Food Glazing Agents Market: Lifecycle Analysis, By Region 2016-2021
The global food glazing agents market size is projected to reach USD 3.74 Billion by 2021, at a CAGR of 8.8% between 2016 and 2021. 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.
Browse 108 market data tables with 41 figures spread through 138 pages and in-depth TOC on "Food Glazing Agents Market - Global Forecasts to 2021"
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.
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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.
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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