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Global Food Glazing Agents Market Size By Type (Stearic Acid, Beeswax, Carnauba Wax), By Function (Coating Agents, Surface Finishing Agents, Firming Agents), By Application (Bakery, Confectionery, Functional Foods), By Geographic Scope And Forecast


Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Food Glazing Agents Market Size By Type (Stearic Acid, Beeswax, Carnauba Wax), By Function (Coating Agents, Surface Finishing Agents, Firming Agents), By Application (Bakery, Confectionery, Functional Foods), By Geographic Scope And Forecast

Food Glazing Agents Market Size And Forecast

Food Glazing Agents Market size was valued at USD 4.7 Billion in 2024 and is projected to reach USD 10.25 Billion by 2031, growing at a CAGR of 8.6% from 2024 to 2031.

The growing consumer interest in the attractiveness of bakery & confectionery products coupled with the increase in the consumption of bakery products and increasing consumer interest towards the texture and appearance of foods are expected to fuel the Food Glazing Agents Market over the predicted years. The market is comprehensively evaluated in the study on the global market for food glazing agents. The research provides a thorough analysis of the market’s key segments, trends, drivers, restraints, competitive environment, and other important elements.

Global Food Glazing Agents Market Definition

A food glazing agent is a substance that is used on the surface as a waxy coating that prevents water loss. The glazing agent food provides a protective coating on the surface and imparts a sheen on the surface of foods such as sweet or citrus fruit or even baked goods. They are generally used for providing a film on the surface of various types of candies. They are prepared from both natural and artificial sources and among these two organic glazing agents have more demand. Food Glazing Agents are used in applications including Bakery, Confectionery, Functional foods, and others.

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Global Food Glazing Agents Market Overview

The growing consumer interest in the attractiveness of bakery and confectionery products coupled with the increase in the consumption of bakery products is expected to fuel the Food Glazing Agents Market over the predicted years. Also, the usage of Food Glazing Agents for packed fruits & vegetables and the rapid rise in the consumption of processed food is driving the growth of the market. Additionally, increasing consumer interest in the texture and appearance of foods is predicted to drive the market during the forecasted period.

There are certain restraints and challenges faced which can hinder market growth. Regulations towards the use of various glazing agents on the food, lack of availability of raw materials, and the lack of awareness among consumers about the harmful effect are some of the factors that are likely to hamper the growth of the market.

Global Food Glazing Agents MarketSegmentation Analysis

The Global Food Glazing Agents Market is Segmented on the basis of Type, Function, Application, And Geography.

Food Glazing Agents Market, By Type

  • Stearic Acid
  • Beeswax
  • Carnauba Wax
  • Others

Based on Type, the market is bifurcated into Stearic Acid, Beeswax, Carnauba Wax, and Others. The Carnauba wax segment is expected to hold the largest market share. These factors can be attributed to the rising consumer demand for vegan and organic sources of food additives used in their food products.

Food Glazing Agents Market, By Function

  • Coating Agents
  • Surface Finishing Agents
  • Firming Agents
  • Film Agents
  • Others

Based on Function, the market is bifurcated into Coating Agents, Surface Finishing Agents, Firming Agents, Film Agents, and Others. Coating agents are predicted to hold the largest market share in the forecasted period due to the rising demand for bakery and confectionery products. Coating agents enhance their taste and appearance. Firming agents are likely to grow with the highest CAGR as they are used for extending the product lifecycle.

Food Glazing Agents Market, By Application

  • Bakery
  • Confectionery
  • Functional Foods
  • Others

Based on Application, the market is bifurcated into Bakery, Confectionery, Functional Foods, and Others. Functional foods are anticipated to grow with the highest CAGR. These factors can be credited to its health benefits in the overall development of the human body.

Food Glazing Agents Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Regional Analysis, The Global Food Glazing Agents Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share of the market will be dominated by the Asia Pacific owing to an upsurge in the demand for Food Glazing Agents due to the growing demand from different end-use applications.

Key Players

With a focus on the global market and some of the key players like Mantrose-Haeuser, Capol, Strahl & Pitsch, Masterol Foods, British Wax, Stearinerie Dubois, Poth Hille, Koster Keunen, BJ International, and Carnaba Do Brasil LTDA, the “Global Food Glazing Agents Market” study report will offer insightful information.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations, And Agreements

  • In April 2019, Orkla signed an agreement with Zeelandia Sweden AB, a provider of margarine, vegetable oils, and bakery additives to the Swedish market.
  • In March 2018, Hong Kong-listed China Haisheng Juice Assets has come to an agreement to collaborate with Zhaoyang Agriculture to revitalize fruit farms in China’s Yunnan Province.s

Mergers And Acquisitions

  • In September 2019, Montrose-Haeuser, the Us edible coating expert, announced its acquisition of Profile Food Products, a US-based food firm based in Illinois. The acquisition aims to extend Montrose-food Haeuser’s coating portfolio by employing Profile Foods’ cutting-edge production facility and other innovations for different formulations.
  • In October 2017, Capol Gmbh, a subsidiary of Freudenberg Chemical Specialities, SE & Co. KG, acquired Colarome.

Product Launches And Product Expansions

  • In January 2020, Agrana Group, an Austrian food manufacturer, declared that it has invested €3.4 million in two of its R&D locations in Austria and France to work on growing new food products deduced from fruits, sugar, and carbohydrate. To that final moment, the company aims to invest € 20 million per year.
  • In November 2016, Thew Arnott, a UK-based specialized ingredient manufacturing company, proposed an innovative zein-based glaze for use in confectioneries. The firm launched this product as an option to shellac, particularly for the vegan population. The coating agent asserts to be made of zein, a protein that is found in maize.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Billion)

Key Companies Profiled

Mantrose-Haeuser, Capol, Strahl & Pitsch, Masterol Foods, British Wax, Stearinerie Dubois, Poth Hille, Koster Keunen, BJ International, and Carnaba Do Brasil LTDA

Segments Covered

By Type, By Function, By Application And By Geography

Customization Scope

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

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Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )