NEWARK, Del, Aug. 03, 2023 (GLOBE NEWSWIRE) -- The food emulsifiers market is experiencing robust growth due to the rising demand for processed and convenience foods. Emulsifiers play a crucial role in stabilizing and enhancing the texture of various food products, extending shelf life, and improving sensory attributes. With changing lifestyles and increasing disposable incomes, consumers are opting for packaged foods, bakery products, and dairy items, driving the demand for food emulsifiers.
The food emulsifiers market is projected to see a constant annual increase of 5.3%, pushing its total revenue to US$ 5,954.4 million by 2033. This indicates a big rise from its 2023 value of US$ 3,635.8 million.
Food emulsifiers are used in many types of food products like – ice cream, mayonnaise, and chocolate. Also, food emulsifiers are used in the personal care sector, such as shampoo and lotion.
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Food Emulsifiers Market Opportunities
Food emulsifiers have great market opportunities as they flourish with a great CAGR. Customers now want processed foods as it helps flavor that food and processed food mostly comprises food emulsifiers. The e-commerce market is also growing rapidly, creating opportunities for the food emulsifiers market.
Manufacturers are making new emulsifiers, which are highly demanded in this market; with this, customers are getting better taste and flavor.
Key Takeaways
- The global food emulsifiers industry demonstrated steady growth, with a compound annual growth rate (CAGR) of 5.3% from 2023 to 2033.
- By 2033, the food emulsifiers market is projected to achieve a US $5,954.4 million valuation, highlighting its substantial growth potential.
- In 2022, the United States emerged as the dominant market leader in the food emulsifiers industry, commanding a significant market share of 23.8%.
- Germany experienced a remarkable expansion in the food emulsifiers market in 2022, securing a noteworthy market share of 8.8%.
- India witnessed substantial growth in the food emulsifiers market in 2022, capturing a market share of 6.1%.
- Japan emerged as a formidable player in the food emulsifiers market in 2022, achieving a notable market share of 4.3%.
Competitors Winning Strategies
Competitors in the food emulsifiers market are applying many types of strategies in order to succeed in the food emulsifiers market. They are innovating new emulsifiers, which are more demanding for their customers and the manufacturers. They are expanding their network and want to expand all over the world. From this, they may get more customers, and also they may get more sales.
They are making great bonding with customers, which helps customers as well as the company to serve better. With this, they also get feedback on the product.
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Key companies identified in the Food Emulsifiers Market are:
- Archer-Daniels-Midland Company
- Koninklijke DSM N.V
- Cargill Inc.
- BASF SE
- Ingredion Incorporated
- Kerry Group Plc.
- E.I Dupont De Numours and Company
- Lonza Group AG.
- Puratos Group
- Wilmar International Limited
- Naturex S.A.
Recent Developments:
- Ingredion: The company recently introduced a new lubricant based on chickpea soup. This emulsifier has been reported to be an environmentally friendly option to standard emulsifiers.
- Cargill: The company has increased the capacity for manufacturing for its mixer, PowerBake 6000. This stabilizer is meant to enhance baked goods' structure and flavor.
- DuPont: The company recently introduced an innovative emulsifier line named Clean Label Solutions. These emulsifiers are claimed to be without fake colors, tastes, and chemicals.
- Kerry Group: The company has created a new surfactant derived from sunflower oil. This emulsifier has been considered to be a better option than standard emulsifiers.
- ADM: The business has released a new emulsifier range named SimplyPure. These emulsifiers are believed to be simple to use.
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Key Segments in the Food Emulsifiers Market
By Source:
- Plant-derived
- Animal-derived
By Product Type:
- Lecithin
- Derivatives of Mono, Di-glycerides
- Sorbitan Esters
- Polyglycerol Esters
- Stearoyl Lactylates
- Others
By Application:
- Bakeries
- Confectionaries
- Dairy Products
- Functional Foods
- Salads and Sauces
- Infant Formula
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Food Grade Lubricants Market Growth: The food-grade lubricants market is likely to secure a CAGR of 6% through 2032. The market is likely to be valued at US$ 462.81 Million by 2032, up from its current valuation of US$ 258.43 Million in 2022.
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Food Grade Alginate Market Forecast: The global food grade alginate market is expected to garner a market value of US$ 10 Million in 2023 and is expected to accumulate a market value of US$ 17.91 Million by registering a CAGR of 6% in the forecast period 2023 to 2033.
Food Coating Ingredients Market Sales: The global food coating ingredients market is expected to reach a market valuation of US$ 3.5 Billion by the year 2022, accelerating with a CAGR of 6.4% by 2022 to 2032.
Food Hydrocolloids Market Trends: The global food hydrocolloids market is expected to reach a valuation of US$ 8.7 Billion by 2022, accelerating at a CAGR of 5.2% during the forecast period (2022 to 2032).
Food Premix Market Scope: The global food premix market will likely reach a value of USD 3.2 Bn by the end of the 2032 forecast period.
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