Food Release Agents Market, By Category (Synthetic, Bio-based), By Application (Bakery, Confectionery, Meat and Meat Product, Beverages, Others), and By Geography (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023

Code : CMI5472

Pages :123

Formats :

Excel and PDF

Industry : Food and Beverages

Food Release Agents MarketSize and Trends

The global food release agents market size was valued at US$ 704.2 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.

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 US$ 475.4 million in 2020, and it is projected to reach US$ 538.1 million by 2026, recording a CAGR of 2.11% during the forecast period (2021-2030).

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 US$ 204.6 million in 2020, and it is projected to reach US$ 257 million by 2026, recording a CAGR of 3.90% during the forecast period (2021-2030).

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 US$ 308.2 million in 2020, and it is projected to reach US$ 341.7 million by 2026, recording a CAGR of 1.76% during the forecast period (2021-2030).

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 US$ 244.3 million in 2020, and it is projected to reach US$ 275.9 million by 2026, recording a CAGR of 2.08% during the forecast period.