The global food glazing agents market size is expected to reach US$ 3.4 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.5% CAGR between 2020 and 2030. According to the report, change in lifestyle and change in eating preferences have influenced the food glazing agents market to a large extent. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
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It includes in-depth insights into the food glazing agents market. Some of these are:
- The estimated value of the market was at US$ 2.1 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- The Asia Pacific food glazing agents market is largely driven by the processed meat industry in China and India.
- Focus on Organic and Vegan ingredient types will set the competition apart for the market players involved in the supply chain of food glazing agents market.
- Europe emerged as a leader in the food glazing agents industry.
- Confectionery segment has emerged as a dominant application.
- Key players are likely to focus on product innovations to stay relevant in developed markets.
Rising consumer interest towards the texture and appearance of foods and increasing demand for glazing agents in the food industry are likely to boost market demand in the forecast period,” said a lead analyst at FMI.
Increased Consumption of Processed Food Will Boost Growth
Combined with increased consumption of processed food, the growth of the food additives industry primarily drives the global demand for food glazing agents. In addition, rising demand for organic and vegan products is expected to drive demand for food additives, which, in turn, would fuel the growth of the market for food glazing agents. Rising consumer preference towards texture and appearance owing to confectionery and bakery consumption particularly in China, India, and Brazil may drive the food glazing agents market in the mentioned countries.
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Who is Winning?
Some of the major players in the food glazing agents market, globally include Freudenberg Chemical Specialities SE & Co. KG, Mantrose-Haeuser Co., Inc., STEARINERIE DUBOIS, Royal Zeelandia Group BV, Masterol Foods, and Colorcon among others.
The players are expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. Expansion is the most preferred growth strategy followed by new product developments in the global food glazing market. Additionally, acquisitions and partnerships are the two other strategies, followed by the companies to strengthen their market dominance.
Get Valuable Insights into Food Glazing Agents Market
Future Market Insights, in its new report, presents an unbiased analysis of the global food glazing agents market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of basis of ingredient type, the market can be segmented into stearic acid, beeswax, carnauba wax, candelilla wax, shellac, paraffin wax, and others. On the basis of ingredient function, the market is segmented into coating agents, surface-finishing agents, firming agents, film-formers, and others. On the basis of application, it is segmented into bakery, confectionery, processed meat, poultry & fish, fruits & vegetables, functional foods, and others. The market is also segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
About Food Market Division at FMI
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.