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Release Agents Market Expected to Reach 1,131.3 Million USD by 2023, at a CAGR of 4.1%

11-26-2019 11:02 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

Release Agents Market

Release Agents Market

The release agents market is projected to grow at a CAGR of 4.1% from USD 925.4 million in 2018 to reach a value of USD 1,131.3 million by 2023. The function of release agents is to facilitate the release of foodstuffs from the surface of molds, baking sheets, pans, and tins during the baking and food manufacturing processes. Release agents form a thin layer on the surface of the mold and remain unaffected during production runs, preventing dough or parts of the baked product from adhering to the mold.

The global demand for release agents is on the rise, particularly in the bakery & confectionery industries. The demand is governed by the performance quality and functionality of the products. Increasing demand for release agents in the bakery & confectionery industries is one of the factors supporting the market development significantly.

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Increase in consumer awareness & health concerns

Changes in consumer preferences and increase in awareness of the health benefits of phospholipids has been observed due to globalization. The increase in consumer awareness has resulted in an increase in demand for release agents that are used by manufacturers of supplement products. The increase in the demand for pan dividing oil has led to an increase in the demand for release agents. Release agent manufacturers are focusing on the quality and safety of the products, which are mandated by several governments to be clinically tested and approved to be utilized to produce end-use products.
The liquid segment is estimated to account for the largest share in the release agents market in 2018.

Liquid release agents are used as a release aid for flexible, semi-rigid, and rigid polyurethanes. Brushable liquid wax is mainly used for airbrushing when large surface coverage is required. Liquid release agents are easy to use and can be applied directly to the surface of the mold, pan, or machine, making it the more preferred form.

The bakery segment is estimated to account for the largest share in the release agents market in 2018.

As the texture is of prime importance for consumers’ acceptability of food products, release agents are used to aid in the separation of food from a cooking container after baking or roasting. The use of release agents in the bakery industry helps manufacturers to reduce the production cycle time and also the labor cost incurred in cleaning pans, trays, and molds.

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Europe is estimated to dominate the release agents market in 2018.

European consumers are considered to be more health-conscious and pay increasingly close attention to the ingredients used in the food products they consume. This high level of awareness has resulted in the demand for natural and non-GMO foods in the region. The increasing demand for processed food is also one of the major factors driving the market in the European region.

In the Asia Pacific region, the use of release agents was low in proportion to its dense population. This can be attributed to the comparatively low sales of bakery and meat food products. Hence, there is still a huge untapped market for bakery and meat products, which is opening up opportunities for the release agents industry in this region.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as ADM (US), Avatar Corporation (US), Par-Way Tryson (US), AAK AB (Sweden), and Associated British Foods (UK). Apart from these companies, other release agents companies, such as Mallet & Company (US), DowDuPont (US), IFC Solutions. (US), Lecico (Germany), Lallemand (Canada), Masterol Foods (US), Puratos (Belgium), Zeelandia (Netherlands), DÜBÖR (Germany), Sonneveld (The Netherlands), and Bakels (Switzerland).

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MarketsandMarkets™ INC.
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Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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