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).
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
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.
Emulsifiers Market Report Coverage
|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|
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
|Restraints & Challenges:||
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
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.
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
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