Global Food Emulsifiers Market - Growth, Trends and Forecast (2018 - 2023)
Global Food Emulsifier Market Insights
The global market for food emulsifiers is projected to register an estimated CAGR of 5.8%, during 2018-2023 (the forecast period). The demand for natural emulsifiers offers huge potential in the emulsifier market, for example beeswax, lanolin, lecithin, and saponin. Notably, the important parameter is that the system attains natural certification from a renowned body, such as Ecocert.
The Expanding Processed Food Market Boosts Market Growth
A rapidly growing population and greater levels of urbanization, globally, have boosted demand for processed food products, thus, driving the demand for food ingredients. In Asian countries, like India and China, with greater disposable incomes and busy lifestyles, demand for packaged, processed, and ready-to-eat food is increasing. Food emulsifier manufacturers are catering to increased demand from food manufacturers, for preserving the freshness, safety, taste, appearance, and texture of processed foods. All food emulsifiers are required to be approved by appropriate authorities and organizations, to ensure strict limits on added amount and types of emulsifiers in processed foods.
The requirement for clean labels, is proving to be a major cost factor for food emulsifier manufacturers, in terms of raw material sourcing and production process, thus becoming a major restraint in the industry.
Varied Applications of Emulsifiers in the Bakery & Confectionery Segment
By product type, major food manufacturers use lecithin, as it is considered to be non-toxic to humans, and it easily enhances the color, flavor, texture, and shelf life of products.
Emulsifiers have wide range of application in the dairy and bakery & confectionary industries. The demand for natural and nutraceutical products, further drives the use of emulsifiers in varied food applications.
Europe Leading the Front
The European food emulsifier market is expected to register a CAGR of 4.5% during the forecast period. However, the developing markets of Asia-Pacific, most importantly India and China, account for a high growth rate of 6.81%, because of the increasing population and changing food habits. New and innovative techniques are being implemented in the African emulsifier market, and huge amount is being spent on R&D in the sector, for the same.
January, 2017: Companies, like Kerry, have strong dedication toward sustainability, and are thus, sourcing raw material from suppliers, who share these values. Kerry’s global emulsifier manufacturing footprint propositions the largest selection of non-PHO and non-GMO emulsifiers, as well as many non-GM non-palm offerings, for those customers who do not opt for soy or palm products.
The key players include AAK, ARCHER DANIELS MIDLAND, BASF, CARGILL INC., DUPONT, ESTELLE CHEMICALS, INGREDION INC., KERRY GROUP, LONZA GROUP, PALSGAARD, PURATO, RIKEN VITAMIN, ROYAL DSM, STEPAN amongst others.
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