The Release Agents Market is forecasted to grow from USD 964.5 Million in 2018 to USD 1.40 Billion by 2026, 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 release agents. The increasing use of release 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 release agent to prevent the stickiness problem, thus fuelling the demand for release agents on the global market.
Developing countries like India, China, Argentina, Brazil, Chile, and Indonesia are likely to contribute more to the market for release 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 release agents such as vegetable oil is a major factor inhibiting the growth of the global market for release agents.
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Top Companies Profiled in the Report: 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).
The Release Agents market research report highlights the major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It elaborates on various aspects these regional markets, such as shifting consumer tastes & preferences, fluctuations in supply & demand, changing production & consumption patterns, and revenue growth rate of each market. In addition, the report analyzes the current position of each player in the Release Agents market leveraging various analytical tools such as Porter’s Five Forces analysis, SWOT analysis, and Capacity Utilization analysis.
Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Solid
- Liquid
- Water-Based Release Agents
Ingredient Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Vegetable oils
- Emulsifiers
- Wax & wax esters
- Antioxidants
Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Bakery
- Breads
- Cakes & Pastries
- Cookies & Biscuits
- Confectionery Products
- Processed Meat
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The materials & chemicals industry consists of companies that engage in the manufacture of a wide range of industrial and commercial products using various chemicals and raw materials such as oil, natural gas, metals, and minerals. Growing demand for consumer products such as soaps, perfumes, detergents, extensive usage of chemicals and raw materials in industries including buildings & construction, food & beverage, and agriculture, and increasing demand for environmentally sustainable raw materials and chemicals are among the key drivers for the industry growth. Rising environmental awareness, technological advancements in various chemical products, development of organic chemicals and materials, growing use of high-performance agrochemicals and specialty chemicals are other major factors bolstering the growth of this industry.
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