Global releasing agents market size was 901.58 million in 2019 and is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the issue of the products getting stuck on to the equipments has led the manufacturers look towards the usage of release agent to prevent the problem of stickiness.
With changing lifestyle, busy schedule, and rising health concern people are sloping towards processed foods for food storage and safety. Processed food includes dried, cooked, frozen, canned food requires some release agents that help in the separation of food from tray, pan and other packaging materials. Nowadays food production release agents are essential. Release agents are substances that get rid of the bonding between two surfaces. These agents have a tendency of stickiness and moist surface.
Release agents are used for release of rolls and breads, dry baked goods, high sugar baked food, perforated sheets and baking sheets. Furthermore, release agents are used for moulds coated with teflon which will increase the service life of coating. Release agents such as acetylated, white mineral oils, stearic acid, monoglycerides and polyethylene glycols are applied for food processing equipment mainly for congregation that directly contact with food substances.
In baking process, the release agent is a crucial component with diverse physical properties which is used for different stages of baking process. It is important to have a proper selection of a release agent to provide a consistent, thin and oil film around the processed food.
The Covid-19 pandemic had an unpleasant impact on the releasing agents market. The fluctuating production and supply of releasing agents and increasing prices of raw materials owing to lockdown are hindering the growth of the market; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- The growing demand for baked food products across the world is significantly driving the demand for the global release agents market.
- Characteristics such as good physical stability, easy to apply by spraying, increasing use of natural or organic agents are estimated to fuel the market of release agents during the forecast period.
- Consumer acceptance towards baked food items is boosting the demand for confectionery and bakery market which has resulted in the increase in the demand for release agents.
- Use of vegetable oil as a natural source of release agents is expected to propel the demand for the release agents market across the globe.
- Risk of detrimental effect on the taste and odar of food, release agent’s reaction with the food or surface of the pan, and allergenic substances in release agents are projected to impede the release agents market.
- Stringent government regulations for health & safety are likely to hamper the growth of release agents market in near future.
- R&D investment and technological advancement in releasing agents market are expected to offer lucrative opportunities for the market players.
Scope of Releasing Agents Market Report
The report on the global releasing agents market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Releasing Agents Market -Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Category (Fluid Release Agents and Solid Release Agents), Application (Food [Bakery & Confectionery, Processed Meat, and Others], Pharmaceutical, Industrial Application)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Par-Way Tryson, AAK AB, Associated British Foods Plc, Avatar Corporation, Archer Daniels Midland Company and Mallet & Company
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Releasing Agents Market Segment Insights
The fluid release agents segment is projected to constitute a large market share
Based on category, the releasing agents market is segregated into fluid release agents and solid release agents. The fluid release agents segment is expected to account for a key share of the market during the forecast period owing to its applications such as improving the quality, less production costs and longer service life.
Food segment is expected to register a substantial CAGR
Based on application, the releasing agents market is divided into food, pharmaceutical and industrial application. The food segment has been further classified into bakery & confectionery, processed meat and others. The food segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to increasing health awareness about the nutritional benefits, and changing lifestyles.
North America is expected to dominate the market
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is anticipated to expand at a robust CAGR during the forecast period. High demand for baked goods, the presence of major players in these regions, and awareness about the benefits of using release agents are anticipated to boost the market growth over the coming years. However, Asia pacific is expected to exhibit a rapid growth rate in the coming years due to greater awareness and an increase in the production of processed food in the region.
Segments
The Global releasing agents market has been segmented on the basis of:-
Category
- Fluid Release Agents
- Solid Release Agents
Applications
- Food
- Pharmaceutical
- Industrial Application
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Companies
Competitive Landscape
Key players competing in the releasing agents market include Par-Way Tryson, AAK AB, Associated British Foods Plc, Avatar Corporation, Archer Daniels Midland Company and Mallet & Company.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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