(Entertainment-NewsWire.com, February 21, 2018 ) The Global Food Glazing Agents Market was worth USD 2.4 billion in 2016 and estimated to be growing at a CAGR of 8.8%, to reach USD 3.66 billion by 2021. A glazing agent is substance used to provide a waxy coating on surfaces to prevent water loss and provide basic protection from the elements. It may be a natural or synthetic occurring substance with the former being found in plants and insects. The glazing agent is made up of a substance that is industrially classified as wax. As for the synthetic glazing agents, they are produced to mimic their natural counterparts.
The prominent characteristics that are looked for in a glazing agent are good preservation ability, stability, uniform viscosity and industrial reproduction capabilities. In short, the glazing agent must protect the product from the elements, must maintain its structural and molecular integrity under pressure and temperature changes, must be viscous to be applicable as a uniform layer and must be manufacturable in massive quantities to be used on commercial goods.
Ingredient Type Introduction Stearic Acid Beeswax Carnauba Wax Candelilla Wax Shellac Paraffin Wax Others Y-o-Y Growth Analysis, By Ingredient Type Market Attractiveness Analysis, By Ingredient Type Market Share Analysis, By Ingredient Type
Ingredient Function Introduction Coating Agent Surface Finishing Agents Firming Agents Film Formers Others Y-o-Y Growth Analysis, By Ingredient Function Market Attractiveness Analysis, By Ingredient Function Market Share Analysis, By Ingredient Function
Application Introduction Bakery Confectionary Processed meat, poultry and fish Fruits and Vegetables Others Y-o-Y Growth Analysis, By Application Market Attractiveness Analysis, By Application Market Share Analysis, By Application
The major drivers of the food glazing market are the increased demand for processed and convenience items. Food items which boast a colourful texture and an appealing appearance are expected to drive the industry over the forecast period. Technological factors also have established as a crucial factor in changing the industry over the period. Growing awareness among consumers about health has led to them shunning many synthetic food additives and turning to organic food products with no contaminants. This change is the only major restraint for the market. Other minor factors are government regulations and difficulty of mass manufacture.
The Global 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 global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The Food Glazing Market is dominated by Europe in 2016 with North America closely behind. The highest growth rate is witnessed in the Asia-Pacific region as is evident from the high CAGR prevalent there.
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.
Scope of the Report:
Global, 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 technology, component, 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 global 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 Porters 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
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