Press Release Description
Emulsifiers & Texturizers Market to Shoot up with Rising Adoption of Convenient Food Globally
The Global Food Emulsifiers & Texturizers market is projected to grow at a CAGR of around 4.38% during the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. The major reason for the growth of emulsifiers & texturizers is the rising adoption of convenient food such as ready-to-cook meals, baby foods, bread, etc. In such foods, emulsifiers & texturizers are extensively used to improve the texture & taste & also help in expanding the shelf life of the products. However, the market is also witnessing some growth restrain due to health concerns & allergies in some individuals due to chemically produced emulsifiers.
Despite shortcomings, the demand for food emulsifiers is constantly growing to improve the texture & taste of processed food, especially sauces, condiments, biscuits, etc. Therefore, the increasing adoption of convenient food in urban areas due to busy lifestyles has positively impacted the growth of food emulsifiers & texturizers globally. Further, the growing preference to consume vegan, gluten-free, and plant-based products is also having a favorable impact on the rising demand for natural emulsifiers. Moreover, with the raised awareness & health consciousness, there is a growing shift toward the consumption of functional food, clean & vegan food, etc.
In edibles, such as ice creams, bread, and sauces, naturally added emulsifiers like protein or omega fatty acid rich are used, improving the overall nutritional value of the product. In addition to it, these emulsifiers are a great agent to enhance the taste of such food & beverages. Therefore, an increase in the adoption of vegan and functional edible products would result in the further growth of the Global Food Emulsifiers & Texturizers market during 2023-2028.
Cellulose Derivatives Product Type to Lead the Market
Based on product type, the market is divided into Cellulose Derivatives, Gums, Pectins & Gelatins, Starch, Inulin, and Others (Dextrins, Algae Extract, etc.). Due to the extensive use of sugar in almost every processed food, cellulose-derived emulsifiers have held the dominant share in the Global Food Emulsifiers & Texturizer market. Cellulose-derived emulsifiers are largely available & can be extracted easily, owing to which they tend to be more cost-effective. As a result, its adoption is higher in the food processing sector.
Further, cellulose derivatives emulsifiers have a very wide application in the beverage industry as it gives a sweet taste to the drinks, and as the consumption of beverages such as soft drinks, functional drinks, etc., among the young population is rising. It is generating higher demand for cellulose-derived emulsifiers, which, in turn, is positively impacting the growth of the Global Food Emulsifiers & Texturizers market in the following years.
North America to Hold a Dominant Share in the Market
Geographically, North America holds the dominant position in the Global Food Emulsifiers & Texturizers market due to the high protection capacity of the food & beverage sector in the country. The region is home to the global food & beverage manufacturing countries such as Coca-Cola, PepsiCo, etc., due to which, there is a higher demand for emulsifiers & texturizers from the food manufacturers. Along with it, the consumption of beverages in the country is high, owing to which, the demand for emulsifiers is also high. Therefore, generates immense demand for food emulsifiers from the North American region in the coming years.
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including BASF SE, Cargill Inc., Bunge Loders, Ingredion, CP Lelco, Archer Daniels Midland Co., Tate & Lyle, Kerry Group, Fiber Start, Givaudan SA, Palsgard, Puratos, Corbin, Garuda International, Ashland, Arthur Branwell, Others, are looking forward to strengthening their market position.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the region?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping across various regions?
- How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2018-28?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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