The emulsifiers act as a surfactant that stabilizes the emulsions. Emulsifiers also called emulgents, are surface-active agents that act at the interface between two immiscible liquids such as oil and water, allowing them to be blended into stable emulsions, by maintaining the stability of the mixture. Emulsifiers also reduce stickiness, control crystallization, and prevent separation and are present in ready-made sauces, mayonnaise, soups, and many other food products in which the combination of oil and aqueous phase is needed. They are also found in dairy products such as milk, cream, butter, cheese, yogurt, and various kinds of sweets, such as chocolate, chocolate bars, and marshmallows.
Sizing and Forecast
The emulsifiers market size has grown strongly in recent years. It will grow from $6.39 billion in 2023 to $6.91 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth in world population and an increase in natural food products.
The emulsifiers market size is expected to see strong growth in the next few years. It will grow to $9.5 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to global population growth and urbanization, rapid growth in ecommerce, increasing consumption of packaged food and food security initiatives. Major trends in the forecast period include global population growth and urbanization, rapid growth in ecommerce, increasing consumption of packaged food and food security initiatives.
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Segmentation & Regional Insights
The emulsifiers market covered in this report is segmented –
1) By Product: Lecithin, Mono And Di-Glycerides, Stearyl Lactylates, Sorbitan Esters, Polyglycerol Esters, Other Products
2) By Chemical Structure: Natural, Synthetics, Semi-Synthetics
3) By Application: Food Emulsifiers, Cosmetics And Personal Care, Oilfield Chemicals, Pharmaceutical, Agrochemicals, Other Applications
Asia-Pacific was the largest region in the emulsifiers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the emulsifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for emulsifiers in the food industry for packaged and convenience food worldwide is contributing to the growth of the emulsifiers market. Food emulsifiers are increasingly being used in packaged and convenience food products to prevent microbial spoilage. Demand for packaged and ready-to-eat food is growing over time due to busy lifestyles, the changing eating habits of the population, and the spread of the COVID-19 pandemic. For instance, in May 2022, according to Northeastern University, a US-based private research university 73 percent of the food supply in the US is ultra-processed. In addition to this, in May 2023, according to Food Dive, a US-based online media publication, 2022, sales of salty snacks reached $28.4 billion, which is 15.6% up from the previous year. Hence, the increasing demand for emulsifiers in the food industry is expected to drive the growth of the emulsifiers market.
Key Industry Players
Major companies operating in the emulsifiers market report are Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Kerry Group plc, Dow Inc, Palsgaard A/S, Evonik Industries AG, Ingredion Incorporated, Koninklijke DSM N.V, Stepan Company, Mitsubishi Chemical Corporation, Estelle Chemicals Pvt Ltd, Fine Organic Industries, Savannah Surfactants Limited, Riken Vitamin Co. Ltd., Foodchem International Corporation, Jeevika Yugchem Pvt. Ltd., Global Specialty Ingredients, Qingdao Haixingyuan Biotechnology Co. Ltd., Sisterna, Puratos Group, LECICO GmbH, Avril Group, Lasenor Emul, Tate & Lyle, Lonza Group AG, Corbion N.V., DuPont de Nemours Inc, Tyson Foods, Bunge Limited, Royal DSM, Frutarom, Eshbal Functional Food, Future Meat Technologies, Vitachem NG, ChemSystems, Fourchem
The emulsifiers market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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