NEW YORK, Aug. 27, 2015 /PRNewswire/ -- The global demand for baked goods is on the rise. Changing lifestyles and increasing health awareness are the main reason for the increasing demand for baked foods such as breads, pastries, cakes, and biscuits. Convenience stores have reported that consumers prefer bakery products over meat and other packaged foods. Donuts, specialty breads, pizza, and gourmet are among the fastest-growing product categories. This growing demand for bakery products has resulted in increased demand for bakery aids such as release agents.
Earlier release agents were used for non-food applications such as plastic molds, tire molds, and other industrial applications due to their harmful chemical composition. The food industry, mostly baking, was facing problems with stickiness of products as it resulted into material loss and delays in production. Manufacturers began using basic oils as release agents which remained on the surface of the product, resulting in low-quality products.
The release agents market studied in this report is segmented on the basis of application into bakery & confectionery, meat, processed food, and others (convenience food, functional food, dairy). The market is segmented on the basis of composition into emulsifiers, vegetable oil, wax & wax esters, and antioxidants. On the basis of type, it is segmented into fluid, solid, and others (water-based, multifunctional, specialty release agents). The market is also segmented on the basis of regions into North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW); and has been further segmented on the basis of their key countries.
The release agents market is projected to reach $1,002.8 million by 2020. It is projected to grow as a result of new products being launched in different applications and companies expanding their footprint in new geographic regions. The European region dominated the release agents market in 2014.
This report provides both, qualitative and quantitative analyses of the market for release agents. It includes market dynamics, trends, competitive strategies preferred by key market players, the driving factors that boost the growth of the release agents market, and restraints of the market. The report also studies the opportunities in the market for new entrants.
To maintain a competitive edge in the release agents market, the key players invest heavily in the launch and development of new products and in expansions. Leading players such as Par-Way Tryson (U.S.), Avatar Corporation (U.S.), AAK AB (Sweden), Archer Daniels Midland Company (U,S.), and Associated British Foods plc (U.K.) have been profiled in the report. The report also provides a complete analysis of the prominent companies and a chronology of developments with respect to new products launched and their applications.
SCOPE OF THE REPORT
Release Agents Market
On the basis of composition, the market is sub-segmented as follows:
- Emulsifiers (further segmented into mono & di- glycerides, lecithin, sorbitan esters, and stearoyl lactylates)
- Vegetable oils
- Wax & wax esters
On the basis of application, the market is sub-segmented as follows:
- Bakery & confectionery – (further segmented into breads & rolls, cakes & pastries, cookies & biscuits)
- Processed foods
On the basis of type, the market is sub-segmented as follows:
- Fluid release agents
- Solid release agents
- Others (water-based, multifunctional, and specialty release agents)
On the basis of region, the market is sub-segmented as follows:
- North America
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