The food emulsifiers market is estimated to be valued at USD 3.2 billion in 2020 and is projected to reach USD 4.0 billion by 2025, at a CAGR of 4.7%. The market is driven by the rise in consumption of convenience foods and premium products and a growing number of end-use applications due to the multifunctional attributes of the emulsifiers.
The key players in the food emulsifiers market include Corbion NV (Netherlands), Beldem SA (Belgium), Lonza Group (Switzerland), Palsgaard A/S (Denmark), Riken Vitamin (Japan), and Tate & Lyle Plc (UK). Furthermore, Kerry Group Plc. (Ireland), DowDuPont (US), and Archer Daniels Midland (ADM) (US) are the other players that hold a significant share in the food emulsifiers market.
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Kerry Group plc is a leading global manufacturer of food ingredients and flavors. It is a supplier of value-added brands and branded chilled food products to the UK, Ireland, and selected international markets. The company is dedicated to serving the food & beverage and pharmaceutical industries. The company offers its products in more than 140 countries in Europe, the Middle East & Africa (EMEA), North America, South America, and Asia Pacific. It has subsidiaries in 40 countries, globally. Kerry is engaged in major strategic expansions that have helped in strengthening its market position, globally. The company has a wide and innovative product portfolio for food emulsifiers that caters to various end-user applications in the food industry.
Cargill is one of the largest suppliers of food & beverage ingredients. It is strengthening its market position through a series of product launches and approvals in the area of food emulsifiers. Investments in expanding its existing facilities to enhance the production capacities were adopted foreseeing the elevated demand for food products through a wider application streams such as bakery, confectionery, snack products, and other ready-to-eat food products. During March 2018, it introduced a new range of de-oiled lecithin products to complete its portfolio of GMO and non-GMO lecithin products. It also focuses on expanding its technical centers to serve customers across the globe. In December 2017, it announced to invest USD 240 million (INR 1,500 crores) in India over the next five years. These new investments would add to the food safety and economic development of the country and would benefit the food processing and agriculture industries.
Archer Daniels Midland Company (ADM) is primarily engaged in food-processing and commodity-trading. It is one of the key players in the agricultural processing and food ingredient providing sector. ADM manufactures a wide range of products, which include food & beverage ingredients, feed and feed ingredients, biofuels, and naturally derived alternatives for industrial chemicals. ADM offers various emulsifiers through its wild flavors and specialty ingredients business segment, which has a range of consistent, high-quality lecithin that promotes blending in food products, reduces ingredient hardening, and improves food texture. ADM aims to increase its business in most countries to develop a significant global network by adopting expansion as its major strategy. The company also aims to expand its sourcing, storing, transporting, transforming, processing, marketing, and distribution facilities to serve its consumers better. Recently, in August 2018, the company opened a technical innovation center in Shanghai, China, to support the development of innovative, on-trend, and nutritious products to meet the growing food & beverage demand in Asia Pacific.
Food Emulsifiers Market by Type (Mono & di-glycerides and their derivatives, Lecithin, Sorbitan esters, Polyglycerol esters, and Stearoyl lactylates), Source, Function, Application, and Region - Global Forecast to 2025
Mr. Aashish Mehra
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