Global Food Emulsifier Market: Overview
The growth of the global food emulsifier market has been exceptional over the last couple of years owing to the rising demand for packaged and ready to eat food products. The growing number of consumers who are health conscious and are demanding low-fat food products are also driving the growth of the global market for food emulsifier. Additionally, the demand for food emulsifier is also expected to be quite high from the confectionery and bakery sector. With the demand for bakery products increasing, the demand for food emulsifier is also expected to rise in the years ahead. The market is also expected to witness positive changes from the improvements and innovations taking place in the industry pertaining to food emulsifier. The global market for food emulsifier is further expected to be driven by the growing demand for food emulsifier from emerging nations in Asia Pacific such as China and Japan. With the rise in the global drift towards a healthier lifestyle and rising health concerns among consumers, the demand for food emulsifier is likely to intensify in the years ahead, thus supplementing the growth of the market in return.
The global market for food emulsifier is expected to rise at a 4.0% CAGR from 2014 to 2021. The market is expected to reach a valuation of US$4.3 bn by the end of 2021 from worth US$3.2 bn in 2014.
Convenience Food to Hold Significant Share in Global Food Emulsifier Market
The worldwide food emulsifier market has been divided on the premise of application into meat products, confectionery and bakery products, convenience foods, and dairy products, among others. The size, position, and presence of the emulsifier market relies upon confectionery and bakery products and convenience foods. As far as income is concerned, the convenience food segment held the significant piece of the pie in 2014. It is trailed by the confectionery and bakery products, dairy products, and meat products in the exact order in 2014. The expanding sales of convenience foods is relied upon to drive the development of the food emulsifier market internationally. Occupied ways of life and changing eating designs are the elements that are driving the development of the segment for convenience food products, and this, thus, is driving the development of the food emulsifier market, all around.
Asia Pacific to Emerge as Most Lucrative Region
Region-wise, the global market for food emulsifier has been classified into Asia Pacific, North America, Europe, and the Rest of the World. The factors that are driving the growth of the market in these regions are inclination of low fat food products among consumers, high use in ice cream and bakery products, rising demand in developing economies, and growing demand for packaged foods. Among all the regions, Asia Pacific is anticipated as the most lucrative region owing to the growing demand from Japan, China, and India mainly. China and India, being the most populated, have the leading demand for food emulsifier in the region. At present, lecithin, sorbitan esters, di-glycerides and derivatices, and the mono are highly preferred by the consumers there. Thus, the market for food emulsifiers in the region is anticipated to grow at a substantial rate in the region over the course of the forecast period.
The leading companies operating in the market are Givaudan SA, Chr. Hansen Holding A/S, BASF, CP Kelco U.S., Inc., DSM Nutritional Products AG, Archer-Daniels-Midlands Company, Associated British Foods Plc., Ajinomoto Co., Sensient Technologies Corporation, and Cargill Inc.
The market size in terms of revenue of the global food emulsifier market is forecasted during 2014 to 2021 at each sub-segment level. Food emulsifier are mainly used for providing stability in convenience foods, bakery & confectionery, meat products, dairy products, others. Convenience food leads the market share of food emulsifier market in terms of value. The increasing demand for packaged and convenience foods in western market is raising the demand for food emulsifier in Europe and North America.
Growing demand for packaged and convenience food is one of the major factors boosting the demand for food emulsifier globally. Apart from this, preference of low fat food is also contributing to the growth of food emulsifier market globally. The food emulsifier market has been observing high growth owing to high demand from the end user industries such as bakery and confectionery industries among others. Due to increase in demand of low fat foods Due to an increasing demand for bakery products, the food emulsifier market is anticipated to growth at high rate during the forecast period of 2014 to 2021. In addition, new product developments will also contribute to the growth of food emulsifier market globally.
The rise in the number of food borne diseases is driving the growth of the food emulsifiers market as emulsifiers are needed to maintain the overall quality of the product and to retain the fat in food products. The increasing usage of food emulsifiers in bakery products and ice creams is anticipated to boost the growth of the food emulsifiers market globally.
Food emulsifier market is segmented by product into stearoyl lactylatess, mono, di-glycerides & derivatives, sorbitan esters, lecithin and others. Amongst various product types, mono, di-glycerides & derivatives constituted the biggest market share followed by lecithin in 2014. Based on application types, food emulsifier is segmented into dairy products, convenience foods, bakery & confectionery, meat products and others. Increasing demand of convenience foods is one of the major factors driving the demand for food emulsifier. Sorbitan esters and stearoyl lactylatess is set to grow at a lager rate as compared to other products segment. Due to rise in demand of packaged and convenience foods, the market of sorbitan esters and stearoyl lactylatess is anticipated to grow at a high rate during the forecast period of 2014 to 2021. In addition, usage of food emulsifier in ice cream in various countries is driving the growth of global food emulsifier market.
The growth of the global food emulsifiers market is directly related to the growth of the ingredients market. Therefore, with the rise in sales of ingredients globally, the demand for food emulsifiers is anticipated to increase simultaneously. In regions such as Asia Pacific and Europe, the usage of food emulsifiers is anticipated to rise immensely during the forecast period, which in turn is anticipated to bolster the growth of the food emulsifiers market in such regions.
Based on geography, the global food emulsifier market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia Pacific holds the largest market share in the food emulsifier market followed by Europe, North America, and Rest of the World (RoW). The demand for food emulsifier in Asia Pacific is due to the huge population and growing health awareness among the people in developing nations such as India and China. The food emulsifier market in North America is anticipated to witness stable growth due to rise in demand of low fat food by consumers.
The key participants in the food emulsifier market are 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.
The report also provides an understanding of value (USD million) of food emulsifier. The study also provides forecast from 2015-2021 and highlights current and future market trends. The market attractiveness analysis is also covered in the report along with qualitative data relating to the drivers, restraints and opportunities governing the global food emulsifier market.
The report segments the food emulsifier market as:
Global Food Emulsifier Market: By Product Type
- Stearoyl Lactylatess
- Mono, Di-Glycerides & Derivatives
- Sorbitan Esters
Global Food Emulsifier Market: By Application Type
- Dairy Products
- Convenience Foods
- Bakery & Confectionery
- Meat Products
Global Food Emulsifier Market: By Geography
- North America
- Asia Pacific
- Rest of the World (RoW)