Food Glazing Agents Market: Market Outlook
Food glazing agents are nothing but a protective covering applied to the food products to retain their moisture. These food gazing agents are applied externally to give a shiny appearance to food items. Many food glazing agents are derived from naturally produced waxes or synthetically derived from petroleum. Some recognized natural food glazing agents are beeswax, candelilla wax, carnauba wax, shellac, and others. The food glazing agents help to preserve food by reducing their exposure to external environmental conditions.
A uniform coat of liquid or powdered food glazing agents is applied to the product. It is automated processes which include spraying, mixing or dipping glazing agents and then it is either heated, dried or cooled down to give a glossy, smooth surface coating to food products. Food glazing prepared from sugar and beaten white egg gives the rich and luxurious appeal to bakery products. Despite this, frequent consumption of artificial food glazing agents or edible natural wax may be harmful to human health. This is affecting and restraining the food glazing agents market.
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Food Glazing Agents Market: Market Dynamics
Increase in demand for Food Glazing Agents due to increased consumption in the food and beverage industry
The food and beverage industry is preferring food glazing agents to enhance the characteristics of food products by making them anti-sticking, increasing lustre, improving flavours and texture, and others. The food glazing agents are best liked by bakery and confectionery segment owing to the aesthetic appeal it provides to products. This coating also helps to preserve food by locking-in internal moisture and keeping away environmental humidity. Expanding applications of glazing agents in the food and beverage industry is bolstering the growth of the food glazing market.
Increase in demand for Food Glazing Agents due to increased application in the pharmaceutical and cosmetic industry
The food glazing agents are found to be very effective to increase the shelf life of the food products. Encapsulation of medicine helps to protect them from the variable environmental conditions and it also controls the release of the medicine in the body. The naturally derived waxes produced from animals or plants have shown its convenience to be used in lipsticks, lip balms, and other skincare products owing to their perfect glossy and smooth texture. A variety of food glazing agents and their multi-purpose application are propelling the growth of the market.
The increased inclination of consumers towards Food Glazing Agents driving the market
Health-conscious consumers also prefer food products with captivating looks and irresistibly polished texture which functional benefits. The food glazing helps to put an external coating of added vitamins and minerals. Changing preferences of consumers are aiding to drive even more the food glazing agents market.
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Food Glazing Agents Market: Segmentation
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Food Glazing Agents: Key Player
Mantrose-Haeuser Co., Inc., Capol GmbH, Strahl & Pitsch, Inc., British Wax Refining Company Ltd., Masterol Foods, Stéarinerie Dubois, Poth Hille & Co Ltd., Koster Keunen, Inc., Kerry Group, BJ International (India), Carnaúba Do Brasil LTDA (Brazil), Fine Zeelandia Pvt Ltd (India), Macphie Limited (UK), Avatar Corporation (US), and others few leading players in the food glazing agents market.
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Global Food Glazing Agents Market: Opportunities:
The multi-functional properties of food glazing agents are offering a place for innovation and experimentation. New entrants, as well as existing players, will have enormous opportunities in the food glazing market. The expanding operations of food glazing agents in the preserving and holding on to the lustrous pinkish colour of the meat and poultry products are driving the sells of this market.
Market players may try entering into egg-based glazing owing to its natural and functional benefits. Artificial food glazing agents have harmful effects on human health and hence entrepreneurs can try expanding their product line the more naturally derived or harmless food glazing agents to get the competitive edge over existing key players. Food regulation authorities have stringent policies regarding food additives and therefore all the players in the food glazing agents segment need to follow all the proclamations to survive in the market.
Food Glazing Agents: Regional Outlook:
The shift in the preferences of consumers from bland to more decorative and attractive food products is driving the North American and Asian markets. Latin America has been playing a major role in the supply of raw material glazing agents. Along with this rising disposable income, the Asian economy is aiding the sells of confectionery and bakery product which pulling the demands for the food glazing agents market. In the Asian markets India, China, Japan and Korean markets are the major contributors.
European markets have also favoured the food glazing agents market owing to its application in the cakes and bakery items. European markets may show more growth in the coming future because of the usefulness of food glazing agents in the skin-care products. The Middle east and African markets have shown interest in the food glazing agents due to its property of prolonging the shelf life of the fruits and vegetables and other bakery products. Increasing industrialization in Africa will bolster the growth of this market.
COVID-19 Impact on Global Food Glazing Agents Market:
The supply of the raw material was hindered due to the outbreak of this global pandemic. This impact will remain moderate to low on the food glazing agents market in the forecasted period. Owing to the rising demand for the coating products, the food glazing markets will show a positive outlook in the coming future.