ID: MRFR/F-B & N/1918-HCR | 110 Pages | Published By Harshita Gorade on April 2023
Food Emulsifiers Market is projected to register a CAGR of 6.1 % and reach a value of USD 12.08 Billion by 2030
Food Emulsifiers Market Overview:
Food emulsifiers market is projected to be worth USD 12.08 billion by 2030, registering a CAGR of 6.1% during the forecast period (2022-2030). Food Emulsifiers are used in the bakery and confectionary sector to improve the appearance and texture of different types of food items such as ice-creams, biscuits, cakes, mayonnaise, cookies, and others. Due to the extensive use of food emulsifiers, The Food Emulsifiers Market Size is going to grow in the coming years.
Different components of food items such as protein, carbohydrates, fats, oil, water, and others have their unique properties. Food emulsifiers are used to make different components of food items compatible and that is why food emulsifiers are in great demand in different segments of the food industry.As consumer awareness regarding the texture and appearance of different food items is increasing, the market is going to grow significantly in the coming 5-6 years. In recent years, the use of food emulsifiers in convenience foods and processed foods is the important factor leading to the growth of this market segment.
The outbreak of the COVID-19 pandemic has impacted the Global Food Emulsifiers Market Growth negatively. Due to the lockdown imposed in most of the countries during this pandemic, the production and supply of emulsifiers have reduced.
The global market faced bottlenecks in labor, processing of raw materials, transportation, and logistics during the pandemic. In this period, there has been a temporary shift in the demand for food emulsifiers across the globe.
The situation of the global market of food emulsifiers is expected to return to normalcy in the coming 2-3 years. Apart from the food and beverage industry, emulsifiers have other application areas, so the market has not experienced a sharp drop in profit. The market value is estimated to rise during the forecast period mentioned in the report.
The Global Food Emulsifiers Market Trends indicate that the market is going to have steady growth in the coming 5-6 years. The most important driver for this market is the use of food emulsifies in different food items like ready-to-eat meals, cereals, desserts, and others.
Due to significant changes in the lifestyles of people both in developing and developed countries, the demand for packaged food items is continuously on the rise. Emulsifiers are not only used to increase the shelf life of packaged food items but are in demand in pharmaceutical industries as well. They are chemically non-reactive and can increase the shelf life of the tablets, creams, and syrups so experts anticipate steady growth in the market during the forecast period.
The stringent regulation by the governments of different countries regarding the manufacturing of emulsifiers is an important restraint for the Food Emulsifiers Market Growth. Due to the lack of supply of some of the emulsifiers in the global market, the growth is not taking as fast as it should have.
Rising demand for trans-fat food items in the global market is going to create avenues for the market in the coming years. This market is expected to have more growth opportunities due to the expansion of the frozen food industry across the globe and also the increased use of food emulsifiers in bakery products.
Additionally, consumers are also becoming more aware of the use of food emulsifiers which is going to help this market grow significantly during the forecast period.
The high cost of Research and Development is a major challenge for the growth of the Global Food Emulsifiers Market. Another challenge is the presence of local market players who may give tough competition for the global market players in the Food Emulsifiers Sector.
Getting a clean-label food emulsifier is also a challenge for this market.
As per the market research, experts anticipate that the CAGR rate of the Global Food Emulsifiers Market is going to reach up to 6.3% during the forecast period. Experts forecast that this market is going to improve in the coming years. The market value is estimated to reach up to USD 13.08 Billion.
Value Chain Analysis
With the increased use of food emulsifiers in processed foods especially meat and seafood, bakery and confectionery products, and ready-to-eat meals, the global Food Emulsifiers Market Growth is going to have a positive impact. The personal care product sector is also going to help in the growth of this market. With an improved supply chain and more investments by the key players of the Global Food Emulsifiers Market, the value chain of this market is going to enhance during the forecast period.
The Food Emulsifiers Market is segmented based on source, type, and application area.
Based on the source, this market is sub-divided into plant-based, animal-based, and synthetic. The market share of plant-based food emulsifiers is going to increase substantially during the forecast period.
Based on the type, the Global Food Emulsifiers Market is sub-divided into lecithin, sorbitan derivatives, monoglycerides, polyhydric emulsifiers, anionic emulsifiers, and others.
Based on the use of application areas, the market of Food Emulsifiers is sub-divided into confectionery, bakery, spreads, processed meat, poultry, infant formula, and others.
Based on the region, the Global Food Emulsifiers Market is divided into Europe, North America, Asia Pacific, and the Rest of the World. Due to the high consumption of processed food items Europe holds the largest Food Emulsifiers Market Share in the world.
The Global Food Emulsifiers Market Analysis indicates that the Asia Pacific region is expected to have the fastest CAGR during the forecast period. The main reasons for the growth are consumers with high disposable income, an increase in the consumption of convenience and processed foods, an increasing population, and more investment in the healthcare field.
The growing economy in the countries like Australia, Japan, China, India, and some of the Latin American Countries will offer enough opportunities for the expansion of the Global Food Emulsifiers Market Size during the forecast period.
The important players take up different strategies to maintain the demand-supply chain of the Global Food Emulsifiers Market. These companies go for mergers, acquisitions, and collaborations to establish joint ventures so that innovative techniques and equipment can be used for business expansion and enhanced production.
Some of the important players of the Global Food Emulsifiers Market are listed below:
The overview of the Global Food Emulsifiers Market Outlook is given below:
Report Scope and Segmentation
The scope of this report is to provide important information about the Global Food Emulsifiers Market Forecast. The highlights of this report are the current market value, challenges, opportunities, CAGR, market drivers, regional analysis, and other aspects of this market.
|Market Size||USD 12.08 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Source, Type, Application, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Kerry Group (Republic of Ireland), Evonik Industries AG(Germany), DowDuPont (U.S.), BASF SE (Germany), Clariant (Switzerland), Koninklijke DSM N.V. (The Netherlands), Akzonobel N.V. (The Netherlands), Cargill Incorporated (U.S.), Lonza(Switzerland), Solvay SA (Belgium), Stepan Company (U.S.), and The Lubrizol Corporation (U.S.)|
|Key Market Opportunities||Rising demand for trans-fat food items, Expansion of the frozen food industry, Increased use of food emulsifiers in bakery products|
|Key Market Drivers||Rise in demand for packaged food items, Demand in pharmaceutical industries|
The companies that play important role in the Global Food Emulsifier Market Growth are Evonik Industries AG (Germany), Kerry Group (Republic of Ireland), DowDuPont (U.S.), Koninklijke DSM N.V. (The Netherlands), Clariant (Switzerland), AkzoNobel N.V (The Netherlands), BASF SE (Germany), Lonza (Switzerland), Cargill Incorporated (U.S.), Solvay SA (Belgium), The Lubrizol Corporation (U.S), and Stepan Company (U.S.), and others.
The Asia Pacific region is anticipated to have the highest growth rate in the Global Food Emulsifiers Market during the period 2022-2030.
The sources mentioned in the food emulsifiers market report are plant source, animal source, and synthetic.
The types included in the food emulsifiers market are anionic emulsifiers, monoglycerides, lecithin, polyhydric emulsifiers, sorbitan derivatives, and others
The types included in the food emulsifiers market report are confectionery, bakery, poultry & fish, margarine & spreads, processed meat, infant formula, and others.