The Asia food emulsifiers market is set to be one on the most lucrative verticals in the coming years due to the rapidly rising product demand from the dairy and bakery industry. Growing health awareness and the increasing consumption of healthy and nutritious food and beverages is further expected to outline the market share. Food emulsifiers are commonly added to smoothies and cereals due to their stabilizing properties.
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Asia food emulsifiers market is likely to surpass a valuation of $1 billion by the end of 2026, according to a report by Global Market Insights Inc.
With respect to product segment, stearoyl lactylates segment in Asia food emulsifiers market is projected to grow more than 5% by the end of the analysis period. Stearoyl lactylate is chemically produced from sodium hydroxide, lactic acid, and stearic acid. It is a synthetic food emulsifier and is widely used due to its fat reducing and dough strengthening properties. Stearoyl lactylates mostly observe widescale use in producing cookies and bread. Moreover, the growing demand for brown and multi-grain breads, due to the increasing health awareness, is likely to instigate the segment share over the coming years.
In addition, increasing inclination towards leading healthy lifestyles, owing to the rising health concerns, is expected to fuel the consumption of diet and health drinks, which is projected to create new, lucrative growth opportunities for Asia food emulsifiers market.
In terms of application, sauces and dressings segment in Asia food emulsifiers market are slated to foresee immense revenue growth over the coming years, reaching a valuation of $15 million by the end of the forecast timeframe. Emulsifiers like mono as well as diglycerides of lecithin and fatty acids are commonly added to sauces, dressings, and mayonnaise due to their emulsification properties and their ability to extend the shelf life of the products.
Today, several key industry players are increasingly investing in R&D to launch new and more effective products to set themselves ahead of the competition. Taking June 2019 for instance, Kerry Group launched its new €20 million facility in Tumkur, India. This new facility would serve customers across Southwest Asia, thereby helping the company to strengthen its regional foothold.
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Indonesia food emulsifiers industry is projected to grow more than 6.5% through 2026. Strong presence of international companies like Kraft, Nestle, and Unilever is expected to augment the growth of the regional food & beverages industry, fostering product demand. Increasing demand for cooking sauce due to the rising need for convenient product should further fuel the Indonesia food emulsifiers market size.
The competitive landscape of the Asia food emulsifiers market is inclusive of players such as Dupont, BASF, Palsgaard, Mitsubishi Chemical, Corbion, Cargill, Lonza, ADM, Global Specialty Ingredients, and Riken Vitamin among others.
Key Asia food emulsifiers market players are increasingly launching new products to bring in more revenues. Citing an instance, in March 2020, Ingredion introduced Evanesse, a broth emulsifier prepared from cooked chickpeas. This new product can also be used in sauces and dressings, which expands its application scope, and is slated to bring in more consumer attention towards the brand.
Emulsifiers help stabilize these products by effectively preventing oil separation in dressings and mayonnaise. Moreover, rising use of mayonnaise in various cuisines like continental, Italian, and Chinese should further bolster the segment outlook through 2026.
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