Market Research Report
Global Food Emulsifiers Market - 2021-2028
|Global Food Emulsifiers Market - 2021-2028|
Published: July 12, 2021
Content info: 180 Pages
Delivery time: 2 business days
Food emulsifiers are used to improve food texture, mix ingredients well, and provide excellent flavor. It is used in various foods due to its multiple properties and function advantages. The rise in consumption of processed foods due to the rising disposable income and the increasing end-user applications of food emulsifiers are expected to drive the overall food emulsifiers market. Moreover, rapidly growing urbanization have escalated demand for processed food products. The product helps to improve the texture, appearance, and taste of processed foods. These properties make it suitable for its utilization in manufacturing instant mashed potatoes, cheese, canned and carbonated beverages which will enhance the market size. The global food emulsifiers market valued USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028)
Market Dynamics: Increase in the consumption of convenience foods and boosts demand for high quality and premium products
There is a clear shift in the food consumption pattern from unprocessed foods to processed and ultra-processed foods. Hectic lifestyles in developed nations have led to a declining trend in cooking and an increase in snacking patterns. Consumers are more inclined to buying processed foods such as breads & cereals, frozen & packaged meals, and processed meat & fish. This has resulted into 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.
Moreover, the food & beverage industry is continually looking for additives and ingredient options that aid the nutritive value of food products, have a longer shelf-life, better structure, and high stability. Therefore, the usage of better-quality and more efficient additives presents growth opportunities for various market players.
While the usage of food additives across a number of food & beverage applications remains indispensable, their extensive usage is also known to be associated with a number of health issues amongst consumers. Similar concerns also arise with the extensive usage of food emulsifiers in processed food & beverage products. As a result of such negative health implications, many countries have also regulated the usage of these harmful emulsifiers in food applications. For instance, the US FDA has approved polysorbate 80 for its usage in select foods till up to 1%, while E466 is deemed GRAS (generally regarded as safe), and can be used in various foods till up to 2%. Therefore, the adverse implications of emulsifiers on human health are expected to pose a serious challenge on their usage in processed food products, thereby impacting the market growth.
Market Segmentation: Plant-based segment is predicted to hold prominent share in the global market of food emulsifiers
The food emulsifiers market, by source, has been segmented into plant-based and animal-based emulsifiers. The market, by source, is estimated to be dominated by the plant segment in 2020 and is also projected to grow at a higher CAGR. Plant-based food emulsifiers are preferred to animal-based food emulsifiers, as they are less harmful and more stable in food formulation. These factors drive the plant segment in the food emulsifiers market.
By type, Mono, di-glycerides & derivatives held the highest revenue share of the total industry in 2020. These products are glycerin-based fatty acid esters that help in improving the surface activity required for proper stabilization and homogenization of processed victuals. Mono-, di-glycerides & derivatives are extensively consumed for manufacturing dairy and bakery items, including cakes, ice creams, margarine, and bread. In terms of revenue, this category is projected to expand at a CAGR of XX% from 2016 to 2025, due to their large consumption in the bakery sector.
Geographical Penetration: Asia Pacific is the largest market for food emulsifiers with a share of nearly XX% in 2020
By geography, Asia Pacific is expected to dominate the global food emulsifiers market in the year 2020, growing with a CAGR of xx% during the forecast period. The high consumption of food & beverage products in Asia Pacific is rising steadily, driven by the growing population, rising incomes, and rapid urbanization. Emulsifying agents represses foaming and stimulates emulsification for manufacturing tofu. Meat is being increasingly substituted with tofu owing to its cholesterol free and gluten free properties. Rising demand of vegan diets in China and Japan will escalate tofu manufacturing which will enhance regional product demand.
The global food emulsifiers market is highly fragmented. Major players operating in the market including Palsgaard, Cargill, Mitsubishi Chemical Corporation, Riken Vitamin, and Lonza Group. Companies are involved in strategic alliances including mergers & acquisitions, joint ventures, partnership to implement innovative technologies with growth in production capacity to cater rising product demand. Companies such as Palsgaard and Riken Vitamin are significantly investing in research & development for enhancing the functional attributes of their existing product portfolio. Stepan Company is one of the key players offering emulsifying agents to various food & beverage application sectors. The company provides mono- and di-glycerides under the name DREWMULSE, which helps in stabilization and emulsification of nutrition and food systems. In March 2020, Kerry Group set up a new regional development and food manufacturing facility in Georgia, Rome. This new establishment would help the company to serve its customer base in Europe, increase its production capacity, and expand its geographic reach. In February 2020, ABITEC launched new clean label ingredient NUTRI SPERSE MCT GA, a powdered lipid into the food and nutrition market
COVID-19 Impact: Negative impact on the food emulsifiers market due to rise in health consciousness among consumers
Health problems associated with the consumption of emulsifiers, may limit demand due to post covid-19 consumer behavior and altering choices. Post covid-19 people have become more aware about the products they consume along with the point of origin. This has further escalated the demand for high-end products. Quality remains the chief objective in the consumer mindset with a greater number of people willing to invest a higher amount for the best quality product. Covid-19 has opted the manufacturers to look for high quality ingredients and products for the consumers. Consumers are ready to pay a higher amount given the high quality of the product. This has resulted in manufacturers to focus more on maintaining a strong relationship with the value chain stakeholders.