Food Glazing Agents Market Report 2024-2033: Global Outlook, Growing Demand, Rising Trends And Major Players

The food glazing agents market size has grown strongly in recent years. It will grow from $4.47 billion in 2023 to $4.81 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to food preservation needs, increased bakery and confectionery production, shift in consumer preferences, globalization of food trade, regulatory compliance.

The food glazing agents market size is expected to see strong growth in the next few years. It will grow to $6.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to growth in organic and natural foods, rising demand for plant-based products, innovation in sugar alternatives, expansion of premium chocolate market, sustainability and eco-friendly practices. Major trends in the forecast period include innovation in natural glazing ingredients, technological advancements, transparent and glossy finishes, advancements in sprayable glazing technologies, collaborations for product innovation.

Market Overview -
A food glazing agent is a food additive made with natural or artificial material that creates a waxy, uniform covering to protect surfaces from water loss. It is applied to the outer layer of a food product to provide a shiny appearance and a protective coating.

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Rising Demand For Bakery And Confectionery Products To Drive Market Growth
An increase in bakery and confectionery consumption is expected to propel the growth of the food glazing agents market. A bakery goods are items made from flour, such as bread, cookies, cakes, pastries, and pies. Confectionery products include sweet foods and products. Bakery and confectionery products are becoming more popular as consumers' tastes in gourmet goods and eating habits change. Glazing agents are typically used to seal the surface of the bakery product and provide a glossy appearance when the product is not completely coated with icing and to serve as a barrier between the relatively high-moisture bakery product and the relatively low-moisture icing. For instance, in January 2021, according to the United States Department of Agriculture (USDA), a US-based federal executive department for food, farming and forestry, baked goods retail sales (packaged and unpackaged) in China was $34 billion in 2020, accounting for 9% of global retail sales. It is expected to reach $53 billion by 2025, a 53% increase from current levels. Cakes accounted for 41 per cent of total baked goods retail sales in China, with a $14 billion annual value. Therefore, an increase in bakery and confectionery consumption is driving the growth of the food glazing agents market.

Competitive Landscape -
Major companies operating in the food glazing agents market report are Mantrose-Haeuser Co. Inc., Capol GmbH, Strahl & Pitsch Inc., Masterol Foods Pty. Ltd., The British Wax Refining Company Ltd., Stearinerie Dubois, Poth Hille & Co. Ltd., Koster Keunen Inc., BJ AGRICOM Pvt. Ltd., Avatar Corporation, Archer Daniels Midland Company, Colorcon Inc., Freudenberg Chemical Specialities SE & Co. KG, Macphie Ltd., Puratos Group NV, Döhler Group SE, Agrana Beteiligungs AG, Ningbo J&S Botanics Inc., Kerry Group plc, Royal Zeelandia Group BV, Wuhu Deli Foods Co. Ltd., Carnaúba do Brasil, Zeelandia International BV, Parker Ingredients LLC, Stroever GmbH & Co. KG, DuPont de Nemours Inc., Cargill Inc., Sensient Technologies Corporation, Bowman Ingredients Ltd., Kancor Ingredients Limited

Product Innovations Transforming The Glazing Agents Market
Product innovations are the key trend gaining popularity in the food glazing agents market. Major companies operating in the market are developing innovative products with characteristics such as organic, customized glazing agents and anti-sticking agents to sustain their position in the market. For instance, in November 2021, Capol GmbH, a Germany-based manufacturer of surface treatment products for the confectionery industry, developed a novel anti-sticking agent for gumm*ies. Confectionery coatings based on rapeseed and sunflower oil, benefit from the formulation's long shelf life. The newly patented CAPOL formulation is based on sunflower oil and includes a tailored anti-oxidization system for long-term stability. It also has an impressive gloss appeal and excellent anti-sticking properties.

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Key Segments -
The food glazing agents market covered in this report is segmented -
1) By Ingredient Type: Stearic Acid, Carnauba Wax, Candelilla Wax, Shellac, Paraffin Wax, Other Ingredients
2) By Ingredient Function: Coating Agents, Surface Finishing Agents, Firming Agents, Film Agents, Other Ingredient Functions
3) By Application: Bakery, Confectionery, Processed Meat, Poultry And Fish, Fruits And Vegetables, Functional Foods, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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