Market Overview:
The global food emulsifiers market size was valued at USD 2.67 billion in 2018 and expected to rise at a CAGR of 5.40%, to attain USD 3.47 billion by 2023. Quickly increasing urbanization have increased the call for processed food products. The product assists in improving the texture, appearance, and taste of processed foods. These properties make it perfect for its use in making instant mashed potatoes, cheese, canned and carbonated beverages, which will improve the market size.
Market drivers and restraints:
Increase in processed foods consumption due to easy availability through well-developed retail channels will boost market expansion. Food Emulsifiers gives smoothness and assists in stabilizing emulsions in food & beverage production procedures. It assists in improving quality and functions as an emulsifying agent. It is also used for making instant noodles, macaroni, fresh noodles, and spaghetti offers elasticity as it gives flexibility and smoothness to these products. Rising call of ready to make instant foodstuff will have a positive impact on the global market expansion.
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Report segmented as:
By type:
- Mono-glycerides
- Di-glycerides
- Lecithin
- Sorbitan esters
- Stearoyl lactylates and polyglycerol esters
By application:
- Bakery
- Confectionery
- Convenience and dairy
- Meat
By source:
- Plant
- Animal
Geographical analysis:
The European countries has been the biggest market for food emulsifiers, due to the flourishing processed food and beverage business in the region. The growing markets of Asia Pacific, majorly India and China, account for the rapid expansion rate owing to the increasing population. Latest innovative techniques are being used by the African emulsifier market and high amounts are being spent on Research and Development segment.
Important market players:
The global market for emulsifiers is led by large players in the food business. Those are Archer Daniels Midland Company (US), DowDuPont (US), Cargill (US), Kerry Group Plc. (Ireland), and Ingredion Incorporated (US). Other players include Tate & Lyle (Ireland), Corbion N.V. (Netherlands), Lonza Group Ltd. (Switzerland), Palsgaard A/S (Denmark), Riken Vitamin Co. Ltd. (Japan), and Beldem S.A. (Belgium).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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