Food Emulsifier Market Driven by Increasing Consumption of Baked Goods with Rising Westernization

The market size in terms of revenue of the global food emulsifier market is forecasted during 2014 to 2021 at each sub-segment level. Food emulsifier are mainly used for providing stability in convenience foods, bakery & confectionery, meat products, dairy products, others. Convenience food leads the market share of food emulsifier market in terms of value. The increasing demand for packaged and convenience foods in western market is raising the demand for food emulsifier in Europe and North America.

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Growing demand for packaged and convenience food is one of the major factors boosting the demand for food emulsifier globally. Apart from this, preference of low fat food is also contributing to the growth of food emulsifier market globally. The food emulsifier market has been observing high growth owing to high demand from the end user industries such as bakery and confectionery industries among others. Due to increase in demand of low fat foods Due to an increasing demand for bakery products, the food emulsifier market is anticipated to growth at high rate during the forecast period of 2014 to 2021. In addition, new product developments will also contribute to the growth of food emulsifier market globally.

The rise in the number of food borne diseases is driving the growth of the food emulsifiers market as emulsifiers are needed to maintain the overall quality of the product and to retain the fat in food products. The increasing usage of food emulsifiers in bakery products and ice creams is anticipated to boost the growth of the food emulsifiers market globally.

Food emulsifier market is segmented by product into stearoyl lactylatess, mono, di-glycerides & derivatives, sorbitan esters, lecithin and others. Amongst various product types, mono, di-glycerides & derivatives constituted the biggest market share followed by lecithin in 2014. Based on application types, food emulsifier is segmented into dairy products, convenience foods, bakery & confectionery, meat products and others. Increasing demand of convenience foods is one of the major factors driving the demand for food emulsifier. Sorbitan esters and stearoyl lactylatess is set to grow at a lager rate as compared to other products segment. Due to rise in demand of packaged and convenience foods, the market of sorbitan esters and stearoyl lactylatess is anticipated to grow at a high rate during the forecast period of 2014 to 2021. In addition, usage of food emulsifier in ice cream in various countries is driving the growth of global food emulsifier market.

The growth of the global food emulsifiers market is directly related to the growth of the ingredients market. Therefore, with the rise in sales of ingredients globally, the demand for food emulsifiers is anticipated to increase simultaneously. In regions such as Asia Pacific and Europe, the usage of food emulsifiers is anticipated to rise immensely during the forecast period, which in turn is anticipated to bolster the growth of the food emulsifiers market in such regions.

Based on geography, the global food emulsifier market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia Pacific holds the largest market share in the food emulsifier market followed by Europe, North America, and Rest of the World (RoW). The demand for food emulsifier in Asia Pacific is due to the huge population and growing health awareness among the people in developing nations such as India and China. The food emulsifier market in North America is anticipated to witness stable growth due to rise in demand of low fat food by consumers.

The key participants in the food emulsifier market are Cargill Inc, Sensient Technologies Corporation, Ajinomoto Co., Associated British Foods Plc., Archer-Daniels-Midlands Company, DSM Nutritional Products AG, CP Kelco U.S., Inc., BASF, Chr. Hansen Holding A/S and Givaudan SA.

The report also provides an understanding of value (USD million) of food emulsifier. The study also provides forecast from 2015-2021 and highlights current and future market trends. The market attractiveness analysis is also covered in the report along with qualitative data relating to the drivers, restraints and opportunities governing the global food emulsifier market.

The report segments the food emulsifier market as:

Global Food Emulsifier Market: By Product Type

• Stearoyl Lactylatess
• Mono, Di-Glycerides & Derivatives
• Sorbitan Esters
• Lecithin
• Others

Global Food Emulsifier Market: By Application Type

• Dairy Products
• Convenience Foods
• Bakery & Confectionery
• Meat Products
• Others

Indonesia and Malaysia Key Countries in Southeast Asia Food Emulsifier Market

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.

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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.