Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Food Glazing Agents Market size is expected to reach $4.0 billion by 2028, rising at a market growth of 4.5% CAGR during the forecast period.
The Organic market is anticipated to witness a CAGR of 5.3% during (2022 - 2028). Organic food glazing agents are grown as well as processed without the use of pesticides, growth regulators, livestock feeds, bioengineered genes, or fertilizers. The demand for these glazing agents is increasing as a result of the rising health consciousness among consumers.
The Bakery & Confectionery market is leading the Global Food Glazing Agents Market by Application in 2021; thereby, achieving a market value of $1.6 billion by 2028. This is due to rising demand for bakery & confectionery products as a result of busy lifestyles and an increase in choice for fresh and ready-to-eat convenience foods. Also, the consumption of canned fruits, vegetables, and seafood is rising resulting in market growth in this segment.
The Beeswax market is poised to grow at a CAGR of 4.2% during (2022 - 2028). The Candelilla Wax market is experiencing a CAGR of 5.3% during (2022 - 2028). On cucumbers, eggplants, potatoes, bell peppers, apples, lemons, limes, and oranges, beeswax serves as a food glazing agent. It reduces the loss of water inside the body. Additionally, it serves as a barrier to keep out moisture. The high demand from manufacturers of candies and cheese is what drives the market for beeswax food glazing agents worldwide.
The Europe market is showcasing high market share in the Global Food Glazing Agents Market by Region in 2021; thereby, achieving a market value of $1.3 billion by 2028. The North America market would witness a CAGR of 3.9% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 5.2% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Mantrose-Haeuser Co., Inc. (RPM International, Inc.), Capol GmbH (Freudenberg Group), Colorcon, Inc. (BPSI Holdings LLC.), Koster Keunen, Inc., The British Wax Refining Company Ltd., Masterol Foods Pty. Ltd., Poth Hille & Co Ltd., Stearinerie Dubois, Strahl & Pitsch, LLC and Puratos NV/SA.
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