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Food Emulsifiers Market 2024-2033: Size, Trends, and Growth Forecast
Food Emulsifiers Global Market Report 2024
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According to The Business Research Company's, The food emulsifiers market size has grown strongly in recent years. It will grow from $3.57 billion in 2023 to $3.86 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increasing demand for processed foods, health and wellness trends, regulatory support.
The food emulsifiers market size is expected to see strong growth in the next few years. It will grow to $5.27 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing food industry innovation, expanding middle-class population, clean label trend, globalization of food supply, sustainable practices, global expansion of convenience foods. Major trends in the forecast period include technological advancements, clean label and natural emulsifiers, plant-based and vegan emulsifiers, customized emulsifier blends, sustainable and environmentally friendly solutions, functional foods and nutraceuticals.
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Market Drivers and Trends:
Growing consumption of functional food products is expected to propel the growth of the food emulsifiers market going forward. Functional foods are products that provide health benefits beyond basic nutrition when consumed as part of a regular diet. Food emulsifiers play a crucial role in enhancing the stability and texture of functional foods, ensuring uniform dispersion of ingredients like oil and water. For instance, in February 2022, Furthermore, in 2023, according to the Department for Business and Trade, a UK-based government agency, the global market for functional foods was valued at $282.7 billion (£209.6 billion) in 2021, and it is projected to experience a compound annual growth rate of 9.5% from 2021 to 2028. Therefore, the growing consumption of functional food products is driving the food emulsifiers market.
Major companies operating in the food emulsifiers market are focused on developing clean-label products to gain a competitive edge in the market. Developing clean-label products with food emulsifiers enhances product stability and texture while meeting consumer demand for transparent ingredient lists. For instance, in August 2023, Vantage Specialty Chemicals Inc., a US-based specialty chemicals company, launched a new emulsifier called Simply Kake, which is specifically formulated to complement the food industry's cleaner label initiatives. It is designed to help bakers create taller, lighter, and more evenly textured cakes and sweets with an optimal crumb structure. The Simply Kake emulsifier provides the baking performance and advantages of conventional hydrated emulsifiers and circumvents the difficulties associated with working with enzymes, which are delicate to process and have a restricted shelf life.
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Major Key Players of the Market:
Dupont Nutrition And Biosciences, Palsgaard A/S, Riken Vitamin Co Ltd., Cargill Incorporated, Estelle Chemicals Pvt Ltd., Kerry Group Inc., Tate & Lyle Plc, Corbion NV, Lonza Group Ltd., BASF SE, Puratos Group, Koninklijke DSM NV, Beldem S.A., Lecico GmbH, Lasenor Emul S.L., ABITEC Corporation, Lubrizol Corporation, Ingredion Incorporated, Stepan Company, PPG Industries Inc., Ashland Global Holdings Inc., Dow Chemical Company, Croda International Plc, Clariant AG, Evonik Industries AG, Wacker Chemie AG, Givaudan SA, Sensient Technologies Corporation, FMC Corporation, Mitsubishi Chemical Corporation
Food Emulsifiers Market 2024 Key Insights:
• The food emulsifiers market size is expected to see strong growth in the next few years. It will grow to $5.27 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
• Rising Demand For Functional Foods Fuels Food Emulsifiers Growth
• Trend- Increasing Focus On Introducing Clean Label Products To Gain A Competitive Edge
• Europe was the largest region in the food emulsifiers market in 2023
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