Food Emulsifiers Market Worth US$ 3.7 Billion Revenue by 2023 Study by Top Players Like Archer Daniels Midland Company (US), DowDuPont (US), Cargill (US) and Kerry Group Plc. (Ireland)

The food emulsifiers market, led by mono- & di-glycerides and their derivatives segment in 2018. The lecithin segment is projected to grow at the highest CAGR between 2018 and 2023. Increasing demand for bakery and convenience foods that contain mono- & di-glycerides and their derivatives is the major factor driving market growth.

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The food emulsifiers market is estimated to be valued at USD 2.9 billion in 2018 and is projected to reach USD 3.7billion by 2023, at a CAGR of 5.1% from 2018 to 2023. The market is driven by a rise in the consumption of convenience foods and premium foods globally. Limited extraction and the additional costs associated with the emulsifiers extracted from natural resources is restraining the market growth.

Food Emulsifiers Market in North America is the largest due to the increased demand for convenience foods and dairy & frozen desserts among the consumers. The North America food emulsifiers market is estimated to be the largest in 2018. The market here is driven by increased consumption of processed food in this region and the presence of the majority of the top food emulsifier companies in this region.

Food emulsifiers market, by source, has been segmented into plant-based and animal-based emulsifiers. Plant-based food emulsifiers are preferred to animal-based food emulsifiers, as they are less harmful and more stable in food formulation. These factors drive the plant segment in the food emulsifiers market. The market, by source, is estimated to be dominated by the plant segment in 2018 and is also projected to grow at a higher CAGR.

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Report analyzes food emulsifiers market along with food emulsifiers market across different types and regions. It aims at estimating market size and future growth potential of this market. The key players in the food emulsifiers market adopted expansions and product launches as their key growth strategies to increase their market share and profits.

The bakery, convenience, and confectionery industries in this region are the major consumers of food emulsifiers. The consumption of bakery and convenience products and confectionery has been increasing consistently for many years, resulting in the largest share of the North American market in the global food emulsifiers market.

Recent Developments
• In March 2018, Cargill (US) introduced a new range of de-oiled lecithin products to complete its portfolio of GMO and non-GMO lecithin products.
• In February 2018, Dupont’s (US) division, DuPont Nutrition & Health, announced the development of POWERBake 6000 product range based on a new enzyme that acts as a strengthening solution, adding tolerance and consistency in bread and buns.

Details on “Food Emulsifiers Market by Type, Source, Application, and Region - Global Forecast to 2023” at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=256091 .

The food emulsifiers market, by source, has been segmented into plant-based and animal-based emulsifiers. The market, by source, is estimated to be dominated by the plant segment in 2018 and is also projected to grow at a higher CAGR. Plant-based food emulsifiers are preferred to animal-based food emulsifiers, as they are less harmful and more stable in food formulation. These factors drive the plant segment in the food emulsifiers market.

The breakdown of primaries on the basis of company type, designation, and region is as follows:
• By Company Type: Tier I:70%, Tier II: 20%, and Tier III:10%
• By Designation: C Level:50%,D Level:10%, Others: 40%
• By Region: North America: 20%, Europe: 30%, Asia Pacific:30%, and RoW: 20%

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