Global Release Agents Market by Ingredient, Application, Form, Function and Region – Forecast to 2023 – ResearchAndMarkets.com

The “Release
Agents Market by Ingredient (Emulsifiers, Vegetable Oils, Wax & Wax
Esters, and Antioxidants), Application (Bakery, Confectionery, Processed
Meat, and Convenience Food), Form (Liquid and Solid), Function, and
Region – Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s
offering.

The release agents market is estimated at USD 925.4 million in 2018, and
projected to grow at a CAGR of 4.1%, to reach USD 1,131.3 million by
2023.

The market is primarily driven by the rise in demand for baked goods.
Changing lifestyles and increasing health awareness are the main reasons
for the increasing demand for baked foods such as breads, pastries,
cakes, and biscuits. Convenience stores have reported that consumers
prefer bakery products over meat and other packaged foods. Donuts,
specialty breads, pizzas, and gourmet foods are among the
fastest-growing product categories.

This growing demand for bakery products has resulted in increased demand
for bakery aids such as release agents. Asia Pacific is projected to be
the fastest-growing regional market. Asian countries, especially China,
have emerged as leading destinations, thereby facilitating the market
shift from developed economies to developing economies.

One of the major restraints in the growth of the release agents market
is the international regulations governing the use of release agents in
food.

On the basis of form, the release agents market was led by the liquid
segment. Liquid agents are preferred across the globe due to their ease
of use and reduction of the cost of cleaning and labor in the food
processing industries; hence, the market for the liquid segment is
estimated to account for the larger share in 2018.

Based on the ingredient, the vegetable oil segment is estimated to
account for the largest share in the release agents market in 2018. In
the food industry, the trend of using release agents such as vegetable
oils, which contain natural ingredients, is rising, particularly in
developed regions. Vegetable oils and emulsifiers are the two dominant
segments in the global release agents market due to their superior
releasing properties and easy availability.

Based on the application, the bakery segment is projected to be the
fastest-growing during the forecast period. This segment is rapidly
growing mainly due to the increasing demand for convenience food, in
which release agents are considered as food additives. In the food
industry, the demand for bakery food products is growing due to changing
lifestyles and eating habits.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20180713005162/en/

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