The food emulsifiers market share in India will post an incremental growth of USD 40.74 million, progressing at a CAGR of 6.2% during the forecast period. The growing demand from the bakery and confectionery industries will offer immense growth opportunities to market vendors. The food emulsifiers market in India is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Food Emulsifiers Market in India by Source and Application - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The food emulsifier market in India is segmented by source (plant-based and animal-based) and application (dairy products, bakery and confectionery, convenience foods, and others).
The growth of the food emulsifiers market size in India in the plant-based segment will be significant during the forecast period. Plant-based emulsifiers such as agar-agar, guar gum, and convenience food are high in demand which in turn will drive market growth during the forecast period.
The growing demand from the bakery and confectionery industries will directly influence the sales of food emulsifiers in India. In addition, the growing demand for emulsifiers from emerging economies is one of the major food emulsifiers market trends in India that will positively impact the market growth. However, factors such as the rise in the demand for enzymes as a substitute for emulsifiers will hamper the food emulsifiers market growth in India.
What are the key Companies in the Food Emulsifiers Market in India?
The market is fragmented due to the presence of several players. Some of the major food emulsifiers market vendors in India are AAK AB, Archer Daniels Midland Co., BASF SE, Cargill Inc., Corbion NV, DuPont de Nemours Inc., Gujarat Ambuja Exports Ltd., Ingredion Inc., Kerry Group Plc, and Puratos Group NV
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the food emulsifiers market in India forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the food emulsifier's market share in India.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the food emulsifiers market in India.
Food emulsifiers industry growth across India.