The bakery sector is driven by demand of innovative baked products, mainly which offer longer shelf
life and are gluten-free. Additionally, there is a rise in consumer demand for biscuits comprising high
fiber and nutritional content. This is expected to boost the consumption of emulsifiers over the ye ars
ahead.
In terms of volume, convenience products are likely to witness fastest growth, expanding at a CAGR
of 5.0% during the forecast period. Busy consumer lifestyles in developing and developed countries
has propelled the consumption of packaged foods. This scenario is likely to boost the industry growth
by 2025.
Regional Insights
Europe accounted for the highest volume share in 2015, constituting 29.5% of the total industry. Asia
Pacific and North America were the next major consuming regions of the market. France, Germany
and other East European countries are likely to influence the expansion of industry in the coming
years. In Europe, the demand for sorbitan esters and stearoyl lactylates is likely to increase, especially
in dairy and bakery applications, at a steady CAGR during the forecast period.
Countries in Eastern Europe are likely to witness fastest industry growth, due to the increasing foreign
investments in the production of alcoholic beverages. This development is expected to offer favorable
prospects for food emulsifiers.
Asia Pacific is likely to depict fastest growth on account of various socio-economic factors, which
include strong development of the food & beverage processing industry coupled with the presence
of a wide consumer base. This scenario is expected to reflect mainly in India, China and Southeast
Asian countries over the years ahead.
Competitive Insights
BASF SE, Danisco A/S, Beldem, Lonza Group, Cargill, Inc., Riken Vitamin Co. Ltd., Adani Wilmar Ltd.,
Palsgaard A/S, Archer Daniels Midland Company, Stepan Company Solvay S.A., and Lubrizol
Corporation are the key players in the industry.
Companies such as Riken Vitamin and Palsgaard are investing significantly in the research and
development for enhancement of the functional properties of their products. Danisco A/S is engaged
in providing processed foods that are characterized by enhanced taste, nutritional value, extended