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Food Glazing Agents Market worth 3.74 Billion USD by 2021
The report "Food Glazing Agents Market by Ingredient Type (Stearic Acid, Beeswax, Carnauba Wax, Candelilla Wax, Shellac, Paraffin Wax), Ingredient Function, Application (Bakery, Confectionery, Fruits & Vegetables, Functional Foods), & by Region - Global Forecasts to 2021", The market for food glazing agents is projected to reach USD 3.74 Billion by 2021, at a CAGR of 8.8% between 2016 and 2021.
Browse 109 market data tables with 50 figures spread through 161 pages and in-depth TOC on "Food Glazing Agents Market by Ingredient Type (Stearic Acid, Beeswax, Carnauba Wax, Candelilla Wax, Shellac, Paraffin Wax), Ingredient Function, Application (Bakery, Confectionery, Fruits & Vegetables, Functional Foods), & by Region - Global Forecasts to 2021"
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The report defines and segments the food glazing agents market on the basis of various ingredient types, ingredient functions, applications, and regions, with analyses and projections of the market size of each of these segments in terms of value and volume. It also identifies the driving and restraining factors for the food glazing agents market with an analysis of the trends and opportunities in the market.
Functional foods projected to be the fastest-growing application of the food glazing agents market during the forecast period
The functional foods application of food glazing agents is expected to grow at a comparatively higher CAGR than other applications. The functional foods segment is growing due to their health benefits and rising health-consciousness among consumers. The confectionery segment has been estimated to lead the market both in terms of value and volume mainly due to the large applications of glazing agents in confectioneries.
Carnauba wax: Projected to be the fastest-growing ingredient type of food glazing agents
Carnauba wax is projected to grow the highest CAGR from 2016 to 2021. Growing preference of consumers for vegan and organic sources of food additives is driving the demand for carnauba wax and candelilla wax in the food glazing agents market. The stearic acid or fatty acid segment accounted for the largest share in the food glazing agents market in terms of volume in 2015. However, the carnauba wax segment of food glazing agents dominated the food glazing agents market in terms of value in the same year.
Asia-Pacific is projected to be the fastest-growing region in the food glazing agents market
The European region was the largest market for food glazing agents in 2015, in terms of value. The Asia-Pacific region was the largest in terms of volume and is projected to be the fastest-growing market for food glazing agents during the forecast period. The market in this region is driven by the increasing consumer awareness and growing end-use applications such as bakery, confectionery, functional foods, and convenience foods.
China dominated the Asia-Pacific market for food glazing agents owing to the rapidly growing population and the growing disposable income of consumers in this country. India is projected to be the fastest-growing market in the Asia-Pacific region during the forecast period.
This report studies marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Mantrose-Haeuser Co., Inc. (U.S.), Capol GmbH (Germany), Strahl & Pitsch, Inc. (U.S.), and Masterol Foods (Australia). The key players in the market are focusing on new product launches of their facilities and products to strengthen their market presence and their product portfolio.
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