Asia Food Emulsifiers Market size to exceed $1bn by 2026
Published Date: July 9, 2020 Authors: Kunal Ahuja, Sonal Singh
Asia food emulsifiers market size is set to surpass USD 1 Billion by 2026, according to a new research report by Global Market Insights, Inc.
Changing lifestyles along with increasing consumption of ready-to-eat food products and rising number of working women is increasing consumption of convenience food which may stimulate product demand. The product owing to emulsion stabilizing properties is used for manufacturing cheese to obtain smooth texture. Growing cheese demand owing to its inclusion in ketogenic diets will have a positive impact on industry growth.
Rising processed food industry and growing organized retail sector are the major driving factors for Asia food emulsifiers market outlook. The product is also used for manufacturing margarines, dressings and shortenings owing to fat dispersing properties. Growing salad dressings demand owing to consumer inclination towards healthy diets will have a positive impact on Asia food emulsifiers industry growth.
Growing demand of natural ingredients will foster lecithin-based food emulsifiers industry growth
Asia food emulsifiers market by lecithin is expected to register over 5% CAGR through 2026. Lecithin is a natural emulsifier which is extracted from soybeans. The product owing to its binding properties is widely used for manufacturing supplements, beverages, bread, and biscuits. It helps to stabilize mayonnaise which is used in several cuisines including Chinese and continental. These factors will fortify lecithin utilization thereby fostering industry trends.
Browse key industry insights spread across 160 pages with 88 market data tables and 40 figures & charts from the report, “Asia Food Emulsifiers Market Analysis By products (Mono, Di-Glycerides & Derivatives, Lecithin, Stearoyl Lactylates, Sorbitan Esters), By Application (Bakery & Confectionery, Food & Nutrition, Beverages, Dairy & Frozen Desserts, Sauces & Dressings), Regional Outlook, Competitive Market Share & Forecast, 2015 – 2026” in detail along with the table of contents:
Rising product demand for manufacturing dairy and frozen desserts will fuel market trends
“Asian market from dairy and frozen desserts application is expected to achieve 4.5% CAGR from 2020 to 2026.”
Asia food emulsifiers market from dairy and frozen desserts application exceeded USD 45 Million in 2019. Food emulsifiers including mono-and diglycerides of fatty acids and sugar esters owing to foaming and dispersion properties are added to several dairy products including cheese, dairy drinks, and yogurt. The product helps to improve creaminess and mouth feel in yogurt. Increasing consumption of yogurt owing to its health benefits including boosting immune system will fortify product demand hence, enhancing market outlook.
“China food emulsifiers market is forecast to register over 4.5% through 2026, due to growing food and beverage industry in the country”
China food emulsifiers industry surpassed 190 million in 2019. Rising population trend towards dining out, prepackaged foods, milk products and imported food owing to escalating population levels will drive market share. China food & beverages business is expected to reach USD 38.77 billion by 2024. Increasing processed food demand should accelerate regional food & beverage industry, thus propelling market growth.
Key product manufacturers in Asia food emulsifiers market are Riken Vitamin, Global Specialty Ingredients, ADM, Lonza, Cargill, Corbion, Mitsubishi chemical, Palsgaard, BASF, and Dupont.
As per market analysis & trends, manufacturers are engaged in several strategical initiatives including new product launches, partnerships & collaborations, and R &D activities to improve market share and regional presence. For example, In August 2018, Archer Daniels Midland Company inaugurated its ingredient application, creation, development, and customer innovation center in Shanghai, China. This will help the company to for food ingredients development including emulsifiers and expand its presence in Asia Pacific.
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