Food Emulsifier Market - Southeast Asia Industry Analysis 2021
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According to the report, the Southeast Asia food emulsifier market is expected to rise from a valuation of US$173.3 mn in 2014 to a valuation of US$248.3 mn by 2021 at an estimated CAGR of 5.10%. Growing demand for packaged foods counts as a major driver acting on the Southeast Asia food emulsifier market in the forecast period. High demand for convenience foods is also a major driver of the Southeast Asia food emulsifier market.
The Southeast Asia food emulsifier market is segmented on the basis of application into convenience foods, bakery and confectionery products, meat products, dairy products, and others. As mentioned before, convenience foods have led the demand for food emulsifiers in Southeast Asia in the recent past, with a 24.8% share in the Southeast Asia food emulsifier market in 2014, and will continue to lead the market in the forecast period. Steady demand for bakery products and dairy products from various countries will also enable the Southeast Asia food emulsifier market to exhibit a strong CAGR in the forecast period.
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According to product type, the Southeast Asia food emulsifier market is segmented into mono- and di-glycerides and derivatives, sorbitan esters, lecithin, stearoyl lactylate. Among these, mono- and di-glycerides and derivatives accounted for more than 43% of the Southeast Asia market for food emulsifiers. Lecithin was the second largest product segment of the Southeast Asia food emulsifier market in 2014, with a share of close to 24%. While these two leading segments will retain their lead in the forecast period, the sorbitan esters and stearoyl lactylate segments are expected to exhibit higher growth rates than the leading segments.
The report details data about each of the Southeast Asia food emulsifier market’s segments, providing a forecast for each segment in the coming years. Along with product and application segments, regional segmentation of the Southeast Asia food emulsifier market is also provided in the report, with data about the recorded and expected performance of Thailand, Malaysia, Indonesia, and Vietnam highlighted in the report for a clear understanding of the regional distribution of the Southeast Asia market.
The report also profiles major players operating in the Southeast Asia food emulsifier market for a comprehensive understanding of the competitive landscape of the market. Players such as Cargill Inc., Associated British Foods plc, BASF SE, Ajinomoto Co., Archer Daniels Midland Company, and Givaudan SA are examined in the report.
The Southeast Asia food emulsifier market is segmented as follows:
Southeast Asia Food Emulsifier Market: By Product Type
Mono, Di-Glycerides & Derivatives
Southeast Asia Food Emulsifier Market: By Application Type
Bakery & Confectionery
Southeast Asia Food Emulsifier Market: By Geography
Rest of Southeast Asia
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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