As stated in our extensive report, providing insights on type, function, application, and geography, the Global Food Glazing Agent Market accounted for USD 3.2 Billion in 2020.

The Glazing Food Agent is an artificial or organic substance that provides a uniform, waxy coating to restrict surface water loss and present extra protection. A shiny, glossy exterior coating that provides a protective, moisture-resistant barrier is formed by Food Glazing Agents. By locking the inner moisture or evading its deterioration due to natural humidity conditions, the layer helps preserve food items, leading to longer shelf life.

The growing trend in the intake of ready-to-eat food and beverage is expected to offer chances for players functioning in the global market for food glazing agents. Features such as durability and support of packaging alternatives, raw material prices, and the aesthetic attractiveness of packaging also determine the choice of food glazing agents. Additionally, the expansion of urbanized and high-income consumers is also expected to boost market growth.

With the explosion of a global pandemic, people have suffered wage cuts and business losses. Covid-19 has converted into a threat to the whole economy and has negatively affected every market, including the Food Glazing Agent’s Market. With limited disposable income, disrupted supply chains, and affected the supply of the raw material market's growth is expected to decrease.   

The increasing demand from bakehouse and confectionery industries is boosting the market. Bakery and confectionery goods producers use the glaze in most of the products to increase shelf life and to present an appealing look of the goods so that buyers can decide based on their eatable preferences. With increased customer knowledge of food glazing agents on its palatability properties, enhanced texture, and flavor. will expand the demand of the Food Glazing Agent’s Market.

North America is expected to expand the market for the fastest growth during the forecast period. With the higher purchasing power, confectionery food items have always witnessed a high demand. A crucial trend in developed economies is to find value in the items they spend on is driving the market growth in the North American region.   

Some of the prominent players of the food glazing agent market are British Wax Refining Company Ltd, Capol GmbH, Colorcon, Koster Keunen, Montrose-Haeuser Co., Inc., Master Foods, Poth Hille & Co., Ltd., Puratos, Stearinerie Dubois, and Strahl & Pitsch, Inc., among others.