The Food Emulsifiers Market is estimated to be valued at USD 3.2 billion in 2020 and is projected to reach USD 4.0 billion by 2025, at a CAGR of 4.7 %. The market is driven by the rise in the consumption of processed foods.
The key players in the food emulsifiers market include Corbion NV (Netherlands), Beldem SA (Belgium), Lonza Group (Switzerland), Palsgaard A/S (Denmark), Riken Vitamin (Japan), and Tate & Lyle Plc (UK). Furthermore, Kerry Group Plc. (Ireland), DowDuPont (US), and Archer Daniels Midland (ADM) (US) are the other players that hold a significant share in the food emulsifiers market.
Kerry Group plc is a leading global manufacturer of food ingredients and flavors. It is a supplier of value-added brands and branded chilled food products to the UK, Ireland, and selected international markets. The company is dedicated to serving the food & beverage and pharmaceutical industries. The company offers its products in more than 140 countries in Europe, the Middle East & Africa (EMEA), North America, South America, and Asia Pacific.
Cargill is one of the largest suppliers of food & beverage ingredients. It is strengthening its market position through a series of product launches and approvals in the area of food emulsifiers. Investments in expanding its existing facilities to enhance the production capacities were adopted foreseeing the elevated demand for food products through a wider application streams such as bakery, confectionery, snack products, and other ready-to-eat food products.
Archer Daniels Midland Company (ADM) is primarily engaged in food-processing and commodity-trading. It is one of the key players in the agricultural processing and food ingredient providing sector. ADM manufactures a wide range of products, which include food & beverage ingredients, feed and feed ingredients, biofuels, and naturally derived alternatives for industrial chemicals.
ADM offers various emulsifiers through its wild flavors and specialty ingredients business segment, which has a range of consistent, high-quality lecithin that promotes blending in food products, reduces ingredient hardening, and improves food texture. ADM aims to increase its business in most countries to develop a significant global network by adopting expansion as its major strategy.