Emulsifiers Market: Food & Beverage Application Segment Projected to Dominate the Market

The changing scene of the global emulsifiers market

The global emulsifiers market will shift from its present position towards a better and brighter period by the end of 2024. The major producers of emulsifiers are on an expansion mode and new emerging consumer markets in India and China will push the market of the global emulsifiers ahead in the years to come. The manufacturers are also building up their arsenal with healthy and innovative products to meet the swelling market demand. The massive increase in the obese population around the world is a massive concern for all the major food manufacturers and processors.

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The industry is also coping with the need of the new breed of health-conscious buyers who are occupying a major portion of this food processing market. The emulsifiers are one of the major ingredients which mixed in a gamut of food products such as bakery, poultry, meat, sauces and dressings, dairy and frozen products. It is generously used in some of the industrial as well as pharmaceutical products. The personal care market is also a big buyer of the emulsifiers.

Asia Pacific region to change the fabric of the global emulsifiers market

The global growth of the emulsifiers market has vanquished all the hurdles and showed a robust growing trend since the year 2015. The market value of emulsifiers was almost close to 3500 Mn and the market will continue its journey of growth and will touch an approximate market value of more than 5900 Mn by the end of 2024. The market will propel with a CAGR of 6.0%. The Asia Pacific is the rising region of this market apart from the reigning Europe and North American market. The emulsifiers market is on a boom in the Asia Pacific region. Persistence Market Insights believes that these regions of the globe are the new babies in the block which will outshine their predecessors in the years to come. The emulsifier manufacturers are eyeing this market after foraying successfully in the Europe and North American Markets. The Asia Pacific emulsifiers market is lucrative and ripe for investment. The market is open and virgin and governments of this region are opening their doors to the emulsifier producers as many of the major economies of this region such as India and China have accepted the use of emulsifiers as a flavor enhancer in different food products.

Growing pharmaceutical and food processing industry of China and India to back the surge of the global emulsifiers market

Apart from this the Asia Pacific region is one of the fast paced economies of the world. The Asia Pacific region is a massive thriving market for cosmetics and health products. The booming Chinese economy and empowered and modern buyers of India is playing a crucial role to change the face of the cosmetics and personal care market. The market is crowded several manufacturers of personal care products. The market is filled with unbound opportunities and it is an open ground for the emulsifier manufacturers. The food and beverage segment in the Asia Pacific region will change is steadily rising. The food and beverage market showed promising results in 2015 and it will gallop close to 600 Mn by the end of 2021, which will further increase the expansion of the market within the assessment period.

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The industrial application and the pharmaceutical market will also compliment the surge of the global emulsifiers market. As both these segments will showcase promising results in the years to come. As per the report published by Persistence Market Research, the pharmaceutical industry of the Asia Pacific region will value more than 153Mn by the end of the assessment period. The huge expansion of the processed food industry, surging demand for the convenience foods, rising need for the health conscious low-fat foods, use of paints and coatings, booming pharma industry of this region will affect the market canvas of the emulsifiers.

The market leaders are in expansion mode

Major market players such as Cargill Incorporated, Puratos Group, The Dow Chemical Company, BASF SE, The Lubrizol Corporation, Koninklijke DSM N.V, and Kerry Group are expanding rapidly with the help of a well-knit distributor network. They are all geared up to enter the new emerging markets spread across the Asia Pacific region.

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