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Press Release: Emulsifiers Market To Surpass US$ 7.0 Billion By 2027
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
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 flavor. 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.
The global emulsifiers market is projected to surpass US$ 7.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.0% during the forecast period (2020 to 2027).
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.
Regionally, Europe dominated the global emulsifiers market in 2019, reporting 33% market share in terms of revenue, followed by North America and Asia-pacific, respectively.
Figure 1. Global Emulsifiers Market, Revenue Share (%), By Region, 2019
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.
Market Opportunities
Rising use of emulsifiers in the paints &coatings industry as a stabilizing and thickening agent is expected to augment the market growth of emulsifiers. An emulsifier helps in stabilize and thicken coatings in the paint industry. Moreover, it is also used to promote the shear-thinning in oil drilling activities. Thus, the growing application of emulsifier in the paints &coatings industry is expected to propel the market growth over the forecast period.
Growth in the processed food industry is expected to expand the scope for emulsifier due to increasing the development of variety in food products is expected to offer immense opportunity. Rising demand for the ready-to-eat product, snacks, desserts, and infant nutrition products is projected to propel the market growth of emulsifiers over the forecast period. Moreover, the growing demand for packaged and convenience food is also expected to accelerate market growth.
Figure 2. Global Emulsifiers Market – Opportunity Analysis
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 favor 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. An emulsifier is used to enhance the effectiveness of the pesticide and insecticides and target or protect the specific species. Thus, the rising demand for emulsifiers from the agriculture industry is expected to augment the market growth.
Figure 3. Global Emulsifiers Market, Revenue Share (%), By Application, In 2019
On the basis of application, food & beverage dominated the global emulsifiers market in 2019 with around 55% of market share in terms of revenue, followed by personal care and pharmaceuticals, respectively.
Regulations
North America
U.S. Food & Drug Administration
Competitive Section
Key players are operating in the global emulsifiers market are 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
Few Recent Developments
Kerry Group
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 scenario is expected to fuel the market during the forecast period.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
* Browse 45 market data tables* and 30 figures* on "Global Emulsifiers Market” – global forecast to 2027
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