The Food Emulsifiers Market is estimated to be valued at USD 3.2 billion in 2020 and is projected to reach USD 4.0 billion by 2025, at a CAGR of 4.7 %. The market is driven by the rise in the consumption of processed foods.
By type, the mono- & di-glycerides and their derivatives segment is projected to account for the largest share to the food emulsifiers market during the forecast period
The food emulsifiers market, based on type, has been segmented into lecithin, mono- & di-glycerides and their derivatives, sorbitan esters, stearoyl lactylates, polyglycerol esters, and others. The mono- & di-glycerides and their derivatives segment is estimated to dominate the market in 2020, as they are used for various applications. It has been observed that during 2020, the US food industry consumed more than 70% of mono- & di-glycerides based emulsifiers.
By source, the market for plant-based emulsifiers is projected to account for the largest market share in the food emulsifiers market during the forecast period
The food emulsifiers market, by source, has been segmented into plant-based and animal-based emulsifiers. The market, by source, is estimated to be dominated by the plant segment in 2020 and is also projected to grow at a higher CAGR. Plant-based food emulsifiers are preferred to animal-based food emulsifiers, as they are less harmful and more stable in food formulation. These factors drive the plant segment in the food emulsifiers market.
By application, the dairy & frozen desserts segment is projected to grow at the highest rate during the forecast period
On the basis of application, the food emulsifiers market is segmented into bakery products, confectionery products, convenience foods, dairy & frozen desserts, meat products, and others. The dairy & frozen desserts segment is estimated to dominate the market in 2020, owing to the increased consumption of food products in this application, especially in the developed regions of North America and Europe.
Asia Pacific is projected to be the fastest growing market for the forecast period
The high consumption of food & beverage products in Asia Pacific is rising steadily, driven by the growing population, rising incomes, and rapid urbanization. All these factors, in turn, have resulted in the growing adoption of food emulsifiers and other food processing ingredients.
The key players in the food emulsifiers market include Corbion NV (Netherlands), Beldem SA (Belgium), Lonza Group (Switzerland), Palsgaard A/S (Denmark), Riken Vitamin (Japan), and Tate & Lyle Plc (UK). Furthermore, Kerry Group Plc. (Ireland), DowDuPont (US), and Archer Daniels Midland (ADM) (US) are the other players that hold a significant share in the food emulsifiers market.
