Water-Based Release Agents Market Emerging Trends, Demand, Growth by Key Players and Forecast 2028
The Water-Based Release Agents Market is forecasted to grow from USD 1.08 Billion in 2020 to USD 1.55 Billion by 2028, at a CAGR of 4.6%, during the forecast period. The market is primarily driven by the increase in demand for baked-food products globally.
Consumer acceptance of baked food items has fuelled demand for the market in bakery and confectionery, resulting in an increased demand for release agents. The increasing use of release agents in the confectionery and bakery industry due to the issue of products being stuck on the equipment has led the manufacturers to look to the use of release agent to prevent the stickiness problem, thus fuelling the demand for release agents on the global market.
Top Companies Operating in the Global Water-Based Release Agents Market:
Avatar Corporation (US), Archer Daniels Midland Company (US), AAK AB (Sweden), Cargill (US), Dowdupont (US), Par-Way Tryson Company (US), Associated British Foods PLC (UK), Mallet & Company, Inc. (US), IFC Solutions, Inc. (US) and Lecico GmbH (Germany).
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Further key findings from the report suggest
· The Water-Based Release Agents Market is forecasted to grow from USD 1.08 Billion in 2020 to USD 1.55 Billion by 2028, at a CAGR of 4.6%, during the forecast period. The market is primarily driven by the increase in demand for baked-food products globally.
· Based on type, the market for liquid segment is expected to hold the largest market at USD 615.5 Million in 2026, at a CAGR of 5.4% during the forecast period. In addition to processed meat and convenience food, the use of liquid release agents for bakery and confectionery applications is constantly growing. Many specific liquid release agents have been introduced that are available in spray boxes to allow ease of use.
· The market for bakery segment held the largest share in 2018 and is expected to reach USD 634.4 Million in 2026, at a CAGR of 4.9% during the forecast period owing to the increased demand for baked goods. Baked products are classified into three broad segments: bread, biscuits and cakes; high demand is witnessed, mainly because of their low price, ease of production and increased popularity (due to their taste, nutritional value, varieties and ease of availability), making them a vital part of several meals.
· The market for vegetable oils is expected to reach USD 447.6 Million in 2026, at a CAGR of 5.1% during the forecast period. Recently, demand for non-hydrogenated vegetable oils has risen as it helps to increase the final product's shelf-life.
· The market for Europe held the largest market share in 2018 and is expected to reach USD 447.6 Million in 2026, at a CAGR of 5.1% during the forecast period. Because of the high demand for baked goods, the presence of key players in these regions and awareness of the benefits of using release agents has increased. Asia Pacific is projected to be the fastest-growing market during the forecast period due to increased awareness and increased production of processed food.
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Water-Based Release Agents Market Segmentation
Type (Kilo Tons) (Revenue, USD Million; 2018-2028)
- Solid
- Liquid
- Water-Based Release Agents
Ingredient Type (Kilo Tons) (Revenue, USD Million; 2018-2028)
- Vegetable oils
- Emulsifiers
- Wax & wax esters
- Antioxidants
Application (Kilo Tons) (Revenue, USD Million; 2018-2028)
- Bakery
- Breads
- Cakes & Pastries
- Cookies & Biscuits
- Confectionery Products
- Processed Meat
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Water-Based Release Agents Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Water-Based Release Agents Market.
The global Water-Based Release Agents Market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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