(Food-Beverage-News.Com, December 20, 2017 ) North America Food Glazing Agents Market was worth USD 0.62 billion in 2016 and estimated to be growing at a CAGR of 8.08%, to reach USD 0.92 billion by 2021. Food glazing agents market is growing with respect to the growth in the additives market and it is a field subject to innovation as new natural and organic glazing agents are coming to the fore. Food glazing agents are natural or synthetic substances added to food to provide a waxy homogenous, glazed texture to reduce water loss and impart basic protection. In short, they provide coating ability, binding capability and improves visual appeal.
The food glazing agents are used as food toppings in various bakery and confectionary products to achieve a better texture on the product and to improve the appearance of cakes, biscuits, candies, toffees etc. In the export industry, as well food glazing finds applications for coating fruits and vegetables thereby preserving its freshness and value.
The size of the North American food glazing agents market is increasing with increasing interest in the appearance and texture of foods along with the multitude of benefits that food glazing agents provide. These factors are expected to drive the market growth from 2016 to 2021. Additionally, the growth of the food additive market and the advances in the technological front have boosted the market growth. Innovation and introduction of new natural and synthetic products has boosted the sales of glazing agents. Latest trends in the processed meat and seafood industry also has indirectly driven the market for glazing food agents. As for the constraints of the market, the main factor pegging back the growth of the market is the consumer self-awareness about lifestyle. Current lifestyle changes point to a specific limit of calorie intake and food glazing agents tend to stretch the limit on its own. Finding the right balance of stability and protection in a glazing agent is also another challenge.
The North America 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 North America market is analysed as USA and Canada. North America was the second largest global market in 2016 with around 25% of the total market revenue. The region is expected to show only a steady growth in terms of demand owing to the growing health concern and increasing consumer awareness about the food contents. The region inspite of having a major market share has the lowest CAGR of all the regions coming in at 8.08% as compared to the global rate of 8.8%.
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.
Scope of the Report:
•Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped •Segment-level analysis in terms of Type, function, and application along with market size forecasts and estimations to detect key areas of industry growth in detail •Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics •Study of the effect of exogenous and endogenous factors that affect the Regional market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis •Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development •A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment •Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies •An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions •Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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