Global Food Glazing Agents Market to Reach US$ 3.4 Bn by 2030
The global food glazing agents market is projected to reach US$ 3.4 Bn by the end of 2030. The market was valued at US$ 2.1 Bn in 2020. If these figures hold true, the market will exhibit a CAGR of 4.5% between 2020 and 2030. This market is fueled by the growing interest among consumers towards the appearance and texture of foods and the growth of end-use applications of glazing agents in the food industry. Globally, the growth of bakery and confectionery industry has led to a large-scale adoption of food glazing agents for various applications.
Base year considered
Actual estimates/Historical data
2015 - 2019
2020 - 2030
Value (USD) Mn
Ingredient Type, Application, and Region
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
Strahl & Pitsch , Capol GmbH, Mantrose-Haeuser Co., Inc., The British Wax Refining Company Ltd, Masterol Foods, Stéarinerie Dubois, Poth Hille & Co Ltd, Koster Keunen, Inc., BJ International, Carnaúba Do Brasil LTDA, Fine Zeelandia Pvt Ltd, Macphie Limited, Avatar Corporation
Revenue forecast, company share, competitive landscape, growth factors, and trends
Key Research Findings
- North American food glazing agents market garnered the largest revenue share.
- The market in Asia-Pacific is expected to register the highest CAGR during the forecast period.
- The growing demand for plant based food & beverages industry is expected to boost the demand for food glazing agents.
- The growth of the food additives industry combined with the increased consumption of processed food is primarily driving the global food glazing agents market.
- The confectionery application segment led the overall market in the recent past.
Some of the leading players operating in the food glazing agents are Strahl & Pitsch, Capol GmbH, Mantrose-Haeuser Co., Inc, The British Wax Refining Company Ltd, Masterol Foods, Stéarinerie Dubois, Poth Hille & Co Ltd , Koster Keunen, Inc., BJ International , Carnaúba Do Brasil LTDA, Fine Zeelandia Pvt Ltd, Macphie Limited, Avatar Corporation.
Health Consciousness Among Consumers will Stoke Growth Opportunities
Increasing safety issues and customer awareness of having the ingredient source on product labels and eating healthier foods would boost demand for organic goods in the food glazing industry. Consumers are more mindful of their wellbeing and tend to eat safe and balanced foods by ensuring the traceability and consistency of the ingredients used in the goods they buy. Consistent customer preference for organic goods leads to increased preference for organic glazing agents, which will be one of the significant trends in the food glazing agents industry to gain momentum.
Economic Expansion to Offer Major Growth Opportunities in Developing Nations
Europe is an important region in the food glazing industry, largely contributing the growth from cakes and bakery products. In recent years, North America and Asia-Pacific have also taken in large market share owning to a shift in consumers preference for decorative yet healthy food habits. India and China are the key contributors for growth of food glazing agents in Asia pacific region. Argentina and Brazil are gaining momentum being key exporters of raw materials for food glazing market in both Latin America and North America. For African market, despite having a small market share during the forecast period, it is expected that central Africa will perform well in the future as the nation moves towards industrialisation.
In developed economies, including U.S., U.K., Germany, on account of higher purchasing power, the confectionery food items have always witnessed a high demand. A crucial trend in developing economies is to find value in the items they spend in. in countries such as India, Malaysia, Indonesia and Thailand, consumers prefer those brands which are ethical, serve environment and provide health benefits. The preference for food ingredients has now been shifted in such countries. “Pant Based”, “Vegan” and “Natural” are now not just trends, but a part of mainstream business.
* This data is only a representation. Actual data may vary and will be available in report.
Changing Food Preferences of Consumers will Stoke Growth Opportunities
The global food glazing agents market is expected to witness significant growth over the forecast period. This is due to increased consumption of plant based and natural confectionery and bakery goods, and increased consumer awareness of the benefits of organic food consumption. Another major factor expected to drive growth of global food glazing agents market over the forecast period are its palatability properties, enhanced texture and flavour.
Ready-to-eat food consumption, improved shelf life and enhanced aesthetic appeal of food products are the opportunities to focus for players operating in the food glazing agents market. Choice of food glazing agents is also influenced by the factors such as sustainability and convenience of packaging solutions, raw materials costs, aesthetic appeal of packaging and labelling claims. Food glazing agents are used as coating on fruits & vegetables for maintaining its beauty and freshness, and thus aid in exporting fruits & vegetables to the various countries.
Carnauba wax segment held the leading market share
Beeswax and lanolin segment forecast to higher rate of growth
Confectionery segment holds dominance
Bakery segment to rise at a higher CAGR
How Growth will Unfold
The demand for food glazing agents is significantly affected by two specific factors-an increase in bakery and confectionery consumption, and an increase in customer awareness of various foods. In the case of European and American countries both these influences are especially prevalent. In addition, the growth of urbanized and high-income consumers in these regions is cited as major reasons for the factors involved. For bakery and confectionery goods, customers are more concerned about the attractiveness. These glazing agents are also used as a protective coating for food. It is expected the rising food & beverage industry will fuel demand for food glazing agents. Increasing consumer inclination toward the appearance of food products is boosting market demand for food glazing agents.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Food Glazing Agents Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Food Glazing Agents Market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Food Glazing Agents Market, the growth prospects of the market are obtained with maximum precision.
Food Glazing Agents Market Taxonomy
The global Food Glazing Agents Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Stearic acid
- Carnauba wax
- Candelilla wax
- Paraffin wax
- Others (montan and lanolin wax)
- Processed meat
- Poultry & Fish
- Fruits & vegetables
- Functional foods
- Others (dairy products & convenience foods)
- Coating agents
- Surface finishing agents
- Firming agents
- Film agents
- Others (binding agents and stabilizing agents)
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Food Glazing Agents Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Food Glazing Agents Market.
Readers can find the detailed segmentation and definition of the Food Glazing Agents Market in this chapter, which will help them understand basic information about the Food Glazing Agents Market. This section also highlights the inclusions and exclusions, which help the reader, understand the scope of the Food Glazing Agents Market report.
The associated industry assessment of the Food Glazing Agents Market is carried out in this section. The macroeconomic factors affecting growth of the Food Glazing Agents Market are provided in this section and the impact of these macroeconomic indicators on the Food Glazing Agents Market is analyzed. The processing overview and technological advancements in the Food Glazing Agents Market is also provided.
Profit margins at each level of the Food Glazing Agents Market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Food Glazing Agents Market.
The drivers and restraints impacting the growth of the Food Glazing Agents Market are explained in this chapter. Opportunities and ongoing trends in the Food Glazing Agents Market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Food Glazing Agents Market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).
Based on Ingredient Type, the Food Glazing Agents Market is segmented into stearic acid, beeswax carnauba wax, candelilla wax, shellac, paraffin wax and others (montan and lanolin wax). In this chapter, readers can find information about key trends and developments in the Food Glazing Agents Market and market attractiveness analysis based on raw material.
Based on Application, the Food Glazing Agents Market is classified into bakery, confectionery, processed meat, poultry & fish, fruits & vegetables, functional foods and others (dairy products & convenience foods). This part also offers market attractiveness analysis based on Application.
This chapter explains how the Food Glazing Agents Market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Food Glazing Agents Market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on Ingredient Functions and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Food Glazing Agents Market in Latin America. This chapter also includes growth prospects of the Food Glazing Agents Market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Food Glazing Agents Market based on its Ingredient Functions in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Food Glazing Agents Market.
This chapter includes a detailed analysis of the growth of the Food Glazing Agents Market in the East Asia region, along with a country-wise assessment that includes Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on Ingredient Functions and countries in the APEJ region.
This chapter offers insights into how the Food Glazing Agents Market is expected to grow in major countries in the Oceania region that is Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Dairy herd management in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
Based on Ingredient Function, the Food Glazing Agents Market is classified into coating agents, surface finishing agents, firming agents, film agents and others (binding agents and stabilizing agents). This part also offers market attractiveness analysis based on Application.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Food Glazing Agents Market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Food Glazing Agents Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Masterol, Capol GmbH, Koster Keunen, Poth Hile, British Wax, Strahl & Pitsch., DuPont, Avatar Corporation, Wuhu Deli, Ningbo J&S Botanics, Zeelandia, ADM, Kerry Group, and Stoever Schellack Bremen.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Dairy herd management report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Food Glazing Agents Market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- Ingredient Functions
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits