The global food emulsifiers market is projected to be valued at USD 3.6 billion in 2023 and is expected to reach USD 4.6 billion by 2028, reflecting a compound annual growth rate (CAGR) of 4.9% during this forecast period. Various macroeconomic and microeconomic factors in key countries have influenced the global food emulsifiers market. These factors are expected to significantly impact market value sales throughout the projected timeframe. The increasing consumption of convenience foods and bakery products, along with changing lifestyles and consumption patterns, is driving demand within the food emulsifiers sector.
Food Emulsifiers Market Trends
Here are some key trends shaping the Food Emulsifiers Market:
Clean Labeling: Consumers are increasingly demanding clean label products, leading manufacturers to explore natural emulsifiers derived from plant sources. This trend is driving the development of clean-label emulsifiers that meet consumer preferences for transparency and natural ingredients.
Health and Wellness Focus: There is a growing emphasis on health and wellness, pushing food manufacturers to formulate products that are lower in fat, sugar, and calories. Emulsifiers that can enhance texture and mouthfeel while maintaining nutritional value are gaining popularity.
Plant-Based Products: The rise of plant-based diets is influencing the demand for emulsifiers derived from non-animal sources. Ingredients like soy lecithin and pea protein are becoming popular in plant-based food products.
Technological Advancements: Innovations in emulsifier technology are leading to the development of new, multifunctional emulsifiers that can improve food stability, texture, and shelf-life. These advancements are expanding their applications in various food products.
Sustainability Initiatives: As sustainability becomes a priority, manufacturers are looking for eco-friendly emulsifiers. This includes sourcing raw materials responsibly and reducing environmental impacts during production.
Rising Demand for Convenience Foods: The increasing demand for convenience and ready-to-eat food products is driving the need for emulsifiers that improve texture, stability, and shelf-life, making them essential in the formulation of these products.
Regulatory Changes: Changes in food safety regulations and labeling requirements are influencing the emulsifier market. Manufacturers must adapt their formulations to comply with these regulations while still meeting consumer expectations.
Emerging Markets: The growth of the food industry in emerging markets is creating new opportunities for emulsifier manufacturers. Increasing disposable incomes and changing dietary patterns are driving the demand for processed and packaged foods.
The bakery products segment dominates the food emulsifiers market share.
The bakery sector has long been a leader in the food emulsifier market for several reasons. Emulsifiers play a crucial role in stabilizing and homogenizing oil and water mixtures, which is essential for baking. They enhance texture, appearance, and shelf life while also helping to reduce fat content. Moreover, the rising demand for convenient and cost-effective food options, particularly bakery items, has contributed to the growth of the bakery industry and, consequently, the increased need for food emulsifiers. As a result, bakery products now hold the largest market share in the food emulsifiers sector.
North America is estimated to dominate the food emulsifiers market in 2028.
The North American food emulsifier market is projected to maintain a dominant position in the coming years for several reasons. A key factor is the region's strong demand for processed and convenience foods, which utilize emulsifiers to stabilize oil and water mixtures. Additionally, the presence of major manufacturers, including ADM and Ingredion, along with growing investments in food additives, is expected to boost market growth. Consequently, North America is anticipated to continue leading the food emulsifier market in the foreseeable future.
Top Food Emulsifiers Companies:
Key players in this market include ADM (US), Cargill, Incorporated (US), International Flavors & Fragrances Inc. (US), Ingredion (US), Kerry Group plc. (Ireland) and Corbion (Netherlands).
ADM is a US based multinational company that is a leading player in the food emulsifiers market. The company produces a range of lecithin based emulsifiers, which are widely used as food emulsifiers in various food and beverages products. ADM's food emulsifiers are known for their high quality and clean label. The company's strong focus on innovation, sustainability, and customer-centricity has enabled it to stay ahead of the competition and expand its market share in the food emulsifiers industry. With its broad range of products and global presence, ADM is well-positioned to capitalize on the growing demand for food emulsifiers in the coming years.
Cargill, Inc. is a global company with a strong presence in the food industry, including the food emulsifiers market. The company operates in over 70 countries and has a diverse range of products and services, including food ingredients, agricultural commodities, and animal nutrition. In the food emulsifiers market, Cargill offers a wide range of food emulsifiers based on lecithin that can be used in various food applications such as bakery, confectionery, dairy, and meat products. In recent years, Cargill has been focusing on sustainable sourcing and reducing its carbon footprint. With its global presence, diverse product portfolio, and focus on sustainability, Cargill is well-positioned to meet the evolving needs of the food emulsifiers market.
Food Emulsifiers Market Recent Developments:
In February 2023, Corbion (Netherlands) partnered with Belgium-based company Azelis as a distribution partner for food ingredients including food emulsifiers in Malaysia and Singapore. Azelis has already been representing Corbion’s food ingredients in India and Indonesia before. This helped the company strengthen its presence in the APAC region and boost the sales of food emulsifiers.
In February 2021, International Flavors & Fragrances (US) merged its taste and nutrition business with DuPont’s (US) Nutrition & Biosciences business. This merger helped the company gain market share globally and become one of the global industry leaders in the nutrition and biosciences segment. This helped the company expand its product portfolio for nutrition and biosciences-related segments including food emulsifiers, scent, soy proteins, etc.
Global Food Emulsifiers MarketThe GMI Research predicts that the Food Emulsifiers Market will witness an escalation in demand over the forecast period.
This is mainly due to their aggravating demand for specialty food ingredients across several applications, their assistance to sustain the food quality and restrict contamination.Introduction of the Food Emulsifiers MarketFood emulsifiers refer to the organic or chemical substances used to merge ingredients that cannot be mixed together, like water and oil.
Thus, the remarkable drift of consumers towards processed food products like frozen & packaged meals, convenience items, and processed fish & meat is stimulating the market growth.
In addition, the accelerating per capita income of the consumers and the persistent tendency of clean labels concerned with the ingredients and additives added at the time of processing victuals have raised the market demand.Furthermore, the norms passed by various managerial associations as the FDA concerned with the acceptance of emulsifiers owing to their safe and innocuous nature has paved the way for market growth.
However, as per the market research, health issues concerned with their consumption will curb the market demand due to the changing behavior of consumers post coronavirus towards healthier food options.
Additionally, the inadequate extrication and accumulated cost related to the extraction from natural resources will negatively impact the food emulsifier’s market share.Type Segment DriversBased on the type, mono- & di-glycerides and their derivatives are projected to hold a major share over the forecast period.
