Europe, mainly led by Germany, Italy and France release agent market is likely to witness the same in the forecasted years owing to high processing and bakery industries in the region. Other European countries including Denmark, UK, Sweden and Switzerland is like to surge the demand for release agent owing to increasing demand for frozen desserts and innovation in domestic bakery manufacturers which will propel the industry growth. Various food industries use these products in producing chewing gum, pasta and cheese sauces enhancing the product market size over the forecasted years.
Asia-Pacific is expected to be the fastest growing release agent market over the forecasted years. Emerging economies with growing population including China and India, will support the market growth owing to high consumption of processed and packaged food in the region. Low land and labour cost will attract many food processing units in turn creating huge opportunities for the product market. Also, improving economic conditions and high disposable income in middle class population will strengthen the market growth during the forecasted period.
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Based on its composition, release agent market is segmented into vegetable oils, emulsifiers, antioxidants and wax & wax esters. Further, emulsifiers is sub-segmented into lecithin, stearoyl lactylates, sorbitan esters and mono & di-glycerides. Wax and emulsified waxes are mostly used product due to their high controlling viscosity and distribution property on the surfaces.
Release agent market can be categorized based on its form into solid, fluid, water based, specialty and multifunctional release agent. On the basis of its application product market is divided into meat, processed foods and bakery & confectionery. Among these, bakery & confectionery holds are major share due to its wide range of applications in cakes, pastries, rolls, breads, cookies and biscuits.
Changing lifestyle among consumers now are shifting to bakery food over packaged food. Pizza, gourmet, donuts and specialty breads are fastest consumed product in this category which in turn has raised the demand for release agent in food and baking industry. Former non-food applications of product market were plastic & tire molds, pharmaceutical, paper and rubber industry. Earlier, baking industries were facing difficulties in baking products but using these products have revolutionized the outlook of release agent market.
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Hectic schedule, lack of time management and health conscious people are persuading process food coupled with safety and easy storage. Processed meals including dried, fried, cooked, frozen and canned food need some release agent to avoid the direct bonding between two surfaces. Easy application by spraying on this materials will further enhance the release agent market.
Global release agent market is moderately fragmented in nature with presence of various local and international manufacturers including AAK, Bunge, Avatar, Par-Way Tryson, Archer Daniels Midland and Associated British Foods. Other leading companies across the globe are DuPont, Mallet, Dow Corning, Masterol Foods, Munzing Chemie and Lecico.
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