Rising
demand for convenience food is the major factor boosting the demand
for food emulsifier in Southeast Asia. The food emulsifier market in
Southeast Asia has been experiencing robust growth due to its
increasing demand across confectionery and bakery among others. Apart
from these, preference to low fat food and health awareness are also
contributing to the growth of food emulsifier in Southeast Asia. In
addition, food emulsifiers are being added to the finished product to
increase the overall quality of bakery and functional foods. Growth
in the bakery industry in Southeast Asia is set to bolster the growth
of the food emulsifier market.
According
to the report, the Southeast
Asia food emulsifier market is expected to rise from a
valuation of US$173.3 mn in 2014 to a valuation of US$248.3 mn by
2021 at an estimated CAGR of 5.10%. Growing demand for packaged foods
counts as a major driver acting on the Southeast Asia food emulsifier
market in the forecast period. High demand for convenience foods is
also a major driver of the Southeast Asia food emulsifier market.
The
Southeast Asia food emulsifier market is segmented on the basis of
application into convenience foods, bakery and confectionery
products, meat products, dairy products, and others. As mentioned
before, convenience foods have led the demand for food emulsifiers in
Southeast Asia in the recent past, with a 24.8% share in the
Southeast Asia food emulsifier market in 2014, and will continue to
lead the market in the forecast period. Steady demand for bakery
products and dairy products from various countries will also enable
the Southeast Asia food emulsifier market to exhibit a strong CAGR in
the forecast period.
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The
report also profiles major players operating in the Southeast Asia
food emulsifier market for a comprehensive understanding of the
competitive landscape of the market. Players such as Cargill Inc.,
Associated British Foods plc, BASF SE, Ajinomoto Co., Archer Daniels
Midland Company, and Givaudan SA are examined in the report.
The
food emulsifier market is segmented as:
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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