Global
Food Emulsifier Market: Overview
The
growth of the global
food emulsifier market has been exceptional over the last
couple of years owing to the rising demand for packaged and ready to
eat food products. The growing number of consumers who are health
conscious and are demanding low-fat food products are also driving
the growth of the global market for food emulsifier. Additionally,
the demand for food emulsifier is also expected to be quite high from
the confectionery and bakery sector. With the demand for bakery
products increasing, the demand for food emulsifier is also expected
to rise in the years ahead. The market is also expected to witness
positive changes from the improvements and innovations taking place
in the industry pertaining to food emulsifier. The global market for
food emulsifier is further expected to be driven by the growing
demand for food emulsifier from emerging nations in Asia Pacific such
as China and Japan. With the rise in the global drift towards a
healthier lifestyle and rising health concerns among consumers, the
demand for food emulsifier is likely to intensify in the years ahead,
thus supplementing the growth of the market in return.
The
global market for food emulsifier is expected to rise at a 4.0% CAGR
from 2014 to 2021. The market is expected to reach a valuation of
US$4.3 bn by the end of 2021 from worth US$3.2 bn in 2014.
Convenience
Food to Hold Significant Share in Global Food Emulsifier Market
The
worldwide food emulsifier market has been divided on the premise of
application into meat products, confectionery and bakery products,
convenience foods, and dairy products, among others. The size,
position, and presence of the emulsifier market relies upon
confectionery and bakery products and convenience foods. As far as
income is concerned, the convenience food segment held the
significant piece of the pie in 2014. It is trailed by the
confectionery and bakery products, dairy products, and meat products
in the exact order in 2014. The expanding sales of convenience foods
is relied upon to drive the development of the food emulsifier market
internationally. Occupied ways of life and changing eating designs
are the elements that are driving the development of the segment for
convenience food products, and this, thus, is driving the development
of the food emulsifier market, all around.
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Asia
Pacific to Emerge as Most Lucrative Region
Region-wise,
the global market for food emulsifier has been classified into Asia
Pacific, North America, Europe, and the Rest of the World. The
factors that are driving the growth of the market in these regions
are inclination of low fat food products among consumers, high use in
ice cream and bakery products, rising demand in developing economies,
and growing demand for packaged foods. Among all the regions, Asia
Pacific is anticipated as the most lucrative region owing to the
growing demand from Japan, China, and India mainly. China and India,
being the most populated, have the leading demand for food emulsifier
in the region. At present, lecithin, sorbitan esters, di-glycerides
and derivatices, and the mono are highly preferred by the consumers
there. Thus, the market for food emulsifiers in the region is
anticipated to grow at a substantial rate in the region over the
course of the forecast period.
The
leading companies operating in the market are Givaudan SA, Chr.
Hansen Holding A/S, BASF, CP Kelco U.S., Inc., DSM Nutritional
Products AG, Archer-Daniels-Midlands Company, Associated British
Foods Plc., Ajinomoto Co., Sensient Technologies Corporation, and
Cargill Inc.
