Global Emulsifiers Market - 2023-2030
Global Emulsifiers Market reached US$ 3.4 billion in 2022 and is expected to reach US$ 5.0 billion by 2030 growing with a CAGR of 4.9% during the forecast period 2023-2030.
An emulsifier such as Lecithins, sodium stearoyl lactylate, Mono, and diglycerides has shown significant growth in the food and beverages industry leading to cover more than 40.1% globally. The emulsifier market plays a crucial role in the food and beverage industry by providing essential ingredients that help stabilize and improve the texture, and appearance, and are used as active agents which help the products to stay longer time various products.
Asia-Pacific is one of the largest regions for the growth and development of emulsifiers. The food and beverages industry witness the highest growth. The usage of processed food increases in this region due to changes in the lifestyles of consumers and rising consumer focus more on clean labels food products and natural formulations leading to create growth prospects for the market in the region.
Market DynamicsGrowing Consumer Demand For Clean-label And Natural Food Products
Consumers are becoming more conscious about the quality of food, safety, and its nutritional value. Consumers are actively searching for food products that are free from additives and are made with natural formulations. Emulsifiers from natural sources such as bio-based and plant-based emulsifiers are natural emulsifiers without any preservatives added. For instance, on 16 Jun 2023, a report by Deloitte Australia is for the future of food in which initiatives are taken by various industry players as they join hands for rallies around the globe that aims to influence the public about food safety and quality.
The growing consumer awareness about the quality of food and safety is a significant driver due to which the demand for emulsifiers also increased. In which consumers actively search for clean-label food. For instance, on 25 May 2021, a report by the Food and agriculture organization of the U.S. in which the government-initiated food safety programs and campaigns. Provided guidelines for food qualities.
Rising Demand for Emulsifiers In Agrochemical Formulation And Technological Advancements
Emulsifiers play a very significant role in agrochemical formulation that improves the dispersion and stability of pesticides. With the help of an emulsifier, it creates stable emulsion ingredients. The growth factor due to which emulsifier increases in the agrochemical industry as efficient crop protection is needed. As farmers phase various challenges such as climate change.
The technology launched by Clariant’s which named as Glufosinate formulation toolbox. The Glufosinate formulation toolbox ensures crop growth and enhances food security. With the drone, it ensures the safety of farms. The drone management system with the help of drones, the solution is sprinkled in farms. For instance, on 14 September 2020, BASF launched new technology named L-glufosinate which is used for crop protection.
Regulatory Compliance And Technical Challenges
Regulatory compliance is a major factor that impacts the growth of emulsifier markets. Emulsifiers are used in various industries such as food and beverages, pharmaceuticals, and cosmetics. So proper standards should be there to ensure the safety and quality of the product. Companies in the emulsifier market need to allocate proper resources, research and development facilities, and testing facilities.
Dynamic regulations also added complexity and uncertainty in the emulsifier market. This factor leads to increase costs, and a lack of standardization is there due to which the demand for emulsifiers decreases. The maximum time required for the development of emulsifiers also increases the challenge for supply chain management.
Segment AnalysisThe global emulsifier is segmented based on type, function, source, end-user and region.
Role Of Emulsifiers In the Pharmaceutical Industry And The Trend Of Biologics
Emulsifier plays a major role in the pharmaceutical industry as it used for the formulation of various medicines and drugs. Which enhances the usage of solubility and bioavailability of hydrophobic drugs. For instance, in June 2022 a paper was recently developed on the industrial application of nanoemulsions in which it describes nanoemulsion systems. Nanoemulsion system used for advanced drug delivery system. This delivery system is widely used majorly in the pharmaceutical industry.
Biologics offers therapy options in the pharmaceutical industry which is used for treatment to treat cancer patients and autoimmune diseases. The innovation of therapeutic agents is derived from biological sources which offer a novel treatment for various diseases. For instance, in a report by pharma excipients, a developer from UGA Biopharma GmbH has developed a high-speed workflow that includes analytics and bioprocess development in bioreactors.
Geographical Penetration
Asia-Pacific’s Growing Demand and South Korea's Cosmetics Industry Expansion
Asia-Pacific has significant growth in the emulsifier market covering nearly 45.4% globally. As population growth contributed to a rapid increment of emulsifiers across the globe. As the population grows the demand for processed food, cosmetics, and personal care products where emulsifiers are used more for their formulation grows.
South Korea witness the highest growth of emulsifiers in cosmetics. South Korea includes different types of cosmetics named vegan, derma, and natural products. Microbiome cosmetics witness the highest growth compared to other products due to their enhance skin immunity products. For instance, on 23 Aug 2023, Cosmox develop a microbial-based emulsifier for natural cosmetics. Cosmox is a leading cosmetic design manufacturer, as it develops cosmetics without chemicals.
Competitive LandscapeThe major global players in the market include ADM, Akzo Nobel N.V., BASF SE, Cargill, Incorporated, Clariant, Corbion, DSM, DuPont, Evonik, Kerry Inc and Estelle Chemicals Pvt. Ltd. (India)
COVID-19 Impact AnalysisDue to COVID-19 consumers increase their awareness of health and wellness. This leads to the growing demand for healthier and natural food options. There has been increased interest in clean labels and natural emulsifiers. The decline in out-of-home cooking impacted the consumption of emulsifiers.
During COVID-19 the cosmetics industry had downfalls. A salon, spas and social gathering is restricted during COVID-19. However, consumers shifted towards home care rather than preferring to go outside. Emulsifiers are used for the formulation of cosmetic products. Due to the pandemic, there is an increase in health, hygiene and natural products.
Russia-Ukraine War Analysis
Due to Russia Ukraine war, the companies face problems with inconsistent production. These productions and contracts impact the supply chains of emulsifiers. Countries that depend mostly on Russia and Ukraine are sourcing alternatives to ensure smooth supply chains. These leads to new partnerships and supply chains over the globe.
Russia Ukraine war leads to geopolitical tensions and changes in trade policies. Due to this government imposes trade regulations and other barriers. These restrictions impact the global emulsifier market. Manufacturers and importers may have to navigate through evolving regulatory environments, which could impact the global emulsifier industry.
Why Purchase the Report?• To visualize the global emulsifier market segmentation based segmented based on type, function, source, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of emulsifiers market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key application of all the major players.
The global emulsifiers market report would provide approximately 69 tables, 71 figures, and 195 Pages.
Target Audience 2023• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies