San Francisco, 31 December 2018, Food Glazing Agents Market Analysis By
Ingredient (Stearic Acid, Beeswax, Carnauba Wax, Candelilla Wax, Shellac,
Paraffin Wax), By Function (Coating Agent, Surface Finishing Agent, Firming
Agent, Film Formers), By Application (Bakery, Confectionary, Processed Meat,
Poultry & Fish, Fruits & Vegetables, Functional Foods) And Segment
Forecasts To 2024
The global food glazing agents market is expected to reach USD
5.24 billion by 2024, 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.
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Further key findings from the report suggest:
·
Coating agent was the leading
function and accounted for over 35% of total market revenue in 2015. Surface
finishing agent is expected to witness the highest growth of 8.6% over the
forecast period. The shift in consumer focus towards attractive designs,
texture, quality and overall appearance is expected to drive this segment over
the forecast period.
·
Confectionary was the leading
application segment and accounted for over 30% of total market revenue in 2015.
Glazing agents in confectionary are used for sugar items such as chocolates,
dragees, candies and jellies to enhance their appearance. Functional foods are
expected to witness the highest growth of 8.7% over the forecast period.
·
Europe was the leading regional
market and accounted for 31% of global revenue in 2015. 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.
·
The industry is dominated by
multinationals while a significant number of medium level participants are also
present globally. Some of the companies operating in the market include
Zeelandia, Avatar Corporation, ADM, Kerry Group, Wuhu Deli Foods Co. Ltd,
Stoever Schellack Bremen (SSB) and Ningbo J&S Botanics Inc.
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Grand View Research At: www.grandviewresearch.com/industry/food-safety-and-processing
Grand View Research has segmented the food
glazing agents market on the basis of ingredient, function, application and
region:
Global Food Glazing Agents
Ingredient Outlook (Revenue, USD Million, 2014 - 2024)
·
Stearic Acid
·
Beeswax
·
Carnauba Wax
·
Candelilla Wax
·
Shellac
·
Paraffin Wax
·
Other
Global Food Glazing Agents
Function Outlook (Revenue, USD Million, 2014 - 2024)
·
Coating Agent
·
Surface-Finishing Agent
·
Firming Agent
·
Film Former
·
Other
Global Food Glazing Agents
Application Outlook (Revenue, USD Million, 2014 - 2024)
·
Bakery
·
Confectionery
·
Processed Meat, Poultry &
Fish
·
Fruits & Vegetables
·
Functional Food
·
Other
Global Food Glazing Agents
Regional Outlook (Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
o
France
o
Italy
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East and Africa
o
Saudi Arabia
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
