Food Glazing Agents Market Outlook, Competitive Strategies And Forecast
The global food glazing agents market size is expected to reach USD 7.67 billion by 2030, registering a CAGR of 8.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing consumption of the processed and convenience items is expected to drive the industry in the near future. Food items with perfect colorful texture and attractive appearance are also expected to fuel industry growth over the forecast period.
Manufacturers have been providing customized glazing agents in accordance with the client requirements in stipulated time frames. This has been possible in the business on account of the technological advancement coupled with the development of enhanced ingredients.
Technological developments in the processing of these agents have therefore established as an important factor in changing the business process. Carnauba wax was the leading product segment and accounted for 23.2% of total market revenue in 2015. It is used for preparing glazing agents in confectionary and bakery application areas. It is also expected to witness the highest growth of 8.9% from 2016 to 2024.
Gather more insights about the market drivers, restrains and growth of the Food Glazing Agents Market
Food Glazing Agents Market Report Highlights
• Candelilla wax is also projected as the fastest-growing segment over the forecast period owing to its unique nature that drives consumers who are increasingly seeking clean-label products with transparent ingredient lists
• Confectionary was the leading application segment and accounted for over 12.1% of total market revenue in 2023. Glazing agents in confectionary are used for sugar items such as chocolates, dragees, candies and jellies to enhance their appearance.
• Europe was the leading regional market and accounted for 34.4% of global revenue in 2023. Asia Pacific is expected to develop at a faster pace in near future. This is on account of changing consumption behavior in emerging economies including China and India. The shift towards healthier & organic diets coupled with increasing disposable incomes is anticipated to impact the regional market.
Food Glazing Agents Market Segmentation
Grand View Research has segmented the global food glazing agents market based on Ingredients, function, application, and region:
Food Glazing Agents Ingredient Outlook (Revenue, USD Million, 2018 - 2030)
• Stearic Acid
• Beeswax
• Carnauba Wax
• Candelilla Wax
• Shellac
• Paraffin Wax
• Others
Food Glazing Agents Application Outlook (Revenue, USD Million, 2018 - 2030)
• Bakery
• Confectionery
• Processed Meat, Poultry, & Fish
• Functional Foods
• Others
Food Glazing Agents Function Outlook (Revenue, USD Million, 2018 - 2030)
• Coating Agent
• Surface-Finishing Agent
• Firming Agents
• Film Formers
• Others
Food Glazing Agents Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
• Asia Pacific
o China
o Japan
o India
o Australia
• Latin America
o Brazil
o Argentina
• Middle East and Africa (MEA)
o Saudi Arabia
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