NEWARK, Del, Jan. 12, 2024 (GLOBE NEWSWIRE) -- The food glazing agents market size is poised to cross US$ 4,353.1 million in 2024 and is likely to attain a valuation of US$ 7,533.2 million by 2034. The food glazing agent market share is projected to develop at a CAGR of 6% from 2024 to 2034.
The food glazing agents industry is experiencing a boom in demand for clean-label ingredients in response to increased customer demand for transparency and health-conscious options. Glazing agents originating from natural sources are increasingly used by manufacturers, who promote goods with reduced and accessible ingredient lists. This strategy is consistent with an industry trend in which clean and unambiguous labeling has become a differentiating element, appealing to a customer base that values authenticity and considers natural components healthier and more attractive.
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Incorporating functional ingredients is an apparent trend in the food glazing agents industry, correlating with the more significant consumer shift toward health and well-being. Manufacturers are including health-promoting features by utilizing the multifunctional capabilities of glazing agents. This method improves product attractiveness and portrays glazing agents as contributors to overall health, leveraging on today's consumer preference for functional foods that provide actual health advantages.
Food technology advancements are transforming every aspect of the food glazing agents market, focusing on producing solutions with better functions. Companies are investing in R&D to create glazing agents with increased heat resistance, stability, and compatibility with various food matrices. This technology-driven strategy improves glazing agents' performance. It places businesses at the forefront of innovation, allowing them to remain ahead of market competition and satisfy the increasing expectations of both customers and industry standards.
"Thriving in the dynamic food glazing agent market necessitates a nuanced understanding of regional intricacies and an agile approach to industry shifts. The landscape requires more than simply functional solutions; it calls for creativity, sustainability, and the capacity to adapt to different customer preferences and regulatory landscapes quickly." says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)
Key Takeaways from the Food Glazing Agent Market Report:
- In 2023, the global market size stood at US$ 4,134 million.
- The beeswax ingredient type segment occupied 21% of the market shares in 2024.
- The confectionery application segment captured 26% of the market share in 2024.
- The market size in the United States is projected to rise at a 5.7% CAGR through 2034.
- The market in Germany is anticipated to develop at an 8.0% CAGR through 2034.
- The market in China is estimated to surge at a 4.3% CAGR through 2034.
- Australia is expected to thrive at a 12.0% CAGR through 2034.
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Competitive Landscape
A dynamic interaction of innovation, regulatory compliance, and strategic partnerships defines the food glazing market's competitive environment. The market's key competitors always compete to distinguish their offers, resulting in a vibrant environment characterized by a mix of established industry giants and nimble, niche-specific businesses.
Recent Developments Observed by FMI:
- In December 2023, top performance nutrition firm Dymatize launched an extraordinary new product that blends the famed flavor of Dunkin's Glazed Donut with the brand's award-winning, scientifically validated hydrolyzed whey protein isolate.
- In November 2023, Flagstone Foods, one of North America's top producers and distributors of private-label snack nuts, added two new items to its small-batch kettle glazed nut collection: Cinnamon Churro Peanuts and Salted Caramel Macadamia Nuts. These flavor extensions were displayed at the 2023 Private Label Trade Show in Chicago, hosted by the Private Label Manufacturers Association.
Key Players in the Food Glazing Agent Market
- Mantrose-Haeuser Co., Inc.
- Capol GmbH
- Strahl & Pitsch, Inc.
- British Wax Refining Company Limited
- Kerry Group
- Masterol Foods Pty Ltd
- ADM Corn Processing
- DuPont de Nemours, Inc.
- Wuhu Deli Foods Co., Ltd.
- Ningbo J&S Botanics Inc.
- Arla Foods Ingredients Group P/S
- Macphie of Glenbervie Ltd.
- Mantrose UK Ltd.
- Poth Hille & Co Ltd.
- Ningbo J&S Botanics Inc.
- Zeelandia International B.V.
- Flo Chemical Corporation
- Ningbo Wanglong Technology Co., Ltd.
- AVATAR CORPORATION
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Food Glazing Agent Market Segmentation
By Ingredient Type:
- Stearic Acid
- Beeswax
- Carnauba Wax
- Candelilla Wax
- Shellac
- Paraffin Wax
- Others (Montan and Lanolin Wax)
By Application:
- Bakery
- Confectionery
- Processed Meat
- Poultry & Fish
- Fruits & Vegetables
- Functional Foods
- Others (Dairy Products & Convenience Foods)
By Ingredient Function:
- Coating Agents
- Surface Finishing Agents
- Firming Agents
- Film Agents
- Others (Binding Agents and Stabilizing Agents)
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific (APAC)
- The Middle East & Africa (MEA)
- Japan
Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Have a Look at Related Reports of Food and Beverage Domain:
- The global licorice candy market size is expected to reach a market valuation of US$ 278.5 million by the year 2023, accelerating with a CAGR of 5.2% by 2033.
- The global liquid sugar market trend is expected to reach a market valuation of USD 130.3 Million by the year 2032, accelerating with a CAGR of 7.1% by 2022 to 2032, while it is valued at USD 65.9 Million in 2022.
- The global polyol sweeteners market is predicted to develop from US$ 4,100 million in 2023 to US$ 4,317.3 million in 2024, showing potential market growth. With a CAGR of 7.19%, the market is predicted to reach a projected value of US$ 8,213.4 million by 2034.
- The global sales of icing sugar market growth are projected to rise at a robust CAGR of around 6.78% between 2022 and 2032, generating significant revenues by the end of the forecast period.
- The pet food processing market is expected to be valued at US$ 6,684.4 million in 2024. The market is projected to expand at a CAGR of 4.0% from 2024 to 2034.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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