The global 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% during the forecast period. The rise in consumption of processed foods due to the rising disposable income and the increasing end-user applications of food emulsifiers are expected to drive the overall food emulsifiers market.
Driver: Increase in the consumption of convenience foods and Covid-19 boosts demand for high quality and premium products
There is a clear shift in the food consumption pattern from unprocessed foods to processed and ultra-processed foods. Hectic lifestyles in developed nations have led to a declining trend in cooking and an increase in snacking patterns. Consumers are more inclined to buying processed foods such as breads & cereals, frozen & packaged meals, and processed meat & fish. This has resulted into a growing market for various types of convenience foods, which, in turn, is set to drive the consumption volumes of processing ingredients, such as food emulsifiers in the food & beverage industry. Food processing ingredients such as emulsifiers are mostly utilized in products, such as bakery & confectionery, convenience foods, dairy & frozen desserts, and meat products. Food emulsifiers help enhance the volume and shelf-life of the products, while also improving their appearance. Emulsifiers are also considered to be one of those food additives that are gradually replacing many other additives in food products, with an aim to reduce their overall fat content. Food manufacturers are increasingly using emulsifiers, to aid the reduction of bad cholesterol (low-density lipoprotein, or LDL) in food products, thereby increasing their usage in processed foods. For this, various food & beverage companies are now also launching new products with different blends of emulsifiers to meet consumer requirements.
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Post covid-19 people have become more aware about the products they consume along with the point of origin. This has further escalated the demand for high-end products. Quality remains the chief objective in the consumer mindset with more number of people willing to invest a higher amount for the best quality product. This will also positively impact the food emulsifier market growth.
By application, the dairy & frozen desserts segment is projected to grow at the highest rate during the forecast period
On the basis of application, the food emulsifiers market is segmented into bakery products, confectionery products, convenience foods, dairy & frozen desserts, meat products, and others. The dairy & frozen desserts segment is estimated to dominate the market in 2020, owing to the increased consumption of food products in this application, especially in the developed regions of North America and Europe.
Asia Pacific is projected to be the fastest-growing market for the forecast period
The high consumption of food & beverage products in Asia Pacific is rising steadily, driven by the growing population, rising incomes, and rapid urbanization. All these factors, in turn, have resulted in the growing adoption of food emulsifiers and other food processing ingredients.
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This report includes a study of the marketing and development strategies used, along with the product portfolios of leading companies. It consists of the profiles of leading manufacturers such as Archer Daniels Midland Company (US), DowDuPont (US), Cargill (US), Kerry Group Plc. (Ireland), and Ingredion Incorporated (US). Other players include Corbion N.V. (Netherlands), Lonza Group Ltd. (Switzerland), and Palsgaard A/S (Denmark). Furthermore, Riken Vitamin Co. Ltd. (Japan), Tate & Lyle (Ireland), and Beldem S.A. (Belgium) are the other players that hold a significant share in the food emulsifiers market.
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