PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532438
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532438
The emulsifiers market is estimated to be valued at USD 10.50 Bn in 2024 and is expected to reach USD 17.30 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 10.50 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 7.40% | 2031 Value Projection: | US$ 17.30 Bn |
The emulsifiers market is estimated to be valued at USD 10.50 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. Emulsifiers are surface-active substances used to stabilize emulsions of two immiscible liquids, such as oil and water. They help improve texture, consistency, and shelf life of various foods and personal care products. Rising demand for packaged and convenience food has fueled the demand for emulsifiers in recent years. They are also extensively used in dairy and confectionery products to improve creaminess and texture. Stringent regulations have prompted manufacturers to use natural emulsifiers derived from plant sources over chemical-based ones. The emulsifiers market is anticipated to grow substantially in the coming years due to growing health-consciousness among consumers and expansion of the food processing industry worldwide.
The global emulsifiers market is projected to witness significant growth during the forecast period owing to several factors such as rising demand for processed food products, expansion of healthcare and cosmetics industries, and growing consumer preference for natural ingredients. However, volatility in raw material prices and stringent regulations pertaining to synthetic emulsifiers are expected to restrain the market growth. On the positive side, growing awareness about the benefits of natural emulsifiers and rising R&D activities to develop innovative products using plant-based ingredients present lucrative opportunities for market players. Manufacturers are focusing on emerging economies to tap the growing demand from developing countries.
Detailed Segmentation-