Emulsifiers Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Emulsifiers Market is segmented By Type (StaerylLactylates, Lecithin, Mono and Di-Glycerides and their derivatives, Sorbitan Esters, Polyglycerol Esters, Others), By Function (Confectionery, Bakery Products, Dairy Products, Others), By Source (Bio-based, Synthetic), By End-User (Pharmaceutical, Automotive, Electronics & Electrical, Medical Consumer Goods), By Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023 - 2030

Emulsifiers Market Overview

Global Emulsifiers Market reached US$ 3.4 billion in 2022 and is expected to reach US$ 5.0 billion by 2030 growing with a CAGR of 4.9% during the forecast period 2023-2030.

The global emulsifiers market is driven due to increases in demand for various sectors such as the pharmaceutical and food sectors. Emulsifier growth in the food industry as it enhances the stability, texture, and shelf life of food. Due to this, the demand increases for processed food with leads to an increase in the growth of emulsifiers. Emulsifier maintains consistency, and prevent ingredients from separating this improves the quality of food, this factor drives the growth of emulsifier in the food industry. 

Furthermore, cosmetics are another major application for the market which has made it contribute nearly 23.4% globally. The growth of the cosmetic is majorly witnessed in South Korea. Microbiome cosmetics that enhance the immunity of the skin which bought the attention of many large beauty and skin brands. In addition to that the beauty IT tech market collaborates with cosmetic companies. For instance, in a report by the international trade administration, the AI/AR beauty tech solution implements AI beauty solutions for AR makeup and AI skin analysis.

Emulsifiers Market Scope

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Emulsifiers Market Dynamics

Impact of Emulsifiers on the Processed Food and Beverage Industry

The demand for emulsifiers in processed food increases which is also a growth factor in the emulsifier market. Emulsifiers play a major role in the improvement of preservative food products. It maintains a consistent texture in processed food. Emulsifiers are used for the creation of stable substances for phase separation.

Emulsifiers provide overall stability to food products and prevent them from syneresis and suspension. The major benefit of emulsifiers in the food and beverage industries is that they increase the shelf life of packed food products. As the lifestyle of consumers become busier as time goes on so they purchase packed food compared to traditional food leading to improve demand for the emulsifier.

Applications of Emulsifiers in Pharmaceutical and Agricultural Industries

Emulsifiers have extensive applications in industries such as the pharmaceutical industry in which it plays a major role in the production of medicines. It is used in the formulations of medicines. Emulsifiers solubilization of hydrophobic drugs enhances the bioavailability of drugs which stabilizes the emulsion and ensures uniform distribution.

Emulsifiers are also used in the agricultural sector. In which the agrochemical formulation improves the effectiveness of pesticides, herbicides, and agricultural chemicals. The agrochemical formulations target the surfaces such as leaves or soils. Emulsifier formulation mixed with water provides a convenient resource to farmers.

Regulatory Compliance And Technical Challenges 

The emulsifier market needs to follow several various rules and regulations. That requires testing and documentation of the emulsifier before using it. Due to this, it increases the cost and time of the emulsifier. Some emulsifiers are associated with health risks such as sensitive skin types or allergies.

The availability of raw materials depends upon the markets. This impact the production cost for the development of emulsifiers. Expertise should be well-trained because complex chemicals are used in the formulation of emulsifiers. This technical challenge phase by this market leads to the downfall of the growth and development of emulsifiers.

Emulsifiers Market Segmentation Analysis

The global emulsifier is segmented based on type, function, source, end-user and region.

The Rise of Bio-based Emulsifiers in Cosmetics

Bio-based emulsifier comes from natural sources such as plants, animals, and microorganisms. Bio-emulsifier is often present in plants oil such as soybean, and sunflower. It has similar convectional properties when compared with functional properties. Microbial fermentation, produces bio-based emulsifiers which are used to ferment some specific substrates named as sugars or agricultural products.

Bio-based emulsifier is being preferred by the cosmetology industry which is expected to increase the segment’s demand in the forecast period leading it to cover 25.5% globally. The manufacturer’s goal is to create natural and organic formulations. Chemical-free emulsifiers are derived from renewable resources. It is used in various cosmetic products such as lotion, creams, and hair serums. The bio-based emulsifier and their natural raw materials reduce skin irritations or allergic reactions thus making it a popular choice among all age populations.

Source: DataM Intelligence Analysis (2023)

Emulsifiers Market Geographical Share

Rapid Growth of the Emulsifier Market in Asia-Pacific Driven due Increasing Population and Demand for Natural Products 

Asia-Pacific has the largest growth in the emulsifier market covering 1/3th globally. As the population increases the demand rapidly grows in this region. The growing middle-class segment in this region has a demand for natural and clean-label products. The adoption of bio-based emulsifiers increased in this region.

Several modern food techniques are there which cause an increment in this region. As consumers move toward urbanization and ready-to-eat foods which leads to growth in the emulsifier market. The Asia-Pacific also witnesses growth in a wide range of cosmetic products. In South Korea, a major initiative was taken by the government for the cosmetic industry. Government adopts less plastic campaigns for reducing plastics that come from packaging cosmetic products.

Source: DataM Intelligence Analysis (2023)

Emulsifiers Market Companies

The major global players in the market include ADM, Akzo Nobel N.V., BASF SE, Cargill, Incorporated, Clariant, Corbion, DSM, DuPont, Evonik, Kerry Inc, and Estelle Chemicals Pvt. Ltd.

COVID-19 Impact On Emulsifiers Market

The pandemic led to disruption in supply chains due to lockdowns, transport restrictions, and safety measures. The pandemic disrupts the transportation of raw materials leading to shortages and delays in availability. The pandemic also leads to changes in consumer behavior and preferences, thus leading to fluctuations in demand for various foods and products.

Emulsifiers are mostly used in the food industry so there is a shift in demands of processes and packages. Due to lockdown measures restaurants are closed and people are considering home cooking. This increases the demand for emulsifiers to create restaurant-style food at home. The closure of restaurants reduces the demand for emulsifiers in the industrial sector.

Russia-Ukraine War Analysis

Russia-Ukraine plays a major role in the agriculture sector as both countries produce a significant amount of raw materials. Sunflower oil is the main raw material that both countries produce. Sunflower oil is the key material for emulsifiers. The Russia-Ukraine war disrupts the supply chain of sunflower oil and many other raw materials.

The Russia-Ukraine impact disrupts the production and transportation of raw materials. An increase in geopolitical tension affects the currency exchange rates and trade agreements. This affects the cost of emulsifiers and manufacturers. The war creates political and economic instability in the region. 

Scope

By Type

• Staeryllactylates
• Lecithin
• Mono And Di-Glycerides And Their Derivates
• Sorbitan Esters
• Polyglycerol Esters
• Others

By Function

• Confectionery
• Bakery Products
• Dairy Product
• Others

By Source

• Bio-based
• Synthetic

By End-User

• Pharmaceutical
• Automotive
• Electronics And Electrical
• Medical Consumer Goods

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On 22 Nov 2022, Solvay launches a new emulsifier for boosting coating and increase the performance of the adhesives- named Reactsurf 2490 which is a new APE-free polymerizable surfactant. The primary usage of emulsifiers is in adhesives and sealants, in textile and nonwoven binders.
• On 21 Sep 2023, BASF announces a partnership with Rikarbon in which Rikarbon patents technology that is used for upcycling bio waste into biodegradable emollients, and this solution will launch up to 2024.
• On 12 April 2023, Vantage personal care launched a product named Jessperse NoLo which is self-emulsifying base for hair care. Due to its self-emulsifying properties, there is no mix of energy in the emulsion process.

Why Purchase the Report?

• To visualize the global emulsifier market segmentation based segmented based on type, function, source, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of emulsifiers market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key application of all the major players.

The global emulsifiers market report would provide approximately 69 tables, 71 figures, and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies