Global Food Glazing Agents Market - 2022-2029
The global food glazing agents market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
Glazing agents are food additives used to coat the outside of food with a shiny finish or a protective coating that can enhance the product's shelf life. They're commonly found in fruits and vegetables, baked goods, chocolate, chewing gum, and other confectionery items. A significant factor driving the market's growth is rising consumer demand for the texture and appearance of foods and a growing consumer base for glazing agents in the food industry. Consumer preferences in developing countries for better-looking food are expected to boost overall market demand for food glazing agents market throughout the forecast period.
Increased demand for ready-to-eat and processed food
The global food glazing agents market is primarily driven by the rise of the food additives industry and the rising consumption of processed foods. Food additives are widely used in these products to preserve the freshness, safety, taste, appearance, and texture of processed foods. Emulsifiers, for example, bind water and oil together in an emulsion and hence play a crucial part in many low-fat processed foods. Food glazing agents may be driven by rising consumer desire for texture and appearance due to candy and bakery consumption, particularly in China, India, and Brazil. Furthermore, increasing demand for organic and vegan meals is likely to enhance the market for food additives, boosting food glazing agents. One of the major factors driving the food glazing's agents market is the rising demand for convenience and processed foods such as ready-to-eat foods, ready-to-drink drinks, snacks, frozen dinners, and others.
Carnauba wax accounted for the highest share in the global food glazing agents market
Due to a significant increase in demand for glazing agents originating from natural sources, the demand for carnauba wax as a food glazing agent is expected to expand at the quickest rate throughout the predicted years. Carnauba wax is fully approved for consumption pretty much everywhere around the world. Wax seems like an odd thing to eat, but carnauba wax is deemed safe and entirely fit for human consumption, as it isn't digested but passes through the body without breaking down. The demand for organic food ingredients is increasing, which is expected to boost the expansion of carnauba wax in the forecast years.
Bakery products, confectionery products, processed meat & poultry, fruits & vegetables, functional foods, and others are among the global food glazing industry applications. Due to the increased use of glazing agents in confectionery products, the category is expected to hold the largest market share throughout the forecast years. The market for food glazing agents is likely to rise due to the rising demand for innovative and healthy confectionery items in both developed and developing economies. Because of increasing consumer awareness of the health benefits of functional foods, the market is expected to grow at the fastest rate.
Europe is the dominating region during the forecast period
Due to high costs and high demand for confectionery and bakery items, Europe is an essential region in the food glazing agents market. It dominates the global sector in terms of revenue. Europe is a crucial region for the food glazing agents sector, with significant contributions to expanding cakes and bakery items. In addition, over the last few years, the number of food processing units in this region has increased. The United Kingdom remains a valuable market for food additives in this region due to its enormous population base and prospective consumer market. Furthermore, the country is seeing rapid growth in new product releases and developments.
In Europe, Germany has the most significant and fastest-growing market for food sweeteners. Because of consumer awareness and government regulations, sugar substitute usage is fast expanding in the country. Furthermore, Germany has a sizeable domestic bread product manufacturing due to increased consumption. Hence, the country's rising bakery and confectionery industry contribute to the expansion of the food glazing agents market in Germany. The dairy industry is also seeing an increase in demand for the product, which is driving up demand for food glazing agents in the country.
The global market for food glazing agents is highly fragmented, with both domestic and international companies. Capol GmbH, Koster Keunen, Stearinerie Bubois, Mantrose-Haeuser Co.Inc, and Colorcon.Inc is some of the market's major players. The major players are increasing their geographical scope by purchasing or combining with overseas market manufacturers. In the global food glazing market, expansion is the most chosen growth strategy, followed by new product development. In addition, firms use acquisitions and alliances as two more strategies to strengthen their market dominance. Orkla stated in April 2019 that it had reached an agreement to purchase Zeelandia Sweden AB, a Swedish provider of margarine, vegetable oils, and bread ingredients. In November 2021, Capol GmbH developed an innovative anti-sticking agent for gummies. The formulation enables an along-shelf for confectionery coatings based on rapeseed and sunflower oil. These layer coatings ensure that the product neither sticks together nor dries out prematurely while also giving them an appealing look and attractive gloss.
COVID-19 Impact: Negative impact on the global food glazing agents market.
The food glazing agent market has been impacted by the COVID-19 pandemic, from raw material procurement through end-product manufacture. The manufacturers were hampered by a labor shortage and import and export restrictions. The COVID-19 pandemic has impacted a variety of sectors around the world. The pandemic had a significant impact on the food manufacturing and distribution industries. Many food processing enterprises have been shut down due to severe lockdowns and social distancing measures. Food glazing manufacturing industries worldwide suffered as a result of this. In addition, with the global decline in COVID cases, the situation is improving, the market is gaining momentum, and will expand during the forecast period. Therefore, it is estimated that the market after COVID-19 will grow considerably.
Understand the current market scenario and viability of global food glazing agents market over the forecast period.
Visualize the composition of the global food glazing agents market terms of type, and application to identify major players, growth potential, and market strategies.
Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period.
Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global food glazing agents market- Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
The global food glazing agents market report would provide an access to approximately 55 market data tables, 45 figures and 180 pages
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