Food Glazing Agents Market Key Trends, Latest Insights, Future Trends And Forecast To 2033

The new report published by The Business Research Company, titled "Food Glazing Agents Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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 gummie*s. 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.

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

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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

Contents of the report:
1. Executive Summary
2. Food Glazing Agents Market Report Structure
3. Food Glazing Agents Market Trends And Strategies
4. Food Glazing Agents Market - Macro Economic Scenario
5. Food Glazing Agents Market Size And Growth
…..
27. Food Glazing Agents Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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