Plant Based Food Emulsifiers Market by Type (Mono-di-glycerides, Lecithin, Stearoyl Lactylates, Polyglycerol Ester, Others), By Source (Plant Based, Animal Based), By Application (Bakery Products, Dairy Products, Meat Products, Convenience Food Products, Confectionery Products, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 - 2027

Food Emulsifiers account for about 30 percent of the global emulsifier demand.

The food emulsifiers market is expected to grow at a CAGR of 5.1% during the forecast period from 2019 to 2027, starting from US$ 2.3 Bn in 2018. 

The rising demand for food additives and processed food drives the food emulsifiers market as emulsifiers are the most common content of processed food. Emulsifiers are products used to alter the flavor and improve the texture of food products. As per the report, it is estimated that about 74% of the approved food products globally contain emulsifiers, one of the key factors propelling the market's growth. 

The production and consumption of food emulsifiers as food additives are increasing to a great extent. Wide acceptance of lecithin in a variety of food production due to its nontoxicity supports the demand for the lecithin-based food emulsifiers market. Moreover, increased consumption of convenience and premium food products drive the overall food emulsifiers market. 

Market Synopsis

Source Analysis:

In 2018 plant-based emulsifiers dominated the food emulsifiers market and are expected to continue their dominance during the forecast period. Consumers are more inclined to use plant-based emulsifiers due to their capacity to improve health and wellbeing. Moreover, the global market for vegan and vegetarian products was estimated to be around US$ 51 billion in 2016 and is expected to grow at a considerable rate that will drive the plant-based food emulsifiers market. In addition, in 2019, one out of four products launched in the U.K. was labeled as vegan and vegetarian; launches of vegan food products in the U.K. increased from 17% in 2018 to 23% in 2019, which is one of the key factors for the dominance of plant-based food emulsifiers market globally. 

Increasing consumer demand for transparency in listing food ingredients also supports market growth. As per a recent survey, about 67% of the consumers prefer knowing the ingredients that are present in the food products. Moreover, 86% of the consumer feels a sense of trust toward food product manufacturers that provide access to ingredient information.

Regional Analysis 

Rising demand for processed food in the North American region propels the market growth.

North America dominated the food emulsifiers market in 2018 and is projected to grow at a CAGR of around 4.5% during the forecast period. The market's growth is supported by factors such as increased consumption of processed food in the North American region. For instance, according to the report titled Processed Food, the United States, the demand for processed food will grow by around 1.8% annually. Thereby, it supports the growth of the food emulsifiers market in the region. In addition, in June 2018, The U.S. Food and Drug Administration (FDA) announced the mandatory removal of partially hydrogenated oils (PHOs) from food products. Thereby, manufacturers are focusing on developing non-PHO alternatives is one of the key factors supporting the market's growth. 

Major manufacturers in the North American region are focusing on increasing their product portfolio by launching new food emulsifiers. For instance, DuPont Nutrition & Health recently developed a new and natural monoglyceride emulsifier. The new range of natural emulsifiers, Dimodan, provides manufacturers with improved efficiencies and production. 

List of Companies Covered:

  • Cargill, Incorporated
  • DuPont
  • Riken Vitamin Co., Ltd.
  • Kerry Inc.
  • Estelle Chemicals Pvt. Ltd.
  • Ingredients
  • Palsgaard
  • AAK Foods
  • ADM
  • Lonza
  • Puratos
  • Stepan Company
  • DSM

Key Industry Developments: 

  • In December 2019, Cargill entered into a joint venture with Renmatix. The acquisition aims to explore opportunities for new applications in the plant-based functional food segment. Through the acquisition, Cargill aims to draw the technology of Renmatix that uses water, heat, and pressure to convert plant fiber into clean label emulsifier replacement. 
  • In April 2019, Cargill increased its product portfolio by the launch of the latest range of plant-based emulsifiers. The new range of lecithin offers bread manufacturers plant-based emulsifiers. Moreover, lecithins offer a label-friendly alternative for manufacturing long-lasting quality bakery products. 
  • In January 2017, Palsgaard announced the expansion of its business activities in Brazil. The company expanded its reach in Brazil by acquiring Condon. Condon is a leading supplier of special ingredients and bakery emulsifiers to the food industry in Brazil. Through the acquisition, Candon aims to increase its product portfolio and expand sales to North and South America.  

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Segmentation By Type (2017–2027; US$ Bn)

  • Mono-di-glycerides
  • Lecithin
  • Stearoyl Lactylates
  • Polyglycerol Ester
  • Others (polyglycerol polyricinoleate, propylene glycol esters, etc.)

 By Source (2017–2027; US$ Bn)

  • Plant-Based
  • Animal Based

 By Application (2017–2027; US$ Bn)         

  • Bakery Products
  • Dairy Products
  • Meat Products
  • Convenience Food Products
  • Confectionery Products
  • Others (Fats and Oils, Beverage base, Frozen Products, Extruded products, etc.)

 Geography Segment (2017–2027; US$ Mn)

  • North America (U.S. and Rest of North America)
  • Europe (U.K., Germany, France, and Rest of Europe)
  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America.

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall food emulsifiers market. In addition, the global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

Frequently Asked Questions

The market for Food Emulsifiers is expected to reach US$ 2.3 Bn in 2028.

The Food Emulsifiers market is expected to see significant CAGR growth over the coming years, at 5.1%.

The report is forcasted from 2019-2027.

The base year of this report is 2021.

Cargill, Incorporated, DuPont,Riken Vitamin Co. Ltd., Kerry Inc., Estelle Chemicals Pvt. Ltd., Ingredients, Palsgaard, AAK Foods, ADM, Lonza, Puratos, Stepan Company are some of the major players in the global market.

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Published Date:  Feb 2020
Category:  Food & Beverage
Report ID:   60196
Report Format:   PDF
Pages:   120
Rating:    4.2 (56)
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