Emergen Research has published its latest report titled “Emulsifiers Market, Product Type (Bio-based, Synthetic), By End-use Industry (Food & Beverage Industry, Oil & Gas Industry, Cosmetics & Personal Care Industry, Pharmaceutical Industry, Paints & Coatings Industry, Agrochemical Industry, Others), By Distribution Channel (Direct Channels, Indirect Channels), and By Region, Forecast to 2028”
According to Emergen Research, the global emulsifiers market size was USD 7.99 billion in 2020 and is expected to reach USD 13.08 billion in 2028 and register a revenue CAGR of 6.3% during the forecast period, 2021-2028.
Growth of the global emulsifiers market revenue is primarily attributed to factors such as rapidly thriving food & beverage, pharmaceutical, cosmetics & personal care, agrochemical, and paints & coatings industries worldwide. Growing global population, significantly rising demand for food, fast-paced industrialization and urbanization, and rise in oil & gas exploration and production works are among the most important factors expected to drive market revenue growth over the forecast period.
Emulsifiers are substances derived from natural and synthetic sources and are extensively used as additives or enhancers in processed and packaged foods & beverages, cosmetics, pharmaceutical products, and other industrial products. Emulsifiers prevent separation of oil and water, create a smooth texture, and help increase the shelf life of products. Increasing consumption of processed and convenience foods, such as frozen foods, canned foods, and ready-to-eat snacks; growing use of emulsifiers in pharmaceutical products, cosmetics & personal care products, industrial lubricants, agrochemicals, and paints & coatings; and rising demand for bio-based emulsifiers due to advantages such as higher environmental sustainability are other major factors expected to drive the global market revenue growth over the upcoming years.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Bio-based Product Type Segment to Account for Fastest Revenue CAGR:
Bio-based segment is projected to register the fastest revenue growth rate over the forecast period. Bio-based emulsifiers are biocompatible, biodegradable and skin-friendly, and are characterized by robust thermal stability and extended shelf life. Key factors supporting revenue growth of this segment are rising health concerns among consumers, growing demand for naturally sourced food ingredients and additives, and increasing use of bio-based emulsifiers in agrochemicals such as fertilizers and pesticides to prevent crops from the toxic effects of chemicals.
Cosmetics & Personal Care End-use Industry Segment Accounted for Largest Revenue Share in 2020:
Among end-use industries, the cosmetics & personal care industry accounted for the largest revenue share in the global emulsifiers market in 2020. Emulsifiers are extensively used in cosmetics and personal care products, as these substances produce a homogenous blend of oil and water and improve the consistency of formulations. Rising sales of cosmetics and personal care products such as creams, lotions, sprays, soaps, etc., and increasing disposable incomes of consumers are key factors bolstering the growth of this segment.
Europe Accounted for a Significantly Large Revenue Share in 2020:
Europe accounted for a significantly large revenue share in the global emulsifiers market in 2020, owing to many favorable factors. Growing working population in the region, rising demand for packaged or convenience foods & beverages, increasing use of cosmetics and personal care products, rising disposable incomes of consumers, and rapidly expanding pharmaceutical industry are major revenue growth drivers for the Europe market. Presence of leading industry players in the region, such as BASF SE, Clariant AG, and Evonik Industries AG, is another key factor contributing to the regional market revenue growth.
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Major Companies in the Global Emulsifiers Market Include:
- Kerry Group
- BASF SE
- Cargill Inc.
- Evonik Industries AG
- Clariant AG
- AkzoNobel NV
- Ingredion Inc.
- Solvay SA
- Archer Daniels Midland Company
- Royal DSM
- DowDuPont, Inc.
For the purpose of this report, Emergen Research has segmented the global emulsifiers market based on product type, end-use industry, distribution channel, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
End-use Industry Outlook (Revenue, USD Billion; 2018–2028)
- Food & Beverage Industry
- Dairy Products
- Bakery Products
- Cosmetics & Personal Care Industry
- Creams & Lotions
- Make-up Components
- Personal Hygiene Products
- Oil & Gas Industry
- Drilling Fluids
- Wetting Fluids
- Gelling Fluids
- Pharmaceutical Industry
- Paints & Coatings Industry
- Agrochemical Industry
- Seed Coating
- Crop Protection
Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
- Direct Channels
- Indirect Channels
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Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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