According to a recent report by Reports and Data, the global Emulsifiers Market was valued at USD 3.36 billion in 2021, and it is projected to grow at a CAGR of 4.8% during the forecast period. The rise in the vegan population has resulted in an increase in the demand for plant-based Emulsifiers. The manufacturers are thus creating new vegan-friendly products to attract a wider customer base. The COVID-19 pandemic and lockdowns led to supply chain challenges with lecithin and mono-, di-glycerides and derivatives, prompting the manufacturers to develop solutions that can be used as substitutes for these emulsifiers. The increasing demand for emulsifiers in the production of various end products is also driving significant global sales growth. The report highlights that the Mono-, Di-glycerides & Derivatives segment generated the most revenue in 2021, followed by the plant segment, while the bakery and confectionery segment generated the most income.
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Major Companies:
DANISCO A/S, BASF SE, Kerry Group plc, ADM, Ingredion, Evonik Industries AG, Corbion, Cargill, Incorporated, DSM, and Stepan Company.
Driving Factors of Emulsifiers Market:
- Increasing demand for plant-based Emulsifiers due to the growing vegan population.
- New product introductions and innovation to attract a wider customer base.
- Emulsifiers help to maintain the quality and texture of food products, increasing demand for their use in various food products, including ice cream, margarine, bread, processed meats, chocolate, dairy products, confectionery, and others.
- Worldwide supply chain challenges with lecithin and mono-, Di-glycerides and derivatives supply prompted manufacturers to create solutions that can be utilized as substitutes to these emulsifiers, driving demand for new alternatives.
- Increasing health concerns and changing eating patterns have led to an increased fondness for yogurts, almond milk, and other protein-rich dairy products, boosting the demand for emulsifiers in their production.
- Expanding meat processing and baking sectors, increased industrialization of the beverage industry, and the new trend of clean label components in food items, additives, and emulsifiers are driving worldwide demand.
Key Driving Factors of Emulsifiers Market:
- Increasing demand for convenience and packaged foods: The growing demand for convenience and packaged foods, which require emulsifiers for stabilization and preservation, is driving the demand for Emulsifiers.
- Rising demand for bakery and confectionery products: Emulsifiers are widely used in bakery and confectionery products to improve texture, mouthfeel, and shelf life. As the demand for these products continues to rise, the demand for Emulsifiers is also increasing.
- Technological advancements in emulsifier production: Advances in technology have led to the development of new and more efficient emulsifiers that can be used in a variety of food products. This has expanded the range of applications for emulsifiers and increased their demand.
- Growing health consciousness among consumers: Consumers are becoming more health-conscious and are looking for healthier food options. Emulsifiers that are made from natural sources and are free from harmful chemicals are gaining popularity among consumers.
- Increasing demand for plant-based emulsifiers: The growing trend of veganism and plant-based diets is driving the demand for plant-based emulsifiers, which are derived from sources such as soy, sunflower, and rapeseed.
- Growing food industry: The food industry is growing at a rapid pace due to increasing population, urbanization, and changing lifestyles. This growth is driving the demand for Emulsifiers as they are essential for producing a wide range of food products.
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