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Emulsifiers are used as a stabilizing agent across cosmetic, food &beverage, pharmaceutical, and personal care industry where it helps to stabilize the two or immiscible liquid. In the food industry, it is also used to preserve the sensitive feature of food such as tastes, texture, and flavour. Moreover, it is also used in the agriculture industry in the manufacturing of agrochemicals. In the pharmaceutical industry, it finds application across tablets, creams &gels, and syrups. An emulsifier is mainly used in the mixture of liquid where one solution is water and the other is oil. It helps to keep the solution blended by preventing them from getting separated.

Global emulsifiers market was valued at US$ 5.4 Billion in 2021 in terms of revenue, exhibiting a CAGR of 5.5% during the forecast period (2022 to 2030).

Drivers

Rising demand for emulsifiers from the pharmaceutical industry where it is used in the drug formulation such as tablets and syrups is expected to propel the market growth. The growth of emulsifiers is also attributed to the growth in the pharmaceutical industry due to the rising production of the drugs. Thus, the growing demand for emulsifiers from the pharmaceutical industry will favor market growth over the forecast period.

Growing demand for lactic esters of fatty acids across the personal care industry due to its multi-functional property is expected to augment the market growth of emulsifiers. It is used as a humectant and emulsifying agent in the manufacturing of personal care products such as lotions, creams, bath products, facial cleansers. Furthermore, it is also used as a gellant in the deodorants and antiperspirants products.

COVID-19 had somewhat a positive impact on the market. Owing to the lockdown restrictions, there was a huge stockpiling of food which also included bakery products such as bread, biscuits and so on. Food supply chains have demonstrated remarkable resilience in the face of these stresses which in turn induced manufacturers focusing more on maintaining a strong relationship with the value chain stakeholders. The manufacturers increased their focus towards high-quality ingredients and products for which the consumers are ready to pay a higher amount given the high quality of the product.

Figure 1. Global Emulsifiers Market Value Share (%), By Region, 2021

Emulsifiers  | Coherent Market Insights

Market Restraints

Use of emulsifiers in personal care products tends to be expensive and acts as a challenge during the formulation of products. This increases the overall price of personal care products. This factor is expected to hinder the market growth of emulsifiers over the forecast period. The growing use of enzymes in place of emulsifier especially in the bakery products is expected to limit the use of an emulsifier. The use of enzymes has proven to be a cost-effective solution for products such as cakes, bread, and biscuits. Thus, the advent of advanced technologies such as the use of enzymes is expected to hamper the market growth.

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Emulsifiers Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 5.4 Bn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 5.5% Forecast Period: 2022-2030
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Segments covered:
  • By Product Type: Lactic esters of fatty acids, Lecithins, Mono & di-glycerides of fatty acid, Esters of monoglycerides of fatty acid, Polysorbates, Polyglycerol Esters, Polyglycerol Polyricinoleate, Others
  • By Application: Food & Beverage, Industrial Applications, Pharmaceuticals, Personal Care, Others
Companies covered:

The Dow Chemical Company, SM Nutritional Products, Palsgaard A/S, The Lubrizol Corporation, Stepan Company, Spartan Chemical Company, Inc., Cargill, Incorporated, Kerry Group, Puratos Group, and BASF SE

Growth Drivers:
  • Rising demand for emulsifiers from the pharmaceutical industry where it is used in the drug formulation such as tablets and syrups Rising demand for emulsifiers 
Restraints & Challenges:
  • Use of emulsifiers in personal care products tends to be expensive and acts as a challenge during the formulation of products

Market Trends

The rising use of emulsifiers in the manufacturing of plastic during the polymerization of suspension is expected to fuel the market growth of emulsifiers over the forecast period. Moreover, the growth of the emulsifier is also attributed to the rising production of plastic around the globe. Thus growth in plastic production will favour the market growth. The growing demand for emulsifiers from the agriculture industry in the preparation of agrochemical products is expected to augment the market growth of emulsifiers.

Figure 2. Global Emulsifiers Market Value Share (%), By Application, 2021

Emulsifiers  | Coherent Market Insights

On the basis of application, food & beverage dominated the global emulsifiers market in 2021 with around 55% of market share in terms of revenue, followed by personal care and pharmaceuticals, respectively.

Recent Developments

  • In March 2021, Kerry Group, a public food company, launched a new range of beverage concepts for spring/summer 2021, with research into consumer trends showed that consumers preferred beverages that deliver flexitarian indulgence, fruity refreshment, or healthy teas.
  • In October 2021, Kerry Group, a public food company, developed and released a leading-edge Plant-based Dairy Alternative Toolkit. Kerry’s toolkit provides innovators with a range of benefits and a research-based ‘building your brand’ checklist, which guides to help product developers create consumer-preferred taste experiences and tips on formulating with exciting flavours that will build consumer loyalty and foster repeat purchasing.
  • In April 2021, Kerry Group, a public food company, launched an online, interactive sustainability calculator that enables beverage providers to quickly examine the significant benefits of moving toward dry beverage model and moving away from traditional liquid offerings. When analysed against liquid beverages, shelf-stable dry beverage solutions are designed, produced, packed and then served in a much more sustainable way. According to a technical life cycle assessment (LCA) study conducted by Kerry on its dry beverages, the sustainability benefits over traditional liquid beverages can be quantified and they are substantial.

Competitive Section

Major players operating in the global emulsifiers market include The Dow Chemical Company, SM Nutritional Products, Palsgaard A/S, The Lubrizol Corporation, Stepan Company, Spartan Chemical Company, Inc., Cargill, Incorporated, Kerry Group, Puratos Group, and BASF SE

Emulsifiers are widely used as additives and have extensive application ranging from bakery to meat processing. Moreover, rapid industrialization in the food & beverage sector in emerging economies is driving factor for the rise in demand of emulsifiers.

Market Dynamics

The global emulsifiers market has witnessed significant growth in recent past years, owing to the rise in its applications in cosmetics industry which is used for mixing water with oils. In addition to this, shifting consumer preferences over the texture, quality, nutritional value and taste of food products has led to provide lucrative growth to the global emulsifiers market over the forecast period.

Major players in the global emulsifiers market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends various end user industries such as food & beverages and cosmetics.  This is expected to drive the market during the forecast period.

Emulsifiers are biodegradable, bio-compatible, chemically inert, skin friendly, long shelf life, and thermal stability. The demand for emulsifiers is driven by increasing consumption of processed food. Emerging economies such as China, India, Mexico, and Brazil are expected to be the major drivers of the global emulsifiers market during the forecast period. Emulsifiers are required for manufacturing various cosmetics & personal care products such as creams & lotions, personal hygiene products, makeup components, and others. Growing demand for starch-based emulsifiers which are developed using a number of processes and techniques, such as hydrolysis, cold gelatinization, dissolution-precipitation, sedimentation, encapsulation, and applying a hydrophobic element has further proved to be a boon for the market.

Key features of the study:

  • This report provides an in-depth analysis of the global emulsifiers market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global emulsifiers market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include The Dow Chemical Company, SM Nutritional Products, Palsgaard A/S, The Lubrizol Corporation, Stepan Company, Spartan Chemical Company, Inc., Cargill, Incorporated, Kerry Group, Puratos Group, and BASF SE
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics.
  • The global emulsifiers market report caters to various stakeholders in this industry including investors, suppliers, emulsifiers manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global emulsifiers market

Detailed Segmentation:

  • Global Emulsifiers Market, By Product Type:
    • Lactic esters of fatty acids
    • Lecithins
    • Mono & di-glycerides of fatty acid
    • Esters of monoglycerides of fatty acid
    • Polysorbates
    • Polyglycerol Esters
    • Polyglycerol Polyricinoleate
    • Others
  • Global Emulsifiers Market, By Application:
    • Food & Beverage
    • Industrial Applications
    • Pharmaceuticals
    • Personal Care
    • Others
  •  Global Emulsifiers Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • By Country:
        • France
        • Germany
        • Italy
        • Spain
        • U.K.
        • Nordic
        • Benelux
        • Russia
        • Poland
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Oceania
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Country:
        • GCC
        • South Africa
        • Rest of Middle East & Africa
  • Company Profiles
    • The Dow Chemical Company*
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Developments
      • Future Plans
    • DSM Nutritional Products
    • Palsgaard A/S
    • The Lubrizol Corporation
    • Stepan Company
    • Spartan Chemical Company, Inc.
    • Cargill, Incorporated
    • Kerry Group
    • Puratos Group
    • BASF SE

“*” marked represents similar segmentation in other categories in the respective section

Frequently Asked Questions

Global emulsifiers market was valued at around US$ 5.4 Billion in 2021.
Rising demand for emulsifiers from the pharmaceutical industry where it is used in the drug formulation such as tablets and syrups is expected to propel the market.
The rising use of emulsifiers in the manufacturing of plastic during the polymerization of suspension is expected to fuel the market.
Use of emulsifiers in personal care products tends to be expensive and acts as a challenge during the formulation of products.
Major players operating in the market include The Dow Chemical Company, SM Nutritional Products, Palsgaard A/S, The Lubrizol Corporation, Stepan Company, Spartan Chemical Company, Inc., Cargill, Incorporated, Kerry Group, Puratos Group, and BASF SE
The market is estimated to grow at around 5.5% CAGR in the forecast period (2022-2030).

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