FOOD RELEASE AGENTS MARKET ANALYSIS

Market Challenges And Opportunities

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.

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.