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Food Glazing Agents - Global Market Trajectory & Analytics

  • ID: 5029906
  • Report
  • April 2021
  • Region: Global
  • 289 Pages
  • Global Industry Analysts, Inc
Global Food Glazing Agents Market to Reach $5.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Food Glazing Agents estimated at US$3.1 Billion in the year 2020, is projected to reach a revised size of US$5.1 Billion by 2027, growing at a CAGR of 7.2% over the analysis period 2020-2027. Stearic Acid, one of the segments analyzed in the report, is projected to record a 7.8% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Carnauba Wax segment is readjusted to a revised 8.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $838.5 Million, While China is Forecast to Grow at 11% CAGR

The Food Glazing Agents market in the U.S. is estimated at US$838.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 11% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 6.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Candelilla Wax Segment to Record 7.7% CAGR

In the global Candelilla Wax segment, USA, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$257.4 Million in the year 2020 will reach a projected size of US$416.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$694.5 Million by the year 2027, while Latin America will expand at a 9% CAGR through the analysis period.

Select Competitors (Total 43 Featured):
  • Bj International
  • British Wax Ltd.
  • Capol GmbH
  • Carnauba Do Brasil Ltda
  • Koster Keunen LLC
  • Mantrose-Haeuser Co., Inc.
  • Masterol Foods Pty. Ltd.
  • Poth Hille & Co., Ltd.
  • Stearinerie Dubois Fils
  • Strahl & Pitsch, Inc.
Frequently Asked Questions about the Global Market for Food Glazing Agents

What is the estimated value of the Global Market for Food Glazing Agents?

The Global Market for Food Glazing Agents was estimated to be valued at $3.1 Billion in 2020.

What is the growth rate of the Global Market for Food Glazing Agents?

The growth rate of the Global Market for Food Glazing Agents is 7.4%, with an estimated value of $5.1 Billion by 2027.

What is the forecasted size of the Global Market for Food Glazing Agents?

The Global Market for Food Glazing Agents is estimated to be worth $5.1 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 43
Note: Product cover images may vary from those shown