Plant-based Emulsifiers Market

Plant-based Emulsifiers Market Outlook (2023 to 2033)

Fact.MR, in its newly published industry research report, says that the global plant-based emulsifiers market was valued at US$ 1.21 billion in 2022, with worldwide demand for plant-based emulsifiers accelerating at a CAGR of 7.6% from 2018 to 2022. The global market is forecasted to expand at 7.2% CAGR and reach US$ 2.60 billion by 2033-end.

A significant increase has been witnessed in the consumption of packaged and convenient food products in recent years. Manufacturers of various food products are using low-calorie and low-fat emulsifiers in their food products. In addition, certain dietary changes are also observed among many people as they prefer to consume low-fat products. Therefore, manufacturers of plant-based emulsifiers are motivated to invest in natural emulsifiers to expand their product portfolio.

• Demand for soy lecithin-based emulsifiers is projected to rise at a CAGR of 8.5% and reach a market value of US$ 1.17 billion by 2033.
• Sales of plant-based emulsifiers in the United Kingdom are predicted to advance at 9.8% CAGR and reach US$ 195.37 million by the end of 2033.

Several end-use manufacturers are facing issues with the use of powdered emulsifiers because of the issues related to their flow and the presence of lumps. Bakery manufacturers are also inclined to use specialty emulsifiers to offer additional functional benefits, including resilience and moistness in their products.

FDA (Food and Drug Administration) banned the use of phosphates (PHOs) for certain food products that are estimated to boost the demand for plant-based and natural emulsifiers. Various end users are addressing changes in the demand for health-conscious consumers with the use of sustainable natural materials. The adoption of plant-based emulsifiers is one such initiative in the food and beverages industry.

Fortified foods need different types of plant-based emulsifiers to bind some essential micronutrients, including minerals and vitamins with stable food that include wheat flour, margarine, oil, etc. Therefore, the plant-based emulsifier landscape is projected to expand over the coming decade.

Fact.MR, a provider of market research and competitive intelligence, in its newly published research report mentions certain dynamics of plant-based emulsifiers. Readers can get detailed information about numerous market aspects, including growth opportunities, a regional overview, new developments, key limitations, key product ranges, etc.

Report Attributes	Details
Plant-based Emulsifiers Market Size (2022)	US$ 1.21 Billion
Estimated Market Value (2023E)	US$ 1.30 Billion
Forecasted Market Value (2033F)	US$ 2.60 Billion
Global Market Growth Rate (2023 to 2033)	7.2% CAGR
Confectionary Products Segment Growth Rate (2023 to 2033)	8.3% CAGR
China Market Value (2033)	US$ 544.43 Million
United Kingdom Market Growth Rate (2023 to 2033)	9.6% CAGR
India Market Growth Rate (2023 to 2033)	10.8% CAGR
Key Companies Profiled	ADM Dow Chemical Company Palsgaard Ingredion Kerry ADM Cargill Evonic Industries DuPont (Nutrition & Biosciences) Musim Mas

Which Aspects are Contributing to Significant Demand Growth for Plant-based Emulsifiers?

“Rising Demand for Natural Emulsifiers in Food & Beverages Industry”

There is a noteworthy increase in the consumption of packaged and convenient food products around the world. Food manufacturers are using low-calorie and low-fat plant-based emulsifiers in their products.

Significant changes in the dietary habits of many consumers are observed across various countries. Several consumers are giving preference to low-fat products and natural food products due to the growing health-consciousness. Moreover, plant-based emulsifiers help to reduce waste created by food products.

Health institutions and NGOs are introducing new guidelines about the use of natural or organic products that are positively impacting market expansion opportunities. These regulations are stimulating manufacturers to invest in the expansion of their portfolio of plant-based emulsifiers.

“Increasing Awareness about Health Benefits of Plant-based Food Products”

More people around the world are becoming aware of the benefits of increased consumption of plant-based food products. They are helping to improve heart health, chronic inflammation, gut health, etc. Plant-based emulsifiers also help with nutritional needs, fitness goals, allergies, and more.

Increased consumption of dairy products sometimes leads to various health problems, including cancer, hormonal imbalance, acne, prostate cancer, and some other side effects. Therefore, an increase in sales of plant-based emulsifiers is experienced among health-conscious people.

What’s Limiting the Consumption of Plant-based Emulsifiers to Some Extent?

“Requirement of High Investments in Production of Plant-based Emulsifiers”

Sometimes, it becomes very crucial to find a financially sound supplier for plant-based emulsifiers. Some naturally occurring and sustainable resources are used to get natural emulsifiers. Therefore, manufacturers need to invest huge capital in the production procedure, and after that looking for a financially stable supplier is a tedious task.

“Improper Selection of Isolation Techniques for Extraction & Purification of Emulsifiers”

It is a very important task to find some suitable isolation techniques that are utilized in the extraction and purification of plant-based emulsifiers. These techniques are used to make emulsifiers ready to use in food products. The characteristics of emulsifiers along with the nature of the substance from which it is separated are estimated to influence the selection of techniques.

What are the Strategies Adopted by Start-ups to Gain Profits in This Market?

“Start-ups Investing in Innovations and Production of Specialty Emulsifiers”

Numerous end-use manufacturers are encountering various issues related to the use of powdered emulsifiers. The issues related to flow along with the presence of lumps are stimulating requirements for more user-friendly products. Therefore, start-ups are working to address such issues with the expansion of their product portfolio.

New entrants are investing to produce specialty emulsifiers that provide some additional functional benefits, including resilience and moistness to end products. Start-ups are putting efforts into the production of plant-based emulsifiers obtained from soy, sunflower, and palm oil.

Country-wise Insights

Which Trends are Compelling Manufacturers of Plant-based Emulsifiers to Invest in the United States?

“Rising Demand for Processed Food Products Containing Healthy & Natural Ingredients”

The market in the United States is projected to grow at a CAGR of 9.6% and reach a valuation of US$ 864.84 million by 2033.

There is a growing demand for ready-to-drink beverages and ready-to-eat products in the United States that fuel sales of plant-based emulsifiers. Moreover, Americans are inclined to consume allergy-free bakery products that are also estimated to boost the demand for plant-based emulsifiers. The preference for clean-label food products is also anticipated to drive lucrative opportunities for key players in the market.

Why are the United Kingdom and Germany Key Markets for Plant-based Emulsifiers Suppliers?

“Increasing Consumption of Convenience and Packaged Food Products”

Sales of plant-based emulsifiers in Germany are forecasted to advance at a CAGR of 7.1% and reach US$ 239.65 million by 2033. Further, the demand for plant-based emulsifiers in the United Kingdom is projected to expand at a 9.8% CAGR and reach a valuation of US$ 195.37 million by the end of 2033.

Rising consumption of convenience and packaged food products in the United Kingdom and Germany is estimated to propel the demand for plant-based emulsifiers. The growing traction for bakery products leading to the increased sales of plant-based emulsifiers is projected to multiply the revenue share of suppliers.

Why is Demand for Plant-based Emulsifiers Increasing Rapidly in India?

“Growing Sales of Personal Care Products Containing Natural Ingredients”

Demand for plant-based emulsifiers in the Indian market is predicted to increase at a CAGR of 10.8% and reach a value of US$ 213.61 million by 2033. The increasing demand for different types of personal care products with natural or organic ingredients is predicted to present incremental opportunities for suppliers of bio-based emulsifiers in India.

Category-wise Insights

Which Type of Plant-based Emulsifier is Widely Consumed Globally?

“Surging Demand for Soy Lecithin Emulsifiers”

Demand for soy lecithin-based emulsifiers is projected to accelerate at a CAGR of 8.5% and reach a valuation of US$ 1.17 billion by the end of the forecast period. They are generally extracted from crude oil. The lecithin-based food products consist of various mixtures of phospholipids. They are less sensitive to higher temperatures.

Which Features of Plant-based Emulsifiers are Driving Their Use in Confectionary Items?

“Rising Use of Plant-based Emulsifiers in Confectionary Products for Enhancing Texture of Food Items”

Sales of plant-based emulsifiers for confectionery products are forecasted to expand at a CAGR of 8.3% and reach US$ 1.02 billion by the end of the projected period.

Bakery and confectionery products are widely consumed by many people around the world. Numerous food emulsifiers are used as key ingredients in the production of bakery items to improve their properties and textures. They are helpful to combine oil and water and thus provide softness to the dough, increase the volume of the loaf, and provide freshness.

Use of common emulsifiers, including egg yolk lecithin, etc., can be allergic to some people. It can also cause health-related issues, including skin allergies, digestive issues, etc. Therefore, manufacturers of bakery and confectionery products are opting for plant-based emulsifiers to overcome different food allergies. They help to strengthen the dough and soften crumbs that are generally obtained from plant protein.

Key Market Players

Maintaining product standards, quality control, strengthening supply chain management systems, and numerous other initiatives are incorporated by prominent companies to expand their product reach to global consumers to increase their revenue share in the global market over the coming decade.

ADM, Dow Chemical Company, Palsgaard, Ingredion, Kerry, ADM, Cargill, Evonic Industries, DuPont (Nutrition & Biosciences), and Musim Mas are some of the prominent players operating in the plant-based emulsifiers market. These players are entering into mergers & acquisitions, agreements, collaborations, new developments, etc., to get a competitive edge in the global market over the coming 10 years.

Segmentation of Plant-based Emulsifiers Industry Research

• By Type :

  • Guar Gum
  • Xanthan Gum
  • Soy Lecithin
  • Gellan Gum
  • Agar-agar
  • Mustard Powder

• By Application :

  • Confectionary Products
  • Bakery Products
  • Food Decoration
  • Fortified Food Products
  • Beverages
  • Frozen Foods

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa