Emulsifier Market worth 8.44 Bn USD by 2021

Friday 7 October 2016, Amsterdam

The report, now available on ASDReports, "Emulsifier Market by Source (Bio-based and Synthetic), Application (Food Emulsifiers, Cosmetics & Personal Care, Oilfield Chemical, Pharmaceutical, and Agrochemical), and Region - Global Forecast to 2021", The market size of emulsifies is projected to reach USD 8.44 Billion by 2021, at projected CAGR of 6.8% during the forecast period. The high demand for food emulsifiers is boosting the growth of the overall emulsifiers market.

Food Emulsifiers: The largest application segment of the emulsifiers market
Food emulsifiers are used in making creams and sauces, bakery, and dairy products. They are derived from natural products or chemicals. The raw materials used for manufacturing emulsifiers include palm oil, rapeseed oil, soy bean oil, and sunflower oil. Food emulsifiers make the food very attractive. They enhance consistency, texture, quality, and taste of food products. They help maintain freshness and quality of food. Natural food emulsifiers prevent the development of moulds in food.

Europe: The largest market for emulsifiers
Europe is the largest market in the global emulsifier market. The market for emulsifiers in Europe is growing as the demand in end-use applications such as food, cosmetics & personal care, oilfield chemicals, and pharmaceutical products is increasing. Food emulsifiers have the largest market share in the overall European emulsifiers market. The development of food processing industry is the major reason for the dominance of Europe in the global market.

In Europe, the market for emulsifiers in the oilfield chemicals segment is promising, especially, in countries such as Russia, Germany, and others. Most of the big players of the emulsifier market such as Solvay SA (Belgium), BASF SE (Germany), Kerry Group (Ireland), AkzoNobel N.V. (Netherlands), Evonik Industries AG (Germany), Clariant (Switzerland), and DSM (Netherlands) are Europe-based and supply their products across the globe.

Some of the major players in the market are BASF SE (Germany), Dow Corning (U.S.), Kerry Group (Ireland), AkzoNobel NV (France), Evonik (Germany), Cargill (U.S.), and ADM (U.S.). These major players are focusing on organic growth strategies to gain more market share in emerging economies such as India and Brazil. Also, several companies have strengthened their distribution network in these countries.