The
intense rivalry between players, such as Cargill Inc.,
Archer-Daniels-Midlands Co., Ajinomoto Co., Associated British Foods
Plc., BASF, and DSM Nutritional Products AG, defines the competitive
landscape of the global food emulsifier market, finds a study by
Transparency Market Research (TMR). With a large number of
participants, the market demonstrates a highly fragmented structure.
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Hitherto,
these players were concentrating on product innovation to meet the
expectation of consumers. However, a shift in their focus towards
strategic alliances, mergers, and acquisitions can be seen in order
to enhance their visibility in the global market over the forthcoming
years.
As
per TMR, the global market for food emulsifiers offered an
opportunity worth US$3.3 bn in 2015. Supported by the growing demand
for convenience and packaged food products, the market is likely to
report a rise at a CAGR of 4.0% between 2015 and 2021 and reach a
value of US$4.2 bn by the end of the forecast period. Mono,
di-glycerides, and derivatives have emerged as the most valued
product in this market. The segment is likely to continue is leading
streak in the near future with sales crossing US$1.8 bn by 2021.
Food
Emulsifier Sales to Cross US$1.5 bn in Asia Pacific
According
to the research report, Asia Pacific has surfaced as the most
lucrative market for food emulsifiers across the world. The presence
of highly populous countries, coupled with the increasing preference
of consumers for packaged and convenience food, is driving the
consumption of food emulsifiers in this region significantly.
Analysts project Asia Pacific to remain the leading regional market
for food emulsifiers in the coming years with revenue reaching US$1.5
bn by 2020.
Europe
has also been a key contributor to the global market for food
emulsifiers. The emergence of France and Germany as the leading
manufacturers of food emulsifiers is likely to strengthen the
position of this region in the global market over the next few years,
notes the research study.
Growing
Preference for Packaged Food in Emerging Economies to Reflect
Positively on Global Food Emulsifier Sales
“The
growing preference for packaged food in emerging economies, on
account of the busy lifestyle of consumers and the rising influence
of western culture, has reflected significantly on the sales of food
emulsifiers across the world,” says a researcher at TMR. Of late,
China, Japan, and Brazil have exhibited a robust rise in the demand
for food emulsifiers and the trend is likely to remain so over the
next few years, supporting the market’s growth.
Apart
from this, the increasing usage of food
emulsifiers in bakery products and ice-creams is also expected to
impact the market positively in the years to come, states the
research report.
Stringent
Government Norms Regarding Usage of Food Additive to Affect Food
Emulsifiers’ Demand
Although
the growth prospects of the worldwide market for food emulsifiers are
bright, the enforcement of stringent government regulations,
standardizing the usage of food additives, may decelerate the growth
of this market over the forecast period. Besides, the introduction of
low-priced products by participants, in a bid to withstand the
intense competition, will impact the market profit considerably,
affecting the overall market in the coming years, reports the study.
The
study presented here is based on a report by Transparency Market
Research (TMR) titled “Food Emulsifier Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015–2021.”
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