The growth of the Releasing Agents market is driven by the increasing demand for Releasing agents in the bakery and pastry industries.
The Releasing Agents Market is forecasted to grow from USD 1.08 Billion in 2020 to USD 1.55 Billion by 2028, at a CAGR of 4.6%, during the forecast period. The market is primarily driven by the increase in demand for baked-food products globally.
Consumer acceptance of baked food items has fuelled demand for the market in bakery and confectionery, resulting in an increased demand for Releasing agents. The increasing use of Releasing agents in the confectionery and bakery industry due to the issue of products being stuck on the equipment has led the manufacturers to look to the use of Releasing agent to prevent the stickiness problem, thus fuelling the demand for Releasing agents on the global market.
Developing countries like India, China, Argentina, Brazil, Chile, and Indonesia are likely to contribute more to the market for Releasing agents in the coming years due to the changing consumer lifestyle in terms of food habits backed by high purchasing power.
The rising price of raw materials for Releasing agents such as vegetable oil is a major factor inhibiting the growth of the global market for Releasing agents.
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Key Companies in the market include: Avatar Corporation (US), Archer Daniels Midland Company (US), AAK AB (Sweden), Cargill (US), Dowdupont (US), Par-Way Tryson Company (US), Associated British Foods PLC (UK), Mallet & Company, Inc. (US), IFC Solutions, Inc. (US) and Lecico GmbH (Germany).
Some Key Profiles in the Report:
The Releasing Agents Market is forecasted to grow from USD 1.08 Billion in 2020 to USD 1.55 Billion by 2028, at a CAGR of 4.6%, during the forecast period. The market is primarily driven by the increase in demand for baked-food products globally.
Based on type, the market for liquid segment is expected to hold the largest market at USD 615.5 Million in 2026, at a CAGR of 5.4% during the forecast period. In addition to processed meat and convenience food, the use of liquid Releasing agents for bakery and confectionery applications is constantly growing. Many specific liquid Releasing agents have been introduced that are available in spray boxes to allow ease of use.
The market for bakery segment held the largest share in 2018 and is expected to reach USD 634.4 Million in 2026, at a CAGR of 4.9% during the forecast period owing to the increased demand for baked goods. Baked products are classified into three broad segments: bread, biscuits and cakes; high demand is witnessed, mainly because of their low price, ease of production and increased popularity (due to their taste, nutritional value, varieties and ease of availability), making them a vital part of several meals.
The market for vegetable oils is expected to reach USD 447.6 Million in 2026, at a CAGR of 5.1% during the forecast period. Recently, demand for non-hydrogenated vegetable oils has risen as it helps to increase the final product's shelf-life.
The market for Europe held the largest market share in 2018 and is expected to reach USD 447.6 Million in 2026, at a CAGR of 5.1% during the forecast period. Because of the high demand for baked goods, the presence of key players in these regions and awareness of the benefits of using Releasing agents has increased. Asia Pacific is projected to be the fastest-growing market during the forecast period due to increased awareness and increased production of processed food.
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Market Segmentation:
Type (Kilo Tons) (Revenue, USD Million; 2018-2028)
- Solid
- Liquid
- Water-Based Releasing Agents
Ingredient Type (Kilo Tons) (Revenue, USD Million; 2018-2028)
- Vegetable oils
- Emulsifiers
- Wax & wax esters
- Antioxidants
Application (Kilo Tons) (Revenue, USD Million; 2018-2028)
- Bakery
- Breads
- Cakes & Pastries
- Cookies & Biscuits
- Confectionery Products
- Processed Meat
Regional Outlook:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key questions covered in the global Releasing Agents market report:
- What is the expected market size of the global Releasing Agents market during the forecast period?
- What factors are expected to hamper global Releasing Agents market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Releasing Agents market?
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