Food emulsifiers market size to grow by USD 925.9 million from 2022 to 2027, Growing demand from bakeries and confectioneries to boost the market- Technavio
NEW YORK, March 9, 2023 /PRNewswire/ -- According to Technavio, the global food emulsifiers market size is estimated to grow by USD 925.9 million from 2022 to 2027. The market is estimated to grow at a CAGR of 5.04% during the forecast period. Moreover, the growth momentum will accelerate. The market growth will be driven by factors such as the growing demand from bakeries and confectioneries, the multifunctionality of food emulsifiers, and rising health concerns and demand for low-fat foods. However, the rising demand for enzymes as substitutes for emulsifiers will impede market growth during the forecast period. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
The growing demand from bakeries and confectioneries is one of the key factors driving the market growth. Manufacturers of bakery and confectionery products use emulsifiers to achieve viscosity and avoid damage during handling. Emulsifiers act as functional additives and provide various advantages during the processing and storage of chocolates and sugar confectioneries. In foods that contain dispersed fat phases, such as caramel and toffee, emulsifiers break down the fat into small fat globules. They also provide lubrication, which eases the processing of food. These factors are expected to boost the growth of the global market during the forecast period.
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Food emulsifiers market - Segmentation assessment
Segment overview
Technavio has segmented the market based on product (mono-di-glycerides and derivatives, lecithin, and others) and application (bakery and confectionery, convenience foods, dairy products, and others).
The mono-di-glycerides and derivatives segment will account for a significant share of the market's growth during the forecast period. These products are glycerin-based fatty acid esters that help improve the surface activity that is necessary for the proper stabilization and homogenization of processed foods. Monoglycerides, diglycerides, and derivatives are used in the production of dairy and bakery products such as cakes, ice creams, margarine, and bread.
Geography Overview
Based on geography, the global food emulsifiers market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global food emulsifiers market.
APAC is estimated to account for 30% of the growth of the global market during the forecast period. This growth is attributed to factors such as the high popularity of natural emulsifiers as well as low-fat ingredients. The demand for processed food items, especially RTE and low-fat foods, has increased in countries such as China, India, and Japan. Various vendors have opened new production facilities in this region to expand their presence. These factors have led to an increase in the use of emulsifiers in the region.
Insights on the market contribution of various segments, including country- and region-wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a sample report
Food emulsifiers market – Market dynamics
Leading trends influencing the market
The growing demand for emulsifiers from emerging economies is a key trend in the market.
Emulsifiers are essential ingredients in processed foods.
Hence, there is a high demand for emulsifiers among manufacturers of such foods.
Emulsifiers can bind water and oil and improve the processing rate and shelf life, which leads to the production of high-quality food products.
Manufacturers of various bakery and confectionery products and convenience/RTE foods regularly utilize food emulsifiers.
Such factors will drive the global market growth during the forecast period.
Major challenges hindering the market growth
The rising demand for enzymes as substitutes for emulsifiers is challenging market growth.
Enzymes and emulsifiers are used in the bakery industry as stalling agents.
Hence, enzymes are ideal alternatives to emulsifiers, which poses a major threat to the global market.
In addition, enzymes are more cost-effective.
They are often used during the handling, mixing, and fermentation stage of dough.
These factors will hinder the growth of the global market during the forecast period.
Insights on market trends & challenges, historic period (2017 to 2021), and forecast period (2023 to 2027) - Request a sample report!
What are the key data covered in this food emulsifiers market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the food emulsifiers market between 2023 and 2027
Precise estimation of the size of the food emulsifiers market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the food emulsifiers market across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of food emulsifiers market vendors
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Food Emulsifiers Market Scope | |
Report Coverage | Details |
Base year | 2022 |
Historic period | 2017-2021 |
Forecast period | 2023-2027 |
Growth momentum & CAGR | Accelerate at a CAGR of 5.04% |
Market growth 2023-2027 | USD 925.9 million |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 4.68 |
Regional analysis | APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution | APAC at 30% |
Key countries | US, China, Germany, UK, and France |
Competitive landscape | Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
Key companies profiled | Archer Daniels Midland Co., BASF SE, Cargill Inc., Corbion NV, Croda International Plc, Estelle Chemicals Pvt. Ltd., Evonik Industries AG, Ingredion Inc., Kerry Group Plc, Koninklijke DSM NV, LASENOR EMUL SL, Lonza Group Ltd., Oleon NV, Puratos Group NV, Riken Vitamin Co. Ltd., Solvay SA, Stepan Co., Univar Solutions Inc., Palsgaard AS, and Taiyo Kagaku Co. Ltd. |
Market dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global food emulsifiers market 2017 - 2021
4.2 By Product Segment Analysis 2017 - 2021
4.3 By Application Segment Analysis 2017 - 2021
4.4 Geography Segment Analysis 2017 - 2021
4.5 Country Segment Analysis 2017 - 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Product
6.1 Market segments
6.2 Comparison by Product
6.3 Mono-di-glycerides and derivatives - Market size and forecast 2022-2027
6.4 Lecithin - Market size and forecast 2022-2027
6.5 Others - Market size and forecast 2022-2027
6.6 Market opportunity by Product
7 Market Segmentation by Application
7.1 Market segments
7.2 Comparison by Application
7.3 Bakery and confectionery - Market size and forecast 2022-2027
7.4 Convenience foods - Market size and forecast 2022-2027
7.5 Dairy products - Market size and forecast 2022-2027
7.6 Others - Market size and forecast 2022-2027
7.7 Market opportunity by Application
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
9.4 Europe - Market size and forecast 2022-2027
9.5 North America - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 US - Market size and forecast 2022-2027
9.9 China - Market size and forecast 2022-2027
9.10 Germany - Market size and forecast 2022-2027
9.11 UK - Market size and forecast 2022-2027
9.12 France - Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Archer Daniels Midland Co.
12.4 BASF SE
12.5 Cargill Inc.
12.6 Corbion NV
12.7 Croda International Plc
12.8 Evonik Industries AG
12.9 Ingredion Inc.
12.10 Kerry Group Plc
12.11 Koninklijke DSM NV
12.12 LASENOR EMUL SL
12.13 Lonza Group Ltd.
12.14 Riken Vitamin Co. Ltd.
12.15 Solvay SA
12.16 Stepan Co.
12.17 Univar Solutions Inc.
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
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