Release Agents Market Size is Hit by 2028

The growth of the market is driven by the increasing demand for release agents in the bakery and pastry industries.

Release Agents Market Size – USD 1.08 Billion in 2020, Growth - CAGR of 4.6%, Trends – Increasing demand for release agents in the bakery and pastry industries.

The 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.

Developing countries like India, China, Argentina, Brazil, Chile, and Indonesia are likely to contribute more to the market for release agents in the coming years due to the changing consumer lifestyle in terms of food habits backed by high purchasing power.

The rising price of raw materials for release agents such as vegetable oil is a major factor inhibiting the growth of the global market for release agents.

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