Global Vegan Emulsifier Market - 2023-2030

Overview

Global Vegan Emulsifier Market reached US$ 1.06 billion in 2022 and is expected to reach US$ 1.98 billion by 2030, growing with a CAGR of 8.1% during the forecast period 2023-2030.

Vegan emulsifiers, often perceived as healthier alternatives to traditional emulsifiers derived from animal sources, are gaining traction among health-conscious consumers. Continuous research and development efforts in the food industry are leading to the introduction of new and improved vegan emulsifiers. These innovations cater to specific needs such as improved texture, stability, and shelf life, further driving market growth.

For instance, in 2022, Tate & Lyle, a prominent UK-based sweetener manufacturer, introduced an emulsifying wheat protein targeted specifically for coffee creamers. Marketed as a cost-effective alternative to caseinates, the product, Meripro 711, offers a fitting solution for various applications. This launch adds to Tate & Lyle's array of 'value-added' ingredients, expanding their portfolio that already includes starches, soluble wheat proteins, and the well-received sugar replacer Splenda.

Consumers in North America are increasingly concerned about the health implications of their food choices. Vegan emulsifiers, which are often perceived as healthier alternatives to their animal-derived counterparts, are gaining popularity among health-conscious individuals. The clean label movement, which emphasizes simple, natural ingredients, further boosts the demand for vegan emulsifiers.

Dynamics

Increasing Vegan Population

As the number of vegans and individuals adopting plant-based diets continues to rise, there is a corresponding increase in the demand for vegan-friendly ingredients, including emulsifiers. Vegan consumers actively seek products that align with their dietary choices, driving manufacturers to reformulate existing products and develop new ones with vegan emulsifiers, driving the global vegan emulsifier market growth.

For instance, in 2023, according to The Vegan Society, determining the exact global vegan population is a complex endeavor. However, available data indicates that there are roughly 79 million vegans worldwide. Considering the total global population reaching 7.8 billion, the proportion of vegans remains relatively small, which drives the global vegan emulsifier market.

Market trends indicate a shift towards plant-based alternatives in response to changing consumer preferences. Manufacturers are continually innovating to develop new vegan products to cater to this growing demographic. Vegan emulsifiers play a crucial role in these formulations, enabling the creation of plant-based alternatives with desirable textures, tastes, and shelf stability, boosting market growth.

Rising Awareness of Vegan Diets

The rising awareness of vegan diets is expected to significantly impact the global vegan emulsifier market. As more consumers adopt plant-based lifestyles, there is a growing demand for vegan-friendly ingredients across various industries, including food and cosmetics. Emulsifiers play a crucial role in these sectors by enabling the blending of ingredients that would otherwise separate, contributing to the texture, stability, and shelf-life of products.

Vegan emulsifiers offer a solution that aligns with the ethical and dietary preferences of vegan consumers while maintaining the functionality and quality of the end products. This shift in consumer preferences is driving the adoption of vegan emulsifiers by food and beverage companies, cosmetic manufacturers, and pharmaceutical firms. As a result, the global market for vegan emulsifiers is experiencing significant growth.

According to the Good Food Institute, sales of plant-based foods surged in 2021, outpacing the growth of non-plant-based foods by threefold. The value of the vegan market rose from $14.44 billion in 2020 to $15.77 billion in 2021. Moreover, the plant-based meat market has seen remarkable growth in recent years. Projections indicate that by 2026, it is expected to grow by 18.9%. Despite this impressive growth trajectory, plant-based meat currently accounts for only 2% of all packaged meat sales in the United States.

Stringent Regulatory Constraints

Regulatory agencies set stringent safety and quality standards for food ingredients to protect consumer health and ensure product integrity. Vegan emulsifier manufacturers must demonstrate compliance with these standards through rigorous testing and documentation. Failure to meet regulatory safety and quality requirements can result in product recalls, regulatory sanctions, and damage to brand reputation, negatively impacting the market growth.

Stringent regulatory constraints in the vegan emulsifier market are evident through the comprehensive regulations governing food emulsifiers in many countries. For instance, on October 17, 2023, the US Food and Drug Administration (FDA) oversees the composition of foods through Title 21 of the Code of Federal Regulations. Within these regulations, sections 182 and 184 detail substances deemed "Generally Recognized as Safe (GRAS)" and those "Affirmed as GRAS" additives, respectively.

Common emulsifiers such as diacetyltartaric ester of monoglycerides, lecithin, mono- and diglycerides, as well as monosodium phosphate derivatives of mono and diglycerides, fall under the GRAS category. These emulsifiers have extensive usage histories and boast impeccable safety records within food preparations. Such regulatory scrutiny ensures consumer safety and product integrity, albeit presenting stringent hurdles for new entrants or alternative products like vegan emulsifiers to meet these established safety standards and gain regulatory approval.

Segment Analysis

The global vegan emulsifier market is segmented based on type, form, source, application, and region.

Growing Demand for Versatility and Functionality and Innovations of Lecithin

Lecithin holds the largest share of the global market. Lecithin, a natural emulsifier derived from plant sources such as soybeans, sunflower seeds, and rapeseed, offers versatile emulsification properties. It is widely used in various food and beverage applications, including bakery, confectionery, dairy alternatives, and processed foods. The multifunctional nature of lecithin makes it a preferred choice for manufacturers seeking effective emulsification solutions in vegan products.

Manufacturers are continually innovating to enhance the functionality and performance of lecithin-based emulsifiers. This includes developing tailored solutions for specific applications, improving emulsification efficiency, and enhancing stability. Such innovations drive the adoption of lecithin in a wide range of products, consolidating its position as a leading segment in the vegan emulsifier market.

Geographical Penetration

Changing Consumer Preferences and Expanding Food Industry in North America

Changing consumer preferences in North America are boosting the demand for vegan and plant-based products across various food and beverage categories. As consumers seek healthier, more sustainable alternatives, manufacturers are reformulating their products to include vegan emulsifiers, thus expanding the market. The regulatory environment in North America is increasingly supportive of plant-based and vegan products, further stimulating market growth.

The expansion of retail outlets and distribution channels across North America makes vegan products, including those containing vegan emulsifiers, more accessible to consumers. This increased availability encourages product adoption and contributes to market expansion. Food manufacturers in the region are investing in research and development to create innovative plant-based products, boosting the demand for vegan emulsifiers.

For instance, on February 1, 2021, IFF announced a merger with DuPont's Nutrition & Biosciences business, following a Reverse Morris Trust transaction. The common stock of the merged company will be traded on the New York Stock Exchange. This merger consolidates resources and expertise, offering a strengthened platform for product development, innovation, and market presence, including advancements in vegan emulsifier solutions.

COVID-19 Impact Analysis

The COVID-19 pandemic had a mixed impact on the global vegan emulsifier market. Initially, during the early stages of the pandemic, the market experienced disruptions in the supply chain due to lockdowns, restrictions on movement, and closures of manufacturing facilities. These disruptions led to challenges in sourcing raw materials, production delays, and logistical bottlenecks, which impacted the availability of vegan emulsifiers in the market.

However, as the pandemic progressed, there was a notable shift in consumer behavior towards healthier and more sustainable dietary choices, including plant-based options. This trend was driven by heightened health consciousness, increased awareness of the link between diet and immunity, and concerns about food safety and animal welfare. Consequently, there was a growing demand for vegan products, including vegan emulsifiers, as consumers sought out alternatives that aligned with their values and preferences.

Russia-Ukraine War Impact Analysis

Ukraine is a significant exporter of agricultural commodities, including grains and oilseeds, which are crucial ingredients in vegan emulsifiers. The conflict in Ukraine led to disruptions in the production and export of these raw materials, resulting in shortages and price volatility in the global market for vegan emulsifiers. Companies reliant on Ukrainian suppliers faced challenges in sourcing alternative raw materials, affecting their production capacity and market competitiveness.

The conflict in Ukraine disrupted trade routes and transportation networks, affecting the flow of goods and ingredients essential for the production of vegan emulsifiers. Trade restrictions led to delays, impacting the timely delivery of vegan emulsifiers to customers. The Russia-Ukraine war influenced consumer behavior and preferences, leading to changes in demand for vegan emulsifiers and related products, affecting consumption patterns and demand for vegan products in affected regions.

By Type

• Lecithin
• Mono- and Diglycerides
• Sorbitan Esters
• Polyglycerol Esters
• Others

By Form

• Liquid
• Powder
• Paste

By Source

• Sunflower
• Soy
• Canola
• Others

By Application

• Pharmaceutical
• Personal Care
• Industrial
• Food
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In October 2023, Berg+Schmidt, a leader in natural cosmetic ingredients, introduced its new BergaMuls ET2. This innovative plant-based emulsifier is formulated to enhance rheological properties and deliver an exceptional skin-feel experience. Utilizing upcycled dietary fibers sourced from gum or cellulose, BergaMuls ET2 is crafted into a powder, offering diverse functionalities within formulations.
• On December 21, 2021, Nanyang Technological University, Singapore (NTU Singapore), launched a significant advancement in plant-based technology. A group of researchers has achieved a breakthrough by developing an emulsifier rich in protein and antioxidants. Remarkably, this emulsifier is devoid of traditional ingredients like eggs and dairy. Initial studies suggest its potential to replace animal-derived products in various food applications, with examples including mayonnaise and whipped cream.
• On March 5, 2020, Ingredion Incorporated, a prominent global supplier of ingredient solutions across various industries, introduced a new clean-label ingredient tailored for the U.S. and Canadian markets - EVANESSETM CB6194 clean-label emulsifier. EVANESSE CB6194 clean label emulsifier is derived from vegan chickpea broth, offering the emulsification capabilities typically associated with conventional additives.

Competitive Landscape

The major global players in the vegan emulsifier market include DSM, Cargill, Incorporated, BASF SE, Archer Daniels Midland Company, Ace Ingredients Co., Ltd., Lonza Group, Kerry Group plc, Ingredion Incorporated, Palsgaard A/S, Kalichem s.r.l.

Why Purchase the Report?

• To visualize the global vegan emulsifier market segmentation based on type, form, source, application, and region, as well as understand critical commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous vegan emulsifier market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of critical products of all the major players.

The global vegan emulsifier market report would provide approximately 70 tables, 67 figures, and 213 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies