(Entertainment-NewsWire.com, July 18, 2018 ) Global Food Glazing Agents market is estimated to be $2.1 billion in 2015 and is expected to reach $4.11 billion by 2022 growing at a CAGR of 10.0% from 2015-2022. Growing demand for food glazing agents in bakery and confectioneries, rising consumer awareness towards texture of food products and increasing applications in food glazing agents are some of the factors anticipated to stimulate the market growth globally. However, lack of raw materials is constraining the market. Furthermore, increasing economic concerns will provide a significant growth opportunity over the forecast period.
Carnauba wax segment is anticipated to rise at a highest growth rate during the forecast period due to rising demand for vegan and organic sources of food additives. Europe commanded the largest market share and Asia pacific is witnessed to grow at a fastest rate attributed to rising demands for end user applications and continuous growth in food glazing agents.
Some of the key vendors listed in the market include Kahl GmbH & Co. KG, Mallet & Company, Inc, Hangzhou Youither Bioscience Co., Ltd, Mantrose-Haeuser Co Inc, Penta Manufacturing Company, Wuhu Deli Foods Co., Ltd., Kerry Ingredients Limited, Entemann's Inc and Arla Foods.