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.
U.S. food
glazing agents market revenue by ingredient, 2014-2024, (USD Million)
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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