Product
innovation is the key to cater to the demand for emulsifier in
Southeast Asia. Consequently, leading companies operating in the
Southeast Asia emulsifier market are investing in research and
development of novel products as their key strategy to gain
competitive advantage, finds Transparency Market Research (TMR) in a
new study. The study has identified E.I. du Pont de Nemours and
Company, Archer Daniels Midland Company, Associated British Foods
Plc., BASF SE, Koninklijke DSM N.V., among others as key companies
operating in the Southeast Asia emulsifier market. A majority of the
key market players are also focusing on upgrading the functional
attributes of products they offer. Besides this, investment towards
expanding product portfolio has also risen in the past couple of
years. “Leading market players are keen to ensure their products
have better taste, texture, nutritional value, and improved shelf
life. Their focus on improving product quality is expected to boost
the Southeast Asia emulsifier market,” said a lead TMR analyst.
Download
PDF Brochure @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4770
The
reports has pegged the Southeast Asia food emulsifier market at
US$173.3 mn in 2014. Exhibiting a steady 5.1% CAGR between 2015 and
2021, the market is forecast to reach US$248.3 mn by the end of 2021.
Based on application, the demand for emulsifier in Southeast Asia is
likely to be the highest in the bakery and confectionary segment.
Besides this, the market is expected to witness demand from meat
products, dairy products, convenience foods, and other segments. In
terms of country, the emulsifier market in Thailand, Indonesia,
Vietnam, Malaysia, and Rest of Southeast Asia is expected to
lucrative prospects in the coming years. Among these countries,
Indonesia and Malaysia is projected to emerge dominant, holding 38.2%
and 25.2% of the overall market, respectively by 2021.
Changing
Consumer Preference and Lifestyle to Fuel Demand for Food Emulsifier
in Southeast Asia
The
rising urban population in emerging countries across Southeast Asia
has fuelled the demand for food emulsifier. Urban living can get
hectic as a result of which the demand for convenient and packaged
food has greatly escalated in the past few years. This incrementally
rising demand for packaged foods is a chief driver of the food
emulsifier market in Southeast Asia. In addition, the market
is expected to gain significantly from the expansion of the bakery
and confectionary and functional foods industries in the region.
Stringent
Regulations May Restrain Growth in Coming Years
On
the downside, stringent regulations implemented on countries such as
Singapore and Thailand can curtain the use of food emulsifiers, thus
negatively impacting the overall Southeast Asia food emulsifier
market. Furthermore, organizations such as FDA maintain a strict
safety standards to ensure that preservatives are safe for their
intended use. Such stringent regulations can restrain the market to
an extent.
Nonetheless,
the use of food emulsifiers as additives while processing victuals is
forecast to rise at an accelerated pace. Because they have a broad
application spectrum from meat processing to bakery, the demand for
food emulsifiers will rise progressively during the course of the
forecast period. Furthermore, rapid industrialization and expansion
of the food and beverages industry in Asia Pacific will pave the way
for the market’s steady growth in the coming years. Also, changing
consumer preference with regards to texture, quality, nutritional
value, and taste of victuals is likely to boost the Southeast Asia
food emulsifier market in the coming years.
No comments:
Post a Comment