Releasing Agent Market Size
| 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 |
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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 Market Trends
This section covers the major market trends shaping the Release Agents Market according to our research experts:
Rising Food Consumption and Innovation in Packaged Foods
The increase in consumer preference for convenience foods directly contributes to the demand for release agents required at production facilities. These agents are used as barrier agents between the product and the mold, belt, or pan in convenience food products such as bakery and confectionery products, RTE (Ready To Eat Food Products), spreads, sauces, and others. In addition, technological advancements and new product launches have made food release agents available for a wide range of applications in the food and beverage sector, actively driving the growth of the market studied.
This growing demand for bakery products has increased the demand for bakery aids such as release agents. The prime intention of incorporating release agents is to prevent the bonding of exterior materials to main products. The growth in demand for natural sources of ingredients, research & development-driven innovation, and increase in consumer awareness & health concerns is driving the global release agents market. The growing millennial population demands more options in the 'on-the-go' food category, which has proven to be a boon for the global bakery market. The working class requires more on-the-go foods such as rolls, sandwiches, and croissants in large cities. Hence, in-store bakeries and artisanal bakeries' sales are soaring. Growing demand for various products, including donuts, bread, cakes, pastries, and pies, is expected to drive the release agents market growth during the forecast period.
South America Remains to be Fastest Growing Market
The South American market is primarily driven by the growth of the food and beverage industry in developing economies like Chile, Colombia, and Peru. The rise in per capita income and the trend of snacking between meals have driven the demand for bakery and confectionery products, convenience foods, and dairy and frozen products. The increasing consumer preference for various bakery products and the growing concern among people for healthy dietary supplements are expected to increase the demand. New applications and innovations in developed economies to produce quality products are expected to drive the demand further.
Consumers are shifting their preferences toward healthier, gluten-free foods. This is a primary driving force in the leavening agent business. Bread is consumed by the majority of people in the country. The usage of release agents in bread helps allow the smooth release of the baked product from the bread pan fueling the expansion of the release agents' industry.
Releasing Agent Industry Overview
The release agent market witnesses high competition due to the presence of a considerable number of regional and global players. An advanced distribution network gives an upper edge to the manufacturers to expand their range of products across the globe. Moreover, it is crucial for players to continuously innovate to operate and grow in the market due to the rapidly changing consumer demands and preferences. Archer Daniels Midland Company, Cargill Incorporated, IFC Solutions, Inc., and Bunge Limited are some of the major players offering releasing agents worldwide.
Releasing Agent Market Leaders
Archer Daniels Midland Company
Cargill Incorporated
Lallemand Inc.
IFC Solutions, Inc.
Bunge Limited
*Disclaimer: Major Players sorted in no particular order
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Releasing Agent Market News
In September 2020, Avatar Corp created ProKote 5022-AO, a water-miscible release agent for organic food processors; ProKote 5022-AO is allergen-free and contains only naturally derived ingredients. It has a high smoke and flash point and can withstand extreme processing temperatures.
In May 2019, Bundy Baking Solutions launched Synova LLC, a new business that manufactures and distributes release agents for bakeries. Based in Westerville, Ohio, Synova joins Bundy Baking Solutions' family of companies, which includes American Pan, Chicago Metallic, Pan Glo, RTB, and Shaffer.
Releasing Agent Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Defnitions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Composition
5.1.1 Emulsifiers
5.1.2 Antioxidants
5.1.3 vegetable Oils
5.1.4 Wax and Wax Esters
5.1.5 Others
5.2 By Application
5.2.1 Bakery and Confectionery
5.2.2 Meat and Meat Products
5.2.3 Other Applications
5.3 By Form
5.3.1 Liquid
5.3.2 Solid
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East & Africa
5.4.5.1 United Arab Emirates
5.4.5.2 South Africa
5.4.5.3 Rest of Middle-East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Archer Danelis Midland Company
6.3.2 Cargill Incorporated
6.3.3 IFC Solutions, Inc.
6.3.4 Lallemand
6.3.5 Bunge Limited
6.3.6 Masterol Foods Pvt Ltd
6.3.7 Mallet & Company Inc
6.3.8 The Bakels Group
6.3.9 Bundy baking Solutions
6.3.10 Avatar Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
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 | ||||||||
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Releasing Agent Market Research 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.
Which is the fastest growing region in Release Agents Market?
South America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Release Agents Market?
In 2024, the Europe accounts for the largest market share in Release Agents Market.
What years does this Release Agents Market cover?
The report covers the Release Agents Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Release Agents Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Releasing Agents Industry Report
Statistics for the 2024 Releasing Agents market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Releasing Agents analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
