PUBLISHER: Grand View Research | PRODUCT CODE: 1133291
PUBLISHER: Grand View Research | PRODUCT CODE: 1133291
The Asia Pacific, Middle East And Africa emulsifiers market size is expected to reach USD 4.24 billion by 2030, as per the new report by Grand View Research, Inc., expanding at a CAGR of 6.7% from 2022 to 2030. The industry is majorly driven by the rapid growth of the food and beverage industries and increase in the population.
The market in Asia Pacific, Middle East And Africa is anticipated to be driven by the demand for emulsifiers in food and beverage products. Favorable regulatory policies promoting the use of bio-based products and high consumer awareness regarding the toxicity of synthetic products are expected to further complement the demand for emulsifiers in these regions over the forecast period.
The market is established with major applications in food products. Asia Pacific emerged as the leading region in 2021. However, regional jurisdiction and regulatory scenario in food and beverages processing are likely to be the challenges for regional growth.
Raw materials such as sorbitan esters and stearoyl lactylates are also used as emulsifiers. The lecithin (emulsifier) market is expected to witness substantial growth over the upcoming years owing to its lubricant and emulsification properties that are widely used in the food & beverage industry. Increasing demand for convenience foods, nutrients and supplements, and natural foods is expected to serve as a key driver for the market.
Emulsifiers are widely used in the baked food industry for improving taste, starch complexing, protein interaction, fat emulsification like in biscuits, viscosity and fat crystallization, modification of texture, improvement of aeration, and foaming properties in cakes.
A shortfall in product supply created a demand and supply gap, which affected the growth of the emulsifier market for a short span of time. However, the emulsifier market has moved toward stability and even gained profit since 2021, following relaxation in restrictions imposed by the governments of different nations. Manufacturers are recovering from the losses they incurred and are operating at full capacity. The aforementioned factors are projected to augment the industry growth over the forecast period.