The natural emulsifiers segment is expected to grow at a faster rate than the synthetic emulsifiers segment owing to the increasing trend of clean label products. The natural emulsifiers segment held a market share of around 60% in 2020.Market Size and Market Share:
The global emulsifier market size is expected to reach USD ~3 billion by 2028 at a CAGR of +6% from 2021 to 2028. Based on type, the market can be segmented into natural and synthetic emulsifiers.
The major trends in the emulsifier market include the increasing trend of clean label products, rising demand for bakery and confectionery products, and the growing demand for convenience food products. Consumers are becoming more aware of the health implications of food additives, and hence, there is a growing trend of clean label products. Emulsifiers are an important ingredient in bakery and confectionery products, which are gaining popularity globally.
The increasing demand for convenience food products is also a major driver of the emulsifier market. With the busy lifestyle of people, there is a rising demand for easy-to-cook, ready-to-eat, and on-the-go food products, which has resulted in the increased use of emulsifiers in such products.
The emulsifier market offers numerous opportunities, such as the growing demand for natural and organic food products, increasing consumer preference for plant-based products, and the increasing demand for emulsifiers in the personal care industry. However, there are also some threats, such as the high cost of natural emulsifiers, the increasing trend of home cooking, and the stringent regulations and safety concerns related to food additives.
The use of emulsifiers in the food industry is regulated by various organizations, including the Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA). These organizations have set maximum levels of emulsifiers that can be used in food products. In addition, there are safety concerns related to the use of some synthetic emulsifiers, which have led to stringent regulations in some countries.
The target demographics of the emulsifier market include the food and beverage industry, personal care industry, and pharmaceutical industry, among others. The preferences of consumers are changing, and there is a growing demand for natural and organic products. In addition, there is a rising trend of vegan and plant-based products, which has led to the increased use of plant-based emulsifiers.
The pricing of emulsifiers varies across different segments, with natural emulsifiers generally being more expensive than synthetic emulsifiers. The pricing is also affected by factors such as the type of emulsifier, the purity of the emulsifier, and the packaging size.
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