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The adoption of food glazing agents by food manufacturers is anticipated to increase in the forthcoming years, as glazing agents has the ability to reduce the process of re-crystallization, improve the food product’s visual aspect, and can act as anti-sticking agent. Along with mainstream food glazing agents, such as beeswax, carnauba wax, shellac, and others, the demand for their alternatives, such as dibble oils and sugar syrups are also expected to grow considerably during the forecast years, owing to their affordability and easy availability.
Key companies operating in the global food glazing agents market are focusing on developing glazing agents made up with ingredients sourced from natural sources along with strengthening their marketing strategies to maintain their prominence in the global market. Masterol Foods, Agrana Beteiligungs Ag, Strahl & Pitsch Inc. and Capol GmbH are some of the key companies performing in the global food glazing agents market.
Key Market Driver -
– Increasing demand for high-quality confectionery and bakery products is expected to drive the market growth
Key Market Restraint -
Stringent regulations on food additives may restrain the growth of the market
Food glazing agents are additives that are also referred to as polishing agents are substances or ingredients taken into account to protect and polish food items. The application of food glazing agents can give food products a shiny and protective layer coating. The aforementioned products can be prepared by synthetic as well as natural sources, however, with growing health consciousness among consumers, the demand for glazing agents prepared by using natural ingredients is expected to witness a significant rise.
The growing demand for bakery products, processed meat products, and fruits & vegetables across the globe is anticipated to drive the growth of global food glazing agents market during the forecast period. Increasing demand for organic and natural food coating agents owing to the growing demand for functional food is expected to contribute significantly to the growth of global food glazing agents market. Increasing product launches by key market players and the adoption of effective marketing strategies by the players is expected to fuel the food glazing agent market growth. However, strict regulations by food regulatory authorities on the use of food additives (unregulated amount) may hinder the market growth during the forecast period.
Some of the major companies that are present in the global food glazing agents market are Capol GmbH, Masterol Foods, Mantrose-Haeuser Co. Inc., Döhler Group, Agrana Beteiligungs Ag, Strahl & Pitsch Inc., British Wax, Poth Hille, Kerry Group, Ningbo J&S Botanics, Archer Daniels Midland Company, and Avatar Corporation.
The demand for carnauba wax as food glazing agent is anticipated to witness the fastest growth during the forecast years, owing to a significant increase in the demand for glazing agents sourced through natural sources. Rising demand for organic food is escalating the demand for organic food ingredients, which is further projected to drive the growth of carnauba wax during the forecast years. The demand for candelilla wax is anticipated to grow considerably during the forthcoming years, attributed by its organic nature (derived from a small shrub Euphorbia Cerifera). However, the market share of stearic acid is expected to grow due to their easy commercial availability and versatile nature.
By application, the global food glazing market has been categorized into bakery products, confectionery products, processed meat & poultry, fruits & vegetables, functional foods, and others. The confectionery segment is anticipated to hold the major market share during the forecast years, due to higher utilization of glazing agents in confectionery products. Increasing demand for innovative and healthy confectionery products across several developed and developing economies is projected to create growth opportunities for food glazing agents market. The functional food segment is projected to grow at the fastest pace owing to increasing consumer awareness towards the health benefits of functional foods.
The food glazing agents market in the Asia Pacific is projected to witness the fastest growth during the forecast period, owing to the rapid adoption of food glazing agents by end-users, such as bakery manufacturers, processed meat manufacturers, convenience foods manufacturers, functional food manufacturers, and others. The increasing population in developing economies, such as China and India, coupled with rising disposable income of the people living in the aforementioned countries are expected to contribute significantly to the growth of the market.
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Increasing innovation by Asian food ingredient market players due to increasing demand for aesthetically appealing food products by Asian consumers is further expected to foster the market growth of the region. Well-established food & beverage industry in Europe and rising adoption of advanced and organic food glazing agents by food manufacturers based across prominent European countries, such as UK, Germany, France, and Italy are expected to propel the food glazing agents market of the region during the upcoming years.
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