Food Glazing Agents Market Research Report: By Ingredient Type (Stearic Acid, Beeswax, Carnauba Wax, Candelilla Wax, Shellac, Paraffin Wax, and Others), Function (Coating Agents, Surface-Finishing Agents, Firming Agents, Film Formers, and Others), Application (Bakery, Confectionery, Meat, Poultry & Seafood, Fruits & Vegetables, Dietary Supplements, and Others) and Region (North America, Europe, Asia-Pacific, and RoW) - Forecast till 2027

Food Glazing Agents Market Overview:

The food glazing agents market will reach revenue of USD 8.9 billion by 2027 and is expected to register a CAGR of 5.40% during the forecast period of 2020–2027.

The Global food glazing market size is anticipated to be increasing at a good market scale during the ongoing forecast period that will be ending in 2027. It has been projected that the global market has been witnessing significant growth in the past couple of years. The market trends suggest that there will be substantial growth in the demand for food glazing agents. The demand is expected to be driven by an increase in consumption of ready-to-eat food followed by the rising consumer awareness regarding the healthy lifestyles prevalent in the global market premises. Such factors have resulted in helping the food glazing agents market to grow at an excellent rate by adopting and implementing measures like the consumption of snack food. This is driving the growth of the food glazing agents market across the globe.

COVID 19 Analysis

The onset and global outbreak of the novel coronavirus pandemic have been a major cause of concern for the manufacturers, dealers, and retailers of the food glazing agents market since 2020. The arrival of the pandemic has created immense issues and hence, forced the global governments of the participating regions to impose functional restrictions and both temporary and permanent lockdowns to stop the sudden and fatal spread of the deadly virus on the international market scale. Also, the reduced availability of raw materials, resources, and skilled labor is further, hampering the food glazing agents market from growing, and hence, some issues await to be resolved.

Also, the food glazing agents’ market trends suggest that there is an urgent need for the market to return to proper functioning. Hence, the global governments are not only understanding this but also taking qualitative steps like the reduction of restrictions and helping the market to opt for an elaborated functioning.

Market Dynamics

Drivers

There has been an increase in the number of isolated families that are being coupled with the increasing disposable incomes. This is a prominent market factor that will lead the food glazing agents market towards impeccable market expansion during the forecast period that will be ending in 2027. This has given rise to the birth of unwrapped observing opportunities that is likely to drive the growth of the global food glazing agents market during the forecast period of 2020-2027.

Restraints

The food glazing agents industry is home to several ingredients that make use of various kinds of materials for packaging and plastic is one of them. With the global rising environmental concerns like climate change, there has been a major issue in using plastic in the food glazing agents’ market share dealings. This is likely to hamper the food glazing agents market from growing in the international market during the period. There is an emerging need for the market for the development of alternatives in the form of packaging materials.

Technology Analysis

The food glazing agents market value has been witnessing trends that support its size in the global market functioning. The food glazing agents market growth during the ongoing market trends for the forecast period can be attributed to the rising employment of technology. There has been a growing penetration of franchise food organizations followed by rising factors like the increasing out-of-home food consumption in urban areas along with the growing retail industry. These are the reliable factors that are increasing the adoption of processed and convenience food alternatives amongst the global target audience. All these factors are likely to drive the food glazing agents market towards exemplary growth during the period that ends in 2027.

Segment Overview

The global food glazing agents market value will increase in the market during the forecast period that will be ending in 2027 as it has been segmented based on the understated factors:

Based on Ingredient Type, the market has been segmented as follows:

• Stearic acid


• Beeswax


• Carnauba wax


• Candelilla wax


• Shellac


• Paraffin wax


• Others (montan and lanolin wax)

Based on Ingredient Function, the market has been segmented as follows:

• Coating agents


• Surface finishing agents


• Firming agents


• Film agents


• Others (binding agents and stabilizing agents)

Based on Application, the market has been segmented as follows:

• Bakery


• Confectionery


• Processed meat, poultry & fish


• Fruits & vegetables


• Functional foods


• Others (dairy products & convenience foods)

Based on Region, the market has been segmented as follows:

• North America


• Europe


• Asia Pacific


• RoW (South Africa and Brazil)

Regional Analysis

Based on the geographical bifurcation of the food glazing agents market, there are 5 major participating regions across the global market premises. In the historic forecast period that had ended in 2019, the North American market garnered the largest revenue share owing to the high demand for food glazing agents in various food products to improve its appearance. US and Canada are the major country-level markets that are being witnessed to be contributing to the growth of the North American food glazing agents industry especially during the forecast period that will be ending in 2027. However, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period that ends in 2027 due to the increasing expansion of market players in the region and the growth of application industries in the participating regions belonging to the Asia-Pacific.

Competitive Landscape

The Key Players in the Global food glazing agents industry that are helping in the enhancement of the market size followed by the increase in the ability of the market to rise as per the set predictions for the period that will be ending in 2027 are mentioned as follows:

• Trahl & Pitsch (US)


• Avatar Corporation (US)


• Capol GmbH (Germany)


• Macphie Limited (UK)


• Mantrose-Haeuser Co., Inc. (US)


• Fine Zeelandia Pvt Ltd (India)


• The British Wax Refining Company Ltd (UK)


• Carnaúba Do Brasil LTDA (Brazil)


• Masterol Foods (Australia)


• BJ International (India)


• Stéarinerie Dubois (France)


• Koster Keunen, Inc. (US)


• Poth Hille & Co Ltd (UK)

Recent Developments

• The global growth of the food additives industry during the ongoing forecast period is being combined with the increased consumption of processed food is primarily driving the global food glazing agents market. Moreover, the trends regarding the increasing demand for organic and vegan foods are expected to drive the demand for food additives, which in turn, boosting the growth of the food glazing agents market during the period that will be ending in 2027.


• The food glazing market trends support the 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 that are prominently a part of the APAC region.


• Europe is another important region in the food glazing agents industry. The region leads the global industry, regarding revenue, due to the high prices and high demand for confectionery and bakery products. The North American market and the Asian Pacific region have also occupied significant market share in recent years, as a part of the forecast period. Due to the presence of developing nations, such as India and China, the Asian Pacific region is growing at a faster rate. The South American market represents a growing market, as nations, such as Argentina and Brazil, are gaining prominence as raw material exporters. Despite occupying a minor market share during the forecast period that will be ending in 2027, Africa is expected to perform well in the future, as the nation is moving towards industrialization.

Intended Audience

• Market producers and dealers


• food glazing agents companies and retailers


• Food glazing agents manufacturers


• Research institutions


• Raw material suppliers


• Government bodies


• Distributors


• End users (food industry)


• Market traders


• Product wholesalers and manufacturers


• Regulatory bodies


• Market research companies and consulting firms


• Associations and industrial bodies

Report Overview

The report discusses the scope of the global food glazing agents market growth during the forecast period of 2020-2027. The global market report conducts deep market analysis and shows the market relevance and the factors that wish to push the market towards international growth and global customer expansion in the period that ends in 2027. The global industry report highlights the use of prominent market resources by the food glazing market segments to meet the rising needs of the market audience and hence, help the market cover the losses that have been incurred during the forecast period that ends in 2027.