Emulsifiers Market Will Amass US$ 5,934.5M by 2024

(Newswire.net — June 27, 2017) New York City, New York — Growing prevalence of obesity have led leading food manufacturers and processors to produce healthy food products. Increasing need for low fat and healthy food and skin care products has revved up demand for emulsifiers globally. A recently compiled report by Persistence Market Research reveals that the global emulsifiers market will witness a growth of 6.0% CAGR over the forecast period, 2016-2024.

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Factors Propelling Growth of the Global Market

Growing need for healthy food products have fuelled demand for emulsifiers among manufacturers operating in the food and beverages industry. Moreover, due to surge in demand for sodium behenoyl lactylate in range of cosmetic and personal care products, the global emulsifiers market is likely to underscore new growth opportunities in the upcoming years. Emulsifier will witness a significant demand among the manufacturers of the food industry as it blocks the development of cavity in any food products. Additionally, a growing need for ingredients with multi-functional attributes in the beauty and personal care industry will contribute towards growth of the global emulsifier market positively. Fluctuating changes in consumer preferences and availability of cheaper products is likely to inhibit growth of the global emulsifier market during the predicted years.

Food and Beverages Industry to Remain Dominant

Mono and di-glycerides among other fatty acid segments is a leading segment throughout 2024. This segment will witness a relatively high CAGR growth rate during the predicted years. In addition, this segment will account for major market share in the global emulsifiers market by the end of 2024. Food and beverages industry among other end users will represent a leading segment by 2024-end. This segment will remain dominant with relatively high market share in terms of volume and value. Moreover, this segment will witness a growth of 6.3% CAGR during the predicted years. By the end of 2021, food and beverages industry will account for US$ 600 million, and will further contribute towards the expansion of global emulsifier market by 2024-end. Application of emulsifiers in pharmaceutical and other industrial applications will impact growth of the global emulsifier market positively between 2016 and 2024. Additionally, these segments will witness a promising outcome in the upcoming years.

APAC to Represent Fastest Growing Market

The food and beverages industry in APAC and Europe is likely to fuel growth of the global emulsifier market in terms of revenue. Economic growth in India and China will further contribute towards growth of the global emulsifier market in the upcoming years. The emulsifier market in APAC will reflect a 7.4% CAGR growth, and will represent the fastest growing market by the end of 2024. The pharmaceutical industry in APAC will account for over US$ 153 million during the predicted years. Moreover, attributed to increasing need for low fat and healthy food, growing pharmaceutical industry and application of coatings and paints is likely to impact the growth of the emulsifiers market in APAC.

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Market Players

Major market players operating in the global emulsifier market include Puratos Group, Cargill Incorporated, BASF SE, The Dow Chemical Company, Koninklijke DSM N.V, Kerry Group, and The Lubrizol Corporation. The leading market players are expanding at a fast pace with the help of distributor network, particularly in APAC.