The Food Glazing Agents Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company’s enlightening Food Glazing Agents Global Market Report of 2024, the robust expansion of the food glazing agents market is noteworthy. It is anticipated to escalate from $4.47 billion in 2024 to an estimated $4.81 billion in the same year, boasting a remarkable Compound Annual Growth Rate (CAGR) of 7.8%. This remarkable growth in the historical period is attributed to imperative factors such as the pressing need for food preservation, a surge in bakery and confectionery production, evolving consumer preferences, the globalization of food trade, and stringent regulatory compliance.

Forecasts paint a compelling picture of the food glazing agents market, projecting a substantial increase to $6.47 billion by 2028, maintaining a robust CAGR of 7.7%. The anticipated growth in the forecast period can be ascribed to the burgeoning demand for organic and natural foods, an upsurge in interest for plant-based products, ongoing innovations in sugar alternatives, the expanding premium chocolate market, and a notable focus on sustainability and eco-friendly practices. Noteworthy trends in this period encompass groundbreaking developments in natural glazing ingredients, technological advancements, the adoption of transparent and glossy finishes, strides in sprayable glazing technologies, and strategic collaborations fostering product innovation.

An increase in bakery and confectionery consumption is expected to propel the growth of the food glazing agents market. A bakery goods are items made from flour, such as bread, cookies, cakes, pastries, and pies. Confectionery products include sweet foods and products. Bakery and confectionery products are becoming more popular as consumers' tastes in gourmet goods and eating habits change. Glazing agents are typically used to seal the surface of the bakery product and provide a glossy appearance when the product is not completely coated with icing and to serve as a barrier between the relatively high-moisture bakery product and the relatively low-moisture icing. For instance, in January 2021, according to the United States Department of Agriculture (USDA), a US-based federal executive department for food, farming and forestry, baked goods retail sales (packaged and unpackaged) in China was $34 billion in 2020, accounting for 9% of global retail sales. It is expected to reach $53 billion by 2025, a 53% increase from current levels. Cakes accounted for 41 per cent of total baked goods retail sales in China, with a $14 billion annual value. Therefore, an increase in bakery and confectionery consumption is driving the growth of the food glazing agents market.

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The food glazing agents market covered in this report is segmented –
1) By Ingredient Type: Stearic Acid, Carnauba Wax, Candelilla Wax, Shellac, Paraffin Wax, Other Ingredients
2) By Ingredient Function: Coating Agents, Surface Finishing Agents, Firming Agents, Film Agents, Other Ingredient Functions
3) By Application: Bakery, Confectionery, Processed Meat, Poultry And Fish, Fruits And Vegetables, Functional Foods, Other Applications

At the forefront of market evolution is the pivotal trend of product innovations. Leading industry players are actively engaged in crafting inventive solutions, featuring organic and tailor-made glazing agents, and anti-sticking agents, as a strategic approach to solidify their market standing. An exemplar of this trend is evident in the strides made by Capol GmbH, a German-based confectionery industry surface treatment products manufacturer. In November 2021, the company unveiled a groundbreaking anti-sticking agent tailored for gummies, formulated with rapeseed and sunflower oil. Distinguished by its extended shelf life, the patented CAPOL formulation is founded on sunflower oil, integrating a customized anti-oxidization system for enduring stability. This innovative solution boasts an impressive gloss appeal alongside excellent anti-sticking properties, exemplifying the industry's commitment to advancing quality and sustainability.

The food glazing agents market report table of contents includes:
1. Executive Summary
2. Food Glazing Market Characteristics
3. Food Glazing Market Trends And Strategies
4. Food Glazing Market - Macro Economic Scenario
5. Global Food Glazing Market Size and Growth

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31. Global Food Glazing Market Competitive Benchmarking
32. Global Food Glazing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Food Glazing Market
34. Food Glazing Market Future Outlook and Potential Analysis
35. Appendix

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