Food Glazing Agents Market – Overview
The global Food Glazing Agents Market garnered a revenue of USD 4.8 billion in 2018 and is expected to register a CAGR of 5.4% during the forecast period of 2019–2024. The emerging market opportunities for food glazing agents appear to be conducive for the acceptance of convenience food in Europe and North America region. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on global food glazing agents Market Research Report- Forecast to 2022
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Also, with the growth of food additive market and advancement in food technology coupled with the innovation and introduction of new natural and organic products under the food glazing agent’s category has boosted the sales of food glazing agents. These factors have led to the adoption of the food glazing agents in various food applications such as processed foods and convenience foods manufacturing industries, among others. Also, the mounting growth of processed meat and sea food is expected to be one of the vital factors for the rising growth of food glazing agents during the forecast period. Moreover, the increasing application of paraffin wax in the packaging and cosmetics industry is propelling the sales of food glazing agents.
Latest Industry Updates
October 2017 Capol GmbH acquired Colarôme Inc. The acquisition aids the organization to strengthen the product portfolio and to increase the presence in North America region.
July 2016 Capol GmbH launched CAPOL glazes which helps to protect the confectionery products
February 2016 Mantrose Haeuser acquired Holton Food Products Company to make strong distribution channel In North America
Food Glazing Agents Market – Competitive Analysis
Key manufacturers are focusing to enhance its brand name by arranging various promotional activities. The company has participated in various social media promotions, events and interaction with the consumers. The manufacturers have demonstrated their new product offerings in various events & exhibitions to attract the new customers. By this strategy the product of the company will be popular among the consumers which will aid to increase the overall profitability of the company.
Moreover, the key players are emphasizing in the research & development process to introduce new product also to extend the product line. Key players are introducing new food glazing agents to increase the volume sales and to increase the overall revenue of the company.
The key players profiled in food glazing agents are Strahl & Pitsch (US), Capol GmbH (Germany), Mantrose-Haeuser Co., Inc. (US), The British Wax Refining Company Ltd (UK), Masterol Foods (Australia), Stéarinerie Dubois (France), Poth Hille & Co Ltd (UK), Koster Keunen, Inc. (US), BJ International (India), Carnaúba Do Brasil LTDA (Brazil), Fine Zeelandia Pvt Ltd (India), Macphie Limited (UK), Avatar Corporation (US).
Food Glazing Agents Market – Segments
Global food glazing agents market has been divided into source, type, application and Region
Based on Source: stearic acid, beeswax, carnauba wax, candelilla wax, shellac, paraffin wax, and others
Based on Type: coating agents, surface-finishing agents, firming agents, film formers, and others
Based on Application: Bakery, confectionery, processed meat, poultry & fish, fruits & vegetables, functional foods, and others
Based on Region: North America, Europe, Asia Pacific, and Rest of the World
Food Glazing Agents Market – Regional Analysis
The global food glazing agents market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among all the region, Europe region is estimated to retain its dominance throughout the forecast period of 2017-2022. Germany is the major country in Asia Pacific which is accounting for approximately 28% market proportion in the year of 2017 and it is expected to retain its dominance throughout the forecast period of 2017-2022. This is attributed to the high consumption of processed and convenience food products. Apart from that, increasing growth of processed meat in European countries is expected to fuel the sales of food glazing agents during the forecast period of 2017-2022.
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North America is estimated to account for the one fourth of market proportion of global food glazing agents market in the year of 2017. North America is also estimated to witness massive growth during the forecast period of 2017-2022. However, Asia Pacific region is projected to expand at a high pace during the forecast period of 2017-2022.
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