North America & Europe Release Agents Market To Cross $719.0 Million By 2024: Grand View Research, Inc.

North America & Europe Release Agents Market To Cross $719.0 Million By 2024: Grand View Research, Inc.

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According to report published by Grand View Research,Rising use of these products to prevent bonding of exterior materials to numerous food items including baked goods is expected to have a positive impact over the next eight years.

According to a report,“North America And Europe Release Agents Market Analysis By Raw Material [Emulsifiers (Mono, Diglycerides & Derivatives, Lecithin, Sorbitan Esters, Stearoyl Lactylates), Wax & Wax Derivatives, Vegetable Oil, Antioxidants], By Product (Liquids, Solids), By Application [Bakery & Confectionary (Rolls & Breads, Cookies & Biscuits, Desserts), Meat Products, Packaged Foods] And Segment Forecasts To 2024”, published by Grand View Research, Inc.,The north america & europe release agents market is expected to reach USD 719.0 million by 2024. Rising demand for freshly baked goods including bread, pastries, cakes and biscuits on account of increasing health awareness towards nutritional benefits and changing lifestyle is expected to promote the consumption of release agents. Furthermore, rising demand for frozen desserts from key European countries including Switzerland, Denmark, and Sweden owing to product innovation by baked goods manufacturers on a domestic level is likely to increase the demand for release agents over the forecast period.

Release agents in the solid form are used in a broad range of products in the food industry including cheese sauces, chewing gum, and pasta. These products have a higher resistance to deterioration in storage, which is a major driver for the product growth. The product segment is expected to foresee volume growth, at a CAGR of 2.2% from 2016 to 2024.

Key Takeaways from the report:

  • Vegetable oils, in the form of coconut oil, grapeseed oil, soy oil, canola oil, and mustard oil, are popular choices as raw materials for the production of release agents. The segment is expected to witness volume growth at a CAGR of 2.3% from 2016 to 2024 on account of high market visibility and ease of incorporation in spray systems.

  • Release agents market volume in rolls & breads was 211.1 kilo tons in 2015. Increasing consumption of gluten-free bread in the U.S., Canada, Germany, and France on account of rising concerns over glutamic disorders and new product innovations is expected to promote the product demand over the next eight years.

  • North America release agents demand was 210.0 kilo tons in 2015. High prevalence of meat processors including JBF, Tyson and Cargill Foods in the U.S. and Canada on account of easy access to consumables is expected to promote the application of release agents. Furthermore, favorable market outlook towards baked goods in Mexico on account of increasing consumer preference towards new products including frozen pastries is expected to have a positive impact over the forecast period.

  • Key releasing agents’ manufacturers include ADM, Bunge, AAK AB, Mallet AB and Par-Way Tryson Company. Furthermore, leading chemical manufacturers including DuPont and Dow Corning also have a market presence through their food lubrication products. High manufacturing cost in developed markets including Germany and UK is expected to remain concerning issues for the market over the forecast period.

U.S. release agents market revenue, by application, 2013 – 2024 (USD Million)

U.S. release agents market revenue, by application, 2013 - 2024 (USD Million)

Browse More Reports in Food Safety & Processing Industry:

  • Food Packaging Equipment Market – The food and beverage industry is among the prominent factors propelling the demand. The purchasing parity, industrial development, and adoption of automated technology is projected to further augment the growth through 2025.
  • Food Processing Equipment Market – The global food processing equipment market size was valued at USD 52.74 billion in 2017 and is estimated to witness a CAGR of 6.2% over the forecast period. Rapidly expanding F&B sector across the globe is anticipated to drive the market.

Grand View Research has segmented the North America & Europe release agents market by raw material, product, application and region:

Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • Emulsifiers

    • Mono, Diglycerides & Derivatives

    • Lecithin

    • Sorbitan Esters

    • Stearoyl Lactylates

    • Others

  • Wax & Wax Derivatives

  • Vegetable oil

  • Antioxidants

  • Others

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • Liquids

  • Solids

  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • Bakery & confectionary

    • Rolls & Breads (Including pizza)

    • Cookies & Biscuits

    • Desserts

    • Others

  • Meat products

  • Packaged foods (Excluding bakery & meat products)

  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • North America

    • U.S.

    • Mexico

    • Canada

  • Europe

    • Germany

    • UK

    • France

    • Rest of Europe

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About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

 

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