The global emulsifiers market size is projected to reach USD 13.1 billion by 2027 from USD 9.1 billion in 2022, at a CAGR of 7.6% during the forecast period. The major drivers for emulsifiers in emerging markets are increasing demand for processed food and beverages, and the growth of cosmetics and personal care. Also, rising awareness of health and wellness is driving the demand for natural and organic emulsifiers.
The rising need for emulsifiers in developing nations like India, China, Brazil, and others is due to the increased demand for processed food and beverages and the growth of the cosmetics and personal care industry. Also, the rising awareness of health and wellness is driving demand for natural and organic emulsifiers.
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Emulsifiers is made from different sources such as bio-based and synthetic emulsifiers. The key manufacturers of emulsifiers include BASF SE (Germany), Archer Daniels Midland (ADM) (US), Cargill, Incorporated (US), Evonik Industries AG (Germany), Kerry Group plc (Republic of Ireland), Solvay (Belgium), Royal DSM (Netherlands), International Flavors & Fragrances Inc. IFF (US), Corbion (Netherlands), DOW (US), Nouryon (Netherlands), and CLARIANT (Switzerland). The emulsifiers market report analyzes the key growth strategies, such as new product launches, investments & expansions, joint ventures, agreements, partnerships, and mergers & acquisitions adopted by the leading market players between 2016 and 2022.
BASF SE (Germany) has gained a strong foothold in the emulsifiers market. It is one of the global leaders in the manufacturing and distribution of the chemical. It serves various industries such as cosmetics, detergent & cleaner, agrochemical, technical, food & feed, flavor & fragrance, pharmaceutical, and bioethanol. The company’s product portfolio includes surfactants, emulsifiers, emollients, chelating agents, and cosmetic active ingredients. The company’s move including partnership, agreement, and collaboration with other players across regions is helping the company to strengthen its presence and increase its market. In September 2022, the company has partnered with RiKarbon Inc, to scale up its production of emollients derived from bio-waste and focus on the development of new technologies for emulsifiers.
Archer Daniels Midland (ADM) (US) is one of the world leaders in the production of natural products, including nutrients for animal and human nutrition. The company provides consistent, cost-effective, naturally derived emulsifiers and thickeners for a broad range of applications including paints & coatings, oil well drilling, plastics, and personal care items. The company is expanding its partnerships & collaborations and has opened a new animal nutrition technology center that focuses on developing ingredient and nutritional solutions for the broad animal nutrition market.
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Based on the source, synthetic is estimated to have the largest market share in 2022.
Synthetic emulsifiers are manufactured through chemical processes and are considered more consistent and cost-effective compared to natural emulsifiers, which are derived from plant or animal sources. Synthetic emulsifiers help to provide uniform consistency to the food product. In the food sector, synthetic emulsifiers are frequently used because of their low cost, consistency, and flexibility in a variety of applications. They are used in a wide range of food items, such as processed meals, ice cream, and baked goods.
Based on application, food segment is estimated to have the largest market share in 2022.
Food accounted for the largest share amongst other applications. Food emulsifiers are used in making creams and sauces as well as bakery & dairy products. They are made from natural raw materials like palm oil and vegetable oil or are manufactured using chemicals. Basic emulsifier manufacturing includes combining oil (triglyceride) with glycerol which results in mono-glyceride. Monoglycerides are mixed with other materials, such as citric acid and lactic acid, to enhance the emulsifying properties.
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Based on region, Europe is estimated to have the second largest market share for emulsifiers in 2022
Europe accounted for the second largest share amongst other regions in the emulsifiers market in 2022, in terms of value. Food emulsifiers have the largest market share in the European emulsifiers market; the application is driven by the demand for new food ingredients in the food processing market. The use of emulsifiers has been dominant in Europe due to the development of food processing industries.. Most of the big players in the emulsifiers market like Solvay (Belgium), BASF SE (Germany), Kerry Group (Ireland), Nouryon. (Netherlands), Evonik Industries AG (Germany), Clariant (Switzerland), and Royal DSM (Netherlands) are based in Europe and supply products across the globe.
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