Asia Pacific Nanoemulsion In Food & Beverage Market Forecast 2019-2028
The Asia Pacific nanoemulsion in food & beverage market is evaluated to grow with a CAGR of 13.84%, during the forecast years of 2019 to 2028. The increasing adoption of innovative food emulsification techniques, the rising number of production plants in developing countries, and increased government investments are anticipated to drive the region's market growth.
Indonesia, China, Vietnam, Australia & New Zealand, Thailand, Japan, South Korea, India, and the rest of the Asia Pacific are analyzed for the Asia Pacific nanoemulsion in food & beverage market growth assessment. As an emerging country with a relatively high population, the growing disposable incomes and busy lifestyles in India augment the demand for ready-to-eat products and convenient processed foods. Additionally, India is the largest producer of milk, worldwide. As a result, chocolate milk and recombined milk made from milk powder fuel the dairy industry's emulsifier market. Moreover, the increasing demand for bakery products, such as, pastries, chocolates, and cakes, further establishes emulsifiers as an essential additive.
On the other hand, dark chocolate has emerged as a favorite food item, among Indian consumers. It is also one of the key drivers encouraging innovative product developments, in addition to the rise of local trends such as, smaller packaging sizes, sugar reduction, and unique flavors. Besides, snacks are also being increasingly substituted for meals.
However, given the COVID-19 pandemic, consumers' eating habits have transitioned. For instance, the primary behavioral changes include an increased preparation of home-made food, healthier diets, and surging consumption of immunity-boosting products. Thus, the above-mentioned factors are set to influence the region's market growth over the forecast period.
Prominent market players include, Nestle SA, Keystone Foods, Unilever Group, The Kraft Heinz Company (Heinz), Frutarom Industries Ltd, Aquanova AG, etc.
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