.
Get Valuable Insights into Food Glazing Agents Market
Ingredient Type
- Stearic acid
- Beeswax
- Carnauba wax
- Candelilla wax
- Shellac
- Paraffin wax
- Others (montan and lanolin wax)
Application
- Bakery
- Confectionery
- Processed meat
- Poultry & Fish
- Fruits & vegetables
- Functional foods
- Others (dairy products & convenience foods)
Ingredient Function
- Coating agents
- Surface finishing agents
- Firming agents
- Film agents
- Others (binding agents and stabilizing agents)
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Frequently Asked Questions
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8 years.
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