Natural Vegetable Oil Food Grade Release Agents Market Size (2024 – 2030)

The Natural Vegetable Oil Food Grade Release Agents Market was valued at USD 326.4 million and is projected to reach a market size of USD 374.93 million by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 2%.
 

In the past, conventional sources with increased chemical processing were used to prevent food from sticking to the surfaces of pans, molds, trays, and others. However, this increased pollution during the production process of these release agents, as well as a negative impact on the health of consumers after the consumption of food that was made using these synthetic release agents. However, with research and development in the food industry and rising consumer demand for eco-friendly and sustainable food products, there is an increase in demand for natural vegetable oil food-grade release agents in the market. These include sourcing natural ingredients for the preparation of release agents such as sourcing soybeans, sunflower, olives, and other plant-based ingredients that provide safety to the food product as well as prevent the food from sticking to the surface of the cooking tool. Furthermore, advancements in formulations such as combining natural vegetable oil with other ingredients to increase its shelf life and rising trends in green and clean labeled food products is anticipated to boost the market demand for natural vegetable oil food-grade release agent in the market.

Key Market Insights:

As per USDA, the total export value of soybean vegetable oil is US $1.97 billion in the year 2022.

Furthermore, according to Global Agriculture Trade System (GATS) data, the top 3 markets for soybean vegetable oil in the year 2022 are Canada (US $373.73 million), Singapore (US $323.01 million), and Mexico (US $ 305.88 million)

As per the American Bakers Association reports, the economic impact of baked goods produced and sold in the USA is US $423 billion.

As per USDA, Economic Research Service data from USDA, palm vegetable oil production occupied 35% globally in the year 2020-21.

Natural Vegetable Oil Food Grade Release Agents Market Drivers:

Rising environmental and sustainability awareness has boosted the demand for natural vegetable oil food-grade release agents in the market.

There is an increase in environmental and sustainability awareness among consumers, as they have gradually understood the ill effects of harsh chemicals and their impact on their health via food consumption. Moreover, natural vegetable oils are naturally sourced and does not harm the environment, as it requires minimal processing, thus reducing the pollution released during manufacturing and processing technique. Additionally, vegetable oil sources such as soybean, canola, sunflower, olives, palm, and others are renewable sources of energy and hence reduce the depletion of non-renewable resources, which are crucial for the environment. Furthermore, the biodegradable nature of these oils makes them a popular choice in various food applications.

Increasing demand for baked goods has driven the demand for natural vegetable oil food-grade release agents in the market.

The baking industry is witnessing an increased demand from consumers due to its delicious taste and convenience in consumption, as these food products are available in packaged or ready-to-eat form that requires no preparation. Moreover, consumer demand for healthy and vegan baked products has further developed the bakery industry. Natural vegetable oils are increasingly used in the baking industry to prevent baked goods from sticking to baking tools such as molds, pans, trays, and others. Additionally, it reduces the breakage of these baked goods and improves the appearance of the baked product by preventing it from sticking to the mold’s surface. Furthermore, since natural vegetable oil is biodegradable in nature it helps to reduce wastage during the manufacturing and processing of baked products such as cakes, pastries, muffins, cookies, and others.

Natural Vegetable Oil Food Grade Release Agents Market Restraints and Challenges:

Reduced performance can decrease the demand for natural vegetable oil food-grade release agents in the market. Natural vegetable oils being sourced from natural ingredients have less shelf life and low effectiveness compared to conventional release agents, which can affect the market growth of natural vegetable oil food-grade release agents.

Moreover, sourcing natural ingredients may become difficult due to seasonal variations and geographical difficulties, leading to a slowdown in the production process and ultimately decline in demand for natural vegetable oil food-grade release agents.

Natural Vegetable Oil Food Grade Release Agents Market Opportunities:

The Natural Vegetable Oil Food Grade Release Agents Market is anticipated to deliver lucrative opportunities for businesses, which include acquisitions, partnerships, collaborations, product launches, and agreements during the forecasted period. Furthermore, increasing trends in remote working and studying along with rapid developments in Wi-Fi technology are predicted to develop the market for Natural Vegetable Oil Food Grade Release Agents and enhance its future growth opportunities.

NATURAL VEGETABLE OIL FOOD GRADE RELEASE AGENTS MARKET REPORT COVERAGE:

Natural Vegetable Oil Food Grade Release Agents Market Segmentation: By Type of Vegetable Oil

• Palm Oil Release Agents

• Canola Oil Release Agents

• Soybean Oil Release Agents

• Sunflower Oil Release Agents

• Olive Oil Release Agents

• Others

In 2022, based on market segmentation by type of vegetable oil, soybean oil release agents occupied the highest share of about 34% in the market. Due to its versatility in various dishes, neutral taste, and non-sticking structure, soybean oil release agents are witnessing increased usage in the food industry. Moreover, it is highly cost-effective compared to other vegetable oils, which has further increased its applications in restaurants and hotels. In addition, soybean oil being healthy in nature is used to create release agents with minimal trans fats, thus catering to growing consumer needs for a balanced and healthy diet.

Sunflower oil release agents are the fastest-growing segment during the forecast period. Sunflower oil release agents are increasingly used in all foods due to their natural and light flavor and health-friendly features such as low saturated fat content. Moreover, its non-sticking structure makes it suitable to for baked products, and other food products.

Natural Vegetable Oil Food Grade Release Agents Market Segmentation: By End-User Industry

• Foodservice & Hospitality

• Bakery & Confectionary

• Food Manufacturing

• Retail & Consumer

• Others

In 2022, based on market segmentation by end-users, food manufacturing occupied the highest share of about 31% in the market. Natural vegetable oil food-grade release agents find increased applications in the food manufacturing industry due to their ability to prevent adhesion on sticky surfaces and provide numerous health benefits and fat-free taste. Moreover, the increasing consumer demand for ready-to-eat meals and packaged food products has further increased the usage of natural vegetable oil release agents.

Retail & consumer is the fastest-growing segment during the forecast period. Cooking products such as sprays containing natural vegetable oil help to remove stickiness to pans, griddles, baking molds, and cooking appliances. Moreover, since natural vegetable oils are eco-friendly, they are considered a healthier replacement for conventional aerosol sprays, which contain artificial chemicals that can hurt the health of people.

Natural Vegetable Oil Food Grade Release Agents Market Segmentation: Regional Analysis

• North America

• Europe

• Asia-Pacific

• South America

• Middle-East & Africa

In 2022, Asia-Pacific occupied the highest share of about 31% in the market. The expanding food industry due to increasing consumer demand for food products, especially healthy and eco-friendly labeled products has contributed to the demand for natural vegetable oil food-grade release agents in the region.

North America is the fastest-growing region during the forecast period. Increasing environmental and health concerns regarding the ill effects of harsh chemicals on food products and their packaging, and rising consumer demand for natural and organic bakery products such as cakes, pastries, muffins, cookies, and others that are less in fat content and offer nutrition to them, have contributed to the demand for natural vegetable oil food grade release agents in the region.

COVID-19 Impact Analysis on the Natural Vegetable Oil Food Grade Release Agents Market

The pandemic had a significant impact on the natural vegetable oil food-grade release agents market. On one hand, due to the lockdown, the sourcing of raw materials and transferring of materials across boundaries were affected, as a result of transportation restrictions. Moreover, the closure of the food industry led to a decline in demand for natural vegetable oil food-grade release agents in the market. However, increased consumer demand for packaged food items from e-commerce platforms due to rising demand for extended shelf-life products during the pandemic further increased the demand for natural vegetable oil food-grade release agents in the market.

Latest Developments:

The market for natural vegetable oil food-grade release agents is witnessing an upward trend in the market due to the fast-booming bakery industry, as they require natural and organic release agents that reduce the stickiness of baked products to molds and trays and manage the structure of baked products such as muffins and cookies without breaking them. Sunflower and soybean oil are gaining popularity due to their neutral taste, increased effectiveness in removing stickiness, biodegradability, and healthy impact on the body.

Key Players:

1. IFC Solutions

2. Maverik Oils

3. Sun Nutrafoods

4. Cargill

5. Lasenor

6. Vantage Specialty Chemicals

7. Lecilite

8. Synova

9. Scoular

10. Vegalene