Glazing Gel Market Size

Glazing Gel Market Size

The global glazing gel market has a size of USD 420.3 million in 2023 and is expected to expand at over 6% CAGR between 2024 and 2032. The glazing gel industry is experiencing growth, supported by the expansion of the global bakery industry. According to the U.S. Census Bureau, the revenue for retail bakeries in the United States reached approximately USD 11.6 billion in 2020, indicating a robust demand for bakery products.

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The European Commission reports that the EU bakery sector, including industrial bakeries and craft bakeries, generated a turnover of around €150 billion in 2019. In Australia, the Australian Bureau of Statistics noted that the bakery product manufacturing industry contributed AUD 6.5 billion to the economy in 2019-2020. These statistics underscore the significant market potential for glazing gels, which are widely used to enhance the appearance and shelf life of bakery products. The increasing consumer preference for visually appealing and premium food items further drives the demand for glazing gels in the bakery and confectionery sectors globally.

The glazing gel industry growth is supported by the expanding global bakery industry. According to the U.S. Census Bureau, the revenue for retail bakeries in the United States reached USD 11.6 billion in 2021, reflecting a 4.9% increase from the previous year. This growth in the bakery sector indicates an increasing demand for bakery-related products, including glazing gels. Furthermore, the U.S. Bureau of Labor Statistics reports that the employment of bakers is projected to grow 8% from 2021 to 2031, faster than the average for all occupations, suggesting a continued expansion of the bakery industry.

In Europe, Eurostat data shows that the production value of bakery and farinaceous products in the EU-27 countries amounted to €120.3 billion in 2020, highlighting the significant market potential for glazing gels in this region. These statistics underscore the robust growth of the bakery sector, which is a key driver for the glazing gel industry.

The glazing gel market faces challenges amid changing consumer preferences and regulatory pressures. According to the U.S. Food and Drug Administration (FDA), there has been a 30% increase in food additive petitions related to natural ingredients over the past five years, reflecting the industry's shift towards cleaner labels. The U.S. Department of Agriculture (USDA) reports that organic food sales have grown by an average of 9% annually since 2010, indicating a strong consumer trend towards natural products.

Additionally, the U.S. Environmental Protection Agency (EPA) states that food packaging accounts for approximately 23% of landfill waste, highlighting the need for sustainable packaging solutions in the food industry, including glazing gel products. These factors, combined with fluctuating raw material prices and intense competition, are shaping the future of the glazing gel industry and driving manufacturers to innovate and adapt to meet evolving market demands.