(Entertainment-NewsWire.com, November 18, 2020 ) 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 consumption of convenience foods and premium products and a growing number of end-use applications due to the multifunctional attributes of the emulsifiers.
The key players in the food emulsifiers market include Corbion NV (Netherlands), Beldem SA (Belgium), Lonza Group (Switzerland), Palsgaard A/S (Denmark), Riken Vitamin (Japan), and Tate & Lyle Plc (UK). Furthermore, Kerry Group Plc. (Ireland), DowDuPont (US), and Archer Daniels Midland (ADM) (US) are the other players that hold a significant share in the food emulsifiers market.
The food emulsifiers market, by type, is estimated to be dominated by the mono- & di-glycerides and their derivatives segment, as it is a widely used emulsifier type across several applications. It has been observed that during 2019, the US food industry consumed more than 70% of mono- & di-glycerides-based emulsifiers. The lecithin segment is projected to be the fastest-growing segment. The emulsification and instantizing properties of lecithin are responsible for its growing use as a replacement of the other types that are heavily processed with chemicals.
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.
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.
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.
