The Emulsifier Market is being driven by Growing demand from bakery and confectionery segments
The Emulsifier Market is expected to grow at a CAGR of 6.3% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2927.7 million. The global emulsifiers market is experiencing significant growth due to the increasing demand for processed foods, particularly in emerging markets. This trend is driven by changing urban lifestyles and the need for convenience and efficiency in food preparation. Industrial food manufacturers are responding to this demand by enhancing their production capacity and introducing innovative new emulsifiers to meet consumer preferences. The market is highly competitive, with key vendors having a global presence and large multinational food companies dominating the landscape. Manufacturers must balance consumer demand with pricing pressure from the retail food sector, making cost-effective and efficient production essential.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on End-user (Food and beverage, Personal care, Pharmaceuticals, Industrials, Others) Geography (Europe, North America, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Emulsifier Market Research Report
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The Emulsifier Market encompasses various industries including Processed Food, Beverages, Health and Wellness, Cosmetics, and Personal Care. Sourcing of raw materials like fatty acids from agricultural products such as palm oil and soybeans is crucial. Food Emulsifiers like mono- and diglycerides are used in Convenience Food and Premium Products for texture enhancement and fat reduction. Natural Food Emulsifiers with multifunctional attributes are preferred by health-conscious consumers for Low-Fat Food and Weight Gain. Clean-label products and Veganism trends have led to the use of plant-based lecithin and stearoyl lactylates. Animal-derived emulsifiers face challenges due to ethical concerns. Emulsifiers serve as Food Additives, improving sensory characteristics and acting as texture enhancers in various industries.
The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of various industries such as processed food, beverages, health and wellness, cosmetics, and personal care. According to Technavio, the market size is determined by the consolidated revenue of manufacturers producing specialty chemicals for these sectors. Factors propelling the expansion of the specialty chemicals market include the increasing preference for specialty adhesives and sealants. Agricultural products, including fatty acids derived from palm oil and soybeans, serve as significant raw materials in the production of these high-performance adhesives and sealants, further fueling market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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