Emulsifier, Stabilizer and Thickener (EST) Market Projected to grow at compound annual growth rate of 6.7% by Forecast to 2023

Market Overview:
Emulsifier, stabilizer, and thickener (EST) are primarily extracted from a natural substance and used as a direct additive in products to provide structure, viscosity, stability, and other qualities such as maintaining existing color. Food emulsifier act as an interface between the conflicting components of food like water and oil. Wheareas, stabilizers and thickeners help in stabilizing the emulsion in food, provide thickness without stiffness, and also provides a firmer texture to food products. Emulsifier, stabilizer, and thickeners are classified separately but overlap in functionality. Starches, gums, pectin, agar-agar, lecithin, and others are most commonly used EST as an additive in various industries such as bakery and confectionery, dairy and frozen desserts, beverages, oil and fats, sweet and savory snacks, meat products, and others.

EST is used as food additives to provide consistent texture, taste, and mouthfeel. Increasing number of working population followed by rising demand for processed foods are driving the growth of the global EST market. Moreover, growing application of EST in cosmetics, personal care industry, and pharmaceutical industry is adding fuel to the growth of the EST market.

The demand for new ingredients in food processing is rising constantly, which is further boosting the growth of the EST market owing to its functional attribute. Moreover, high growth of bakery and confectionery industry likely to provide a surge in the growth of the global EST market. However, few stringent laws and regulations may slow the growth of the market over the forecast period.

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Major Key Players:
The major players in the EST Market:

BASF SE (Germany)
Cargill Incorporated (U.S.)
DuPont Nutrition & Health (Denmark)
Kerry Inc. (Ireland)
Archer Daniels Midland Company (U.S.)
Evonik Industries AG (Germany) and
Akzo Nobel N.V. (The Netherlands)

Industry Segments:
On the basis of type, emulsifier, stabilizer, and thickener (EST) are segmented into starches, gums, pectin, agar-agar, lecithin, and others. Among all, the lecithin is dominating the market followed by starches. Lecithin has gained high popularity based on its health beneficial attributes for which it is witnessing growth in the pharmaceutical industry. Moreover, it is a commonly used stabilizer in the preparation of dairy and frozen desserts. The starches are gaining a substantial growth based on its easy availability, optimum functionality, and relatively low price in the market.

Based on the application, EST is segmented into bakery and confectionery, dairy and frozen desserts, beverages, oil and fats, sweet and savory snacks, meat products, and others. Among all, dairy and frozen desserts are dominating the market. However, the bakery and confectionery sectors are expected to witness a substantial growth in the coming years. 

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Regional Analysis:
The global EST market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Europe is dominating the market followed by North America owing to high demand for processed foods and growing inclination towards food additives. In North America, the U.S. and Canada are the prominent consumers.

Asia Pacific is expected to be the fastest growing market over the forecast period and China and India are projected be the major contributors to the growth of this region.

Moreover, among rest of the countries, Brazil is gaining moderate growth based on increasing demand for emulsifiers.

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This release was published on openPR.