The market is expected to reach US$3.55 billion by 2022. The demand for food emulsifiers is predicted to rise, due to factors such as increase in demand of convenience food, rising consumption of premium products, and the growing demand for natural sources of ingredients. This created a platform for newer applications of food emulsifiers and consumer’s rising awareness of emulsifiers.
The Asia-Pacific region is forecast to be the fastest-growing region in the global food emulsifiers market in 2017. This region comprises developing economies such as China, Japan, and India, which are the largest consumers of emulsifiers globally.
The increase in population and income in India and China, alongside increased preference for sweet and savoury products are expected to drive the demand from end-use segments such as bakery products and convenience foods. The Indian food emulsifiers market is expected to increase the highest in Asia-Pacific.
Increased consumption of premium products and consumers leaning towards convenience food are factors driving the food emulsifiers market. Additionally, the dairy industry presents potential to emulsifier manufacturers due to the availability of options for processing various dairy products, either artificially by machines or through biological functions.
The dairy products segment is projected to grow at a high rate between 2017 and 2022. Emulsifiers contain functional properties, and this is essential in the formation of dairy products—such as milk shakes, ice creams, whipped creams & desserts, and other milk products. Competition from substitutes such as enzymes and lack of awareness in consumers are major pullbacks for the food emulsifiers market.