Global food grade microcrystalline wax market size was valued at USD 905 million in 2024. The market is projected to grow from USD 935 million in 2025 to USD 1.24 billion by 2032, exhibiting a CAGR of 3.6% during the forecast period. This growth trajectory stems from increasing demand for food-safe protective coatings and specialized applications in confectionery products, particularly in developing regions where processed food consumption is accelerating.