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.
Browse full research report on Food Glazing Agents Market: http://www.grandviewresearch.com/industry-analysis/food-glazing-agents-market
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.
Browse more reports of this category by Grand View
Research: http://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
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East and Africa
- Saudi
Arabia
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-food-glazing-agents-market
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.
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