The global food release agents market size was valued at USD 704.20 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 3.67% from 2022 to 2030. The food release agents market is projected to rise at rapid pace and this is due to the rise in the consumption of processed foods. Increasing consumer awareness about healthy eating has also been a major factor driving the industry growth. Moreover, rising demand for bakery products and the introduction of nutritious and vegan bakery products are again expected to boost growth of the release agents market. Besides, the rise in disposable income has further boosted the market for confectionery products. However, the stringent international regulations will hinder growth of the market.
Global Food Release Agents Market: Regional Insights
Regionally, the North America market is expected to dominate the global food release agents market. This is due to the fact that the region has significant market players and provides a wide range of release agents. The US is a large contributor to the release agents market. Aside from providing a wide range of release agents, the United States is also a major market for meat and processed food. Moreover, the demand for processed food is increasing owing to the growing awareness about healthy eating. However, high prices of raw materials hinder the market growth.
The Asia Pacific region is also anticipated to contribute to the development of the release agents market. The food processing industry is growing rapidly in this region. As a result, this is a significant contributor to the rise of the Asia-Pacific release agents market. Moreover, the increasing need for cosmetics and pharmaceuticals will help the region to develop further. Furthermore, the rising construction sector in the Asia-Pacific region is another major contributor to the development of the release agents market.
Figure 1. Global Food Release Agents Value Share (%), By Region, 2021
Global Food Release Agents Market Drivers:
Wide Application and Functionality of Food Release Agents Is Fuelling Market Growth
These agents are widely used in processed food such as dried, cooked, canned, frozen food. These releasing agents are applied to the surface of the pan or mold to enable easy handling. They are available in liquid form and are easy to apply. Therefore, they are highly preferred by manufacturers. Additionally, they are known to help enhance the quality of the baked product.
Increasing Innovation in Packaging Material to Propel Market Growth
Growing demand for convenience food is directly impacting the demand for innovative packaging. Also, rising demand for bakery products is augmenting demand for releasing agents. Thus, increased consumption of confectionery products worldwide is expected to favor the market growth of food release agents over the forecast period.
Global Food Release Agents Market Opportunities:
Emergence of organic food release agents is projected to provide significant potential market opportunities for players. For instance, in October 2021, Avatar Corp. partnered with Spraying Systems Co. to optimize performance of its release agents. The collaboration combines Spraying Systems’ Precision Spray Technology with Avatar’s release agents, which are tailored to affect clean and consistent release of food products from equipment surfaces using a minimum amount of product.
The rise in industrial food production is another factor expected to create lucrative growth opportunities. Moreover, consumers are changing their eating habits. They are opting for healthier and more convenient options. Hence, this is also driving growth of the release agent market. On the other hand, the rising use of vegetable oils as release agents in the baking industry is also contributing to its growth. Apart from these, rising consumer awareness about healthy eating and consuming convenience foods are other important drivers fuelling market growth.
|Base Year:||2021||Market Size in 2021:||US$ 704.20 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||3.67%||2030 Value Projection:||US$ 973.18 Mn|
IFC Solutions, Archer-Daniels-Midland Co., Bunge Limited, Avatar Corporation, Par-Way Tryson, Lasenor Emul SL, Maverik Oils LLC, The Bakels Group, Vantage, Specialty Chemicals, Bundy Baking Solutions, DÜBÖR Groneweg GmbH & Co. KG, and Cargill Incorporated
|Restraints & Challenges:||
Global Food Release Agents Market Trends:
The trend of consumer’s preference for low-fat products is rapidly rising. For this key players are planning marketing campaigns to highlight their use and health benefit claims. For instance, Cargill produces “Lecithin” (available across the globe, including in Middle East and Africa), which is a versatile and label-friendly ingredient that not only serves as an excellent emulsifying ingredient, but its inherent release properties also make it an effective release agent for food manufacturing and cooking.
Growing popularity of high-protein diets among athletes and fitness enthusiasts could be another major trend for this market. Due to this, players are investing in new meat-based goods, as well as increased advertising campaigns, which are expected to improve sales of. Chicken, beef, and pork. Hence, the on- going demand for meat-based goods is projected to augment the food release agents market.
Global Food Release Agents Market Restraints:
Strict Regulation Regarding The Food Safety
Strict regulation regarding the food safety is projected to hinder the market growth. For instance, International bodies such as the National Food Safety and Quality Service (SENASA), Canadian Food Inspection Agency (CFIA), US Food and Drug Administration (FDA), and Committee on the Environment, Public Health and Food Safety (EU) are associated with food safety regulations. These bodies have control over the use of various chemicals and ingredients used in food processing industry.
Increasing Price Of Raw Materials
The prices of raw materials is volatile due to various reasons such as climatic changes and fluctuating price of crude oil. This resulting in uncertainty in the market as the price of raw materials affects the price of the release agents, which in turn impacts the price of the end products in the global market. However, emergence of natural alternative could open new avenue for the market.
Figure 2. Global Food Release Agents Market Value Share (%), By Category, 2021
Global Food Release Agents Market Segmentation:
The global food release agents market report is segmented into category, application, and geography
Based on category, the market is segmented into Synthetic and Bio-Based. Out of which, Bio-Based is expected to dominate the global market over the forecast period and this is attributed to the growing trend of using vegetable oil which contain natural ingredients. The Bio-Based segment in market studied was valued at USD 475.43million in 2020, and it is projected to reach USD 538.14 million by 2026, recording a CAGR of 2.11% during the forecast period (2021-2026).
Synthetic segment is also expected to witness significant growth in the near future owing to the better performance in high temperature conditions. The Synthetic segment in market studied was valued at USD204.57 million in 2020, and it is projected to reach USD257.03 million by 2026, recording a CAGR of 3.90% during the forecast period (2021-2026).
Based on application, the market is segmented into Bakery, Confectionery, Meat and Meat Product, Beverages, and Others. Out of which, Bakery is expected to dominate the global market over the forecast period and this is attributed to the growing consumption of bakery products such as bread, pastries, donuts, cakes, and pies in urban areas. Baking release agents play an important role in the baking process. The Bakery segment in market studied was valued at USD 308.22 million in 2020, and it is projected to reach USD 341.69 million by 2026, recording a CAGR of 1.76% during the forecast period (2021-2026).
Confectionery segment is also expected to witness significant growth in the near future. These release agent are used to eliminate the stickiness onto the surfaces of the packaging materials and equipment. The confectionery segment in market studied was valued at USD 244.31 million in 2020, and it is projected to reach USD 275.92 million by 2026, recording a CAGR of 2.08% during the forecast period.
Global Food Release Agents Market: Key Developments
In September 2020, Avatar Corp has 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 is capable of withstanding extreme processing temperatures.
In February 2019, Lasenor Emul, SL formed a joint venture with Simmons Grain Co; the aim is to produce in Salem, OH, United States, a full set of Organic Soya Lecithin products, suitable for different Food and Feed applications.
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.
Global Food Release Agents Market: Key Companies Insights
The global food release agents market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global food release agents market are IFC Solutions, Archer-Daniels-Midland Co., Bunge Limited, Avatar Corporation, Par-Way Tryson, Lasenor Emul SL, Maverik Oils LLC, The Bakels Group, Vantage, Specialty Chemicals, Bundy Baking Solutions, DÜBÖR Groneweg GmbH & Co. KG, and Cargill Incorporated
*Definition: Food Release Agents are ingredients that are used in food production. These agents help in demolding and coating of food products. They prevent food from sticking to cooking surfaces or packaging. There are several different types of release agents available. They are used by different industries.
Food release agents are an essential part of the baking procedure. They are used to prevent baked products from sticking to the surface or mold. In food manufacturing, they are used to coat the product, the pan or the conveyor belt. Release agents are typically categorized into synthetic and bio-based. These types of release agents are suited for different kinds of foods and food products.
The growth of the market is driven by factors such as introduction of nutritious bakery products and rise in consumer disposable income. Moreover, the growing use of organic agents will also contribute to the market growth. Moreover, growth of the food processing industry, cosmetics, bakery and confectionery products, and pharmaceuticals are other major factors expected to propel market growth.
However, the rising cost of raw materials is expected to restrict the market growth over the forecast period.
Key features of the study: