PLANT-SOURCED FOOD EMULSIFIERS MARKET ANALYSIS
Drivers and Restraints
Increasing number of people adopting veganism is propelling growth of plant-sourced food emulsifiers market. According to the Vegetarian Society, a British registered charity that promotes vegetarianism in U.K., the number of vegetarians increased from around 5% of the population to around 10% in 2015. This increasing trend of veganism and vegetarianism is influencing most of the manufacturers to adopt plant-sourced food emulsifiers. For instance, in May 2017, Hydrosol GmbH & Co. KG launched a vegan emulsifier stabilizer, HydroTop, which is produced with a blend of hydrocolloids derived from cellulose and vegetable-based fiber with high water binding capacity.
However, stringent government regulations related to food emulsifiers is negatively impacting growth of plant-sourced food emulsifiers market. According to the European Commission, Directive 95/2/EC was the regulation on food additives other than sweeteners and colors.
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