Increasing consumption of processed food besides the expansion of bakeries and confectioneries are among key factors fuelling the demand for food emulsifiers. According to a new study by Future Market Insights (FMI), the food emulsifiers market is forecast to reach US$ 3.30 Bn by 2021. Demand for effective preservative ingredients in the food sector has remained a constant trend. It has been enabling growth in the market and will continue aiding overall expansion especially as application in processed food and bakeries rises consistently. FMI has forecast the processed food segment to continue dominating the market through the course of the report’s forecast period, starting from 2021 to 2031. It is expected to account for nearly one-fourth of food emulsifiers sold over the assessment period.
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Today, food emulsifier gaining high momentum in the manufacturing of food products due to its desirable qualities that help in preservation of processed and convenience food, besides making them more appealing. The growing market for convenience and processed food is backed by hectic lifestyles, deskbound jobs, increasing women workforce, and socio-cultural aspects. These aspects of changing lifestyle have contributed towards reshaping consumers’ eating habits. A shift away from three square meals eaten at the family table towards round-the-clock snacking is pushing manufacturer towards adoption of food emulsifier in order to cater supply/demand gap for processed food formats.
Moreover, manufacturers are also focused on developing novel emulsifier solutions that are capable of reducing calorie content in food products. The market is seeing an increasing number of research and development centres coming up across globe. Companies are trying to expand their production and business footprint by acquiring key companies in the emulsifier segment.
The FMI study delves deep into the prevailing dynamics to offer interesting insights into the food emulsifier market. Some of these are:
- Food emulsifiers market will continue exhibiting steady rate of growth through 2031. FMI projects the market to showcase 4.4% Y-o-Y growth in 2021
- The U.S. will emerge as a chief market globally and account for 88.8% of North America market based on volume in 2021
- The U.K. will exhibit 0.9% Y-o-Y growth in 2021 in terms of volume
- Germany and France to continue offering lucrative growth opportunities
- Japan and South Korea to emerge as attractive markets, however, China will continue leading the East Asia market through forecast period
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“Innovation in food products is expected to create remarkable growth opportunity for market players in the years to follow. Also, a broader consumer base for healthy fast food is contributing to the growth of the global market” said a lead analyst at FMI
Who is winning?
Some of the leading companies operating in the market are BASF SE, Adani Wilmar Limited, Archer Daniels Midland Company, Cargill Inc, Dow Corning Corporation, E.I Dupont De Numours and Company, Evonik Industries AG, Ingredion Incorporated, Kerry Group Plc, Koninklijke DSM N.V., and others. Some of these companies are focusing on acquisition as key strategy to gain competitive advantage. For instance, in January 2017, Palsgaard acquired a major stake Candon Aditivos para Alimentos, which is a Brazilian ingredient company and supplier of bakery emulsifiers.
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Get Valuable Insights into Food emulsifier Market
Future Market Insights, in its new report, presents an unbiased analysis of the global food emulsifier market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on product type the market can be segmented into lactic esters of fatty acids (sodium stearoyl lactylate, sodium behenoyl lactylate, sodium isostearoyl lactylate, sodium lauroyl lactylate), lecithins, mono & di-glycerides of fatty acid, esters of monoglycerides of fatty acid, polysorbates, polyglycerol esters, polyglycerol polyricinoleate, and others. In terms of nature, the market can be segmented into natural and synthetic. In terms of form, the market can be segmented into fine powder and hydrate. Based on end use, the market can be segmented into bakery, confectionery, beverages, dairy products, processed food, and others. Regionally, the market covers North America, Latin America, Europe, South Asia, East Asia, Oceania and MEA.
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