According
to the report by Persistence Market Research titled “Global Market
Study on Emulsifiers: Food & Beverage Application Segment
Projected to Dominate the Global Market Through 2024 ”, the total
worth of the market will soar during the projected period. The market
will record a CAGR of 6.0% within the foreseen period. The report
showcases some of the major and important elements that will beef up
the ecosystem of the market. The report also minutely scrutinizes the
loopholes in the market to give a proper and smart 360-degree view of
the market. The in-depth research of the market reveals that the
global
emulsifiers market showed a robust market value in 2015 and
the market value will climb up to US$ 5,934.5 Mn by 2024 end. The
popularity of the food emulsifiers in the packaged food industry has
increased in the last few years. As food emulsifiers are best used to
stabilize an emulsion by pushing up its kinetic stability. They also
bring in significant change in the look of the food and arrest the
development of cavity in any sort of food product. The personal care
industry is also playing a pivotal role in changing the scene of the
global emulsifiers market. The increased use of the sodium behenoyl
lactylate in several personal care and cosmetic products is also
opening a new window of growth for the global emulsifiers market.
The
rapid investment in the food processing industry is also pushing the
envelope for the global emulsifiers market. Apart from these the
factors such as emerging market for convenience and packaged foods,
growing need of the health conscious low fat foods and prevalence of
the multi-functional properties ingredients in the personal care and
beauty industry will complement the growth of the global emulsifiers
market. Though the market will flourish within the assessment period
as per the report, but certain key factors such as strict government
rules, mushrooming low priced products and frequent changes in
consumer choices will clamp down the organic growth of the global
emulsifiers market within the period of assessment. The growth of
the food and beverage industry in Europe and APAC region is expected
to boost revenue growth of the global emulsifiers market. The rise of
the China and India as the new economic powers is also a good sign
for the global emulsifiers market. The global emulsifiers market is
segmented into three sub categories. The application type, product
type and region are three major fragments of the market.
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Global
emulsifiers market forecast
The
product type segments, mono & di-glycerides of fatty acid segment
will be the lead the market with a whooping CAGR within the
assessment period. This fragment is expected to occupy maximum market
share towards the close of the period of prediction. The food and
beverage segment will lead the pack. This section will dominate
highest market share in terms of value and volume. The segment will
record a CAGR of 6.3% within the assessment period. The Asia Pacific
market will be the fastest expanding market. The region will witness
a CAGR of 7.4% by the end of the assessment period.
Global
emulsifiers market: Top companies in the market
There
are several companies which are working in this block. The major
stakeholders of this market are Puratos Group, The Lubrizol
Corporation, Cargill, Incorporated, Kerry Group, The Dow Chemical
Company, Koninklijke DSM N.V., BASF SE, Palsgaard A/S, Stepan
Company, and the Spartan Chemical Company. Most of these major market
players are trying to capitalize on the new market opportunities and
trying to foray into several new segments through strong network of
distributors.
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