The north america & europe release agents market is expected to reach USD 719.0 million by 2024, according to a new report by Grand View Research, Inc. Rising demand for freshly baked goods including bread, pastries, cakes and biscuits on account of increasing health awareness towards nutritional benefits and changing lifestyle is expected to promote the consumption of release agents. Furthermore, rising demand for frozen desserts from key European countries including Switzerland, Denmark, and Sweden owing to product innovation by baked goods manufacturers on a domestic level is likely to increase the demand for release agents over the forecast period.
Release agents in the solid form are used in a broad range of products in the food industry including cheese sauces, chewing gum, and pasta. These products have a higher resistance to deterioration in storage, which is a major driver for the product growth. The product segment is expected to foresee volume growth, at a CAGR of 2.2% from 2016 to 2024.
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Further key findings from the report suggest:
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Grand View Research has segmented the North America & Europe release agents market by raw material, product, application and region:
Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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