The Emulsifiers by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Emulsifiers, The emulsifiers market size has grown strongly in recent years. It will grow from $6.39 billion in 2023 to $6.91 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth in world population and an increase in natural food products.
The emulsifiers market size is expected to see strong growth in the next few years. It will grow to $9.5 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to global population growth and urbanization, rapid growth in ecommerce, increasing consumption of packaged food and food security initiatives. Major trends in the forecast period include global population growth and urbanization, rapid growth in ecommerce, increasing consumption of packaged food and food security initiatives.
The increasing demand for emulsifiers in the food industry for packaged and convenience food worldwide is contributing to the growth of the emulsifiers market. Food emulsifiers are increasingly being used in packaged and convenience food products to prevent microbial spoilage. Demand for packaged and ready-to-eat food is growing over time due to busy lifestyles, the changing eating habits of the population, and the spread of the COVID-19 pandemic. For instance, in May 2022, according to Northeastern University, a US-based private research university 73 percent of the food supply in the US is ultra-processed. In addition to this, in May 2023, according to Food Dive, a US-based online media publication, 2022, sales of salty snacks reached $28.4 billion, which is 15.6% up from the previous year. Hence, the increasing demand for emulsifiers in the food industry is expected to drive the growth of the emulsifiers market.
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The emulsifiers market covered in this report is segmented –
1) By Product: Lecithin, Mono And Di-Glycerides, Stearyl Lactylates, Sorbitan Esters, Polyglycerol Esters, Other Products
2) By Chemical Structure: Natural, Synthetics, Semi-Synthetics
3) By Application: Food Emulsifiers, Cosmetics And Personal Care, Oilfield Chemicals, Pharmaceutical, Agrochemicals, Other Applications
The launch of new products is a key trend in the emulsifiers market. New product launches increase the product portfolio of a manufacturer and help to increase market share. For instance, in November 2021, Solvay, a Belgium-based science company, launched a reactive waterborne emulsifier for solid epoxy resins. Solvay has established an emulsifier for solid epoxy resins that is non-ionic, reactive, and devoid of alkylphenol ethoxylates (APE), mostly used in industrial coatings, paints, or binders.
The emulsifiers market report table of contents includes:
- Executive Summary
- Emulsifiers Market Characteristics
- Emulsifiers Market Trends And Strategies
- Emulsifiers Market – Macro Economic Scenario
- Global Emulsifiers Market Size and Growth
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- Global Emulsifiers Market Competitive Benchmarking
- Global Emulsifiers Market Competitive Dashboard
- Key Mergers And Acquisitions In Emulsifiers Market
- Emulsifiers Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Cargill Incorporated
- Archer Daniels Midland Company
- BASF SE
- Kerry Group PLC
- Dow Inc.
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