Food Glazing Agent Market Projected to Garner Significant Revenues by 2026
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Food Glazing Agent Market Segmentation:
Food glazing agent market can be segmented on the basis of classification, types, applications, and regions that constitute the key markets. Food glazing agents can be segmented as natural glazing agents and synthetic glazing agents. Natural glazing agents are harnessed from plants and animals, and cover the major market segment, due to its applicability in food and beverages market. Synthetic agents are used in food and beverages industry in very small quantity and cover a very miniscule share.
Food glazing agents can further be segmented by types as beeswax, lanolin, stearic acid or fatty acid, carnauba wax, shellac petrolatum or petroleum jelly. Beeswax and lanolin are the most commonly used glazing agents, followed by other glazing agents.
Food glazing market can be further segmented on the basis of application as bakery products, confectioneries, dairy products, snacks & nutritional bars, ready-to-eat (R.T.E.) cereals, fruits & vegetables, meat & poultry products, and others (including dry fruits and mixes, and cereal ingredients). Among all these sub-segment bakery is expected to be dominant in terms of usage of glazing agents followed by confectioneries.
Geographically the food glazing agent market can be segmented by regions. Europe is the most dominant market in terms of demand followed closely by North America, but both the regions will show a steady growth owning to growing health concern and increasing consumer awareness about the food contents. Increasing demand for processed food, clubbed with increasing disposable income in the developing countries can result in higher demand of food glazing agent in Asia pacific countries like China and India.
Food Glazing Agent Market Drivers:
The size of the food glazing agent market is increasing with respect to the growth of food additive market. The market is projected to grow at a steady pace in the forecast period, leaded by higher growth in emerging economies such as China, India, Japan, Australia, and the Latin American countries, and also offers lucrative opportunities for expansion to major players . Market growth is subject to rise in consumption of processed and convenience food products in growing economies of Asia-Pacific and Latin America.
Food glazing agent market has witnessed continuous variation in the market with respect to continuous variations and launch of substitute products by major players, including synthetic food glazing agents. Patents of glazing agents are also filed by prominent players like Uniliver. Due to its application in confectionery, especially chocolates and candies, the demand of food glazing agent will be growing, despite of increasing health consciousness and calorie counting owning to innovative offerings and increase in purchasing power. Food glazing agents, like Beeswax are considered edible even in Europe is also relevant factor for the growth of food glazing agent market.
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Food Glazing Agent Market Key Players:
Food glazing agent market is a segment of food additive markets and major supplier are of food additives which manufactures food glazing agents on large scales. Few of the major players in food glazing agent markets are Mantrose-Haeuser Co., Inc., Kerry Ingredients Limited, Entemann's Inc., Arla Foods, The Riverside Company, Masterol Foods, Wuhu Deli Foods Co., Ltd., Ningbo J&S Botanics Inc., AVATAR CORPORATION and Hainan Zhongxin Wanguo Chemical Co., Ltd among others.
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