India Food Emulsifiers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

India Food Emulsifiers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Indian food emulsifier market (henceforth, referred to as the market studied) is projected to register a CAGR of 9.8% during the forecast period (2020 - 2025).

Key Highlights

• India being a developing country with a very high population rate, the increasing disposable income of people and busy lifestyle is leading to the demand for convenient processed foods and ready-to-eat products. Thus, the market studied has received a boost in its growth due to its application in the processed food industry.
• Rapidly evolving retail landscape and an influx of multiple brands across various product categories have boosted the market, primarily due to the booming food processing industry.
• Additionally, the demand for bakery products, like chocolates, pastries, and cakes, has been increasing across the country, thus, making emulsifier an essential additive.

Key Market TrendsDemand for Packaged and Convenience Food

A rapidly rising population and greater levels of urbanization in India have boosted the demand for processed food products, thus, driving the demand for food ingredients. In Asian countries, like India and China, with greater disposable incomes and busy lifestyles, the demand for packaged, processed and ready-to-eat foods are increasing. The manufacturers of food emulsifiers are seeing an increased demand from food manufacturers to preserve the freshness, safety, taste, appearance, and texture of the processed foods. All food emulsifiers are required to be approved by appropriate authorities and organizations must ensure strict limits on added amounts and types of emulsifiers in processed foods. Every emulsifier must be included in the ingredients listing on a package to ensure choice for the convenience-demanding consumers.

Dairy and Frozen Products is the Largest Segment by Application

India is the prominent producer of milk in the world and, thus, the demand for flavored milk, recombined milk, which is made from milk powder, and chocolate milk drives the emulsifier market in the dairy industry. The emulsifiers used in different flavored dairy drinks include Lecithin (E322) and (E436). The increasing demand for premium ice creams in India influences the use of emulsifiers, especially E471, which is a derivative of mono diglyceride and owes functional properties, like viscosity, stability and fat reduction, for example, it is used in Amul’s chocolate chip ice cream, strawberry ice cream, and Moroccan dry fruit Rich crème. The major players in India’s frozen dessert and ice cream industry include Hindustan Unilever Limited, GCMMF, Vadilalindustries, Havmor foods, Devyani food industries, Mother Dairy Fruits and Vegetables, and HatsunAgro Products.

Competitive Landscape

The market studied is dominated by international players, such as ADM, Kerry Group, Ingredion Incorporated, and others. In the market studied, companies are not only competing on the basis of product quality and promotion but are also focused on strategic initiatives, in order to account for prominent market shares. New product launches, partnerships, expansions, and acquisitions are the major strategies adopted by the leading companies in the market studied.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

DSM
AAK
Archer Daniels Midland Company
Ingredion Incorporated
Kerry Inc.
Puratos Group NV
Corbion NV

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