Releasing Agents Market
The global releasing agents market is expected to register a CAGR of 4% by 2023. A release agent is a chemical used to prevent other materials from bonding to surfaces. It can provide a solution in processes involving mold release, die-cast release, plastic release, adhesive release, and tire and web release.
The global demand for releasing agents is increasing mainly due to the rise in demand for baked foods, which is a result of the changing lifestyles and growing health awareness among consumers. Convenience stores observed that consumers prefer bakery products over meat and other packaged foods. This growing demand for bakery foods and items has resulted in an increased demand for baking assistants such as release agents.
The food industry, majorly baking, has been facing problems with the stickiness of food products, which resulted in material loss and obstructions in production. Manufacturers have begun to use essential oils as release agents, but these oils remained on the surface of the product, resulting in low-quality products.
Rising demand for freshly baked goods, due to the increasing health awareness about the nutritional benefits, and changing lifestyles are expected to promote the consumption of release agents. Moreover, rising demand for frozen desserts from key European countries, including Switzerland, Denmark, and Sweden owing to product innovation by baked goods manufacturers on a domestic level, is likely to increase the demand for release agents over the forecast period.
The release agents market is segmented by application into bakery & confectionery, meat, processed food, and others. The market is also divided by composition into emulsifiers, vegetable oil, wax & wax esters, and antioxidants. By type, it is segmented into fluid, solid, and others (water-based, multifunctional, specialty release agents). The market is also fragmented by regions into North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW); which have been further segmented by their leading countries.
The release agents market is broadly segmented into four regions North America, Europe, Asia-Pacific, and Rest of the World. North America is the largest market for mold agents, followed by Europe. Asia-Pacific is expected to be the fastest-growing market during the forecast period. The primary factors driving the mold release market in Asia-Pacific is the growing industries in emerging economies like China and India.
The key players of global releasing agents market includes Archer Daniels Midland Company, Avatar Corporation, AAK AB, Münzing Chemie GmbH, Par-Way Tryson Company, Associated British Foods PLC, IFC Solutions, Inc., Lecico GmbH, Malletoil & Company and Masterol Foods Pty Ltd. amongst others.
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- Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market shares of major players along with the key strategies adopted for development in the past five years
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1.1 Research Methodology
1.2 Definition of the Market
1.3 Report Description
2. Market Over view
2.1 Market Trend
3.1.1 Increase in Global Demand for Baked Food Products
3.1.2 Increased Use of Release Agents in Baking Industry
3.1.3 Increased Use of Vegetable Oils as Natural Sources for Release Agents
3.2.1 International Rules and Regulations on the Use of Release Agents in Foods
3.2.2 Fluctuations in the Raw Material Prices
3.3.1 Changing Lifestyles, Increasing the Value of Baked Foods
3.3.2 Development of Emerging Economies
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. Market Segmentation
4.1 By Composition
188.8.131.52 Mono & Di-Glycerides
184.108.40.206 Sorbitan Esters
220.127.116.11 Stearoyl Lactylates
4.1.2 Vegetable oils
4.1.3 Wax & wax esters
4.2 By Application
4.2.1 Bakery & confectionery
18.104.22.168 Breads & Rolls
22.214.171.124 Cakes & Pastries
126.96.36.199 Cookies & Biscuits
4.2.3 Processed Foods
4.3 By Type
4.3.1 Fluid Release Agents
4.3.2 Solid Release Agents
188.8.131.52 Specialty Release Agents
4.4 By Geography
4.4.1 North America
4.4.4 South America
184.108.40.206 South Africa
5. Competetive Landscape
5.1 Most Adopted Strategies
5.2 Most Active Companies
5.3 Market Share Analysis
6. Company Profiles
6.1 Archer Daniels Midland Company
6.2 Avatar Corporation
6.3 AAK AB
6.4 Münzing Chemie GmbH
6.5 Par-Way Tryson Company
6.6 Associated British Foods PLC
6.7 Masterol Foods Pty Ltd
6.8 Malletoil & Company, Incorporation
6.9 Lecico GmbH
6.10 IFC Solutions, Inc.