Published Date: 30-Jun-2023
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According to a new report, published by KBV research, 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.
The Lecithin segment is showcasing a CAGR of 4.5% during (2023 - 2030). Recent years have seen increased market growth for lecithin used as a food emulsifier. Lecithin, a naturally occurring phospholipid in many foods, is frequently utilized in the food industry to stabilize oil & water mixes, enhancing the texture and appearance of many food products. Lecithin's natural origin and low cost are two important benefits which make it a popular option used by food manufacturers.
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. Natural emulsifiers are derived from plant sources. One can use a variety of vegan or plant-based emulsifiers in various food recipes. These are all beneficial alternatives to emulsifiers made of animal proteins. As the demand for plant proteins rises, there is an increasing interest in protein-based emulsifiers derived from plant sources, such as soy proteins, pea proteins, lupin, cowpea, wheat gluten, rice glutelin, and oilseed proteins.
The Confectionery Products segment has shown the growth rate of 4.5% during (2023 - 2030). One of the key factors driving the expansion of confectionery items is the need for innovative confectionery items, particularly gluten-free ones. Another prominent aspect in the market for food emulsifiers is the growing customer demand for fibre-rich, healthy biscuits. In the coming years, these scenarios are anticipated to increase demand for natural components, especially emulsifiers.
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. The Europe market is poised to grow at a CAGR of 4.3% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 5.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/food-emulsifiers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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