Emulsifiers Market Size was valued at USD 4.70 billion in 2023. The Emulsifiers industry is projected to grow from USD 4.99 Billion in 2024 to USD 7.66 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.51% during the forecast period (2024 - 2032). Emulsifier applications in food products are rising along with Increasing awareness about health are the key market drivers contributing to overall market revenue.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The rising emulsifier applications in food products drive the market CAGR for Emulsifiers. The market is expected to increase due to the increasing use of emulsifiers in food items, including instant nutritional products, cereals, quick ready-to-eat meals, and snacks. Additionally, expanding populations and modernization would be predicted to fuel market expansion ly. Consumption of packaged meals has increased as the world has become more contemporary. Shelf-life improvement can fuel the worldwide emulsifier market. Due to the non-toxicity of the chemicals and the longer shelf life of the product, fires are employed in the pharmaceutical industry for emergencies in creams, prisons, pills, and syrups.
Additionally, Consumer health consciousness is increasing along with disposable income across the board in developing countries, which is also driving significant growth in international markets. Due to people's growing concern for personal care, product consumption is gradually rising daily. The cosmetic industry is expanding with the utilization of emulsifiers in cosmetics products due to its property of high thermal heat and shear stability. The market is booming with all these different prospects because of the rising demand for the personal care, cosmetics, and health care sectors. Increased demand for skin care and hair treatment products is boosting market growth.
Stringent government regulations on the production and distribution of various emulsifiers will likely hinder the expansion of the market for emulsifiers over the forecast period. Additionally, COVID-19 caused a negative effect on the emulsifiers market as its manufacturing and processing decreased due to a disturbance in the distribution that made it harder to get the raw materials used to make emulsifiers. These concerns caused processing capacity to decline, which worsened the sales environment and delayed production and market operations. After the pandemic, the market's position altered, and as the shutdowns relaxed, the availability of raw materials aided in the production of emulsifiers and expanded the entire market.
For instance, Among the independent organizations are state authorities, the European Food Safety Authority (EFSA), and the Joint Expert Committee on Food Additives. EFSA has published guidelines on the amount of emulsifier used in food and drinks in Europe and is responsible for inspecting emulsifiers at each manufacturing stage. FDA has suggested a list of appropriate emulsifiers. As a result, the government's implementation of strict laws regarding the consumption of emulsifiers has slowed the market's rate of rise. However, organizations are developing innovative solutions and new products that satisfy government guidelines. As a result, it is anticipated that demand for emulsifiers will increase throughout the projection period due to rising health concerns and food industry growth. Thus, driving the Emulsifiers market revenue.
The global Emulsifiers market segmentation, based on Chemical Structure includes Natural, Synthetics, and Semi-Synthetic. The synthetic segment dominated the market, accounting for 51.6% of market revenue (USD 2.3 billion) in 2022. During the forecast period, the availability of semi-synthetic emulsifiers is anticipated to increase, contributing to overall market growth.
Figure 1: Emulsifiers Market, by Chemical Structure, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Emulsifiers market segmentation, based on Application, includes Food Products, Personal Care & Cosmetics Products, Pharmaceuticals, oilfields, Agrochemicals, and Others. The Food Products category generated the highest revenue of about 58% of the market share in 2022. The market is anticipated to increase due to the increasing use of emulsifiers in food items, including instant nutritional products, cereals, ready-to-eat meals, and snacks.
By Region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North America Emulsifier region dominates this market, owing to 45.8% of the market share in 2022. In addition, the growing population and healthcare industry will boost the market growth in this Region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Emulsifiers Market Share by Region 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Emulsifiers market accounts are expected to grow at a high rate from 2023 to 2032 due to food and beverage industry growth in this Region. Further, the German Emulsifiers market led the highest market share, and the UK Emulsifiers market was the fastest-growing market in the European Region.
The Asia-Pacific Emulsifiers Market has the second-largest market share. This is due to expanding awareness of health concerns and rising per capita disposable income. Moreover, China’s Emulsifiers market and the Indian Emulsifiers market are the fast-growing markets in the Asia-Pacific region.
For instance, Emulsifiers appear to be well received by Europeans; subsequently, the market is rapidly growing. Products for hair care and anti-aging are searched in cosmetics and other industries. The demand from the food and beverage industries is the main factor.
Leading market players are investing heavily in research and development to produce new products and solutions, which will help the Emulsifiers market to expand. Market participants are also undertaking a variety of strategic approaches to strengthen their footprint, with important market developments including introducing new product lines, Partnerships, mergers and acquisitions, Capex, and strategic relationships with other organizations. The emulsifiers industry must offer innovative solutions at an affordable cost to survive in a fragmented market.
Manufacturing locally to reduce expenses is one of the key business strategies companies use in the Emulsifiers industry to benefit their customers and capture untapped markets. In recent years, the Emulsifiers industry has offered significant advantages to the food industry. Major players in the Emulsifiers market, including BASF SE (Germany), DowDuPont (U.S.), Kerry Group (Republic of Ireland), Koninklijke DSM N.V. (The Netherlands), Akzonobel N.V. (The Netherlands), Evonik Industries AG (Germany), Clariant (Switzerland), Solvay SA (Belgium), Archer Daniels Midland Company (US), Cargill Incorporated (US), The Lubrizol Corporation (US), Stepan Company (US), and Lonza (Switzerland), are attempting to generate demand by investing in research and development to offer new innovative products in the market.
A manufacturer of specialized chemicals, Evonik Industries AG, is based in Essen, Germany. When RAG Beteiligungs became Evonik Industries in 2007, Evonik was created. It is among the top producers of specialized chemicals in the world. The business operates in over 100 different countries worldwide. To provide customers with cutting-edge, successful, and sustainable solutions, Evonik goes well beyond science. In September 2022, the manufacturing capacity of two additive groups of products for architectural paints was increased by Evonik Industries AG. This is being carried out due to an increasing need for European architectural paint additives.
Kerry Group Plc produces and distributes a variety of foods and drinks. Ireland's Tralee serves as the company's headquarters. It was established in 1972. It functions through the Taste & Nutrition and Consumer Foods segments. Taste & Nutrition business manufactures and distributes a cutting-edge range of taste & nutritional products, functional ingredients & actives. The Consumer Foods segment produces and distributes chilled food items under consumer and added-value brands for the Irish, UK, and other foreign markets. Frozen dinners, both hot and cold pies, meats that have been processed, and dairy spreads belong to the company's offerings. In May 2022, In Kwazulu-Natal, South Africa, Kerry Group plc established the biggest and most advanced taste-making factory. The 10,000 m2 facility has a USD 38.83 million investment from the corporation.
In August of 2024, Palsgaard opened up a new plant dedicated to food emulsifiers, which is located in Malaysia. They aimed to develop their emulsion output to be above 20,000 metric tons in order to meet the growing demand for this product in the Asia-Pacific region. They hope this new expansion will serve as a stepping stone for reaching their growth goals.
Reactsurf 2490 is a compound that was released by Solvay in November 2022 and is classified as an environment-safe polymer. It can function as a primary emulsifier for systems such as 'acrylic, vinyl-acrylic and styrene-acrylic latex'.
The support for clients involved in home care, industrial activities and pharmaceuticals was raised after April December of 2022, when the Clinic care facility was built. They reported that the newly established plant in Daya Bay would integrate Ethoxylation while further expanding growth techniques in the near future.
The acquisition of c-lecTa by Kerry Group in February of 2022 has greatly accelerated the company's growth and development in enzyme engineering, fermentation and bioprocess development as c-lecTa focuses on Pharma, Food, and Beverage with an emphasis on tangible and practical innovations.
Evonik placed a contract with the Intercos Group, making the sale of raw materials such as active substances, emulsifiers, and cosmetic oils possible in a region for direct trade (that Evonik was able to integrate). This transaction occurred in November of 2022.
BASF SE has unveiled Irgastab PUR 71, a new antioxidant set to boost regulatory compliance for polyols and foams while also improving performance. This launch was done in December 2023, at the end of the quarter.
In 2023, Cargill Incorporated updated its stance on deforestation and land conversion, claiming this would be eliminated from their direct and indirect supply chain of key row crops in Brazil, Argentina and Uruguay by 2025.
On the 22nd of December of 2023, the UK authorized Koninklijke DSM N.V.'s bovine methane emission-cutting feed supplement, Bovaer.
| Attribute/Metric | Details |
| Market Size 2023 | USD 4.70 billion |
| Market Size 2024 | USD 4.99 billion |
| Market Size 2032 | USD 7.66 billion |
| Compound Annual Growth Rate (CAGR) | 5.51% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Chemical Structure, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | BASF SE (Germany), DowDuPont (U.S.), Kerry Group (Republic of Ireland), Koninklijke DSM N.V. (The Netherlands), Akzonobel N.V. (The Netherlands), Evonik Industries AG (Germany), Clariant (Switzerland), Solvay SA (Belgium), Archer Daniels Midland Company (US), Cargill Incorporated (US), The Lubrizol Corporation (US), Stepan Company (US), and Lonza (Switzerland) |
| Key Market Opportunities | R&D for new products among the main players. |
| Key Market Dynamics | Emulsifier applications in food products are rising. They are increasing awareness about health. Increase in the developing economy's disposable income. |
Emulsifiers Market Highlights:
Frequently Asked Questions (FAQ) :
The Emulsifiers market size was anticipated at USD 4.70 Billion in 2023.
The Emulsifiers market is projected to expand at a CAGR of 5.51% during the forecast period, 2024-2032.
North America holds the largest share of the Emulsifiers market.
The key players in the Emulsifiers market are BASF SE (Germany), DowDuPont (U.S.), Kerry Group (Republic of Ireland), Koninklijke DSM N.V. (The Netherlands), Akzonobel N.V. (The Netherlands), Evonik Industries AG (Germany), Clariant (Switzerland), Solvay SA (Belgium), Archer Daniels Midland Company (US), Cargill Incorporated (US), The Lubrizol Corporation (US), Stepan Company (US), and Lonza (Switzerland).
The Synthetic Emulsifiers category dominated the market in 2023.
Food Products had the largest share of the Emulsifiers market.
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