Market Analysis
Food glazing agents are natural or synthetic materials that provide a waxy, homogeneous, glazed texture to check water loss and impart protection. These ingredients are considered as a food additive which offers coating ability, binding capability and increases the visual appeal. Food glazing agents have a wide application in food toppings at various bakery and confectionary products to improve the texture and appearance of Cakes, Biscuits, Chocolates, Cookies, Toffees and other products. Growing consumer consciousness & their growing interest towards product appearance and texture, along with the numerous benefits of food glazing agents, the huge demand for food glazing agents will drive the market growth from 2017 to 2024.
With the growth in food additives industry coupled with huge demand for bakery and confectionary food products, food glazing agent market is likely to propel with an exponential rate in the upcoming years. Key players are capitalizing more in area of R&D in order to achieve product innovation in terms of better functionality and diverse application. Such agents also play dual role as it helps preserve the food moisture content and also prevent it from microbial degradation, hence improving shelf life of the food product.
Likewise, with the development in the food additives market and progression in the field of food technology coupled with the modernization and introduction of natural and organic products under the food glazing agent’s category has boosted the sales of food glazing agents. These elements have directed towards the acceptance of the food glazing agents for various food applications such as processed foods and convenience foods manufacturing industries, among others. Also, the mounting growth of processed meat and sea food is expected to be one of the vital factors for the rising growth of food glazing agents during the forecast period. Moreover, the increasing application of paraffin wax in the packaging and cosmetics industry is propelling the sales of food glazing agents.
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Major Key Players
The major manufacturers in the global Food Glazing Agents Market are concentrating more towards improving their brand name through various promotional activities. The companies have been regularly participating at various social events, and consumer interaction. The manufacturers readily demonstrate their product range at various events & exhibitions to draw new customers. Additionally, the key players are focusing more towards research & development in order to come up with new and improved product.
The key players profiled in Food Glazing Agents Market are British Wax (U.K), Masterol Foods (Australia), Capol GmbH (Germany), Mantrose-Haeuser Co., Inc. (U.S.), Strahl & Pitsch (U.S.), Stearinerie Dubois (France), and Koster Keunen (U.S.) among many others.
Market Segments
Global Food Glazing Agents Market has been divided into source, type, application and Region
On the Basis of Source: Stearic Acid, Beeswax, Carnauba Wax, Candelilla Wax, Shellac, Paraffin Wax, and Others
On the Basis of Type: Coating Agents, Surface-Finishing Agents, Firming Agents, Film Formers, and Others
On the Basis of Application: Bakery, Confectionery, Processed Meat, Poultry & Fish, Fruits & Vegetables, Functional Foods, and Others
On the Basis of Region: North America, Europe, Asia Pacific, and Rest of the World
Regional Analysis:
Food Glazing Agents Market is segmented into Europe, North America, Asia Pacific and Rest of the World. Among all the regions, the Europe is projected to hold its dominance throughout the forecast period of 2017-2024. In the Europe region, Germany holds the major consumption of food glazing agents. Additionally, the Asia Pacific region is accounting for nearly 28% market proportion in the year of 2017 and it is likely to retain its dominance throughout the forecast period of 2017-2024. This is supported owing to the high consumption of processed and convenience food products in this region. Furthermore, the North America is valued to account for a greater market section of global food glazing agents market in the year of 2017. The growth of food glazing agents market in Asia Pacific region is due to the increasing growth of bakery & confectionery industry. Among the Asia Pacific region, China is likely to hold major market proportion throughout the forecast period.
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