Food release agents are used to prevent sticking of food items in cooking. These agents are used in different forms, depending on the type of food item. Food release agents are also used in manufacturing facilities to coat conveyor belts. This makes cleanup easier. In addition to helping food separate from packaging, they also reduce the risk of oxidation, which may spoil the product. Release agents can be chemical or organic.
Market Statistics:
The global Food Release Agents Market is estimated to account for US$ 704.2 Mn in terms of value by the end of 2021.
Global Food Release Agents Market: Drivers
Rising demand for vegetable oil is driving growth of the market. Vegetable oils contain natural ingredients and are used in cooking processes. These oil contains natural ingredients that can improve the quality of the product. These oils are used in many processes such as baking and cooking. Besides these, the market is also driven by innovation and consumer awareness. Consumers have begun to gravitate toward processed foods for better storage and convenience. With a rising trend towards healthier and more nutritious foods, the demand for release agents will continue to increase.
Global Food Release Agents Food Release Agents Market: Opportunities
Rapid urbanization is expected to provide lucrative growth opportunities over the forecast period. According to the United Nation, the world is becoming increasingly urbanized. Today, more than half of the global population lives in urban areas, while the urban share worldwide is rising from around one third in 1950 to around two thirds in 2050. Moreover, the increase in consumer awareness has pushed manufacturers to launch products with natural ingredients. This has led to a significant change in the way consumers consume and use ingredients.
Global Food Release Agents Market: Restraints
Developed economies have mandated ingredient labelling. There are various governing bodies that control the food industry. They have set stringent quality standards for ingredients. While the regulations in these countries may serve as a restraint to the market.
Covid-19 Impact Analysis:
The supply chain of the market was severely affected by the decreasing production of raw materials and social distancing norms during the pandemic. According to COPA-COGECA, a union of the two big agricultural umbrella organizations and the strongest interest group for European farmers, the production of rapeseed in the European Union was projected to reach 17 million metric ton, declining by 30%, in the marketing year 2020-2021, owing to reduction in planted area caused by the COVID-19 pandemic. This has negatively impacted the food release agents market.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/food-release-agents-market-5472
Key Takeaways:
The global food release agents market was valued at US$ 704.2 Mn in 2021 and is forecast to reach a value of US$ 973.2 Mn by 2030 at a CAGR of 3.67% between 2022 and 2030.
Biobased category segment held dominant position in the global food release agents market in 2021, accounting for 65.00% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global Food Release Agents Market Trends:
The rising consumer awareness regarding healthy diet and processed foods is one of the main trend of the food release agents market. Furthermore, the increased health consciousness among consumers is driving demand for gluten-free and sugar-free products. These products also feature high nutrition and are low in calories. In addition, people are also prone to getting attracted towards convenience food, which helps them save time and money. This is due to its convenience and ease of preparation. Moreover, the introduction of low-sugar and vegan bakery products will drive the demand for release agents in the confectionary market.
The growing population of millennials is shifting their lifestyles toward the consumption of baked snack goods. Additionally, increasing disposable income is boosting the demand for confectionery products across the globe. With the growing population, the working class is looking for easy-to-make and inexpensive food. This is another major trend augmenting market growth.
Global Food Release Agents Market: Competitive Landscape
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
