A
fresh business and commerce study by Transparency Market Research
(TMR) has detected that the food emulsifier market in Southeast Asia
is heavily dependent on product innovation in order to meet diverse
demands. Consequently, research and development of new products is
the primary strategy adopted by the key companies operating in
Southeast Asia food emulsifier market, such as Archer Daniels Midland
Company, BASF SE, Cargill, Inc., E.I. du Pont de Nemours and Company,
Ajinomoto Co., Associated British Foods Plc., Koninklijke DSM N.V.,
J.M. Huber Corporation, Chr. Hansen Holding A/S, and Givaudan SA.
While Riken Vitamin and Palsgaard are focused on developing products
with enhanced functional attributes, Danisco A/S already has a
portfolio involving goods that possess enhanced taste, nutritional
value, texture, and improved shelf life. On the other hand, Cargill,
Inc. offers synthetic emulsifier for chocolate, bakery, and snacks.
As
per the projections of the TMR report, the demand in the Southeast
Asia food emulsifier market will increment at a CAGR of 5.1% during
the forecast period of 2015 to 2021. The report has evaluated that
the opportunities in this market were worth US$173.3 mn in 2014, and
estimates it to swell up to a valuation of US$248.3 mn by the end of
2021.
Application-wise,
the food emulsifier market in Southeast Asia gains maximum demand
from bakery and confectionery, significantly more than all other
segments put together, including dairy products, meat products,
convenience foods, and others. The report observes that demand for
gluten-free baked products is escalating, besides gaining traction
from growing consumer preference for nutritious and fibrous biscuits.
Country-wise,
the report gauges the potential of food emulsifier market in
Indonesia, Thailand, Malaysia, Vietnam, and Rest of Southeast Asia.
In 2014, Indonesia and Malaysia were the two key country-wide markets
for food emulsifier. While Malaysia accounted for 25.2% of the demand
share, Indonesia was the primary market and is projected to serve
38.2% of the overall demand in Southeast Asia food
emulsifier market by 2021.
Based
on product type, the market has been bifurcated into Stearoyl
Lactylatess, Mono, Di-Glycerides & Derivatives, Sorbitan Esters,
Lecithin, and others, with mono, di-glycerides & derivatives
constituting for 43.4% for the demand share, followed by lecithin
which accounted for 23.7%. Mono-, di-glycerides & derivatives are
extensively consumed for manufacturing dairy and bakery items,
including ice creams, cakes, bread, and margarine.
The
sudden rise of urban population in these emerging economies in Asia
Pacific is the primary reason behind the prosperity of Southeast food
emulsifier market. The urban population live a restless life and
consequently, the demand for packaged food as increased leaps and
bounds in the recent past. Incrementing 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
witnessing robust growth due to its increasing demand across
confectionery and bakery among others. In addition to that, consumers
are now preferring food that are low on fat and healthy. Moreover,
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 propel the demand in the
food emulsifier market.
No comments:
Post a Comment