The rise in consumption of processed foods due
to the rising disposable income and the increasing end-user applications of
food emulsifiers are expected to drive the overall food
emulsifiers market. The food emulsifiers market is estimated to
be valued at USD 2.9 billion in 2018 and is projected to reach USD 3.7 billion
by 2023, at a CAGR of 5.1% during the forecast period.
The mono- & di-glycerides and their derivatives segment is
estimated to be the largest in 2018
The
food emulsifiers market, by type, is estimated to be dominated by the mono-
& di-glycerides and their derivatives segment, as it is a widely used
emulsifier type across several applications. It has been observed that during
2017, the US food industry consumed more than 70% of mono- &
di-glycerides-based emulsifiers. The lecithin segment is projected to be the
fastest-growing segment. The emulsification and instantizing properties of
lecithin are responsible for its growing use as a replacement of the other
types that are heavily processed with chemicals.
The plant segment is projected to dominate the market by 2023
The
food emulsifiers market, by source, is projected to be dominated by the plant
segment during the forecast period. The high growth is not only attributed to
the stable and harmless nature of plant-based emulsifiers but also to the
preference of the food industry manufacturers.
The dairy & frozen desserts segment is projected to be the
fastest-growing segment during the forecast period
The
dairy & frozen desserts segment is projected to be the fastest-growing, by
application, during the forecast period. At a global level, there is a growing
consumption of dairy and frozen dessert products; and since such products tend
to get separated easily in their formulations, food emulsifiers tend to improve
the quality of the products. Thus, these factors are expected to drive the
growth of the segment at a significant rate during the forecast period.
Asia Pacific is projected to be the fastest-growing market
during the forecast period
The
Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023.
The high growth is attributed to the changing food consumption patterns in the
region, owing to the rising income and urbanization, especially in South Asian
countries. Further growth can be attributed to the increasing urbanization in
the region, resulting in the increasing demand for food security and quality
food. Food manufacturers are expected to use food emulsifiers due to their
multifunctional properties.
This
report includes a study of the marketing and development strategies used, along
with the product portfolios of leading companies. It includes the profiles of
leading manufacturers such as Archer Daniels Midland Company (US), DowDuPont
(US), Cargill (US), Kerry Group Plc. (Ireland), and Ingredion Incorporated
(US). Other players include Corbion N.V. (Netherlands), Lonza Group Ltd.
(Switzerland), and Palsgaard A/S (Denmark). Furthermore, Riken Vitamin Co.
Ltd. (Japan), Tate & Lyle (Ireland), and Beldem S.A. (Belgium)
are the other players that hold a significant share in the food emulsifiers
market.
No comments:
Post a Comment