Food Emulsifiers Market Growing Demand for Processed Food Products across the Globe

According to Precision Business Insights (PBI), latest report, the global food emulsifiers market was valued at USD 3,639.9 million in 2022 and is expected to grow at a 4.3% CAGR during the forecast period 2023 to 2029. The primary drivers of the expansion of the global food emulsifiers market include the increasing trend of processed foods and shift in Western cuisine preferences. In addition, increasing awareness of natural food emulsifiers are expected to boost the growth of food emulsifiers market.

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The food emulsifiers market is segmented based on source, type, application, and geography.
Based on the source, the market is segmented into the following:
• Plant-Derived
• Animal-Derived

Based on the type, the market is segmented into the following:
• Lecithin
• Monoglyceride
• Diglyceride & Derivatives
• Sorbitan Ester
• Polyglycerol Ester
• Others

Based on the application, the market is segmented into the following:
• Dairy and Frozen Products
• Bakery
• Meat
• Poultry
• Seafood
• Beverage
• Confectionery
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Plant-Derived Food Emulsifier Segment is expected to Dominate the Food Emulsifiers Market:
Based on the source, the global Food Emulsifiers market is segmented into plant-derived food emulsifier, animal-derived food emulsifier, and others. The plant-derived food emulsifier segment is expected to account for a larger revenue share in the global food emulsifiers market. The increasing trend of vegan food products, and growing vegan populations is encouraging the market players and manufacturers in substituting the animal-derived food emulsifier to plant-derived food emulsifier. Guar gum, soy lecithin, agar-agar, gellant gum, xanthan gum, and mustard powder are used as plant-based food emulsifiers. These plant derived emulsifiers are used in various purposes such as food thickening, creating light foam, and also used as an alternate to gelatin which is expected to drive the market growth in this segment.

Asia Pacific Food Emulsifiers Market:
The Asia Pacific food emulsifiers market is expected to increase over the forecast period due to the growing population, rapid urbanization, and increasing trend for processed foods in countries such as India, China, and Japan. In addition, the changing lifestyles, increasing disposable income of individuals, and growing adoption of Western cuisines are expected to boost the growth of food emulsifiers in this region over the forecast period. Furthermore, the increasing concentration of market players in the development and launch of high-quality emulsifiers in this region is expected to further propel the growth of the food emulsifiers market in this region over the forecast period.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Food Emulsifiers market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Key players profiles in the food emulsifiers market report are International Flavors & Fragrances Inc., Riken Vitamin Co., Ltd., Cargill, Incorporated, Estelle Chemicals Pvt. Ltd., Lasenor Emul, S.L., Archer Daniels Midland Company, Dow Corning Corporation, BASF SE, DowDuPont, Kerry Group Plc., Ingredion Incorporated.

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This release was published on openPR.