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Food Glazing Agents Market - Global Industry Analysis Forecast 2016 - 2026
Food Glazing Agents Market
The food glazing agents market has been segmented in terms of class, type, application, and region. Based on the class, the market has been segmented into natural and synthetic agents. Natural glazing agents are derived from waxes naturally produced from animals and plants, whereas synthetic glazing agents are derived from petroleum. These agents are used to retain the moisture of the food product. The natural glazing agents segment holds a major share of the market, due to major application of these agents in the food & beverages industry. Comparatively, synthetic agents are consumed in less quantity in the industry.
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Based on the type, the glazing agents market can be segmented into beeswax, lanolin, stearic acid or fatty acid, carnauba wax, and petroleum jelly. Beeswax and lanolin segments held a major share of the market, followed by the others segment. The carnauba wax segment is expected to expand rapidly during the forecast period, due to usage of the wax in confectioneries and bakery products. Rise in demand for stearic acid in detergents, personal care, and cosmetics industries is expected to boost the global food glazing agents market.
Based on the application, the market has been segmented into bakery products, confectioneries, dairy products, snacks & nutritional bars, ready-to-eat cereals, fruits & vegetables, meat & poultry products, and others. The others segment comprises dry fruits and mixes and cereal ingredients. Among all these, confectioneries was the leading segment with the maximum usage in cakes, pastries, chocolates, and dragées in order to enhance their appearance and extend their life.
Europe dominates the global food glazing agents market, led by high prices of and high demand for confectioneries and bakery products coupled with the stringent regulatory framework. The region was followed by North America. Asia Pacific also accounted for a significant share of the global market in the recent years. Developing economies and rising population in Asia Pacific including China and India are expected to drive the market in the region at a rapid pace. Increasing disposable income coupled with growth of confectionery and bakery industries is anticipated to positively impact the overall market during the forecast period. Demand for food glazing agents in Middle East & Africa and Latin America is expected to increase at a steady CAGR during the forecast period.
Growth of the global food additives industry coupled with the increase in demand for processed items is expected to drive the global food glazing agents market during the forecast period. Changing lifestyle of consumers, rising population, and the rise in demand for improved products in food, confectionery, and pharmaceuticals industries are factors likely to boost the global glazing agents market in the next few years.
The global food glazing agents market is fragmented and competitive. Key players operating in the market are Mantrose-Haeuser Co. Inc., Kerry Ingredients Limited, Entemann's Inc., Arla Foods, The Riverside Company, Masterol Foods, Wuhu Deli Foods Co. Ltd., and Ningbo J&S Botanics Inc.
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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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