Food Emulsifier Market Driven by Increasing Consumption of Baked Goods with Rising Westernization
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Growing demand for packaged and convenience food is one of the major factors boosting the demand for food emulsifier globally. Apart from this, preference of low fat food is also contributing to the growth of food emulsifier market globally. The food emulsifier market has been observing high growth owing to high demand from the end user industries such as bakery and confectionery industries among others. Due to increase in demand of low fat foods Due to an increasing demand for bakery products, the food emulsifier market is anticipated to growth at high rate during the forecast period of 2014 to 2021. In addition, new product developments will also contribute to the growth of food emulsifier market globally.
The rise in the number of food borne diseases is driving the growth of the food emulsifiers market as emulsifiers are needed to maintain the overall quality of the product and to retain the fat in food products. The increasing usage of food emulsifiers in bakery products and ice creams is anticipated to boost the growth of the food emulsifiers market globally.
Food emulsifier market is segmented by product into stearoyl lactylatess, mono, di-glycerides & derivatives, sorbitan esters, lecithin and others. Amongst various product types, mono, di-glycerides & derivatives constituted the biggest market share followed by lecithin in 2014. Based on application types, food emulsifier is segmented into dairy products, convenience foods, bakery & confectionery, meat products and others. Increasing demand of convenience foods is one of the major factors driving the demand for food emulsifier. Sorbitan esters and stearoyl lactylatess is set to grow at a lager rate as compared to other products segment. Due to rise in demand of packaged and convenience foods, the market of sorbitan esters and stearoyl lactylatess is anticipated to grow at a high rate during the forecast period of 2014 to 2021. In addition, usage of food emulsifier in ice cream in various countries is driving the growth of global food emulsifier market.
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The growth of the global food emulsifiers market is directly related to the growth of the ingredients market. Therefore, with the rise in sales of ingredients globally, the demand for food emulsifiers is anticipated to increase simultaneously. In regions such as Asia Pacific and Europe, the usage of food emulsifiers is anticipated to rise immensely during the forecast period, which in turn is anticipated to bolster the growth of the food emulsifiers market in such regions.
Based on geography, the global food emulsifier market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia Pacific holds the largest market share in the food emulsifier market followed by Europe, North America, and Rest of the World (RoW). The demand for food emulsifier in Asia Pacific is due to the huge population and growing health awareness among the people in developing nations such as India and China. The food emulsifier market in North America is anticipated to witness stable growth due to rise in demand of low fat food by consumers.
The key participants in the food emulsifier market are Cargill Inc, Sensient Technologies Corporation, Ajinomoto Co., Associated British Foods Plc., Archer-Daniels-Midlands Company, DSM Nutritional Products AG, CP Kelco U.S., Inc., BASF, Chr. Hansen Holding A/S and Givaudan SA.
The report also provides an understanding of value (USD million) of food emulsifier. The study also provides forecast from 2015-2021 and highlights current and future market trends. The market attractiveness analysis is also covered in the report along with qualitative data relating to the drivers, restraints and opportunities governing the global food emulsifier market.
The report segments the food emulsifier market as:
Global Food Emulsifier Market: By Product Type
Mono, Di-Glycerides & Derivatives
Global Food Emulsifier Market: By Application Type
Bakery & Confectionery
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