August 20, 2020
According to the recent research report titled ‘Asia Food Emulsifiers Market Size By product, By Application, Regional Outlook, Industry Analysis Report, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Asia food emulsifiers market to record a substantial growth during 2020-2026.
Growing consumption of processed food, increasing scope of end-user applications, along with rising wellness and health trends are the key factors driving the growth of Asia food emulsifiers market.
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For those uninitiated, an emulgent or food emulsifier is a surface-active substance which generally works as a border amid two immiscible liquids like water and oil, further enabling them to mix with stable emulsions. They also control crystallization and reduce stickiness.
Notably, emulsifiers made from synthetic, plant, and animal sources are usually used in processed foods like mayonnaise, ice cream, and baked goods for a smooth texture and extended lifespan.
Based on product type, the sorbitan esters segment is projected to witness a CAGR of 4.5% over the analysis period. Sorbitan esters are a mixture of sorbitol ester and sorbide ester. They are largely used as a top emulsifier with other emulsifiers having various functions.
Speaking of the application spectrum, the food & nutrition segment is reckoned to register over 5% CAGR in the ensuing years. The growth is attributable to growing wellness and health trends.
Beverages segment presently holds 15% share of the market. Several soft drinks include colors and oil-based flavors. Since oil and cold water do not combine, emulsions are used to deliver oils facilitating stable and uniform beverages.
From a regional perspective, Japan is projected to record a CAGR of 4.6% over the forecast timespan. Emulsifiers are added in Japanese foods like tofu and minced fish products.
Malaysia currently holds 17% share of the market attributable to booming tourism activities which is likely to influence the sales in the forthcoming years. As per the report, Philippines holds 2% share, whereas, Vietnam is projected to record a y-o-y growth rate of 5.5% through 2026.
Major contenders in Asia food emulsifiers market are Kerry Group, Ingredion Incorporated, Musim Mas, Futura Ingredients, Oleon NV, Stepan Company, DuPont, BASF SE, Palsgaard A/S, Corbion, Lasenor Emul, S.L., Lonza, Cargill, Inc., Mitsubishi Chemical Holdings, Global Specialty Ingredients, Archer Daniels Midland Company, and Riken Vitamin.