Global Food Emulsifier Market to be Worth US$4.3 bn by 2021
Albany, NY -- (SBWIRE) -- 04/09/2018 -- Global Food Emulsifier Market: Overview
The growth of the global food emulsifier market has been exceptional over the last couple of years owing to the rising demand for packaged and ready to eat food products. The growing number of consumers who are health conscious and are demanding low-fat food products are also driving the growth of the global market for food emulsifier. Additionally, the demand for food emulsifier is also expected to be quite high from the confectionery and bakery sector. With the demand for bakery products increasing, the demand for food emulsifier is also expected to rise in the years ahead. The market is also expected to witness positive changes from the improvements and innovations taking place in the industry pertaining to food emulsifier. The global market for food emulsifier is further expected to be driven by the growing demand for food emulsifier from emerging nations in Asia Pacific such as China and Japan. With the rise in the global drift towards a healthier lifestyle and rising health concerns among consumers, the demand for food emulsifier is likely to intensify in the years ahead, thus supplementing the growth of the market in return.
The global market for food emulsifier is expected to rise at a 4.0% CAGR from 2014 to 2021. The market is expected to reach a valuation of US$4.3 bn by the end of 2021 from worth US$3.2 bn in 2014.
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Convenience Food to Hold Significant Share in Global Food Emulsifier Market
The worldwide food emulsifier market has been divided on the premise of application into meat products, confectionery and bakery products, convenience foods, and dairy products, among others. The size, position, and presence of the emulsifier market relies upon confectionery and bakery products and convenience foods. As far as income is concerned, the convenience food segment held the significant piece of the pie in 2014. It is trailed by the confectionery and bakery products, dairy products, and meat products in the exact order in 2014. The expanding sales of convenience foods is relied upon to drive the development of the food emulsifier market internationally. Occupied ways of life and changing eating designs are the elements that are driving the development of the segment for convenience food products, and this, thus, is driving the development of the food emulsifier market, all around.
Asia Pacific to Emerge as Most Lucrative Region
Region-wise, the global market for food emulsifier has been classified into Asia Pacific, North America, Europe, and the Rest of the World. The factors that are driving the growth of the market in these regions are inclination of low fat food products among consumers, high use in ice cream and bakery products, rising demand in developing economies, and growing demand for packaged foods. Among all the regions, Asia Pacific is anticipated as the most lucrative region owing to the growing demand from Japan, China, and India mainly. China and India, being the most populated, have the leading demand for food emulsifier in the region. At present, lecithin, sorbitan esters, di-glycerides and derivatices, and the mono are highly preferred by the consumers there. Thus, the market for food emulsifiers in the region is anticipated to grow at a substantial rate in the region over the course of the forecast period.
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The leading companies operating in the market are Givaudan SA, Chr. Hansen Holding A/S, BASF, CP Kelco U.S., Inc., DSM Nutritional Products AG, Archer-Daniels-Midlands Company, Associated British Foods Plc., Ajinomoto Co., Sensient Technologies Corporation, and Cargill Inc.