Asia Pacific Food Emulsifiers Market Size, Share & Industry Trends Analysis Report By Type (Mono- & Di-glycerides & their Derivatives, Lecithin, Sorbitan Esters, Polyglycerol Esters, Stearoyl Lactylates), By Source, By Application, By Country and Growth Forecast, 2023 - 2030
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Market Report Description
The Asia Pacific Food Emulsifiers Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030).
The food industry is experiencing a fundamental shift toward transparency, explicability, and accountability. This change is driven by the rising demand for food formulation, production, and processing transparency among consumers. The primary focus is on developing emulsifiers that do not have any adverse impact on human and environmental health. For instance, the demand for natural and organic food products may rise as individuals grow more health conscious. This might boost the demand for natural food emulsifiers while decreasing the need for traditional synthetic emulsifiers.
It is anticipated that the market will expand rapidly in the coming years. This expansion is motivated by several factors including the rising demand for packaged and processed food products. The food emulsifiers are also available in low calorie and sugar free forms. As the prevalence of diabetes and obesity continues to rise, more food manufacturers are emphasizing food emulsifiers as their product's primary ingredient.
Korea remains to have an established food processing sector that produces a wide range of processed foods, drinks, and additives. More than 29,000 food processing businesses with sales of 70.2 trillion KRW, or roughly $62.1 billion, existed in Korea as of 2017. Korean food manufacturing businesses are primarily dependent on imported raw materials and ingredients. In 2018, Korea imported $13.3 billion worth of basic and intermediate agricultural goods. Additionally, between FY 2018 and FY 2023, the milk processing industry in India is predicted to develop at a compound annual growth rate (CAGR) of 14.8%42, with a target revenue of INR 2,458.743 Bn ($32.57 Bn). It is expected that the regional market will expand in parallel with the region's ongoing growth in the food processing and food service industries.
The China market dominated the Asia Pacific Food Emulsifiers Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $415.5 million by 2029. The Japan market is experiencing a CAGR of 4.5% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 5.9% during (2023 - 2030).
Based on Type, the market is segmented into Mono- & Di-glycerides & their Derivatives, Lecithin, Sorbitan Esters, Polyglycerol Esters, Stearoyl Lactylates and Others. Based on Source, the market is segmented into Plant and Animal. Based on Application, the market is segmented into Bakery Products, Convenience Foods, Dairy & Frozen Desserts, Confectionery Products, Meat Products and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Cargill, Incorporated, BASF SE, Corbion N.V., Tate & Lyle PLC, Kerry Group PLC, Ingredion Incorporated, Palsgaard A/S, Stepan Company and Lonza Group AG.
Scope of the Study
Market Segments Covered in the Report:
- Mono- & Di-glycerides & their Derivatives
- Sorbitan Esters
- Polyglycerol Esters
- Stearoyl Lactylates
- Bakery Products
- Convenience Foods
- Dairy & Frozen Desserts
- Confectionery Products
- Meat Products
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Archer Daniels Midland Company
- Cargill, Incorporated
- BASF SE
- Corbion N.V.
- Tate & Lyle PLC
- Kerry Group PLC
- Ingredion Incorporated
- Palsgaard A/S
- Stepan Company
- Lonza Group AG
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