Asia Pacific Food Emulsifiers Market size is currently valued at 652 Million USD in 2022. The market is expected to grow at a CAGR of 6.18% over the forecast period to reach a valuation of 872 Million USD in 2028.
Emulsifiers are widely used in chocolate and confectionery products offering various advantages during processing and storage. Among the multiple emulsifiers, the egg is one of the oldest and most commonly used. PGPR and lecithin are the primary emulsifiers used in chocolate. Moreover, new emulsifiers are also being developed to allow oil and water to be mixed in a stable state for an extended period. The food industry is moving towards the use of lecithin in emulsions because the hydrophobic component dissolves in oil and water. As a result, the resulting emulsion will live for a longer time. In addition, lecithin also breaks down blood and dietary fats in small particles, helping to reduce weight.
Major factors which have helped drive the Asia Pacific Food Emulsifiers Market forward are-
The expansion of the processed food market and the penetration of the organized retail sector are key factors driving the emulsifier market in Asian countries.
The need to ensure the safety and quality of food, transport from farm to fork and storage are of major concern. Food emulsifiers are used to satisfy this requirement. Furthermore, an increase in the population and an increase in disposable income for middle-class households generate a resulting demand for food and, in effect, for emulsifiers.
Throughout Asian countries, such as India and China, with higher disposable incomes and busy lifestyles, demand for frozen, refined and ready-to-eat food is growing. Food emulsifier manufacturers see an increased need from food producers to preserve the freshness, safety, taste, appearance and texture of processed foods.
The advent of innovative processing methods for product expansion also invariably increased the market for food emulsifiers.
The factors holding the Asia Pacific Food Emulsifiers Market back include-
The requirement for clean labels has proved to be a significant cost factor for food emulsifier manufacturers in terms of raw material sourcing and production processes, thus becoming a major constraint in the industry.
Complex Regulatory bodies and rising consumer demand for natural emulsifiers hinder the growth of the Asia-Pacific industry.
The research done takes place in two phases namely-
Secondary Research The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.
Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
The Asia-Pacific region is divided geographically into China, India, Japan, South Korea and Australia. This region showcases significant growth opportunities for the food emulsifiers, with China and India being the most populous countries that contribute to increasing demand. The Asia-Pacific region is suspected to offer lucrative opportunities due to a significant increase in population and increased consumer awareness of the value of food products and increased disposable incomes in developing economies, especially China and India. China is the leading player in the region and accounts for about half of the production of food emulsifiers in the Asia-Pacific region.
Key Players in the Market:
Major Key Players in the APAC Food Emulsifiers Market are
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