The global food glazing agents market size is expected to reach US$ 3.4 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.5% CAGR between 2020 and 2030. According to the report, change in lifestyle and change in eating preferences have influenced the food glazing agents market to a large extent. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
However, the major regional markets being severely affected by COVID-19 is leading to widespread disruption of the supply chain, thereby hindering timely deliveries and production. Furthermore, the pandemic has changed consumer preferences and purchasing behavior with the essential goods being the priority among consumers.
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“The halted operations, reduced demand and price fluctuations as a consequence of COVID-19, will collectively amount to a decline in revenue in the immediate future,” says the report.
COVID -19: Impact Analysis@ https://www.futuremarketinsights.com/covid19/rep-gb-1611
Increasing safety issues and customer awareness of having the ingredient source on product labels and eating healthier foods would boost demand for organic goods in the food glazing industry. Consumers are more mindful of their wellbeing and tend to eat safe and balanced foods by ensuring the traceability and consistency of the ingredients used in the goods they buy. Consistent customer preference for organic goods leads to increased preference for organic glazing agents, which will be one of the significant trends in the food glazing agents industry to gain momentum.
Increased Consumption of Processed Food Will Boost Growth
Combined with increased consumption of processed food, the growth of the food additives industry primarily drives the global demand for food glazing agents. In addition, rising demand for organic and vegan products is expected to drive demand for food additives, which, in turn, would fuel the growth of the market for food glazing agents. Rising consumer preference towards texture and appearance owing to confectionery and bakery consumption particularly in China, India, and Brazil may drive the food glazing agents market in the mentioned countries.
Who is Winning?
Some of the major players in the food glazing agents market, globally include Freudenberg Chemical Specialities SE & Co. KG, Mantrose-Haeuser Co., Inc., STEARINERIE DUBOIS, Royal Zeelandia Group BV, Masterol Foods, and Colorcon among others.
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FOOD GLAZING AGENTS MARKET TAXONOMY
The global Food Glazing Agents Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Ingredient Type
- Stearic acid
- Beeswax
- Carnauba wax
- Candelilla wax
- Shellac
- Paraffin wax
- Others (montan and lanolin wax)
Application
- Bakery
- Confectionery
- Processed meat
- Poultry & Fish
- Fruits & vegetables
- Functional foods
- Others (dairy products & convenience foods)
Ingredient Function
- Coating agents
- Surface finishing agents
- Firming agents
- Film agents
- Others (binding agents and stabilizing agents)