Market Size of Release Agents Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 2.67 % |
Fastest Growing Market | South America |
Largest Market | Europe |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Releasing Agent Market Analysis
The global release agent market was valued at USD 697.05 million in 2021, and it is projected to witness a CAGR of 2.67% during the forecast period (2022-2027).
With the impact of COVID-19, the market was impacted by the change in consumption patterns and stockpiling of processed foods. The market's supply chain was vastly affected by the falling production of raw materials and social distancing measures due to the pandemic. The change in consumer lifestyle, busy schedules, and health concerns worldwide, led consumers to incline toward processed foods for food safety and storage. Processed food such as cooked, dried, canned, and frozen food needs some release agents that aid in separating food from pan, tray, and other packaging materials.
Bakery release agent leads the market with several categories such as trough grease, divider oil, bread pan oil, pan grease, and specialty release agents, which helps to eliminate sticking points, make the mold or tray hydrophobic, and form an uninterrupted film between the surfaces. The use of fatty acid in vegetable oil helps oxidation stability and has a propensity to polymerization.
Releasing Agent Industry Segmentation
Release agents, or parting agents, are substances used in production facilities as a barrier between the product and the mold, belt, or pan. A release agent is used to coat the surface where the product will be sitting so that the high temperatures and chemicals don't make the products stick to the surface. This substance also serves to stop the food items from getting contaminated with the material of the surfaces that they sit on. The market is segmented by composition, application, form, and geography. Based on composition, the market is segmented as emulsifiers, antioxidants, vegetable oils, wax and wax esters, and others. By application, the market is segmented into Bakery, confectionery, meat and meat products, and others, while by form, it is segmented into liquids and solids. The report also includes an analysis based on Geography, which includes regions like North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. The report offers the market size and forecasts in value (USD million) for all the above segments.
By Composition | |
Emulsifiers | |
Antioxidants | |
vegetable Oils | |
Wax and Wax Esters | |
Others |
By Application | |
Bakery and Confectionery | |
Meat and Meat Products | |
Other Applications |
By Form | |
Liquid | |
Solid |
Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Release Agents Market Size Summary
The global release agent market is experiencing steady growth, driven by the increasing demand for convenience foods and bakery products. The market, which faced challenges due to the COVID-19 pandemic, has rebounded as consumer preferences shifted towards processed foods for safety and storage. Bakery release agents, including trough grease, divider oil, and specialty agents, are leading the market by preventing sticking and enhancing product quality. The rise in consumer awareness and health concerns, along with a preference for natural ingredients, is further propelling the market. Technological advancements and new product launches have expanded the applications of release agents in the food and beverage sector, contributing to market expansion.
In South America, the release agent market is bolstered by the growing food and beverage industry in countries like Chile, Colombia, and Peru. The increasing per capita income and snacking trends are driving the demand for bakery, confectionery, and convenience foods. The market is characterized by high competition, with numerous regional and global players such as Archer Daniels Midland Company, Cargill Incorporated, and Bunge Limited. These companies are focusing on innovation and expanding their distribution networks to meet the rapidly changing consumer demands. Recent developments, like Avatar Corp's ProKote 5022-AO and Bundy Baking Solutions' Synova LLC, highlight the industry's commitment to offering advanced and allergen-free release agents.
Release Agents Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Composition
-
2.1.1 Emulsifiers
-
2.1.2 Antioxidants
-
2.1.3 vegetable Oils
-
2.1.4 Wax and Wax Esters
-
2.1.5 Others
-
-
2.2 By Application
-
2.2.1 Bakery and Confectionery
-
2.2.2 Meat and Meat Products
-
2.2.3 Other Applications
-
-
2.3 By Form
-
2.3.1 Liquid
-
2.3.2 Solid
-
-
2.4 Geography
-
2.4.1 North America
-
2.4.1.1 United States
-
2.4.1.2 Canada
-
2.4.1.3 Mexico
-
2.4.1.4 Rest of North America
-
-
2.4.2 Europe
-
2.4.2.1 Germany
-
2.4.2.2 United Kingdom
-
2.4.2.3 France
-
2.4.2.4 Russia
-
2.4.2.5 Spain
-
2.4.2.6 Rest of Europe
-
-
2.4.3 Asia-Pacific
-
2.4.3.1 India
-
2.4.3.2 China
-
2.4.3.3 Japan
-
2.4.3.4 Rest of Asia-Pacific
-
-
2.4.4 South America
-
2.4.4.1 Brazil
-
2.4.4.2 Argentina
-
2.4.4.3 Rest of South America
-
-
2.4.5 Middle-East & Africa
-
2.4.5.1 United Arab Emirates
-
2.4.5.2 South Africa
-
2.4.5.3 Rest of Middle-East & Africa
-
-
-
Release Agents Market Size FAQs
What is the current Release Agents Market size?
The Release Agents Market is projected to register a CAGR of 2.67% during the forecast period (2024-2029)
Who are the key players in Release Agents Market?
Archer Daniels Midland Company, Cargill Incorporated, Lallemand Inc., IFC Solutions, Inc. and Bunge Limited are the major companies operating in the Release Agents Market.