The global market for food emulsifier is further expected to be driven by the growing demand for food emulsifier from emerging nations in Asia Pacific such as China and Japan. With the rise in the global drift towards a healthier lifestyle and rising health concerns among consumers, the demand for food emulsifier is likely to intensify in the years ahead, thus supplementing the growth of the market in return.
The global market for food emulsifier is expected to rise at a 4.0% CAGR from 2014 to 2021. The market is expected to reach a valuation of US$4.3 bn by the end of 2021 from worth US$3.2 bn in 2014.
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The growth of the global food emulsifier market has been exceptional over the last couple of years owing to the rising demand for packaged and ready to eat food products. The growing number of consumers who are health conscious and are demanding low-fat food products are also driving the growth of the global market for food emulsifier. Additionally, the demand for food emulsifier is also expected to be quite high from the confectionery and bakery sector. With the demand for bakery products increasing, the demand for food emulsifier is also expected to rise in the years ahead. The market is also expected to witness positive changes from the improvements and innovations taking place in the industry pertaining to food emulsifier.
Growing demand for packaged and convenience food is one of the major factors boosting the demand for food emulsifier globally. Apart from this, preference of low fat food is also contributing to the growth of food emulsifier market globally. The food emulsifier market has been observing high growth owing to high demand from the end user industries such as bakery and confectionery industries among others. Due to increase in demand of low fat foods Due to an increasing demand for bakery products, the food emulsifier market is anticipated to growth at high rate during the forecast period of 2014 to 2021. In addition, new product developments will also contribute to the growth of food emulsifier market globally.
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Convenience Food to Hold Significant Share in Global Food Emulsifier Market
The worldwide food emulsifier market has been divided on the premise of application into meat products, confectionery and bakery products, convenience foods, and dairy products, among others. The size, position, and presence of the emulsifier market relies upon confectionery and bakery products and convenience foods. As far as income is concerned, the convenience food segment held the significant piece of the pie in 2014. It is trailed by the confectionery and bakery products, dairy products, and meat products in the exact order in 2014. The expanding sales of convenience foods is relied upon to drive the development of the food emulsifier market internationally. Occupied ways of life and changing eating designs are the elements that are driving the development of the segment for convenience food products, and this, thus, is driving the development of the food emulsifier market, all around.