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.
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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
- Lecithin
- Others
Southeast
Asia Food Emulsifier Market: By Application Type
- Dairy Products
- Convenience Foods
- Bakery & Confectionery
- Meat Products
- Others
Southeast
Asia Food Emulsifier Market: By Country
- Thailand
- Indonesia
- Malaysia
- Vietnam
- Rest of Southeast Asia
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