The rise in the consumption of processed foods globally and the increasing prices of raw materials used for emulsifiers are the factors driving the food emulsifiers market. The food emulsifiers market is projected to reach USD 4.0 billion by 2025, from USD 3.2 billion in 2020, at a CAGR of 4.7%.
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Asia Pacific is projected to be the fastest-growing region in the food emulsifiers market from 2020 to 2025. The market here is majorly driven by the changing food consumption patterns in the region, owing to the rising income, especially in South Asian countries. Further growth can be attributed to the increasing urbanization in the region, which has resulted in an increasing demand for food security and quality food. Top companies are also investing largely in this region, in terms of expansion. Archer Daniel Midlands (US) opened a technical innovation center in Shanghai, China, to support the development of innovative, on-trend, and nutritious products to meet the growing food & beverage demand in Asia Pacific.
On the basis of type, the lecithin segment in the food emulsifiers market is projected to grow at the highest rate from 2020 to 2025. This growth is attributed to the gradual shift towards decreasing the chemical content in processed foods by manufacturers due to the rising consumer awareness. Even though other types of emulsifiers are mostly naturally sourced, they tend to undergo further chemical treatment processing unlike lecithin, which does not require much processing. This is why it is perceived to be more natural than its other counterparts. These factors are responsible for the growing use of lecithin in various food applications, which include confectionery and convenience foods among others.
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On the basis of source, the plant segment is projected to witness faster growth during the forecast period. The high growth is attributed to the fact that plant-based emulsifiers are less harmful and more stable than animal-based emulsifiers. Also, the preference for plant-based emulsifiers is observed to be more than animal-based emulsifiers among food industry manufacturers.