A recent report published by Infinium Global Research on food glazing agents market provides an in-depth analysis of segments and sub-segments in the global as well as regional food glazing agents market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional food glazing agents market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global food glazing agents market. According to the report the global food glazing agents market is projected to grow at a CAGR of 7.6% over the forecast period of 2018-2024.
The food glazing agent is a natural or synthetic substance that provides a waxy, homogeneous, coating to prevent water loss from a surface and provide other protection to food products. Food glazing agents in food applications are majorly used to give coating ability, film forming and binding capability with a polished appetizing visual appeal. Food glazing agents are primarily used in the confectionary industry especially in hard-boiled candies as a coating and various other types of candy. Food glazing agents are also used on some baked goods like donuts. Food glazing agents market is growing with respect to the growth in the food additives market. Additionally, it's market growth is subject to innovation and introduction of new natural and organic glazing agents for food products. Food glazing agents are used for packed fruits, functional foods, and vegetables.
The growth of the food additives industry combined with the increased consumption of processed food is primarily driving the global food glazing agents market. Moreover, the increasing demand for organic and vegan foods is expected to drive the demand for food additives, which in turn, will favor the growth of the food glazing agents market. Food glazing agents market is significantly influenced by two broad factors - an increase in the consumption of bakery and confectionery products and an increase in awareness among consumers regarding different foods. Both of these factors are particularly prominent in the case of European and South American countries. The rise of urbanized and high-income consumers in these regions is cited as major reasons for these factors. Now, consumers are more concerned towards attractiveness in bakery and confectionery products. These glazing agents are also used as a protective coating for food.
Europe has a stronghold in the food glazing agents industry, it leads the global industry, regarding revenue, due to the high demand for confectionery and bakery products. North America and Asia-Pacific also occupied significant market share in recent years. Due to the increasing demand from developing nations, such as India and China, Asia-Pacific is growing at a faster rate. Despite occupying a minor market share during the forecast period, Africa is expected to perform well in the future, as the nation is moving towards industrialization and food habit is changing among middle-class consumers.
The report on global food glazing agents market covers segments such as, by type, by function and by the application. On the basis of by type, the global food glazing agents market is categorized into stearic acid, beeswax, candelilla wax, shellac, paraffin, and others. On the basis of by function, the global food glazing agents market is categorized into coating agents, surface finishing agents, firming agents, film formers and others. On the basis of application, the global food glazing agents market is categorized into the bakery, confectionery, processed meat, poultry and fish, fruits & vegetables, functional food, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global food glazing agents market such as Carnauba do Brasil Ltd., B J International, Koster Keunen Inc., Poth Hille & Co. Ltd, Stearinerie Dubois, Masterol Foods, British Wax Refining Company Ltd., Strahl & Pitsch, Inc., Mantrose-Haeuser Co., Inc. and Capol GmbH.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global food glazing agents market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of food glazing agents market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the food glazing agents market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the food glazing agents market to understand the present and future trends in this market and formulate their strategies accordingly.