The food emulsifiers market is estimated to be valued at USD 3.2 billion in 2020 and is projected to reach USD 4.0 billion by 2025, at a CAGR of 4.7 %. The market is driven by the rise in the consumption of processed foods.
The dairy &
frozen desserts segment is projected to be the fastest-growing segment during
the forecast period
The dairy & frozen dessert segment is projected to be the fastest-growing, by application, during the forecast period. At a global level, there is growing consumption of dairy and frozen dessert products; and since such products tend to get separated easily in their formulations, food emulsifiers tend to improve the quality of the products. Thus, these factors are expected to drive the growth of the segment at a significant rate during the forecast period.
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The plant segment is
projected to dominate the market by 2025
The food emulsifiers market, by source, is projected to be dominated by the plant segment during the forecast period. The high growth is not only attributed to the stable and harmless nature of plant-based emulsifiers but also to the preference of the food industry manufacturers.
Market Dynamics
Drivers
• Increase in the consumption of convenience foods and premium products
• Growing number of end-use applications due to multifunctional attributes of emulsifiers
Restraints
• Limited extraction and additional costs associated with emulsifiers extracted from natural resources
Opportunities
• Product innovations leading to better stabilization properties and lower costs
Challenges
• Health problems associated with 7the consumption of emulsifiers
Key Players in the
Market:
• Archer Daniels Midland Company (US)
• DowDuPont (US)
• Cargill (US)
• Kerry Group Plc. (Ireland)
• Ingredion Incorporated (US)
• Corbion N.V. (Netherlands)
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The Asia Pacific is
projected to be the fastest-growing market during the forecast period
The Asia Pacific market is projected to grow at the highest CAGR from 2020 to 2025. The high growth is attributed to the changing food consumption patterns in the region, owing to the rising income and urbanization, especially in South Asian countries. Further growth can be attributed to the increasing urbanization in the region, resulting in the growing demand for food security and quality food. Food manufacturers are expected to use food emulsifiers due to their multifunctional properties.
