The Global Food Emulsifiers Market size is expected to reach $4.9 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period.
Convenience foods are gaining traction among the working population because of the increased consumer expenditure on packaged goods, along with the increasingly busy lifestyles of consumers in both developed and developing nations. Hence, the convenience foods segment accounted for $567.8 million revenue in the market in 2022. Also, as consumers nowadays are more interested in vegan convenience foods, demand for plant sourced emulsifiers is growing.
The major strategies followed by the market participants are Acquisitions as the key developmental strategy to keep pace with the changing demands of end users. For instance, In November, 2022, Cargill, Incorporated acquired Owensboro Grain Company to enhance the its effort to increase capability across its North American oilseeds network to support the growing need for oilseeds driven by food, feed, and renewable fuel markets. Additionally, In April, 2022, Kerry Group plc acquired Natreon, Inc to expand its leadership position and its ProActive Health portfolio.
Based on the Analysis presented in the KBV Cardinal matrix; Archer Daniels Midland Company is the forerunner in the Market. In May, 2023, Archer Daniels Midland Company entered into an agreement to acquire D.C.A. Finance B.V. With this acquisition, ADI would expand its commodity brokerage expertise and solutions allowing it to gain a competitive advantage. Companies such as Lonza Group AG, Kerry Group plc, and Ingredion Incorporated are some of the key innovators in the Market.
Foods referred to as convenience foods are meals already prepared or ready to eat. These products make heavy use of emulsifiers to ensure a consistent mixture and prevent settling of ingredients while being stored. They also contribute to developing attractive flavors and textures that improve the entire sensory experience when eating these foods. Convenience food consumption has increased due to factors such as changing work and lifestyle habits, urbanization, and the need for quicker and simpler meal options which is predicted to continue in the upcoming years. The market is anticipated to rise gradually as a result of this trend in the upcoming years.
The market has a lot of opportunities to grow owing to innovations in product development, particularly those that improve stability properties. Emulsifiers are essential for stabilizing food items and improving their shelf life, texture, and appearance. The market is currently seeing a wave of innovative products that are quickly setting new benchmarks for the sector. Manufacturers are currently developing a range of starch-based emulsifiers from micro to nanoparticles that are linked to improved product structure and shelf life as well as long-term stability in food emulsion systems. It is anticipated that these market advancements will aid in market expansion.
The market has been expanding quickly. Still, there are many challenges that could slow this expansion, including the limited extraction and higher costs of emulsifiers derived from natural resources. Emulsifiers can be expensive and challenging to extract in large quantities from natural resources like animal or plant fats. As a result, this may result in greater production costs and higher pricing for the final consumers. Additionally, this restriction may result in food loss or waste because some ingredients are often discarded rather than being utilized to make premium food products. All these elements are anticipated to hinder the market growth.
On the basis of type, the market is categorized into mono- & di-glycerides & their derivatives, lecithin, sorbitan esters, polyglycerol esters, stearoyl lactylates and other types. In 2022, the mono- & di-glycerides & their derivatives segment held the highest revenue share in the market. These items are fatty acid esters based on glycerine that enhance the surface activity necessary for the correct stabilization and homogenization of processed foods. For making dairy and bakery products such as cakes, ice cream, margarine, and bread, mono-, di-glycerides & derivatives are widely used.
Based on sources, the market is segmented into plant sources and animal source. The animal source segment garnered a significant revenue share in the market in 2022. This is explained by the fact that animal sources are most frequently used to make emulsifiers because they are inexpensive to extract and more widely available. Further, the market is growing in this segment as consumers are largely interested in consuming food comprising animal-based proteins.
By application, the market is fragmented into bakery products, dairy & frozen desserts, confectionery products, convenience foods, meat products and other applications. In 2022, the bakery products segment dominated the market by generating the highest revenue share. This is due to a number of factors, including the rising demand for bakery goods and the advantages of emulsifiers in terms of enhancing the texture, volume, and shelf-life of these goods. Emulsifiers prevent the formation of air bubbles during baking, resulting in lighter, fluffier baked foods that are more visually appealing to consumers.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 3.4 Billion |
| Market size forecast in 2030 | USD 4.9 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 4.7% from 2023 to 2030 |
| Number of Pages | 252 |
| Number of Table | 404 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Source, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market with the maximum revenue share. The growth is primarily due to several factors, including the rising demand for processed food and convenience goods, especially in the United States. The market is expanding in North America due to the rising popularity of functional foods & beverages, and clean label & organic food items. Also, a few market players are making significant investments in R&D to develop new, eco-friendly emulsifiers to market, which is supporting market growth.
Free Valuable Insights: Global Food Emulsifiers Market size to reach USD 4.9 Billion by 2030
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.
By Type
By Source
By Application
By Geography
The Market size is projected to reach USD 4.9 billion by 2030.
Innovations resulting in stabilization properties are driving the Market in coming years, however, High cost of food emulsifiers extracted from natural sources restraints the growth of the Market.
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.
The expected CAGR of this Market is 4.7% from 2023 to 2030.
The Plant segment is generating the highest revenue share in the Global Food Emulsifiers Market by Source in 2022 thereby, achieving a market value of $3.4 billion by 2030.
The North America market dominated the Global Food Emulsifiers Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.7 billion by 2030.
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