The global food emulsifiers market is projected to have a rapid-paced CAGR of 5.3% during the forecast period. The current valuation of the market is US$ 3,635.8 million in 2023. The market value of the food emulsifiers market is anticipated to reach a high of US$ 5,954.4 million by the year 2033. A historical CAGR of 4.6% has been recorded by the experts of Future Market Insights for the concerned market.
It is anticipated by the analysts at Future Market Insights that there is an increase in the consumption of convenience food and premium products, which is serving to be a crucial aspect for the rise of market revenue for natural food emulsifiers.
Furthermore, there is a growing number of end-use applications owing to the multifunctional attributes of the food emulsifiers. Due to heightened health awareness among consumers fueling the demand for low-fat food, helping food producers are focusing and paying utmost attention to creating new products that have the potential to mitigate or regulate weight gain. Therefore, the emulsifiers are assisting in the maintenance of the sensory characteristics of food, along with the reduction of fat content.
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Responsible Elements Stirring Up the Dynamics in the Food Emulsifiers Market
A large number of factors are influencing the growth of safe food emulsifiers and opening the doors to lucrative growth opportunities for further market expansion.
Likewise, there are also certain aspects identified in the food emulsifiers market that are likely to curb the advancement of the market. Let’s take a look at the drivers, restraints, opportunities, and threats (DROTs) prevailing in the concerned forum.
DRIVERS:
The demand drivers identified in the market are:
- Increase in the devouring of convenience food by the populace.
- Hectic lifestyle in developing nations is leading to a declining trend in cooking and a rise in snaking patterns.
- Consumers are more inclined to buy processed foods such as bread & cereals, frozen & packaged meals, and processed meat & fish. This has resulted in 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 emulsifiers are likely to aid the reduction of bad cholesterol and reduce the overall fat content, which is fueling the growth of the food emulsifiers market.
RESTRAINTS:
The elements likely to inhibit the expansion of the market are identified as follows:
- There is a high additional cost associated with the food emulsifiers as they need to be extracted from natural sources and incur high charges.
- Enzymes can act as an efficient replacement for food emulsifiers and can restrict the expansion of the market. These enzymes are less expensive and are available in a wide variety, likely to hinder the pace of growth for the concerned product.
OPPORTUNITIES:
The profitable opportunities identified in the market can be listed as the following:
- Product innovations are leading to better stabilization properties at lower costs.
- The food and beverage industry is continually exploring additive options that aid nutritive value, have longer shelf-life, and have higher stability. Hence, the better quality of efficient food emulsifiers and stabilizers presents growth opportunities for market players.
THREATS:
The adverse implications posing a threat in the market are:
- Governments across the world are imposing more strict standards of food production, pushing manufacturers to either comply or pull out of the game.
- Most processed food products that are marked as organic or non-GMO, and are supposedly healthier in nature, are also known to affect the gut microbiota, which could then lead to metabolic syndrome and increased health risks.
Identification of Key Trends Gravitating the Food Emulsifiers Market
The growing populace is widely adopting a sedentary lifestyle and has partially made a contribution to the rising incidences of lifestyle diseases and chronic ailments. Therefore, increasing awareness regarding the consequences of consuming unhealthy eating is prompting consumers to follow the trend of opting for trans-fat products.
These factors are compelling food manufacturers to risen the use of low-calorie organic food emulsifiers in edibles. The food emulsifiers are extensively being used as additives during the processing of victuals and are gaining momentum with evolving consumer inclination towards convenience food.
The interest in nourishment emulsifiers is likewise expected to be very high in the candy parlor and bread shop segment. With the interest in pastry kitchen items expanding, the interest in nourishment emulsifiers is likewise expected to ascend in the years ahead.
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Category-Wise Segments Steering the Food Emulsifiers Market
Mono & di-Glycerides of Fatty Acids – By Product Type
It has been observed while analyzing the food emulsifiers market that the mono & di-glycerides-based emulsifiers have been largely consumed during the base year in the U.S. They hold a dominant share and are attributed to 70% of consumption in the global market of food emulsifiers. This segment is anticipated to advance at a CAGR of 5.3% during the period 2023 to 2033.
The presiding usage can be attributed to its primary application for emulsifying, aeration, crystal modification, viscosity modification, starch complexing, and more. They are majorly being used in:
- Bakery Premixes
- Processed Food
- Margarine
- Frozen Desserts
Bakery & Confectionary – By Application
The bakery & confectionery segment is projected to hold the highest share during the forecast period. It is revealed during the analysis that this segment constituted 59.4% of the overall market share in the base year and is likely to dominate in the coming years.
The factors attributing to the expansion of the segment are:
- The demand for innovative baked products, especially those that are gluten-free and exhibit longer shelf life, is one of the major trends driving the growth of the bakery sector.
- Rising consumer requirements for nutritious and fibrous biscuits is another trending aspect of the food emulsifiers market.
Fine Powder – By Form
The fine powder segment is preferred by the food manufacturers prevailing in the market and has a total market share of 91%. It is being given more importance over the liquid because:
- The Fine powder allows high flexibility with dosing and offers active nutrient delivery.
- In powdered form, the absence of water prevents the occurrence of oxidative phenomena.
These factors of fine powder are likely to upsurge the market demand for food emulsifiers in the coming years.
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Competitive Landscape
Biggies Revolutionizing the Food Emulsifiers Market
The manufacturers are significantly investing in research & development to enhance the functional attributes of their existing product portfolio. They are frequently indulging in M&As to curate more effective food emulsifiers and expand the market share further.
Recent Developments
- April 2023: Corbion boosts its ability to produce emulsifiers that are utilized in dairy products.
- May 2023: DuPont announces an additional range of clean-label emulsifiers.
- June 2023: Kerry Group announced the purchase of a firm that focuses on the development of emulsifiers for baking goods.
Key Segments in the Food Emulsifiers Market
By Source:
- Plant-derived
- Animal-derived
By Product Type:
- Lecithin
- Derivatives of Mono, Di-glycerides
- Sorbitan Esters
- Polyglycerol Esters
- Stearoyl Lactylates
- Others
By Application:
- Bakeries
- Confectionaries
- Dairy Products
- Functional Foods
- Salads and Sauces
- Infant Formula
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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