The global food grade release agent market size is estimated at USD 1,078 Million in 2022 and is projected to reach USD 1,826 Million by 2032, exhibiting a CAGR of 5.4% from 2022 to 2032.
Globally, the inherent ability of release agents, especially food grade release agents to safeguard respective food items by sticking themselves to their surface is escalating their importance among consumers. Not only consumer survey, but also the industrial experts agree on the market importance of such food preserving agents. Hence, demand for food grade release agents is anticipated to rise at a steady pace across food industries running across the globe.
| Attributes | Key Statistics |
|---|---|
| Food Grade Release Agent Market Size (2022E) | USD 1,078 Million |
| Projected Market Size (2032F) | USD 1,826 Million |
| Value-based CAGR (2022 to 2032) | 5.4% |
| Top 3 Countries Market Share | 32.9% |
Food grade release agents are substances that aid in removal of food products from their moulding or packaging. They are being extensively used across industries such as food & beverages and bakery to help remove processed and baked goods from trays, tins, pans, conveyor belts, or packaging.
A wide variety of food grade release agents such as mineral oils, silicone, natural vegetable oil and wax are used in applications like in bakery products, processed meal, confectionery products and so on. Thus, growing production and consumption of food products like bakeries, packaged foods, confectioneries is projected to provide lucrative revenue-generating opportunities to food grade release agents’ manufacturers during the forecast period.
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Future Market Insights projects the food grade release agent market to exhibit a steady CAGR of 5.6% between 2022 and 2032, in comparison to the 3.2% CAGR registered from 2017 to 2021.
Consumers have been laying their emphasis towards the availability of a non-irritant and non-toxic food grade release agent solutions in recent past. Hence, as a response, manufacturers of food grade release agents implemented in-depth research work in this field and introduced market defining food grade parting agents. This ensured them a gigantic customer base that would turn out to be a source of continuous demand for aforementioned agents.
In context to the present market scenario, increase in natural source of ingredients in various food related industries is acting as a boon for manufacturers. Mainly, the “on-the-go food” category of food items is expected to contribute a major share in the market valuation of food grade release agents business.
Moreover, continuous growth in market size of modern bakery products fuelled by rising consumption of general category of bread, pies, pastries, donuts and cakes is expected to provide a gain of 720 BPS to this market. Thanks to this, application of food grade release agents in bakery products is forecast to surpass market valuation of USD 765 Million by 2032 end.
Comprehending a similar scenario, demand for silicon food grade release agent is expected to rise at a considerable pace owing to its application in food processing as well as industrial production processes. Being an excellent quality release agent, it is utilized in food packaging containers and other equipment to ensure say and timely removal of products.
Rising Consumer Spending on Processed Food Products to Ignite the Demand for Food Grade Release Agents in the USA
The USA accounted for ~74.9% of the total revenue shares of the North America food grade release agent market in 2021. Moreover, with rising consumer spending on processed foods, the USA food grade release agent market is estimated to be valued at around USD 236 Million in 2022 and forecast to surpass market valuation of USD 446 Million by end of 2032.
Growing trend of low sugar content and high protein content in food items make them more prone to damage. As a result, manufacturers utilize food grade release agents, thereby opening various revenue-generating windows for food grade released agent manufacturers.
Factors such as lax government regulations on food grade release agents and increased consumer preference in USA towards high quality food products and packaging are expected to push the demand for food grade release agents across the country during the forecast period.
FMI, predicts the food grade release agent market in the USA and North America to grow at market 4.9% and 5.1% CAGR’s respectively during the assessment period.
Rapid Expansion of Food Processing Industry to Boost Food Grade Release Agent Sales in China
As per FMI, the food grade release agent market in China is poised to expand at a healthy CAGR of 5.9% between 2022 and 2032, creating an absolute USD opportunity of USD 168 Million by 2032. Rapidly rising population, changing lifestyles, rapid growth of food industry, and increasing consumption of packaged food products are some of the key factors driving demand for food grade release agents in China.
Consumers in developing countries like India and China are showing a keen inclination towards spending on fluid based food grade release agents and processed foods. This can be attributed to a rising number of consumers preferring release agents treated food packaging over normal food supplies in the regional market.
Amid growing consumption of processed food and rapid expansion of food and beverage industries across fast growing countries like India and China, the East Asia food grade release agents market is estimated at USD 247 Million in 2022, and is projected to grow at 5.8% CAGR during the assessment period of 2022 to 2032, surpassing valuation of USD 449 Million by 2032.
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Natural Vegetable Oils Segment to Generate Maximum Profit Margins for Manufacturers
By product, natural vegetable oil segment reached a valuation of USD 398 Million in 2021 and is likely to expand at 2.3X during the forecast period from 2022 to 2032.
Natural vegetable oils have become ideal food grade release agents used across food manufacturing industries due to their easy availability, low costs, and ecofriendly nature. In 2021, natural vegetable oil segment accounted around 36.7% share of the global food grade release agent market.
Considering the fact that this segment leads in category of food grade release agent product type, major Tier-1 players of food grade release agent business have invested significant principal in this particular type.
Indirect Channel to Witness Highest Demand Throughout Forecast Period
As per FMI, sales of food grade release agent through indirect distribution channel currently accounts for the largest revenue share in the global food grade release agent market and this trend is likely to continue during the forecast period. Growth of this segment is attributed to rising consumer inclination towards purchasing food grade release agents through hypermarket, supermarket, online retail, specialty stores etc.
This particular channel of releasing agent sales will generate around USD 860 Million after the end of forecast period and is estimated to value as USD 462 Million in present year of 2022 with market share of 42.9%.
The global food grade release agent market is a highly competitive market which includes top food grade release agent players such as ADM, Dow, Cargill, Avatar, AAK International, and others. Other players in the food grade release agent market are Par-Way Tryson, Lallemand, Masterol Foods, Bakels Group, and others.
Many companies follow different approaches such as mergers, acquisitions, collaborations, alliances, and adoption of new technologies to launch new products. Moreover, the manufacturers are also introducing innovative and newer product to increase the product offering and to attract more consumer base.
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| Attributes | Details |
|---|---|
| Estimated Market Size (2022) | USD 1,078 Million |
| Projected Market Valuation (2032) | USD 1,826 Million |
| Anticipated Growth Rate (2022 to 2032) | 5.4% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Peru, Chile, Germany, UK, Italy, France, Spain, Russia, Poland, China, India, Japan, Australia, GCC Countries, North Africa, South Africa and Turkey |
| Key Segments Covered | Product Type, Form, Application, Distribution Channel, and Region |
| Key Companies Profiled | Archer Daniels Midland; AAK International; Cargill; Dow; Avatar; Par-Way Tryson; Lallemand; Masterol Foods; Bakels Group; Koninklijke Zeelandia Group; Associated British Foods; Mallet & Company; IFC Solutions; Krayden; Sonneveld Group; Maverik Oils; CRC Group; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The food grade release agent market is expected to reach a valuation of USD 1,078 Million in 2022.
FMI predicts the global food grade release agent consumption to increase at a CAGR of around 5.4% over the forecast period (2022 to 2032).
Market players are opting for partnership, mergers and acquisitions, product innovation and production capacity expansion.
Top 10 producers of food grade release agent including ADM, Dow, Cargill, Avatar, AAK International, and others hold around 35-40% of the market share.
USA, Germany, UK., China and India are the major countries driving demand for food grade release agent.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Natural Vegetable Oil 5.2. Mineral Oil 5.3. Silicone 5.4. Wax 5.5. Others 6. Global Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 6.1. Solid Agents 6.2. Fluid Agents 6.3. Water to Based Agents 7. Global Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 7.1. Bakery Products 7.2. Confectionery Products 7.3. Processed Meal 7.4. Others 8. Global Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Channel 8.1. Direct Sales 8.2. Indirect Sales 8.2.1. Hypermarket/Supermarket 8.2.2. Modern Grocery Stores 8.2.3. Specialty Stores 8.2.4. Convenience Stores 8.2.5. Online Retail 8.2.6. Other Channels 9. Global Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. MEA 10. North America Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. East Asia Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. South Asia Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Oceania Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. MEA Food Grade Release Agent Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 17. Key Countries Food Grade Release Agent Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Archer Daniels Midland Company 19.2. AAK International 19.3. Cargill 19.4. DOW 19.5. Avatar 19.6. Par-Way Tryson 19.7. Lallemand 19.8. Masterol Foods 19.9. Bakels Group 19.10. Associated British Foods 19.11. IFC Solutions 19.12. Krayden 19.13. Maverik Oils 19.14. CRC Group 20. Assumptions & Acronyms Used 21. Research Methodology
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Food Grade Release Agent Market
