The global emulsifiers market size is projected to reach USD 13.1 billion by 2027 from USD 9.1 billion in 2022, at a CAGR of 7.6% during the forecast period. The major drivers for emulsifiers in emerging markets are increasing demand for processed food and beverages, and the growth of cosmetics and personal care. Also, rising awareness of health and wellness is driving the demand for natural and organic emulsifiers.
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Emulsifiers is made from different sources such as bio-based and synthetic emulsifiers. The key manufacturers of emulsifiers include BASF SE (Germany), Archer Daniels Midland (ADM) (US), Cargill, Incorporated (US), Evonik Industries AG (Germany), Kerry Group plc (Republic of Ireland), Solvay (Belgium), Royal DSM (Netherlands), International Flavors & Fragrances Inc. IFF (US), Corbion (Netherlands), DOW (US), Nouryon (Netherlands), and CLARIANT (Switzerland). The emulsifiers market report analyzes the key growth strategies, such as new product launches, investments & expansions, joint ventures, agreements, partnerships, and mergers & acquisitions adopted by the leading market players between 2016 and 2022.
BASF SE (Germany) has gained a strong foothold in the emulsifiers market. It is one of the global leaders in the manufacturing and distribution of the chemical. It serves various industries such as cosmetics, detergent & cleaner, agrochemical, technical, food & feed, flavor & fragrance, pharmaceutical, and bioethanol. The company’s product portfolio includes surfactants, emulsifiers, emollients, chelating agents, and cosmetic active ingredients. The company’s move including partnership, agreement, and collaboration with other players across regions is helping the company to strengthen its presence and increase its market. In September 2022, the company has partnered with RiKarbon Inc, to scale up its production of emollients derived from bio-waste and focus on the development of new technologies for emulsifiers.
Archer Daniels Midland (ADM) (US) is one of the world leaders in the production of natural products, including nutrients for animal and human nutrition. The company provides consistent, cost-effective, naturally derived emulsifiers and thickeners for a broad range of applications including paints & coatings, oil well drilling, plastics, and personal care items. The company is expanding its partnerships & collaborations and has opened a new animal nutrition technology center that focuses on developing ingredient and nutritional solutions for the broad animal nutrition market.
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In 2022, Europe held the second-largest share in the emulsifiers market by value among global regions. The predominant segment driving this market is food emulsifiers, which has garnered the highest market share in Europe. The surge in demand for novel food ingredients within the food processing sector propels the application of emulsifiers. The widespread use of emulsifiers in Europe is primarily attributed to the robust growth of the food processing industries in the region. Key industry players such as Solvay (Belgium), BASF SE (Germany), Kerry Group (Ireland), Nouryon (Netherlands), Evonik Industries AG (Germany), Clariant (Switzerland), and Royal DSM (Netherlands) are predominantly headquartered in Europe, positioning the region as a key global supplier of emulsifier products.
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