Market Size of Food Glazing Agents Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.69 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Food Glazing Agents Market Analysis
The food glazing agents market is projected to record a CAGR of 8.69% during the forecast period (2022-2027).
Due to the COVID-19 pandemic, the food additives market was affected, from the procurement of raw materials to the production of end products. Manufacturers faced issues because of the shortage of labor and the import and export restrictions. The COVID-19 pandemic also affected various industries worldwide. The pandemic had a severe impact on the food production and distribution sector. Due to strict lockdowns and social distancing measures, many food processing industries were shut down, negatively impacting the food glazing manufacturing industries worldwide.
The food glazing agents market is significantly influenced by two broad factors - increasing consumption of bakery and confectionery products and increasing awareness among consumers regarding different foods. Both these factors are particularly prominent in the case of European and American countries.
Furthermore, growing urbanization and high-income consumers in these regions are cited as major reasons for the market's growth. Consumers are more concerned about the attractiveness of bakery and confectionery products. These glazing agents are also used as a protective coating for food.
