Food Glazing Agents Market: Overview
In present times, change in lifestyle and change in eating preferences have influenced the additives market to a large extent. The due importance to texture, taste, and appearance have led to the increased use of glazing agents in several types of food.
Food glazing agents are also useful for packed fruits, functional foods, and vegetables. The multitude of uses of these products is the main reason for their application across several end users.
The food glazing agents market can be analyzed with respect to ingredient type, application, ingredient function, and region.
Food Glazing Agents Market: Trends and Opportunities
The growth of the food additives industry combined with the increased consumption of processed food is primarily driving the global food glazing agents market. Moreover, the increasing demand for organic and vegan foods is expected to drive the demand for food additives, which in turn, will favor the growth of the food glazing agents market.
Carnauba wax stood as the dominant ingredient type segment in the recent past. This is due to its manifold use for preparing glazing agents that are used in confectionery and bakery applications. Among other ingredients, stearic acid also contributed substantial revenue to the food glazing agents market in the recent past. This is due to the increasing use of stearic acid in personal care and cosmetics and detergent industry.
Paraffin wax displayed a significant size in the market in the recent past. The increasing application scope of paraffin wax in packaging, cosmetics, and candle industry is expected to drive demand for this ingredient type segment.
Coating based additives led the ingredient function segment of the global food glazing agents market in the recent past. The surface-finishing ingredient segment is expected to display a significant growth rate translating into substantial gains for the segment
The confectionery application segment led the overall market in the recent past and is expected to display a substantial growth rate in the near future. The increasing consumption of canned fruits and vegetables and canned sea foods is expected present growth opportunities for the food glazing agents market.
The growing population combined with the increasing per-capita spending in India and China is expected to propel growth of the APAC confectionery market. The highly competitive confectionery market in EU is expected to present extensive demand for food glazing agents in the years to come.
Food Glazing Agents Market: Regional Overview
The food glazing agents market can be broadly divided into the regional markets of North America, Europe, Asia Pacific, and Rest of the World. The Europe regional market for food glazing agents, primarily driven by Italy, Germany, the U.K., and France held a significant share of the global market in 2015.
The Asia Pacific food glazing agents market is largely driven by the processed meat industry in China and India. Changing lifestyle due to rising disposable income and nuclear family setups where both the partners are working is driving the demand for processed meat, which is indirectly supporting the food glazing agents industry.
Major Companies Mentioned in Report
Some of the leading companies in the global food glazing agents market include Masterol, Capol GmbH, Koster Keunen, Poth Hile, British Wax, and Strahl & Pitsch. Some other participants in this market include DuPont, Avatar Corporation, Wuhu Deli, Ningbo J& S Botanics, Zeelandia, ADM, Kerry Group, and Stoever Schellack Bremen.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.