Global Release Agents Market 2017-2021
About Release Agents
The release agent is a substance which is applied to a surface, distinctively to the container surfaces, to restrain the bonding between the surfaces, thereby minimizing the material loss and preventing production delays. It is used in various applications, including both food and non-food industrial segments. The report is confined to applications in food and industrial segments which include bakery and confectionery, processed food, meat, and others such as dairy, sauce, convenience food, and functional food. Release agents help in the easy removal of foodstuffs from pans, baking sheets, bowls, molds or tins used in the food industry.
Technavio’s analysts forecast the global release agents market to grow at a CAGR of 4.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global release agents market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Release Agents Market 2017-2021
Technavio recognizes the following companies as the key players in the global release agents market: AAK, Archer Daniels Midland, Associated British Foods, Avatar, and Par-Way Tryson.
Other Prominent Vendors in the market are: Mallet & Company, MÜNZING Corporation, IFC Solutions, LECICO, Chem-Trend, and Bluestar Silicones International.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing value of gluten-free baked products. Industrial expansion and diversifying lifestyle have transformed the social and economic structure of the society. Modernization of lifestyle has led to the production of many goods on a large scale. The change in the standard of living has marked a shift toward gluten-free bakery products, especially bread, cakes, biscuits pastries, pizza, and donuts due to increasing disposable income. The global gluten free bread was valued at approximately $1.1 billion in 2015, which was approximately 32% of the global gluten-free food.”
According to the report, one of the major drivers for this market is Increasing importance of processed food. In recent years, people are making a shift toward processed foodstuff due to convenience in making a purchase, easy storage, and hassle-free preparation and consumption. Increasing innovations in preservatives and packaging is also a major driver to increase the demand for food processing and packaging. The global packaged foods market had reached $2,470 billion in 2016 from $2,350 billion in 2014. The U.S, being a leader in the global food packaging market, has alone reached $ 372.81 billion in 2016. This rapid growth in the demand for food packaging is likely to boost the global release agents market during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Volatility in prices of raw materials. The raw materials like flour, vegetable oils, waxes & wax esters, emulsifiers, and antioxidants that are utilized to produce release agents are highly concentrated in terms of price. For instance, in December 2016, the price of soya bean oil increased to $800.25 per metric ton, from $669.90 per metric ton in July 2016. Hence, marginal fluctuations in the raw material prices is expected to alter the product pricing drastically. This is expected to negatively affect the demand for release agents globally during the forecasted period.
AAK, Archer Daniels Midland, Associated British Foods, Avatar, Par-Way Tryson, Mallet & Company, MÜNZING Corporation, IFC Solutions, LECICO, Chem-Trend, and Bluestar Silicones International.
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