Plant-sourced Food Emulsifiers Market

Plant-sourced Food Emulsifiers Market - Size, Share,
Outlook, and Opportunity Analysis, 2018-2026
Food emulsifier forms a boundary between immiscible liquids such as water and oil,
and creates stable emulsion. Ice-cream, margarine, salad dressings, bread, and
desserts are some common examples of food that contain emulsifiers. Food
emulsifiers can control crystallization, reduce stickiness and prevent separation of an
ingredients. These properties and adverse health effects of synthetic food emulsifiers
have led to an increasing demand for plant-sourced food emulsifiers in food and
beverages industry. According to the European Union, brominated vegetable oil
(BVO), one of the food additives that act as an emulsifier, is banned in Europe, as it
can cause damage to the nervous system, skin cancer, and other problems related
to memory loss.
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Increasing number of people adopting veganism is propelling growth of
plant-sourced food emulsifiers market. According to the Vegetarian Society, a British
registered charity that promotes vegetarianism in U.K., the number of vegetarians
increased from around 5% of the population to around 10% in 2015. This increasing
trend of veganism and vegetarianism is influencing most of the manufacturers to
adopt plant-sourced food emulsifiers. For instance, in May 2017, Hydrosol GmbH &
Co. KG launched a vegan emulsifier stabilizer, HydroTop, which is produced with a
blend of hydrocolloids derived from cellulose and vegetable-based fiber with high
water binding capacity.
However, stringent government regulations related to food emulsifiers is negatively
impacting growth of plant-sourced food emulsifiers market. According to the
European Commission, Directive 95/2/EC was the regulation on food additives other
than sweeteners and colors.
Market Trends
Bakery products application segment is expected to witness significant growth in the
plant-sourced food emulsifiers market size over the forecast period, owing to
increasing demand for cakes and pastries globally. According to the Agriculture and
Agri-Food Canada, the sales value of cakes in the U.K. increased at an average of
around 2% each year between 2012 and 2017, with a 1.5% increase in CAGR during
2007-2012.
Market Outlook
North America is projected to witness significant growth in the global plant-sourced
food emulsifiers market over the forecast period. This is attributed to increasing
disposable income and increasing demand for food emulsifiers in variety of dishes.
According to the World Bank Group, the GDP per capita in the U.S. was US$ 56,469
in 2015 and increased up to US$ 57,638.16 in 2016. Furthermore, large number of
key players are focusing on expanding their presence in this region, owing to high
consumer base. For instance, companies are focusing on new product launches, in
order to expand their product portfolio in the region. For instance, in December 2016,
Cargill Inc., launched three plant-based lecithin, which includes sunflower, soy, and
canola in the U.S. and Canada that can be used in a wide variety of food
applications such as bakery, convenience foods, chocolates, and confectionery.
Asia Pacific is expected to be the fastest growing region in the global plant-sourced
food emulsifiers market over the forecast period. This is owing to the rapidly
increasing number of processed food industries and shifting consumer preference
towards plant-based food. According to the India Brand Equity Foundation (IBEF), in
2016, the food processing industry in India was ranked fifth in terms of consumption,
production, and exports, and increased at a CAGR of 11.74 % during 2011-2016.
Key Trends
Key players are focusing on adopting various organic and inorganic growth
strategies such as mergers and acquisitions, joint ventures and partnerships, and
product or technological innovations to retain their position in the global
plant-sourced food emulsifiers market. For instance, in 2017, Groupe Avril acquired
Novastell to accelerate growth activities such as product development and natural
emulsifier plant expansion in France and internationally.
Market players
Some of the leading players operating in the global plant-sourced food emulsifiers
market include Lonza Group, Palsgaard A/S, Riken Vitamin Co., Ltd., Beldem S.A.,
and DowDuPont Inc. among others.
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The research report on Plant-sourced Food Emulsifiers Market is segmented by product type, application, and region - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

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