The North America Food Glazing Agents Market would witness market growth of 3.9% CAGR during the forecast period (2022-2028).
Food products may be coated with a shiny, protective layer using food glazing agents. The aforementioned products can be made from synthetic as well as natural sources, but as consumers' awareness of their health increases, the demand for glazing agents made from natural ingredients is anticipated to rise significantly.
During the forecast period, it is anticipated that the rising demand for bakery goods, processed meat goods, and fruits and vegetables will fuel the growth of the food glazing agents market. The use of food additives is subject to strict regulations by food regulatory authorities due to which it is necessary for manufacturers to provide safer food glazing agents. Food glazing agents are the protective coating used to keep food products moist.
To give food items a shiny appearance, these food gazing agents are applied externally. Many food glazing agents are made synthetically from petroleum or from naturally occurring waxes. Beeswax, carnauba wax, shellac, candelilla wax, and others are well-known natural food glazing agents. By limiting the exposure of the food to the outside environment, the food glazing agents aid in food preservation.
In developed nations like the United States, the retail food sector is very competitive. The food & beverage industry in the United States is seeing an increase in demand for food additives as a result of an increase in retailers, retail channels, and retail formats that make processed and convenience foods more accessible to consumers. The organized retail sector exposes consumers to label information and quality comparison with both private labels & branded products while offering consumers competitive prices, quality, and services, which is boosting the retail food market in the United States.
The US market dominated the North America Food Glazing Agents Market by Country in 2021; thereby, achieving a market value of $831.2 million by 2028. The Canada market is poised to witness a CAGR of 6.2% during (2022 - 2028). Additionally, The Mexico market is anticipated to witness a CAGR of 5.3% during (2022 - 2028).
Based on Nature, the market is segmented into Conventional and Organic. Based on Application, the market is segmented into Bakery & Confectionery, Fruits & Vegetables, Processed Meat, Poultry, & Fish and Others. Based on Product Type, the market is segmented into Stearic Acid, Beeswax, Candelilla Wax, Shellac, Carnauba Wax and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Food Glazing Agents Market is Predict to reach $4 Billion by 2028, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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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