2021 Analysis and Review: Food Emulsifiers Market by Nature – Natural and Synthetic for 2021-2031
The increase in the consumption of processed foods in addition to the expansion of bakeries and confectionery are among the key factors fueling the demand for food emulsifiers. According to a new study by Future Market Insights (IMF), the food emulsifiers market is expected to reach $ 3.3 billion by 2021. The demand for effective preservative ingredients in the food industry has remained a consistent trend. It has enabled market growth and will continue to drive global expansion, especially as application in processed foods and bakeries is steadily increasing. IMF forecast that the processed food segment will continue to dominate the market during the report’s forecast period, 2021 to 2031. It is expected to account for nearly a quarter of food emulsifiers sold during the assessment period.
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Today, the food emulsifier is gaining ground in the manufacture of food products because of its desirable qualities which aid in the preservation of processed and ready-to-use foods, in addition to making them more attractive. The growing market for prepared and processed foods is supported by fast-paced lifestyles, office jobs, a growing female workforce, and socio-cultural aspects. These aspects of lifestyle change have helped reshape the eating habits of consumers. The shift from three square meals at the family table to 24-hour snacking is pushing the manufacturer to adopt food emulsifier to bridge the gap between supply and demand for processed food formats.
In addition, manufacturers are also focusing on the development of new emulsifier solutions capable of reducing the calorie content of food products. The market is seeing a growing number of research and development centers emerge across the world. The companies are trying to expand their production and business footprint by acquiring key companies in the emulsifiers segment.
The IMF study delves into the prevailing dynamics to offer interesting insights into the Food Emulsifiers market. Some of them are:
- The food emulsifiers market will continue to show a constant growth rate until 2031. IMF predicts that the market will show a growth of 4.4% year-on-year in 2021
- The United States will become the main global market and will represent 88.8% of the North American market in terms of volume in 2021
- UK to post 0.9% year-on-year growth in 2021 in terms of volume
- Germany and France will continue to offer lucrative growth opportunities
- Japan and South Korea will become attractive markets, however, China will continue to dominate the East Asian market throughout the forecast period
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“Innovation in food products is expected to create a remarkable growth opportunity for market players in the years to come. In addition, a wider consumer base for healthy fast food is contributing to the growth of the global market ” said a senior IMF analyst
Some of the major companies operating in the market are BASF SE, Adani Wilmar Limited, Archer Daniels Midland Company, Cargill Inc, Dow Corning Corporation, EI Dupont De Numours and Company, Evonik Industries AG, Ingredion Incorporated, Kerry Group Plc, Koninklijke DSM NV, and others. Some of these companies focus on acquisition as a key strategy to gain competitive advantage. For example, in January 2017, Palsgaard acquired a major stake in Candon Aditivos para Alimentos, which is a Brazilian ingredients company and supplier of baking emulsifiers.
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Get Valuable Insights About Food Emulsifiers Market
Future Market Insights, in its new report, presents an unbiased analysis of the global Food Emulsifiers market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study reveals compelling information about the observed growth on the market. Based on the type of product, the market can be segmented into fatty acid lactic esters (sodium stearoyl lactylate, sodium behenoyl lactylate, sodium isostearoyl lactylate, sodium lauroyl lactylate), lecithins, fatty acid mono and diglycerides, esters of fatty acid monoglycerides, polysorbates, polyglycerol esters, polyglycerol polyricinoleate and others. In terms of nature, the market can be segmented into natural and synthetic. In terms of form, the market can be segmented into fine powder and hydrate. On the basis of end use, the market can be segmented into bakery, confectionery, beverages, dairy, processed food, and others. Regionally, the market covers North America, Latin America, Europe, South Asia, East Asia, Oceania, and MEA.
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