Emulsifiers Market

Emulsifiers Market

The global emulsifiers market was valued at USD 9.1 billion in 2022 and is projected to reach USD 13.1 billion by 2027, growing at a cagr 7.6% from 2022 to 2027. The growing demand for emulsifiers is due to increasing demand for processed food and beverages and rising awareness of health and wellness. Moreover, the growth of cosmetics and personal care emulsifiers in emerging economies such as India, China, Brazil, and others.

Global Emulsifiers Market Trends

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Emulsifiers Market Dynamics

Driver: Increasing demand for processed food and beverages

Emulsifiers are widely used in the food and beverage industry to enhance the stability, texture, and shelf life of goods. To enhance the texture and stability of processed foods and beverages, emulsifiers are utilized. They help the mixing of oil and water-based ingredients to produce a texture that is consistent and smooth. It also helps to extend the shelf life of processed food and beverages by preventing the separation of ingredients and slowing down spoilage. This means that products can be stored for longer periods of time without losing quality. With economic development and increasing globalization, the demand for processed foods such as ready-to-eat products, bread, processed meat, and others is increasing.

Challenges: Raw material sourcing

Raw material sourcing is a significant challenge for the emulsifier industry. Most of the raw materials required to produce emulsifiers, including fatty acids and mono- and diglycerides, come from agricultural products including palm oil, soybeans, and sunflowers. Due to variations in supply and demand, the prices of certain commodities may fluctuate, raising the costs for manufacturers. Due to the effects of their production on communities and the environment, several raw materials used to make emulsifiers, such as palm oil, are associated with sustainability issues. The extraction of palm oil is frequently linked to deforestation and violations of human rights, which prompts consumers and manufacturers to demand more environmentally friendly substitutes.

Opportunity: Growing demand for plant-based emulsifiers

The demand for plant-based emulsifiers has been increasing in recent years due to a rise in awareness of the health and environmental benefits of plant-based products. Consumers are becoming more aware of the components in their meals and are looking for products that are manufactured with natural, artificial-free substances. The development and production of plant-based emulsifiers have increased as a result of the growing consumer desire for products made of plants rather than animal byproducts. Plant-based emulsifiers, such as those derived from legumes, seeds, and nuts, are becoming more common and are being used in a wide range of food products. These emulsifiers are commonly considered healthier and more sustainable alternatives to traditional emulsifiers.

Restraint: Usage of alternatives ingredients

Due to rising consumer demand for more natural and health-conscious food options, alternatives to standard emulsifiers are becoming more and more prominent. Plant-based emulsifiers, fermented substances, surfactants, and fats and oils are some examples of alternative ingredients that can be utilized as emulsifiers.

By application, cosmetics & personal care is projected to have the second highest CAGR during the forecast period in the emulsifiers market

Emulsifiers, which are certified under mandatory standards, can only be considered for use in the personal care industry. They have characteristics like mild detergency actions, good foaming properties (in the case of face wash), good conditioners (skin care creams), adequate preservative properties, and are aesthetically appealing; thus, they are ideal for manufacturing cosmetics & personal care products. Certain emulsifying surfactants, like N-alkyltrimethylammonium chloride or N-alkylimidazoline chloride, are also used in personal care products.

North America accounted for the largest share amongst other regions in the emulsifiers market in 2022, in terms of value.

The demand is mainly because of the existing emulsifier manufacturing companies in this region, technological advancements, and product modernization in terms of quality and application development. In North America, people mainly consume processed food which is either ready-to-eat or easy to cook to get their daily energy supply. This processed food market has been on the rise in this region due to its fast-paced lifestyle, less focus on nutrition, and more emphasis on time-saving methods of preparing food.

Source: Secondary Research, Primary Interviews, and MarketsandMarkets Analysis

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Emulsifiers Market Players

Key players in the emulsifiers market. BASF SE (Germany), Archer Daniels Midland (ADM) (US), Cargill, Incorporated (US), Evonik Industries AG (Germany), Kerry Group plc (Republic of Ireland), Solvay (Belgium), Royal DSM (Netherlands), International Flavors & Fragrances Inc. IFF (US), Corbion (Netherlands), DOW (US), Nouryon (Netherlands), and CLARIANT (Switzerland). The emulsifiers market report analyzes the key growth strategies, such as new product launches, investments & expansions, joint ventures, agreements, partnerships, and mergers & acquisitions adopted by the leading market players between 2016 and 2022.

Emulsifiers Market Report Scope

This research report categorizes the emulsifier market based on source, application, and region.

Emulsifiers Market, By Source:

• Bio-based
• Synthetic

Emulsifiers Market, By Application:

• Food
• Cosmetics & Personal Care
• Oilfield Chemicals
• Pharmaceutical
• Agrochemicals
• Others

Emulsifiers Market, By Region:

• North America
• Asia Pacific
• Europe
• Middle East & Africa
• South America

The emulsifiers market has been further analyzed based on key countries in each of these regions.

Recent Developments

• In September 2022, BASF SE and US technology start-up RiKarbon Inc. Announce an innovation partnership on emollients derived from bio-waste. By this, the partnership company has widened its product portfolio and moving towards sustainability.
• In May 2022, Kerry Group plc opened the largest and most advanced taste manufacturing facility in KwaZulu-Natal, South Africa. The company has invested USD 38.83 million in the 10,000 m2 facility.
• In September 2022, Evonik Industries AG is increasing the capacities of two additive product groups for architectural paints: TEGO Phobe hydrophobic agents and TEGO Viscoplus polyurethane thickeners. This is done due to the increased demand for additives for architectural paints in Europe.

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