The Emulsifiers Market Is Estimated To Witness High Growth Owing To Growing Demand For Processed Food & Beverages Industry And Rising Demand For Low-Fat Products
The emulsifiers market is estimated to be valued at USD 10.50 Bn in 2024, exhibiting a CAGR of 7.4% over the forecast period (2024-2031). Growing demand for processed and packaged food products is augmenting the demand for emulsifiers. Emulsifiers facilitate food processing by improving the texture, consistency, and shelf life of products. Furthermore, increasing consumption of low-fat food items owing to rising health consciousness is also driving emulsifier consumption.
Rising demand for processed food & beverages industry
Emulsifiers play a vital role in various food processing applications such as baked goods, confectionery products, processed meat, etc. They help in improving texture, consistency, and extending the shelf life of processed food items. Thus, rapid growth of the processed food industry globally is propelling the demand for emulsifiers.
Growing demand for low-fat products
Increasing health awareness among consumers has triggered a rise in the demand for low-fat and fat-free food products. Emulsifiers help in reducing the fat content in food without compromising on taste and texture. They facilitate the incorporation of air or water into oil/fat and help replace fat with water or air.
Increasing Demand from the Food and Beverage Industry
The food and beverage industry is one of the major end users of emulsifiers. Emulsifiers are widely used in processed food products to improve texture, enhance moistness, and extend shelf life. The growing demand for convenient packaged and ready-to-eat food products is driving the need for emulsifiers. Emerging trends like clean label, natural ingredients, and vegan foods are also supporting the emulsifiers market growth. The increasing disposable incomes and fast-paced urban lifestyles have boosted the demand for processed and packaged food in developing nations. This rising demand from food manufacturers is a key growth factor for the emulsifiers market.
Expanding Personal Care and Cosmetics Industry
Emulsifiers find extensive applications in the personal care and cosmetics industry for manufacturing lotions, creams, makeup items, etc. The prospering personal care sector is fueled by increasing beauty consciousness, growing middle-class population, and rising disposable incomes globally. Emulsifiers help deliver active ingredients to the skin, give texture, and improve stability of personal care formulations. With the growth of the male grooming sector and natural and organic personal care ranges, the demand for specialized emulsifiers is on the rise. Innovation in novel emulsifier types is also supporting the market growth by catering to specific formulation requirements of the personal care industry.
Stringent Regulations Regarding Synthetic Emulsifiers
Regulatory bodies worldwide are imposing strict norms on the use of synthetic emulsifiers due to health and environmental concerns. Synthetic emulsifiers are scrutinized for their effects on hypersensitivity, toxicity, and contamination risks. There is growing preference for clean label and natural products which is compelling emulsifier producers to replace synthetic variants with bio-based options. Complying with dynamic regulations involving certification and labelling necessitates additional investment in R&D and product reformulation. This regulatory pressure can hamper the market potential of synthetic emulsifier types to some extent.
Availability of Substitute Formulation Agents
Certain oil-in-water emulsions can be formed without using traditional emulsifiers by means of alternative stabilization techniques like pH adjustments or phase inversion temperature methods. Products like polysorbates also face competition from substitute formulation ingredients that deliver stable emulsions, foams or gels. Natural gums, proteins and biopolymers derived from plant sources are emerging as replacements for synthetic or semisynthetic emulsifiers in specific applications. The availability of such substitutes with equivalent performance poses challenges to emulsifier market players.
Growing Demand for Natural and Organic Emulsifiers
Rising health awareness and clean label trend provide major opportunities for natural emulsifier producers. Consumers are increasingly preferring formulations with labels that are free of synthetic chemicals and preservatives. Plant-based emulsifiers from sources like guar gum, citrus extracts, soy lecithin etc. cater well to this demand and have wide functional suitability. Their market potential is set to increase with supportive regulations regarding natural claims and organic certification. Innovation in delivery systems can further enhance the efficiency and stability profile of natural variants.
Expanding into Emerging Application Areas
Emulsifier manufacturers can explore new application markets like pharmaceuticals, agrochemicals and industrial applications for long-term growth. In the pharmaceutical industry, emulsifiers play an important role in liquid oral preparations, transdermal gels and emulsions, ophthalmic solutions etc. Biodegradable emulsifiers are beneficial in agricultural applications involving spraying of herbicides and pesticides. There is also a need for specialized emulsifiers in oilfield chemicals, mining processes, coatings and other industrial sectors. Tapping such non-traditional markets through tailored product development will bolster revenue opportunities.
Link: https://www.coherentmarketinsights.com/market-insight/emulsifiers-market-3850
Key Developments
- In 2023, Vantage Food announced the launch of its new Simply Kake emulsifier.
- In 2023, Vantage Food launched a guide to emulsifiers for cake products through BAKERpedia.
- In 2021, Kerry Group, a publicly traded food company, introduced a new range of beverage concepts for the spring/summer season. Research into consumer trends indicated that consumers favored beverages that offered flexitarian indulgence, fruity refreshment, or healthy tea options.
- In 2021, Kerry Group, a publicly traded food company, developed and launched an innovative Plant-based Dairy Alternative Toolkit. This toolkit offers a variety of benefits to innovators, including a research-based checklist for "building your brand." It serves as a guide for product developers, helping them create consumer-preferred taste experiences and providing tips on formulating with exciting flavors that can enhance consumer loyalty and encourage repeat purchases.
Key Players
BASF SE, Dow, DuPont , Kerry Group , Koninklijke DSM N.V. , Akzonobel N.V. , Evonik Industries AG , Clariant , Solvay SA , Archer Daniels Midland Company , Cargill, Incorporated , The Lubrizol Corporation, Stepan Company , Lonza, SM Nutritional Products,, Palsgaard A/S, Spartan Chemical Company, Solvay, and Matangi Industries
