New York (US), May 30, 2023 (GLOBE NEWSWIRE) -- Emulsifiers Market Overview
The MRFR study reports imply that the “Emulsifiers Market Research Report Information by Chemical Structure, Region, and Application - Forecast Till 2030, the global “Emulsifiers market research predicts that the market is likely to bolster substantially during the review era from 2022 to 2032 at a substantial growth rate of around 6.10%. The reports further predict that the Emulsifiers market size will be nearly USD 7.66 billion by the end of 2032. The study reports that the market was worth nearly USD 4.5 billion in 2022.
Market Scope:
The global Emulsifiers industry has lately demonstrated immense development. The primary parameter causing a surge in the performance of the market is the Growing Emulsifier applications in food products such as snacks, quick ready-to-eat meals, instant nutritional products, and cereals around the globe. Furthermore, the expanding populations and modernization are also considered vital parameters enhancing the market performance. Moreover, factors such as the increasing consumption of packaged meals, shelf-life improvement, the non-toxicity of the chemicals, increasing consumer health consciousness, growing concern for personal care, and growing pharmaceutical & cosmetic industry are also likely to enhance the growth of the market over the review era.
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Competitive Analysis
The listing of the prominent leaders across the global market for Emulsifiers includes players such as:
- BASF SE (Germany)
- Cargill Incorporated (U.S.)
- Dow (U.S.)
- Archer Daniels Midland Company (U.S.)
- DuPont (U.S.)
- Solvay S.A. (Belgium)
- Kerry Group (Republic of Ireland)
- Clariant (Switzerland)
- Koninklijke DSM N.V. (The Netherlands)
- Evonik Industries AG (Germany)
- Akzonobel N.V. (The Netherlands)
- The Lubrizol Corporation (U.S.)
- Lonza (Switzerland)
- Stepan Company (U.S.)
- Among others.
Report Scope:
| Report Attribute | Details |
| Market Size 2032 | USD 7.66 billion |
| Compound Annual Growth Rate (CAGR) | 6.10% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2019- 2021 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Dynamics | Emulsifier applications in food products are rising. They are increasing awareness about health. Increase in the developing economy's disposable income. |
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Market USP Covered
Market Drivers
The global Emulsifiers industry has lately demonstrated immense development. The primary parameter causing a surge in the performance of the market is the Growing Emulsifier applications in food products such as snacks, quick ready-to-eat meals, instant nutritional products, and cereals around the globe. Furthermore, the expanding populations and modernization are also considered a vital parameter enhancing the market performance. Moreover, factors such as the increasing consumption of packaged meals, shelf-life improvement, the non-toxicity of the chemicals, increasing consumer health consciousness, growing concern for personal care, and growing pharmaceutical & cosmetic industry are also likely to enhance the growth of the market icer the review era.
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Market Restraints
On the contrary, some parameters may restrict the market's development. The main parameter limiting the market's development is the high costs associated.
COVID-19 Impact
The COVID-19 pandemic has had a massive impact on several industry areas worldwide. The Emulsifiers market is no different than others. The market experienced a tremendous setback during the pandemic, given the halt of several industrial operations and manufacturing activities. However, with the world recovering from the impact caused by the global health hazard, the market is anticipated to grow considerably over the coming years.
Segment Analysis
Among all the types, the synthetic segment secured the leading position across the global emulsifier market in 2022, with the largest contribution of nearly 51.6%, worth USD 2.3 billion. The main parameter supporting the market segment's expansion is the increasing availability of semi-synthetic emulsifiers.
Among all the application areas, the Food Products category secured the leading position across the global emulsifier market in 2022 with the largest contribution of nearly 58%. The main parameter supporting the market segment's expansion is the increasing use of emulsifiers in food items, such as snacks, ready-to-eat meals, cereals, and instant nutritional products.
Regional Analysis
The global market for Emulsifiers is studied across five major parts: Asia-Pacific, Europe, North America, Latin America, and Middle & Africa.
The research reports by MRFR suggest that the North American Region held the top position across the global Emulsifiers industry in the year 2022, with the largest contribution of nearly 45.8%. The Region has Canada and the U.S. as the leading growth contributors. The Region's growing population and healthcare industry is the main parameter supporting the regional market expansion.
Europe's Emulsifiers market is anticipated to showcase considerable development over the assessment period. The Region's food and beverage industry growth is the main parameter supporting the regional market expansion. Furthermore, the escalating demand for hair care and anti-aging products will positively impact the regional market's development over the coming years. The Region has Germany as the leading growth contributor with the largest revenue share. On the other hand, the U.K. Emulsifiers market is anticipated to showcase the maximum growth rate over the coming years.
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The Asia-Pacific regional Emulsifiers Market is anticipated to showcase the maximum growth rate over the review timeframe. The main parameter supporting the regional market expansion is the expanding awareness of health concerns. Furthermore, the rising per capita disposable income across the Region is also considered a crucial parameter supporting the regional market's development. In addition, China's Emulsifiers market and the Indian Emulsifiers market will likely contribute to regional market’s revenue share.
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