Asia-Pacific Food Glazing Agents Market

Future Market Trends of Asia-Pacific Food Glazing Agents Market
The Asia-Pacific Food Glazing Agents Market was worth USD 0.38 billion in 2016 and
estimated to be growing at a CAGR of 10.43%, to reach USD 0.63 billion by 2021. Food
glazing agents are natural or synthetic substances added to food to provide a waxy,
homogenous, glazed texture that aids in preventing water loss and imparts basic protection.
The glazing used in bakery, confectionary and its alike is mostly for added visual
presentability and offers minimum protection to the elements. Whereas the glazing used in
coating of fruits and vegetables is designed to withstand much higher and unforgiving
conditions.
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The food glazing agents are considered as food additives which gives a coating ability,
binding capability and improves the visual appeal of finished products. Products that use
food glazing include cakes, biscuits, cookies, chocolates, hard candies, toffees, donuts and
other products.
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The size of the Asia-Pacific food glazing agents market is increasing with respect to the
growth of the food additive market. The market is projected to grow at a steady pace, led by
higher growth in emerging economies such as China, India, Japan and Australia. Market
growth is subject to rise in consumption of processed and convenience food products in the
growing economy of Asia-Pacific. Other factors restraining the market include, the launch of
substitute products by major players and patent issues of glazing agents. Prominent players
such as Unilever hold all the patents for the glazing agents and its therefore hard for new
undertakings to come to fruit.
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The Asia-Pacific 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 Asia-Pacific market is
divided into China, India, Japan, South Korea, Australia and rest of APAC countries. AsiaPacific was the fastest growing global market in 2016 with a CAGR of over 10%. The region
is expected to show a very fast rate of growth due to the increased demand for food glazing
in developing regions such as India and China. China has the highest market share in the
region while India is the fastest growing region of APAC.
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.
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