Food Emulsifier Market to Grab the Largest Market Share by 2021
The food emulsifier is one of the fastest growing segments in the food ingredients market. An emulsifier is a material that stabilizes an emulsion. Emulsifiers are used in different types of foods, such as dairy products, beverages, bakery & confectionery products, meat products and packaged foods.
The global food emulsifier market is primarily driven by factors such as increasing food emulsifier demand in emerging countries. Many countries across the globe are expected to serve as potentially good markets for food emulsifier products. For instance, of late, the demand for emulsifier products has increased in the Asia Pacific region. China has made rapid progress in food emulsifiers market in the Asia Pacific region. Furthermore, Japan is expected to register a healthy growth during the forecast period. Meanwhile, Brazil is an untapped market and is expected to offer significant growth opportunities for distributers and manufacturers during the forecast period.
Increasing health consciousness among consumers is a major factor that is driving the market of the food emulsifier globally. There has been a global rise in the drift toward healthier lifestyle and health concerns among consumers. The impact of this driver is high at present and it is expected to remain high during the next few years.
The global food emulsifier market has been segmented on the basis of product type into stearoyl lactylates, mono, di-glycerides & derivatives, lecithin, sorbitan esters, and others. Mono, di-glycerides & derivative are generally used in convenience foods, dairy products, bakery and confectionery and meat products among others. Lecithin is often used as a food additive. It is used to prevent certain ingredients from separating adjoined. Sorbitan esters are largely used as food emulsifiers to maintain food safety standards. They are used in low fat foods. Stearoyl lactylates are generally used in convenience foods, dairy products, bakery and confectionery, and meat products, among others.
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The global food emulsifier market has been segmented on the basis of application type into dairy products, convenience foods, bakery and confectionery products, meat products, and others. The presence, position, and size of the emulsifier depend on convenience foods and bakery & confectionery products. In terms of revenue, the convenience foods held the major market share in 2014. It is followed by the bakery & confectionery products, dairy products, and meat products segment, among others. The increasing demand for convenience foods is expected to drive the growth of the food emulsifiers market globally. Busy lifestyles and changing eating patterns are the factors that are driving the growth of the convenience food products segment, and this, in turn, is driving the growth of the food emulsifiers market, globally. In 2014, the convenience foods segment, which accounted for 24.1% share of the total global food emulsifier market, accounted for the largest market share compared to the other three food emulsifier applications.
Based on geography the food emulsifier market is segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). Increasing demand for packaged foods, rise in demand in emerging countries, major application of emulsifiers in bakery and ice cream products, and preference of low fat foods among consumers are the major factors that are driving the market of the food emulsifier globally. Asia-Pacific is the most lucrative region in terms of revenue in the food emulsifier market. Countries such as India, China, and Japan are the major contributors to the market. India and China are the most populated countries in the world. Currently, the mono, di-glycerides & derivatives, sorbitan esters and lecithin are largely preferred by consumers. Therefore, the food emulsifier market in the region is expected to grow considerably towards the end of the forecast period. Moreover, France and Germany are the leading manufacturers of food emulsifiers in the region. The increasing demand for packaged foods has positively impacted the market for food emulsifiers in the region. Therefore, the demand for food emulsifier is set to grow in the region with the change in food preferences of consumers.
Key players profiled in this report include Cargill Inc, Sensient Technologies Corporation, Ajinomoto Co., Associated British Foods Plc., Archer-Daniels-Midlands Company, DSM Nutritional Products AG, CP Kelco U.S., Inc., BASF, Chr. Hansen Holding A/S and Givaudan SA. among others.