Food Glazing Agents Market to experience hike in growth by 2024, globally

Food Glazing Agents Market to experience hike in growth by 2024, globally

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Zion Market Research, the market research group announced the analysis report ‘Food Glazing Agents Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts, 2016–2024

Global Food Glazing Agents Market: Overview

The glazing agent comes in two forms, that is, natural and synthetic. This substance provides a waxy and homogeneous coating to the food products in order to prevent water loss from the surface and provide other additional protection. Food additives added to food products to enhance flavor, taste, and colors are classified based on functions they perform as glazing agents, stabilizers, packaging gasses, thickeners, propellants, anti-caking agents, and gelling agents. Glazing agents coming under food applications are used to enhance binding capability and coating ability, along with providing a film forming with a polished appetizing visual appeal. In confectionary industry, glazing agents are primarily used to coat hard-boiled candies and other various types of candies.

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Global Food Glazing Agents Market: Growth Factors

Continuous variation in the food glazing agents is driving the global food glazing agents market growth. Major vendors in the global market are involved in continuous innovation in food glazing agents and substitute products launches may also enhance the global market. These agents are used in the bakery many products such as donuts, which also positively impacts the global food glazing agents market. Moreover, the introduction of new organic and natural glazing agents in the production of the food products further contributes to the growth in future. However, adoption of new business strategies such as product innovations, mergers, and acquisitions, collaborations, partnerships, new technology launches also fuel the global food glazing agents market.

Global Food Glazing Agents Market: Segmentation

The global food glazing agents market is categorized based on the applications as fruits & vegetables, bakery products, snacks & nutritional bars, meat & poultry products, confectioneries, ready-to-eat cereals, dairy products, and others. Of these, the bakery is the leading application segment in the global market owing to increasing use of food glazing agents in confectioneries. Based on types, the global market is segmented as carnauba wax, beeswax, shellac petrolatum or petroleum jelly, lanolin, and stearic acid or fatty acid. Of these, beeswax and lanolin are the most preferred. Furthermore, the geographical segmentation comprises North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Global Food Glazing Agents Market: Regional Analysis

Asia Pacific is the dominating region in the global food glazing agents market and is anticipated to grow at steady pace in the next few years. The market for food glazing agents is led by some emerging economies such as Australia, China, and Japan. Increasing demand and higher consumption for food glazing agents are expected to drive the global market in these regions. However, consumption in India and Latin American countries subjected to higher for processed and convenience food products; this is expected to enhance the global market growth in future. However, increasing use of the food glazing agents in the confectionery, especially chocolates, and candies in Europe, is projected to propel the global food glazing agents market growth. Increasing purchasing power and innovative offerings led the global market to grow significantly in this region. In Europe, beeswax is considered edible, which is also fostering the global food glazing agents market growth in this region.

Global Food Glazing Agents Market: Competitive Players

Major players dominating the global food glazing agents market are Wuhu Deli Foods Co., Ltd., Entemann’s Inc., Ningbo J&S Botanics Inc., and Mantrose-Haeuser Co., Inc. Other key players include Masterol Foods, Kerry Ingredients Limited, The Riverside Company, Hainan Zhongxin Wanguo Chemical Co., Ltd, Arla Foods, and Avatar Corporation.

Global Food Glazing Agents Market: Regional Segment Analysis: North America(US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India)Latin America(Brazil, Middle East, Africa)

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