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Release Agent Market growth will be driven by increasing demand in the food industry by 2024

Author : Ronak Bora | Published Date : 2019-04-02 

Global Market Insights, Inc. presents an extensive report on release agent market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

Release Agent Market size is expected to witness a surge in demand owing to increase demand in end use application in food industry. Health awareness and increased disposable income, upsurge in baking industry and high demand for baked food & confectionery items like pastries, biscuits and cakes are key growth driver for release agent market.

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Changing lifestyle among consumers now are shifting to bakery food over packaged food. Pizza, gourmet, donuts and specialty breads are fastest consumed product in this category which in turn has raised the demand for release agent in food and baking industry. Former non-food applications of product market were plastic & tire molds, pharmaceutical, paper and rubber industry. Earlier, baking industries were facing difficulties in baking products but using these products have revolutionized the outlook of release agent market.

Hectic schedule, lack of time management and health conscious people are persuading process food coupled with safety and easy storage. Processed meals including dried, fried, cooked, frozen and canned food need some release agent to avoid the direct bonding between two surfaces. Easy application by spraying on this materials will further enhance the release agent market.

Based on its composition, release agent market is segmented into vegetable oils, emulsifiers, antioxidants and wax & wax esters. Further, emulsifiers is sub-segmented into lecithin, stearoyl lactylates, sorbitan esters and mono & di-glycerides.  Wax and emulsified waxes are mostly used product due to their high controlling viscosity and distribution property on the surfaces.

Release agent market can be categorized based on its form into solid, fluid, water based, specialty and multifunctional release agent. On the basis of its application product market is divided into meat, processed foods and bakery & confectionery. Among these, bakery & confectionery holds are major share due to its wide range of applications in cakes, pastries, rolls, breads, cookies and biscuits.

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Asia-Pacific is expected to be the fastest growing release agent market over the forecasted years. Emerging economies with growing population including China and India, will support the market growth owing to high consumption of processed and packaged food in the region. Low land and labour cost will attract many food processing units in turn creating huge opportunities for the product market. Also, improving economic conditions and high disposable income in middle class population will strengthen the market growth during the forecasted period.

Global release agent market is moderately fragmented in nature with presence of various local and international manufacturers including AAK, Bunge, Avatar, Par-Way Tryson, Archer Daniels Midland and Associated British Foods. Other leading companies across the globe are DuPont, Mallet, Dow Corning, Masterol Foods, Munzing Chemie and Lecico.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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