The global Food Glazing Agent market was valued at USD 3.26 Billion in 2020 and is projected to reach USD 5.78 Billion by 2028, growing at a CAGR of 7.41% from 2021 to 2028.
Food glazing agents are form of food additives that are used to coat or apply the food from outside in order to give it a shiny appearance as well as a protective layer which might help to extend shelf life of food. These are usually applied on bakery products, fresh fruit and vegetables, chewing gum, chocolates, and other confectionary products.
The two types of glazing agents are natural and synthetic. The natural glazing agents include waxes such as shellac, beeswax, and carnauba wax whereas synthetic agents include L-cysteine, Montan wax, Lanolin, Oxidised polyethylene wax and Esters of colophony, among others. The primary factor that is anticipated to augment the growth of the market is increasing technological innovations in the food industry.
The increasing demand for glazing agents in bakery and confectionery and consumer awareness towards appearance and texture of food products is anticipated to augment the growth of the food glazing agent market over the forecast period. This is attributable to the rising population and increase in middle-class income especially in emerging economies like India and China.
Regional Analysis: Food Glazing Agent
Geographically, the global Food Glazing Agent market is segmented into North America (U.S., Canada, Mexico), Latin America (Brazil, Argentina, Rest of Latin America), Asia Pacific (Japan, China, India, South Korea, Southeast Asia, Rest of Asia-Pacific), Europe (Germany, Italy, U.K., France, Spain, Rest of Europe), and the Middle East & Africa (GCC Countries, South Africa, Rest of the Middle East and Africa).
Global Food Glazing Agent Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Major players in the global Food Glazing Agent market are British Wax Refining Company Ltd, Capol GmbH, Colorcon, Koster Keunen, Mantrose-Haeuser Co., Inc., Masterol Foods, Poth Hille & Co., Ltd., Puratos, Stearinerie Dubois, Strahl & Pitsch, Inc. The global Food Glazing Agent market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network, and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.