Emulsifiers are surface active agents that stabilize an emulsion, i.e., a mixture of two or more immiscible liquids. Emulsifier molecules have two ends – one hydrophilic and another hydrophobic. The hydrophilic end forms bond with water. Emulsifiers are broadly classified into three types – natural, synthetic, and semi-synthetic. Nowadays, natural Emulsifiers have found growing applications in the food & beverages industry.
Emulsifiers are mainly used in food products, cosmetics and personal care products, agrochemicals, and pharmaceuticals. In the food & beverages industry, Emulsifiers are used to improve the texture of food and mix the ingredients properly. They are mainly used in bakery and confectionary products, dairy and frozen products, sauces and dressings, desserts, beverages, cereals, and infant & child nutrition products.
Rising disposable income and a rise in the consumption of processed food will increase the demand for food Emulsifiers in the coming days, which in turn, will propel the growth of the global Emulsifiers market. In the pharmaceutical industry, Emulsifiers are used in syrups, creams & gels, and tablets due to their properties of chemical inertness and non-toxicity. Moreover, Emulsifiers can also increase the shelf life of the products.
So, the growth of the global Emulsifiers market will be driven by increasing use of Emulsifiers in the aforementioned industries, growing demand for packaged and processed food, and rising disposable income. The global Emulsifiers market is expected to reach USD 6.32 billion by 2024, growing at a CAGR of 6.4%.
At present, synthetic Emulsifiers account for about 70% of the market share. However, the demand for natural Emulsifiers is expected to grow at a high rate in the near future, as an increasing number of companies are going in for producing natural and organic skin care products. This has led to an increase in demand for natural Emulsifiers and increasing research and development activities for making natural Emulsifiers.
The North American Emulsifiers market was the largest market in 2018. The dominance of North America can be explained by the existence of high demand for processed and convenience food, as well as dairy and frozen food in the region. Moreover, the top food emulsifier manufacturers are also located in this region.
Asia-Pacific and Latin America are emerging markets and countries of these two regions such as China, India, Brazil, and Mexico are going to play an important role in the growth of the global Emulsifiers market in the coming years.
The major players operating in the global Emulsifiers market are, DowDuPont, Archer Daniels Midland Company, Cargill, Ingredion Incorporated, Kerry Group Plc., Tate & Lyle, Corbion N.V., Lonza Group Ltd., Palsgaard A/S, Riken Vitamin Co. Ltd., and Beldem S.A.