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Latin America Food Glazing Agents Market By Ingredient Type (Stearic Acid, Beeswax, Carnauba Wax, Candelilla Wax, Shellac, Paraffin Wax And Others), By Ingredient Function (Coating Agents, Surface-Finishing Agents, Firming Agents, Film Formers And Others), By Application (Bakery, Confectionary, Processed Meat, Poultry And Fish, Fruits & Vegetables And Others), and By Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Size, Share, Trends, Growth, Forecast (2022 to 2027)

Published: January, 2022
ID: 2785
Pages: 145

Latin America Food Glazing Agents Market Growth and Forecast (2022 - 2027):

Latin America Food Glazing Agents Market was worth USD 0.34 billion in 2021 and estimated to be growing at a CAGR of 9.67%, to reach USD 0.54 billion by 2026.

Market Overview:

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 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.

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.

Drivers and Restraints:

The recent trend where the demand or processed meat, seafood and its derivatives has increased has indirectly led to the booming of the food glazing agents market. Moreover, the growing use of paraffin wax in industries such as packaging, cosmetics, and the candle industry has driven the growth of the market. The market is expected to grow at a steady pace owing to the rise in consumption of processed and convenience food products in growing economy of Latin America. As for the constraints of the market, the region is not financially rich in the sense that there is excess of spendable money. Therefore, luxury products of the western world such as expensive cakes and donuts which are major contributors to the food glazing market have not yet found its sales rhythm here. Additionally, health specific consumers in the region further hampers the growth of the market.

Latin America Food Glazing Agents Market Segmentation Analysis:

Latin 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.

Region Analysis:

Geographically the Latin America Food Glazing Agents Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The market share of the region is quite small, being the second smallest, but the region has the second-highest growth rate with a CAGR of 9.67% which is only less than Asia-Pacific and is almost 1 point above the global average.

Key Players in the Market:

Major Key Players in the Latin America Food Glazing Agents Market are

  • 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
  • Pitsch, Inc
  • Hainan Zhongxin Wanguo Chemical Co., Ltd
  1. Introduction

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods 

                1.4 General Study Assumptions                

  1. Research Methodology

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

  1. Overview

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

  1. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

  1. Market Segmentation

                5.1 Ingredient Type                        

                                5.1.1 Introduction           

                                5.1.2 Stearic Acid             

                                5.1.3 Beeswax  

                                5.1.4 Carnauba Wax       

                                5.1.5 Candelilla Wax       

                                5.1.6 Shellac      

                                5.1.7 Paraffin Wax          

                                5.1.8 Others      

                                5.1.9  Y-o-Y Growth Analysis, By Ingredient Type 

                                5.1.10  Market Attractiveness Analysis, By Ingredient Type   

                                5.1.11  Market Share Analysis, By Ingredient Type

                5.2 Ingredient Function                

                                5.2.1 Introduction           

                                5.2.2 Coating Agent        

                                5.2.3 Surface Finishing Agents   

                                5.2.4 Firming Agents      

                                5.2.5 Film Formers          

                                5.2.6 Others      

                                5.2.7 Y-o-Y Growth Analysis, By Ingredient Function

                                5.2.8 Market Attractiveness Analysis, By Ingredient Function   

                                5.2.9 Market Share Analysis, By Ingredient Function

                5.3 Application                 

                                5.3.1 Introduction           

                                5.3.2 Bakery      

                                5.3.3 Confectionary        

                                5.3.4 Processed meat, poultry and fish  

                                5.3.5 Fruits and Vegetables        

                                5.3.6 Others      

                                5.3.7 Y-o-Y Growth Analysis, By Application         

                                5.3.8  Market Attractiveness Analysis, By Application   

                                5.3.9  Market Share Analysis, By Application       

  1. Geographical Analysis

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Ingredient Type

                                                6.1.3.3 By Ingredient Function

                                                6.1.3.4 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Ingredient Type

                                                6.1.4.3 By Ingredient Function

                                                6.1.4.4 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Ingredient Type

                                                6.1.5.3 By Ingredient Function

                                                6.1.5.4 By Application

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

  1. Strategic Analysis

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services  

                                7.2.5 Competitive Rivalry within the Industry     

  1. Market Leaders' Analysis

                8.1 Mantrose-Haeuser                 

                                8.1.1 Overview 

                                8.1.2 Ingredient Type Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Capol GmbH                               

                8.3 Kerry Ingredients                     

                8.4 Entemann's Inc                         

                8.5 Arla Foods                   

                8.6 The Riverside Company                        

                8.7 Masterol Foods                        

                8.8 Wuhu Deli Foods Co.                              

                8.9 Avatar Corporation                 

                8.10 Strahl and Pitsch                    

  1. Competitive Landscape

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures      

                9.4 New Product Launches                         

  1. Market Outlook and Investment Opportunities

Appendix                                           

  1. a) List of Tables
  2. b) List of Figures

 

  1. Latin America Food Glazing Agents Market By Ingredient Type, From 2022 - 2027 ( USD Billion )
  2. Latin America Stearic Acid Market By Region, From 2022 - 2027 ( USD Billion )
  3. Latin America Beeswax Market By Region, From 2022 - 2027 ( USD Billion )
  4. Latin America Carnauba Wax Market By Region, From 2022 - 2027 ( USD Billion )
  5. Latin America Candelilla Wax Market By Region, From 2022 - 2027 ( USD Billion )
  6. Latin America Shellac Market By Region, From 2022 - 2027 ( USD Billion )
  7. Latin America Paraffin Wax Market By Region, From 2022 - 2027 ( USD Billion )
  8. Latin America Others Market By Region, From 2022 - 2027 ( USD Billion )
  9. Latin America Food Glazing Agents Market By Ingredient Function, From 2022 - 2027 ( USD Billion )
  10. Latin America Coating Agents Market By Region, From 2022 - 2027 ( USD Billion )
  11. Latin America Surface Finishing Agents Market By Region, From 2022 - 2027 ( USD Billion )
  12. Latin America Firming Agents Market By Region, From 2022 - 2027 ( USD Billion )
  13. Latin America Film Formers Market By Region, From 2022 - 2027 ( USD Billion )
  14. Latin America Others Market By Region, From 2022 - 2027 ( USD Billion )
  15. Latin America Food Glazing Agents Market By Application, From 2022 - 2027 ( USD Billion )
  16. Latin America Bakery Market By Region, From 2022 - 2027 ( USD Billion )
  17. Latin America Confectionary Market By Region, From 2022 - 2027 ( USD Billion )
  18. Latin America Procssed meat, fish and poultry Market By Region, From 2022 - 2027 ( USD Billion )
  19. Latin America Fruits and Vegetables Market By Region, From 2022 - 2027 ( USD Billion )
  20. Latin America Others Market By Region, From 2022 - 2027 ( USD Billion )
  21. Brazil Food Glazing Agents Market By Ingredient Type, From 2022 - 2027 ( USD Billion )
  22. Brazil Food Glazing Agents Market By Ingredient Function, From 2022 - 2027 ( USD Billion )
  23. Brazil Food Glazing Agents Market By Application, From 2022 - 2027 ( USD Billion )
  24. Argentina Food Glazing Agents Market By Ingredient Type, From 2022 - 2027 ( USD Billion )
  25. Argentina Food Glazing Agents Market By Ingredient Function, From 2022 - 2027 ( USD Billion )
  26. Argentina Food Glazing Agents Market By Application, From 2022 - 2027 ( USD Billion )
  27. Mexico Food Glazing Agents Market By Ingredient Type, From 2022 - 2027 ( USD Billion )
  28. Mexico Food Glazing Agents Market By Ingredient Function, From 2022 - 2027 ( USD Billion )
  29. Mexico Food Glazing Agents Market By Application, From 2022 - 2027 ( USD Billion )
  30. Rest of Latin America Food Glazing Agents Market By Ingredient Type, From 2022 - 2027 ( USD Billion )
  31. Rest of Latin America Food Glazing Agents Market By Ingredient Function, From 2022 - 2027 ( USD Billion )
  32. Rest of Latin America Food Glazing Agents Market By Application, From 2022 - 2027 ( USD Billion )

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