The Emulsifiers Global Market Report 2023 by The Business Research Company, provides emulsifiers market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Emulsifiers Global Market Report 2023, the global emulsifiers market size grew from $5.92 billion in 2022 to $6.34 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global emulsifiers is expected to grow to $8.35 billion in 2027 at a CAGR of 7.1%.
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, changing eating habits of the population, and the spread of COVID-19 pandemic. For instance, according to Credit Suisse, a Switzerland-based investment banking company, retail sales of packaged food firms in the USA increased from 15% to 30% on average from March to May 2020. Hence, the increasing demand for emulsifiers in the food industry is expected to drive the growth of the emulsifiers market.
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The emulsifiers market is segmented:
1) By Product: Lecithin, Mono and Di-Glycerides, Stearyl Lactylates, Sorbitan Esters, Polyglycerol Esters, Other Products
2) By Chemical Structure: Natural, Synthetic, Semi-Synthetic
3) By Application: Food Emulsifiers, Cosmetics And Personal Care, Oilfield Chemicals, Pharmaceutical, Agrochemicals, Other Applications
Top Major Players
BASF SE
The Dow Chemical Company
Kerry Grou
Clariant
Evonik Industries
The increasing investment in research and development to make natural emulsifiers are shaping the emulsifiers market. Major companies operating in the emulsifiers sector are focused on developing and launching natural emulsifiers for use in manufacturing organic hair care and skincare formulations and food products. For instance, in March 2020, Ingredion, a US-based ingredient provider launched a broth emulsifier called Evanesse made from chickpeas. The product is considered as a replacement for eggs or uses in dressings and sauces, without and affecting taste or texture. Evanesce can replace OSA modified starches and other artificial emulsifiers and help food manufacturers looking to tout front-of-package claims on their products, such as natural or no artificial ingredients.
The emulsifiers market report table of contents includes:
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
…………..
19. Company Profiles
20. Key Mergers and Acquisitions
21. Global Emulsifiers Market Opportunities And Strategies
22. Emulsifiers Market, Conclusions And Recommendations
23. Appendix
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