Published: Nov, 2016
The key players operating in the Southeast Asia food emulsifier market at the moment, include Givaudan SA, Sensient Technologies Corporation, Chr. Hansen Holding A/S, BASF SE, Associated British Foods Plc., Ajinomoto Co., Cargill Inc., CP Kelco U.S., DSM Nutritional Products AG, and Archer-Daniels-Midlands Company. As seen, there is a high presence of players associated with the global food emulsifier market, denoting a greater level of interest shown by globally prominent players. At the same time, the Southeast Asia food emulsifier market does include its fair share of regional players.
According to a research report released by Transparency Market Research, the Southeast Asia food emulsifier market is expected to expand at a CAGR of 5.1% within a forecast period from 2015 to 2021, in terms of revenue. By the end of 2021, the market’s revenue is expected to reach US$248.3 mn.
Many Advantages of Food Emulsifiers Brought to Focus by Producers
Food emulsifiers perform multiple beneficial tasks when they are added to food products. Primarily, they help maintain a bacteria-free food product which is a positive answer to the growing rate of food-borne illnesses in SEA. They thus help maintain the overall quality and lifespan of food products and have been known to be of common usage in ice creams and bakery products. Additionally, food emulsifiers are catering the currently large health conscious population through their ability to reduce fat content in foods.
Big Numbers for Convenience Foods in Southeast Asia
“The number one driver for the Southeast Asia food emulsifier market at the moment is the staggering demand for convenience foods in nearly all countries in this region. Busy lifestyles, entrance of several popular international food and beverage names, and the increasing appeal of convenience and ready-to-eat foods is creating a very high growth rate for associated food product manufacturers. But at the same time, the people are becoming increasingly health conscious and are aware of the consequences of overconsumption of unhealthy and fattening foods. This is creating a unique window for the manufacturers of food emulsifiers in this region,” states a TMR analyst.
Government Regulations Continue to Hamper Food Emulsifier Production Rates
One of the key factors holding the Southeast Asia food emulsifier market back is the highly stringent regulatory framework surrounding several countries from this region, for the food and beverage industry. The regulations in Singapore and Thailand, for instance, prohibit the manufacturers from using several key ingredients necessary to make conventional food emulsifiers. As a result, they have to resort to other methods, the production of which can become more expensive. Added to the national regulatory framework is the influence of regulations from export nations, such as the U.S. FDA. Trade countries have their own set of regulations that players from the Southeast Asia food emulsifier market when it comes to exports.
“Countries such as Thailand and Vietnam are in focus for key players in the Southeast Asia food emulsifier market. These are the emergent economies that are showing a highly positive potential for securing a growing demand chain for manufacturers. Vietnam has especially made sound development in expanding its demand for food emulsifiers over the recent past and is likely to continue showing a promising growth rate for the coming years. Thailand on the other hand is relatively untapped and provides a major source of opportunities should the demand for convenience foods in this region increase,” adds the analyst.
The information presented in this review is based on a Transparency Market Research report, titled, “Food Emulsifier Market - Southeast Asia Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”
Key segments of the Southeast Asia Food Emulsifier Market
Southeast Asia Food Emulsifier Market: By Product Type
- Stearoyl Lactylatess
- Mono, Di-Glycerides & Derivatives
- Sorbitan Esters
Southeast Asia Food Emulsifier Market: By Application Type
- Dairy Products
- Convenience Foods
- Bakery & Confectionery
- Meat Products
Southeast Asia Food Emulsifier Market: By Country
- Rest of Southeast Asia
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