|
Forecast Period
|
2024-2028
|
|
Market Size (2022)
|
USD 210.10 Million
|
|
CAGR (2023-2028)
|
4.42%
|
|
Fastest Growing Segment
|
Lecithin
|
|
Largest Market
|
West India
|
Market Overview
India Food Emulsifiers Market has valued
at USD 210.10 Million in 2022 and is anticipated to grow with a CAGR of 4.42%
through 2028. India Food Emulsifiers Market is anticipated to grow
significantly rate in the projected period of 2028. The emulsifiers market in
India has been witnessing substantial growth in recent years. Emulsifiers play
a vital role in various industries, including food and beverages, cosmetics,
pharmaceuticals, and personal care products. They are used to stabilize
emulsions, enhance texture, improve shelf life, and provide other desirable
properties to products. The Indian emulsifiers market has seen a surge in
demand due to factors such as changing lifestyles, increasing disposable
incomes, urbanization, and the growing awareness of health and wellness among
consumers.
Key Market Drivers
Growing Usage in Food and
Beverage Industry is Propelling the Market
Emulsifiers are substances that help
stabilize and blend two immiscible components, typically oil and water, to form
a stable emulsion. Emulsifiers act as binding agents, ensuring that oil and
water stay blended for an extended period. One of the primary functions of
emulsifiers in the food and beverage industry is to enhance texture and
stability. In products such as mayonnaise, sauces, and salad dressings,
emulsifiers help achieve a smooth and creamy texture by preventing oil and
water from separating. They impart a desirable mouthfeel and prevent the
formation of unappetizing clumps or lumps. Moreover, emulsifiers improve the
stability of emulsions, ensuring that the product maintains its consistency
over time, even during storage. As per the India Brand Equity Foundation
(IBEF), India's food and beverage industry currently stands at USD 40.3 billion
and is expected to touch USD 66.3 billion by 2018, registering a growth rate of
18 percent. Furthermore, Emulsifiers play a crucial role in extending the shelf
life of various food and beverage products. By maintaining the stability of
emulsions, emulsifiers prevent spoilage, microbial growth, and rancidity. They
create a protective barrier around the dispersed oil droplets, preventing
oxidation and maintaining the freshness of the product. This is particularly
important in baked goods, margarines, and confectionery, where extended shelf
life is essential for consumer satisfaction and reduced food waste. They also
contribute to the development of low-fat and reduced-calorie food products.
They enable the incorporation of water or other low-fat ingredients into
formulations, mimicking the texture and mouthfeel typically provided by higher
fat content. Emulsifiers create stable emulsions with reduced fat content,
allowing manufacturers to offer healthier alternatives without compromising
taste and sensory attributes. Reduced-fat spreads, light salad dressings, and
low-calorie beverages are examples of products benefiting from emulsifiers' fat
reduction capabilities. In addition to emulsion stabilization, emulsifiers also
function as texture modifiers and structure builders. They influence the
formation of foams, gels, and aeration processes in various food applications.
For example, emulsifiers contribute to the stable foam structure in whipped
creams, mousses, and meringues, enhancing the visual appeal and mouthfeel of
these products. As per the India Brand Equity Foundation (IBEF), The market
size of India's beauty, cosmetic and grooming market will reach $ 20 billion by
2025 from the current $ 6.5 billion on the back of rise in disposable income of
middle class and growing aspirations of people to live good life and look good,
according to Assocham. To suit consumption across difference levels of
purchasing power, FMCG companies are coming out with variety of products in
different price range. They also play a role in cake batters, contributing to
their structure and moisture retention during baking. Emulsifiers find
applications in a diverse range of food and beverage products. They are used in
dairy products such as ice creams, yogurts, and processed cheeses to create
smooth textures and prevent ice crystal formation. In bakery products,
emulsifiers improve dough stability, volume, and shelf life. Chocolate and confectionery
items rely on emulsifiers for homogenous mixing, smoothness, and prevention of
fat bloom. Furthermore, emulsifiers are used in meat products, beverages,
soups, and ready-to-eat meals, among others, to enhance stability, texture, and
sensory attributes.
Increased Consumption of Emulsifiers
Based Products is Spurring the demand of Overall Market
Emulsifiers ensure the stability of
cosmetic products by forming a protective layer around oil droplets, preventing
coalescence, and slowing down creaming or sedimentation. This ensures that the
product remains homogeneous throughout its shelf life. Emulsifiers play a
significant role in determining the texture and sensory attributes of cosmetic
products. By carefully selecting and formulating with emulsifiers,
manufacturers can create a range of luxurious textures, from light and silky to
rich and creamy, enhancing the user's experience. They can also improve the
efficacy of cosmetic formulations by enabling the incorporation of active
ingredients that are incompatible with the base formula. They help to
solubilize hydrophobic actives, such as vitamins, antioxidants, and plant
extracts, allowing their effective delivery to the skin. Moreover, with the
growing demand for natural and sustainable cosmetic products, natural
emulsifiers have gained popularity. Examples include lecithin, beeswax, and
plant-derived emulsifiers like cetearyl olivate and sorbitan olivate. Also,
Silicone-based emulsifiers offer unique sensory characteristics and are
commonly used in skincare and haircare products. They provide a smooth, silky
feel and can enhance the spread ability and delivery of active ingredients.
Polymeric emulsifiers, such as carbomer and acrylates copolymer, provide
exceptional stability and are often used in high-viscosity products like creams
and gels.
Download Free Sample Report
Key Market Challenges
Fluctuations
in Prices of Raw Materials
Raw materials used in food emulsifiers
are primarily sourced from natural origins, including vegetable oils, fats, and
proteins. The prices of these materials are susceptible to market volatility,
influenced by factors like climate change, geopolitical events, and global
supply and demand shifts. Fluctuations in raw material prices can be
substantial and unpredictable, resulting in a series of challenges for the
Indian food emulsifiers market. Significant price fluctuations can disrupt the
supply chain, resulting in production and distribution delays. Manufacturers
may encounter challenges in procuring reliable and cost-effective raw
materials, impacting their capacity to meet market demand and fulfill customer
expectations. Moreover, uncertainty in prices of raw materials can impede
research and development endeavors. Manufacturers may exhibit reluctance in
investing in cutting-edge formulations or novel product development owing to
the uncertainty surrounding future costs.
Disruptions
in Supply Chain
Efficient
logistics and transportation play a critical role in ensuring the timely
delivery of emulsifiers to food manufacturers. Challenges such as poor
infrastructure, traffic congestion, and insufficient cold chain facilities can
result in delays and compromise product quality, impacting both manufacturers
and consumers alike. The food industry is governed by rigorous regulations
aimed at safeguarding consumer safety. Alterations in labeling requirements,
quality standards, or import/export regulations can have an impact on the
cross-border movement of emulsifiers, resulting in bottlenecks in the supply
chain. Furthermore, the COVID-19 pandemic unveiled vulnerabilities in global
supply chains. The implementation of lockdowns, restrictions, and disruptions
in international trade underscored the imperative for resilient supply chain
management to guarantee the uninterrupted flow of essential ingredients.
Key Market Trends
Stringent
Regulatory Landscape
In recent years, there has been a
discernible shift in consumer preferences towards cleaner and more natural
ingredients. This trend has prompted regulatory bodies to closely examine the
use of artificial additives, such as emulsifiers, in food products. The Food
Safety and Standards Authority of India (FSSAI) has taken a leading role in
ensuring that emulsifiers used in Indian food products adhere to safety
standards and are accurately labeled. Regulatory authorities in India have been
proactive in enhancing labeling requirements for food products, including
emulsifiers. Regulatory agencies are placing a strong emphasis on ensuring that
food emulsifiers meet rigorous safety and quality standards. This growing trend
incentivizes manufacturers to implement best practices in production, storage,
and distribution, guaranteeing the safety of emulsifiers throughout their shelf
life. In a world that is becoming more interconnected, it is essential for
trade and export opportunities to align with international food standards.
Regulatory authorities in India are diligently working towards harmonizing
their regulations with global benchmarks. This approach enables emulsifier
manufacturers to access international markets while upholding the utmost
commitment to stringent quality and safety criteria.
Sustainability
and Environmental Concerns
Sustainable practices encompass a strong
emphasis on waste reduction. Emulsifier manufacturers are actively
investigating strategies to minimize packaging waste and integrate circular
economy principles, including recycling and upcycling, into their operational
frameworks. Water scarcity is a pressing global issue, and the food industry
plays a significant role in water consumption. Companies operating in the food
emulsifiers market are actively adopting water-efficient technologies and
practices to minimize their water usage and contribute to water conservation
efforts. Furthermore, an emerging trend observed in the food industry,
particularly within the emulsifiers sector, is the heightened focus on
ethically sourced ingredients. Companies are progressively scrutinizing their
supply chains to guarantee responsible sourcing of raw materials, thereby
avoiding any involvement in deforestation, habitat destruction, or unethical
labor practices.
Segmental Insights
Type Insights
In 2022, the food
emulsifiers market was dominated by the lecithin and is predicted to continue
expanding over the coming years. Lecithin is a naturally derived emulsifier
that can be sourced from plants like soybeans and sunflower seeds, as well as
animal products like egg yolks. In today's market, where consumers are
increasingly seeking natural and clean label ingredients, lecithin emerges as a
prominent choice that is recognizable and well-received by consumers. It
perfectly aligns with the escalating demand for transparent and minimally
processed products. Lecithin's exceptional emulsification properties make it a
versatile ingredient in a wide range of food applications. It helps stabilize
oil-water mixtures, preventing separation and ensuring uniform texture and
mouthfeel. This versatility allows manufacturers to use lecithin in products
such as baked goods, confectionery, dairy, beverages, and processed foods.
Moreover, lecithin's emulsification properties also play a crucial role in
extending the shelf life of food products. By preventing the separation of
ingredients, lecithin helps maintain the quality and freshness of products over
an extended period.
Application Insights
In 2022, the
food emulsifiers market was dominated by bakery products segment and is
predicted to continue expanding over the coming years. The rapid urbanization
of India has brought about shifts in dietary patterns. With the increasing
number of individuals migrating to urban regions and embracing busier routines,
there has been a significant rise in the demand for convenient and
ready-to-consume bakery goods. Emulsifiers play a crucial role in improving the
texture, shelf life, and overall quality of these products, making them
indispensable for manufacturers. Bakery products have a wide appeal among
consumers in India, encompassing various age groups and income levels. This
diverse consumer base creates a consistent and stable demand for bakery items,
thereby emphasizing the necessity of emulsifiers to enhance their quality and
characteristics. Moreover, the bakery industry in India has witnessed
significant innovation and product diversification. Manufacturers are
constantly introducing new flavours, formats, and healthier alternatives to
cater to evolving consumer preferences. Emulsifiers enable bakers to experiment
with formulations, resulting in a wide variety of bakery products that continue
to capture consumer interest.
Download Free Sample Report
Regional Insights
The West India has established itself as
the leader in the India Food Emulsifiers Market. The western states of Gujarat
and Maharashtra are renowned for their major ports such as Mumbai, Kandla, and
Mundra. These ports play a pivotal role in facilitating the efficient import
and export of raw materials and finished products. This accessibility greatly
contributes to a streamlined supply chain for emulsifiers, enabling
manufacturers in this region to effortlessly procure raw materials and
efficiently distribute their products nationwide. The western region of India
exhibits a robust food processing industry, encompassing sectors such as dairy,
bakery, confectionery, and ready-to-eat foods. These industries extensively
utilize food emulsifiers to elevate the quality and desirability of their
products. West India has a diverse food culture, with a variety of traditional
and modern food products. This diversity creates a demand for a wide range of
emulsifiers to cater to different culinary needs, contributing to a larger
market size.
Recent Developments
- In September 2022, Kerry launched the new emulsifier Puremul which is
made from mimosa and is commonly known as acacia. It is anticipated that acacia
has the potential to substitute sunflower lecithin and mono- and diglycerides
in food and beverage products. Moreover, this new food emulsifier is used in
various industrial applications such as plant-based beverages, baked goods, and
frozen dessert products.
Key Market Players
- ADM Agro Industries India Private Limited
- Ingredion India Pvt. Ltd.
- KERRY INGREDIENTS INDIA PRIVATE LIMITED
- AAK India Private Limited
- Puratos India
- DSM India Private Limited
- Cargill India Pvt. Ltd.
- Corbion India Pvt Ltd
- BASF India Ltd
- SAVANNAH SURFACTANTS LIMITED
|
By Type
|
By Source
|
By Functionality
|
By Application
|
By Region
|
|
Lecithin
Mono- &
Diglycerides and Derivatives
Others
|
Plant
Animal
|
Emulsification
Starch Complexing
Protein Interaction
Others
|
Bakery Products
Confectionery
Convenience Foods
Dairy Products
Others
|
North India
East India
West India
South India
|
Report Scope:
In this report, the India Food Emulsifiers Market
has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- India Food
Emulsifiers Market, By Type:
- Lecithin
- Mono- & Diglycerides and Derivatives
- Others
- India Food Emulsifiers Market, By Source:
- Plant Source
- Animal Source
- India Food Emulsifiers Market, By Functionality:
- Emulsification
- Starch Complexing
- Protein
Interaction
- Others
- India Food Emulsifiers Market, By Application:
- Bakery Products
- Confectionery
- Convenience Foods
- Dairy Products
- Others
- India Food
Emulsifiers Market, By Region:
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India Food Emulsifiers Market.
Available Customizations:
India Food Emulsifiers Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India Food Emulsifiers Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]