The report “Food Emulsifiers Market by Type (Lecithin, Mono- & Di-Glycerides and Their Derivatives, Sorbitan Esters, Stearoyl Lactylates, Polyglycerol Esters), Source (Plant and Animal), Application, and Region – Global Forecast to 2023″ The food emulsifiers market is estimated to be valued at USD 2.9 billion in 2018 and is projected to reach USD 3.7 billion by 2023, at a CAGR of 5.1%. The market is driven by the rise in consumption of processed foods.
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 The Consumption Of Emulsifiers
The plant segment is projected to dominate the market by 2023
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.
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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 2018 to 2023. 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 increasing demand for food security and quality food. Food manufacturers are expected to use food emulsifiers due to their multifunctional properties.
This report includes a study of the marketing and development strategies used, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Archer Daniels Midland Company (US), DowDuPont (US), Cargill (US), Kerry Group Plc. (Ireland), and Ingredion Incorporated (US). Other players include Corbion N.V. (Netherlands), Lonza Group Ltd. (Switzerland), and Palsgaard A/S (Denmark). Furthermore, Riken Vitamin Co. Ltd. (Japan), Tate & Lyle (Ireland), and Beldem S.A. (Belgium) are the other players that hold a significant share in the food emulsifiers market.
Trends & Forecast on Agricultural and Food Industry 