Food Glazing Agents market growing at a CAGR of 8.8%, to reach USD 3.66 billion by 2021.

The Global Food Glazing Agents Market was worth USD 2.4 billion in 2016 and estimated to be growing at a CAGR of 8.8%, to reach USD 3.66 billion by 2021. A glazing agent is substance used to provide a waxy coating on surfaces to prevent water loss and provide basic protection from the elements. It may be a natural or synthetic occurring substance with the former being found in plants and insects. The glazing agent is made up of a substance that is industrially classified as wax. As for the synthetic glazing agents, they are produced to mimic their natural counterparts.

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The prominent characteristics that are looked for in a glazing agent are good preservation ability, stability, uniform viscosity and industrial reproduction capabilities. In short, the glazing agent must protect the product from the elements, must maintain its structural and molecular integrity under pressure and temperature changes, must be viscous to be applicable as a uniform layer and must be manufacturable in massive quantities to be used on commercial goods.

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The major drivers of the food glazing market are the increased demand for processed and convenience items. Food items which boast a colourful texture and an appealing appearance are expected to drive the industry over the forecast period. Technological factors also have established as a crucial factor in changing the industry over the period. Growing awareness among consumers about health has led to them shunning many synthetic food additives and turning to organic food products with no contaminants. This change is the only major restraint for the market. Other minor factors are government regulations and difficulty of mass manufacture.

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The Global Food Glazing agents market is broadly classified into Stearic Acid, Beeswax, Carnauba wax, Candelilla wax, Shellac, Paraffin wax and others based on ingredient type. Furthermore, based on ingredient function they are classified into Coating Agents, Surface-Finishing Agents, Firming Agents, Film Formers and others. Based on application, they are classified into Bakery, Confectionary, Processed meat, poultry and fish, Fruits & Vegetables and others. Based on geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The Food Glazing Market is dominated by Europe in 2016 with North America closely behind. The highest growth rate is witnessed in the Asia-Pacific region as is evident from the high CAGR prevalent there.
Some of the major companies dominating the market, by their products and services include Mantrose-Haeuser Co. Inc., Capol GmbH, 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, Strahl and Pitsch, Inc. and Hainan Zhongxin Wanguo Chemical Co., Ltd among others.

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