Published Date : 15 Sep 2023
The global emulsifiers market size was evaluated at USD 7.87 billion in 2022 and is expected to touch around USD 15.27 billion by 2032, growing at a noteworthy CAGR of 6.9% from 2023 to 2032. The emerging need for advanced industrialization, globalization, and urbanization pushes the emulsifier market growth. Implementing emulsifiers is widening for value-addition purposes and improving the total uniformity of human life.
The UN data states that the world population is predicted to reach 9.8 billion by 2050, and rising urbanization is expected to contribute to the market's growth in the upcoming period. According to the United Nations, by 2050, it is estimated that around 68% of the world's population will live in urban areas, up from 55% of the world's population currently living in urban areas.
Asia Pacific evolved as the primary market for the global bitumen market, with a commercial share of approximately 35.2% and an 18.44 million market revenue in 2021. The rising endorsement by the market is leading to the need for bitumen emulsifiers. Increased government attempts, augmented investment in highway advancement, and a broad construction industry contribute to the region's rapid growth. Asia-Pacific region is leading the emulsifier market, which is expected to have a better outlook per several government efforts and programs to build a general framework.
The North American agricultural surfactants market is expected to retain the most prominent market portion by the end of 2033 amongst the market in all the other areas on account of increasing proposals taken by the state-owned to boost crop output to supply an adequate supply of raw materials for the food and biofuels. The foreseen introduction of new enactments by North American countries to promote healthy diets is determined to fuel market acceleration.
Asia Pacific was a significant territory in the emulsifiers market in 2022 and is expected to be the fastest-growing region in the forecast period. The emulsifiers market records cover Asia-Pacific, Eastern Europe, Western Europe, North America, South America, Africa, and the Middle East. Japan's non-GMO soy protein market is expected to gain a significant position from 2023- 2033. Regional claim for emulsifying agents, for example, sorbitan esters and stearoyl lactylates for dairy and bakery use, is deemed to rise at a constant CAGR for the upcoming years ahead. The Asia Pacific is anticipated to observe the fastest expansion due to vital socio-economic factors, including severe food & beverage industry development and a broad customer base. This scenario will likely reflect in India, China, and other regions in Southeast Asia.
Emulsifiers Market Report Scope:
|Market Revenue in 2023||USD 8.37 Billion|
|Projected Forecast Revenue by 2032||USD 15.27 Billion|
|Growth Rate from 2023 to 2032||CAGR of 6.9%|
|Largest Market||North America|
|Forecast Period||2023 to 2032|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa|
The emerging tendency towards traditional meals as a healthy food selection will likely provide impetus to market acceleration. The requirement for packaged and convenience foods is growing owing to rising living standards and improving economic conditions in developing economies. Users have approved comfort and packed foods scheduled to the increased need for rest, time constraints, and hectic lifestyles, which has grown the contest for bakery products such as pastries, cakes, pizza, and bread, scaling up the need for baking recipes.
The requirement of high capital expense to invest in the appropriate equipment and undertake functions is one of the biggest challenges for the market. Also, high machinery operating and maintenance costs will confine the extent of expansion. The market growth rate is bound to be a dent in the present international recession fashion. Also, high costs associated with R&D expertise will further derail the market increment rate.
Innovation in commodities at a lower price helps the market to grow exponentially. Good quality of emulsifiers enhances the market worldwide. For example, two associations were subscribed by BASF SE to enhance its place in the biosurfactants market. BASF improved customer need for natural materials by collaborating with Allied Carbon Solutions Co., Ltd and Hollier Ltd will assist the firm in developing fermentation-generated glycolipids.
Government norms to prevent health hazards
The U.S. Food and Drug Administration (FDA) focuses on specific policies concerning food labeling, which requires accurate data on recipes used in food. Governments are focusing on imposing more strict standards of food production, pushing manufacturers to focus more on the safety of foods.
Key Market Players:
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