Global Food Glazing Agents Market to Reach $4.48 Billion in 2023 and Projected to Hit $5.89 Billion by 2027
Global Food Glazing Agents Market
Dublin, Oct. 24, 2023 (GLOBE NEWSWIRE) — The “Food Glazing Agents Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
The global food glazing agents market is set to experience substantial growth, with projected revenues of $4.48 billion in 2023, up from $4.16 billion in 2022, showcasing a remarkable compound annual growth rate (CAGR) of 7.6%. This positive trajectory is expected to continue, culminating in a market size of $5.89 billion by 2027, driven by a CAGR of 7.1%.
Key players in the food glazing agents market, including Mantrose-Haeuser Co. Inc., Capol GmbH, and Strahl & Pitsch Inc., are well-positioned to capitalize on this growth.
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A food glazing agent, a vital food additive, forms a protective, waxy coating on the surface of food products, enhancing their appearance and preserving moisture.
Food glazing agents find application across various sectors, including bakery, confectionery, processed meat, poultry and fish, fruits and vegetables, and functional foods.
Market Research Report
This comprehensive report provides detailed statistics on the food glazing agents market, encompassing global market size, regional shares, key competitors with market share, market segments, trends, and opportunities, equipping industry players with essential insights.
Product Innovation Drives Market
Innovative products, such as organic and customized glazing agents and anti-sticking agents, are gaining traction in the food glazing agents market. Leading companies are actively pursuing product innovation strategies to maintain their market positions.
Rising Demand for Ready-to-Eat Foods
The trend of consuming ready-to-eat meals is on the rise. Food glazing agents play a pivotal role in providing a glossy appearance and extending the shelf life of these convenient food products.
Asia-Pacific Leads the Way
In 2022, Asia-Pacific emerged as the dominant region in the food glazing agents market. The market report also covers Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key countries featured in the report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Bakery and Confectionery Consumption on the Rise
The growing consumption of bakery and confectionery products is a key driver of the food glazing agents market. As consumer preferences shift towards gourmet items, the use of glazing agents to provide a glossy finish and moisture protection gains prominence.
Market Value Definition
The market value represents revenues generated by enterprises from the sale of goods and/or services within the specified market and geography, including sales, grants, or donations, denominated in USD.
Revenues for a specified geography refer to consumption values generated by organizations within the specified geography within the market, regardless of production location. It excludes revenues from resales along the supply chain.
|No. of Pages||250|
|Forecast Period||2023 – 2027|
|Estimated Market Value (USD) in 2023||$4.48 billion|
|Forecasted Market Value (USD) by 2027||$5.89 billion|
|Compound Annual Growth Rate||7.1%|
Key Topics Covered:
1. Executive Summary
2. Food Glazing Agents Market Characteristics
3. Food Glazing Agents Market Trends And Strategies
4. Food Glazing Agents Market – Macro Economic Scenario
4.1. COVID-19 Impact On Food Glazing Agents Market
4.2. Ukraine-Russia War Impact On Food Glazing Agents Market
4.3. Impact Of High Inflation On Food Glazing Agents Market
5. Food Glazing Agents Market Size And Growth
5.1. Global Food Glazing Agents Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Food Glazing Agents Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Food Glazing Agents Market Segmentation
6.1. Global Food Glazing Agents Market, Segmentation By Ingredient Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Stearic Acid
- Carnauba Wax
- Candelilla Wax
- Paraffin Wax
- Other Ingredients
6.2. Global Food Glazing Agents Market, Segmentation By Ingredient Function, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Coating Agents
- Surface Finishing Agents
- Firming Agents
- Film Agents
- Other Ingredient Functions
6.3. Global Food Glazing Agents Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Processed Meat, Poultry And Fish
- Fruits And Vegetables
- Functional Foods
- Other Applications
7. Food Glazing Agents Market Regional And Country Analysis
7.1. Global Food Glazing Agents Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Food Glazing Agents Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/m7jljq
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- Global Food Glazing Agents Market
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