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Middle-East & Africa Food Glazing Agents Market Banking on Innovative New European Chocolates & Confectionery to Drive Future Revenue

 



(Entertainment-NewsWire.com, December 26, 2017 ) Middle-East & Africa Food Glazing Agents Market was worth USD 0.24 billion in 2016 and estimated to be growing at a CAGR of 8.12%, to reach USD 0.35 billion by 2021. Food glazing agents are defined as a group of synthetic or naturally substances that are used on food products to provide a waxy, homogenous coating and a glazed texture, that serves aesthetic purposes as well as providing basic protection from the elements.

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They are often used as coatings on fruits and vegetables to preserve their freshness and values while exporting to various countries. In addition to the edible products industry, food glazing agents also finds applications in the export industry for the coating of fruits and vegetables to provide them with protection while they are shifted.

The growing interest of consumers in the appearance and texture of foods along with the multitude benefits that come with using food glazing agents is set to drive the market from 2016 to 2021. Also, the growth of food additive market and advancement in food technology has boosted the sales of food glazing agents. Innovation and introduction of new natural and organic products is yet another push in the right direction for the industry. As for the constraints for the industry, the lack of excessive spending money among consumers is a problem faced by the region. Since most of the major products that use food glazing agents on a large scale are manufactured by companies with high brand value, the relatively expensive pricing of the products in regions such as Africa will make it unappealable to consumers. Patent problems of glazing agents is another problem that plagues the industry.

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The Middle-East & Africa Food Glazing agents market is broadly classified into Stearic Acid, Beeswax, Carnauba wax, Candelilla wax, Shellac, Paraffin wax and others based on ingredient type. Furthermore, based on ingredient function they are classified into Coating Agents, Surface-Finishing Agents, Firming Agents, Film Formers and others. Based on application, they are classified into Bakery, Confectionary, Processed meat, poultry and fish, Fruits & Vegetables and others. Based on geography, the Middle-East & Africa market is divided into Algeria, Bahrain, Egypt, Kuwait, Qatar, Saudi Arabia, UAE and many others. The market share of the region is the second smallest, but the region has a respectable growth rate with a CAGR of 8.1% which is only a bit less than the global average.
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Some of the major companies dominating the market, by their products and services include Mantrose-Haeuser Co. Inc., Capol GmbH, Kerry Ingredients Limited, Entemann's Inc., Arla Foods, The Riverside Company, Masterol Foods, Wuhu Deli Foods Co., Ltd., Ningbo J&S Botanics Inc., Avatar Corporation, Strahl and Pitsch, Inc. and Hainan Zhongxin Wanguo Chemical Co., Ltd among others.


Market Segmentation
Ingredient Type
Introduction
Stearic Acid
Beeswax
Carnauba Wax
Candelilla Wax
Shellac
Paraffin Wax
Others

Ingredient Function
Introduction
Coating Agent
Surface Finishing Agents
Firming Agents
Film Formers
Others
Application
Introduction
Bakery
Confectionary
Processed meat, poultry and fish
Fruits and Vegetables

Scope of the Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of Ingredient Function, Application , and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the Regional market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.


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