DUBLIN, June 09, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/9h3487/north_america) has announced the addition of the "North America Food Emulsifiers Market-Growth, Trends And Forecast (2015-2020)" report to their offering.
The North American market is estimated to value at $644 million in 2014 and reaches $787.4 million by 2020 with a CAGR of 3.4% during 2014 to 2020.
Busy lifestyle of consumers clamor for processed convenience foods that make preparing food a easy process. Desk bound lifestyles have not only increased the demand for packaged and convenience foods but also to the raising obesity levels globally. This has resulted in consumers demanding for trans fat products, driving the food processors to use emulsifiers to reduce the calories and fat content.
Awareness on functional foods, and major applications in the Bakery and Confectionary Industry, Dairy, and high consumption of Ice creams, biscuits, mayonnaise, chocolates, bread, coffee, soft drinks are other drivers for food emulsifiers market. New processing techniques used for product development have also invariably raised the market for food emulsifiers. The burgeoning affluent middle class in the BRICS nations demand for convenience foods with ethnic tastes and flavors, however not without the awareness on the additives used, fat content and nutrition value.
The market is segmented into mono & di-glyceride derivatives, lecithin, sorbitan esters, and stearoyl lactylates. Di-Glycerides hold the maximum share among the synthetic emulsifiers while Lecithin dominates in the natural food emulsifiers segment. The food emulsifiers are used in various food applications which include functional foods, Bakery and Confectionary (accounting for maximum share in usage of Emulsifiers), Dairy products, Convenience foods, and Meat Products.
The growing importance of convenience is driving food choice which is driving the demand for convenience food globally. However, as the consumer perspective is changing from food related convenience' to product specifications, manufacturers look at emulsifiers for the providing the lower fat content percentage while maintaining sensory characteristics like texture, flavor and taste in convenience foods.
By region type the food emulsifiers market sees increasing consumption from North America, Europe, and Asia Pacific. The North American Consumer with their busy lifestyle consume more convenience foods. Mono & di-glyceride derivatives form the largest segment in North American food emulsifier market. The North American region has been totally driven by the U.S. market that account for nearly 74% share.
- Cargill Inc
- Archer Daniels Midland
- Ingredion Inc
- Kerry Group
- Stepan company
- Royal DSM
- Riken Vitamin
- Estelle Chemicals
- Lonza Group
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SOURCE Research and Markets