Global Emulsifying Salts Market Size study & Forecast, by Nature (Natural and Synthetic), by Type (Phosphate-based Emulsifying Salt, Citrate-based Emulsifying Salt, Acid-based Emulsifying Salt, Acetate-based Emulsifying Salt, and Gluconate-based Emulsifying Salt), by End-Use (Dairy Industry, Bakery Industry, Food & Beverage Industry, Pharmaceutical Industry, Processed Meat & Fish Industry, and Others), and Regional Analysis, 2022-2029
Global Emulsifying Salts Market is valued at approximately USD 1.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 1.8 % over the forecast period 2022-2029. Emulsifying Salts also called melting salts are Sodium citrate, phosphates, and tartrate, which are used in the manufacture of different dairy products milk powder, evaporated milk, sterilized cream, and processed cheese among others. In manufacturing processed cheese, these salts are used to disperse proteins and lipids and obtain a homogeneous cheese product. The rising growth of the dairy industry worldwide and growing demand for processed cheese & dairy products are key factors accelerating the market growth.
The rising growth of the dairy industry worldwide is contributing to the growth of the Global Emulsifying Salts Market. For instance, according to Statista- in 2020, the global dairy market was valued at USD 827.4 billion, and the market is projected to grow to USD 1128 billion by 2026. Moreover, the increasing demand for processed cheese and other dairy products is also driving market growth. For instance, as per Statista – as of 2022, the revenue in the Cheese segment is estimated at USD 29.14 billion, and the market is expected to grow annually by 3.24% (CAGR 2022-2027) to reach USD 34.18 billion by end of 2027. Also, growing expansion of food & beverage industry and rising investment in food processing sector would create a lucrative growth prospectus for the market over the forecast period. However, the volatile cost of raw materials stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Emulsifying Salts Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the high consumption of cheese and cheese-based dairy products and presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising expansion of food processing industry and high production of milk and milk-based products in the region.
Major market players included in this report are:
BK Giulini Corporation
AB Mauri Food Inc.
Fuso Chemical Co. Ltd.
Archer-Daniels-Midland Company
Mtc Industries Inc
Cargill, Incorporated
F.B.C. Industries, Inc.
Fosfa Industries Ltd.
Innophos Investments Holdings, Inc.
WTI, Inc.
Recent Developments in the Market:
In August 2022, USA based Cargill Inc. announced business expansion in Indian market by opening a new headquarter for its Indian unit at Gurugram, Haryana and commencement of a new Cargill Business Services (CBS) in Bangaluru, Karnataka.
Global Emulsifying Salts Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Nature, Type, End-Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Nature
Natural
Synthetic
By Type
Phosphate-based Emulsifying Salt
Citrate-based Emulsifying Salt
Acid-based Emulsifying Salt
Acetate-based Emulsifying Salt
Gluconate-based Emulsifying Salt
By End-Use
Dairy Industry
Bakery Industry
Food & Beverage Industry
Pharmaceutical Industry
Processed Meat & Fish Industry
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Companies Mentioned
BK Giulini Corporation
AB Mauri Food Inc.
Fuso Chemical Co. Ltd.
Archer-Daniels-Midland Company
Mtc Industries Inc
Cargill, Incorporated
F.B.C. Industries, Inc.
Fosfa Industries Ltd.
Innophos Investments Holdings, Inc.
WTI, Inc.
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