New York, NY -- (SBWire) -- 08/10/2017 --The global market for emulsifiers is projected to register an impressive expansion, to reach approximately US$ 6,000 Mn in revenues by 2024-end.
A recent research published by Persistence Market Research (PMR), estimates the total value of the global emulsifiers market to soar higher over the forecast period 2016 to 2024.
Emulsifiers Bring Significant Changes in Food Aesthetics, Eliminating Occurrences of Cavity in Food Products
Food emulsifiers have gained immense popularity in packaged food industry over the past couple of years, as food emulsifiers are well-suited for stabilizing an emulsion by elevating its kinetic stability. Emulsifiers also bring significant changes in food aesthetics, and eliminate the occurrence of cavity in food products. The personal care industry has been playing an indispensable role in reshaping the global emulsifiers market. The rise in adoption of sodium behenoyl lactylate in cosmetic, and personal care products, are expected to pave new opportunities for growth of the global emulsifiers market.
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Rapid investments in food processing industry have been extending the scope of the global market for emulsifiers since recent past. Other factors such as surge in requirements of low-fat health conscious foods, emerging markets for packaged and convenience foods, and rising prevalence of ingredients with multi-functional properties in beauty and personal care products are further anticipated to contribute to the market growth. However, constantly changing preferences of consumers, introduction of cost-effective products, and stringent regulations imposed by the governments are expected to curb the market growth in the near future. The growth of India, and China as new economic powers is considered as a positive sign for growth of the market.
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APAC to be Fastest Expanding Market for Emulsifiers
The global market for emulsifiers has been segmented into product type, application, and region. Mono & di-glycerides of fatty acid will be the top-selling product in the global market, exhibiting an impressive CAGR through 2024. This product segment is projected to account for the largest revenue share of the market by 2024-end. Food & beverages will continue to be the largest application segment of the global emulsifiers market, and will remain dominant in the market in terms of volume as well as value. Sales of emulsifiers in food & beverage application will register 6.3% CAGR through 2024. The market in Asia Pacific (APAC) is estimated to register the fastest expansion at a high single-digit CAGR through 2024.
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Competition Tracking
Key market players profiled in PMR's report on the global emulsifiers market include The Spartan Chemical Company, Stepan Company, Palsgaard A/S, BASF SE, Koninklijke DSM N.V., The Dow Chemical Company, Kerry Group, Cargill, Incorporated, The Lubrizol Corporation, and Puratos Group. These market players are taking measures to capitalize on new market opportunities, and foray into new segments via strong distributor network.
Summary- Global emulsifiers market will register an impressive expansion. Demand for emulsifiers to be driven by rising demand for low-fat health conscious food products.
Emulsifiers Market : Food and Beverage Segment Will Rise at 6.3% CAGR by 2024
PMR's report identifies a slew of major imperative elements, which will foster the market's ecosystem. By scrutinizing the market's loopholes, the report offers key prospects of the market.