The Europe Food Glazing Agents Market was at US$ xx million in 2021, and it is predicted that it will reach a valuation of US$ xx million by 2026 with an annual expansion rate of xx% between 2021 and 2026.
The Food Glazing Agents provide a uniform waxy coating to food products to prevent moisture loss at the surface and provide additional protection. They areused in food applications to improve bonding and coating ability, along with the formation of films with a bright and appetizing visual appeal. In the confectionery industry, glaze is used primarily to coat hard candies and many other types of candies. In recent years, there is a growing functional food customer base in major regions of the world. People are fascinated with the new types of glazing products available on the market. Food glazes in food applications are primarily used to impart film-forming, coating and bonding capabilities with elegant and palatable visual appeal. Food glaze is mainly used in the confectionery industry, especially hard candy, toppings, and other types of candy. The European food glazing market growth is influenced by innovation and the introduction of new natural and organic glazes for food products. Food glazes are used on packaged fruits, functional foods, and vegetables.
The growing consumer demand for the texture and appearance of food products and the growing consumer base for glazes in the food industry are the main drivers of Europe Food Glazing Agents market.
The growth of the food additives industry, combined with increased consumption of processed foods, is primarily driving the Europe Food Glazing Agents market. Also, as the demand for organic and vegan foods increases, the food additives is expected to increase, supporting the growth of the Europe Food Glazing Agents market. The European Food Glazing Agents market is heavily influenced by factors like increased consumption of bakery and confectionery products and increased consumer awareness of a wide variety of food products. The increase in urbanized and high-income consumers in the region is cited as one of the main factors contributing to this industry. Leading suppliers to the Europe Food Glazing Agents market are committed to continuous innovation of food glaze formulations, and alternative product launches can also enhance the Europe Food Glazing Agents market. The continuous change in food glazes is driving the growth of the Europeanmarket. Increasing demand for processed meats, fish and poultry and functional foods is expected to drive overall demand. With the increasing preference for personalized foods, the increasing application of food glazes in bakery and confectionery products is supposed to affect industry demand in the near future. Increasing consumer interest in the texture and appearance of food and the growing demand for glazes in the food industry will drive demand in the forecast period.Consumers tend to eat safe and balanced food, paying more attention to their well-being and ensuring the traceability and consistency of the ingredients used in the products they buy. Another key factor that is expected to drive the growth of the Europe Food Glazing Agents market is the improved palatability, texture and flavor properties. Consumption of ready-to-eat foods, improved shelf life, and improved aesthetic appeal of foods are opportunities to focus on the active players in the Europe Food Glazing Agents market. Increasing customer awareness and safety concerns about marking ingredient sources on product labels and eating healthier foods will increase the demand for organic products in the Europe Food Glazing Agents industry.
Customer expectations have risen recently. In recent years, strict government regulations have also reduced profit margins for stakeholders. This is likely to hamper Europe Food Glazing Agents market growth during the outlook period.
By ingredient, the carnauba wax was the leading segment with a 23.3% revenue share in 2019 and is estimated to continue to dominate over the foreseen period due to factors such as its use as brightener and gelling agent. The Candelilla wax segment accounted for 17.5% of its share of 2019 sales and is likely to grow at a significant rate during the forecast period.
By function, the coatings segment was the leading with a sales share of 37.9% in 2019. Changes in lifestyle have led to increased demand for bakery and confectionery products used in a variety of situations. This is predicted to be one of the main drivers of the growing demand for coatings.
By application, the confectionery sector has become a major application accounting for 31.7% of the industry's total revenue in 2019. The segment is estimated to gain traction in the coming years as demand for confectionery products tailored to suit different situations and consumer requirements.
The outbreak of thecoronavirus pandemic has cut off the supply of raw materials. This impact will continue to be moderate to low in the food glazes market for the expected period. As the demand for coating products increases, the market for food glazes will have a positive outlook in the future.
Geographically the Europe Food Glazing Agents Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. Europe has emerged as a leader in the Food Glazing Agents industry due to high prices and high demand for confectionery and bakery applications combined with a strict regulatory framework. Europe is an important region for the food glazing agents industry, contributing significantly to the growth of cakes and bakery products. Additionally, the increase in food processing facilities and the development of existing facilities in the area are anticipated to drive the Europe Food Glazing Agents market growth. The main consumers in this region are France, Italy, the United Kingdom and Germany, which have a significant share of the entire industry. However, the increasing use of these agents in confectionery, especially chocolate and sweets, will drive growth in the Europe Food Glazing Agents market.
Key Players in the Market:
Major Key Players in the Europe Food Glazing Agents Market are
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