NEW YORK, December 14, 2016 /PRNewswire/ --
The market value of emulsifiers was almost close to 3500 Mn and the market will continue its journey of growth and will touch an approximate market value of more than 5900 Mn by the end of 2024. The market will propel with a CAGR of 6.0%. The Asia Pacific is the rising region of this market apart from the reigning Europe and North American market.
According to the report by Persistence Market Research titled "Global Market Study on Emulsifiers: Food & Beverage Application Segment Projected to Dominate the Global Market Through 2024", the total worth of the market will soar during the projected period. The market will record a CAGR of 6.0% within the foreseen period.
The popularity of the food emulsifiers in the packaged food industry has increased in the last few years. As food emulsifiers are best used to stabilize an emulsion by pushing up its kinetic stability. They also bring in significant change in the look of the food and arrest the development of cavity in any sort of food product. The personal care industry is also playing a pivotal role in changing the scene of the global emulsifiers market. The increased use of the sodium behenoyl lactylate in several personal care and cosmetic products is also opening a new window of growth for the global emulsifiers market.
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The rapid investment in the food processing industry is also pushing the envelope for the global emulsifiers market. Apart from these the factors such as emerging market for convenience and packaged foods, growing need of the health conscious low fat foods and prevalence of the multi-functional properties ingredients in the personal care and beauty industry will complement the growth of the global emulsifiers market. Though the market will flourish within the assessment period as per the report, but certain key factors such as strict government rules, mushrooming low priced products and frequent changes in consumer choices will clamp down the organic growth of the global emulsifiers market within the period of assessment. The growth of the food and beverage industry in Europe and APAC region is expected to boost revenue growth of the global emulsifiers market. The rise of the China and India as the new economic powers is also a good sign for the global emulsifiers market. The global emulsifiers market is segmented into three sub categories. The application type, product type and region are three major fragments of the market.
Global emulsifiers market forecast
The product type segments, mono & di-glycerides of fatty acid segment will be the lead the market with a whooping CAGR within the assessment period. This fragment is expected to occupy maximum market share towards the close of the period of prediction. The food and beverage segment will lead the pack. This section will dominate highest market share in terms of value and volume. The segment will record a CAGR of 6.3% within the assessment period. The Asia Pacific market will be the fastest expanding market. The region will witness a CAGR of 7.4% by the end of the assessment period.
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Global emulsifiers market: Top companies in the market
There are several companies which are working in this block. The major stakeholders of this market are Puratos Group, The Lubrizol Corporation, Cargill, Incorporated, Kerry Group, The Dow Chemical Company, Koninklijke DSM N.V., BASF SE, Palsgaard A/S, Stepan Company, and the Spartan Chemical Company. Most of these major market players are trying to capitalize on the new market opportunities and trying to foray into several new segments through strong network of distributors.
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