Global Release Agents Market Forecast to 2023 - Driven by the Increased Use of Release Agents in the Baking Industry

DUBLIN, July 13, 2018 /PRNewswire/ --

The "Release Agents Market by Ingredient (Emulsifiers, Vegetable Oils, Wax & Wax Esters, and Antioxidants), Application (Bakery, Confectionery, Processed Meat, and Convenience Food), Form (Liquid and Solid), Function, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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 market development significantly.

The variations with regard to the quality of grades of raw materials such as vegetable oil, wax & wax esters, and emulsifiers determine the final application of the release agents in the food and non-food sectors.

The release agents market is segmented on the basis of the application into bakery products, confectionery products, processed meat, and convenience food. The bakery segment dominated the release agents market, this segment accounted for the largest share in 2017, due to the increase in demand for baked goods. Baked products are classified into three broad segments: bread, biscuits, and cakes; they witness high demand, mainly due to their low price, ease of production, and increasing popularity (due to their taste, nutritional value, varieties, and ease of availability), making them a vital part of several meals.

The market is segmented on the basis of form into liquid release agents and solid release agents. The use of liquid release agents for bakery and confectionery applications, along with processed meat and convenience food, is constantly growing. Many specific liquid release agents have been introduced, which are available in spray cans to enable ease of application.

On the basis of ingredients, the release agents market is segmented into emulsifiers, vegetable oils, wax & wax esters, and antioxidants. Different ingredients and a specific manufacturing process are chosen, depending on the properties of the ingredients and the desired end application. Recently, the demand for non-hydrogenated vegetable oils has been on the rise, as it helps increase the shelf-life of the final product.

The market is also segmented on the basis of the regional presence into North America, Europe, Asia Pacific, and Rest of the World (RoW); and has been further segmented on the basis of their key countries.

Europe and North America are the dominant regions in the release agents market in 2017, owing to the high demand for baked goods, the presence of major players in these regions, and awareness about the benefits of using release agents. However, Asia Pacific is projected to be the fastest-growing market during the forecast period, due to greater awareness and increase in production of processed food in the region.

Asian countries, especially China, have emerged as leading destinations, thereby facilitating the market shift from developed economies to developing economies. In relatively saturated markets such as the US and Europe, value-based pricing and raw material sourcing have emerged as major strategies for companies looking to establish a strong foothold in these markets.

Vegetable oils are the base used for the production of release agents; hence, the prices of the release agent products depend on the market price of vegetable oils. The ever-increasing prices of vegetable oils pose a restraint to the release agent manufacturers, and by extension, the release agents market.

Companies such as ADM (US), Par-Way Tryson (US), Avatar Corporation (US), and AAK AB (Sweden) acquired leading market positions through the provision of a broad portfolio, catering to the varied requirements of the market, along with a focus on the diverse end-user segments. They are also focused on innovation and are geographically diversified.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Periodization
1.5 Currency
1.6 Units
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries, By Company Type, Designation, and Region
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Release Agents Market
4.2 Release Agents Market Size, By Region (KT)
4.3 European Release Agents Market Share, By Ingredient & Country, 2018
4.4 Release Agents Market, Fastest-Growing Countries in Each Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Use of Release Agents in the Baking Industry
5.2.1.2 Growth in Demand for Natural Sources of Ingredients
5.2.1.3 Research & Development Driving Innovation
5.2.1.4 Increase in Consumer Awareness & Health Concerns
5.2.2 Restraints
5.2.2.1 International Regulations Governing the Use of Release Agents in Food
5.2.3 Opportunities
5.2.3.1 Emerging Markets Illustrating High Potential for Food Release Agents
5.2.4 Challenges
5.2.4.1 Approval From Various Regulatory Bodies
5.2.4.2 Rise in Prices of Raw Materials Such as Vegetable Oils
5.3 Supply Chain Analysis
5.4 Patent Analysis
5.5 Pest Analysis
5.5.1 Political/Legal Factors
5.5.1.1 Government Regulations
5.5.2 Economic Factors
5.5.2.1 Fluctuating Raw Material Prices
5.5.2.2 Rise in Disposable Incomes in Emerging Economies
5.5.3 Social Factors
5.5.3.1 Release Agents Causing Allergies
5.5.4 Technological Factors
5.5.4.1 Selection of Release Agents
5.5.4.2 Expansion of Operational Capabilities of Key Market Players

6 Release Agents Market: Regulatory Framework
6.1 Introduction
6.2 Food and Drug Administration
6.3 Food Standards Australia New Zealand (FSANZ)

7 Release Agents Market, By Ingredient
7.1 Introduction
7.2 Vegetable Oils
7.3 Emulsifiers
7.3.1 Mono & Di-Glycerides
7.3.2 Lecithin
7.3.3 Sorbitan Esters & Stearoyl Lactylates
7.3.4 Other Emulsifiers
7.4 Wax & Wax Esters
7.5 Antioxidants
7.6 Other Ingredients

8 Release Agents Market, By Application
8.1 Introduction
8.2 Bakery Products
8.2.1 Breads
8.2.2 Cakes & Pastries
8.2.3 Cookies & Biscuits
8.2.4 Other Bakery Products
8.3 Confectionery Products
8.4 Processed Meat
8.5 Other Applications

9 Release Agents Market, By Form
9.1 Introduction
9.2 Liquid
9.3 Solid

10 Release Agents Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Netherlands
10.3.5 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 Rest of Asia Pacific
10.5 Rest of the World (RoW)
10.5.1 South America
10.5.2 Middle East & Africa

11 Competitive Landscape
11.1 Overview
11.1.1 Key Market Strategies
11.2 Competitive Scenario
11.2.1 Expansions & Investments
11.2.2 Mergers & Acquisitions
11.2.3 Agreements, Partnerships, Collaborations, and Joint Ventures
11.2.4 New Product Launches

12 Company Profiles
12.1 Archer Daniels Midland Company
12.2 AAK AB
12.3 Cargill
12.4 Dowdupont
12.5 Avatar Corporation
12.6 Par-Way Tryson Company
12.7 Associated British Foods PLC
12.8 Mallet & Company, Inc.
12.9 IFC Solutions, Inc.
12.10 Lecico GmbH
12.11 Lallemand
12.12 Masterol Foods Pty Ltd
12.13 Puratos Group NV
12.14 The Bakels Group
12.15 Koninklijke Zeelandia Group B.V.
12.16 Dbr Groneweg GmbH & Co. KG
12.17 Sonneveld Group BV

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