Global Emulsifier, Stabilizer and Thickener (EST) Market poised to grow at a CAGR around 6.7% during the forecast period
Market Overview:
Emulsifier, stabilizer, and thickener (EST) are used as food additives,
which helps to stabilize emulsify and thicken food products. They are primarily
used as food additive agent, which gives consistent texture, taste, and
mouthfeel. Many low-fat foods are dependent on stabilizers. Some of the common
EST are starches, gums, pectin, agar-agar, lecithin, and others. They are
widely used in various industries such as bakery and confectionery, dairy and
frozen desserts, beverages, oil and fats, sweet and savory snacks, meat
products, and others.
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Market Forecast:
Emulsifier, stabilizer, and thickener (EST) are primarily extracted from
a natural substance and used as a direct additive in products to provide
structure, viscosity, stability, and other qualities such as maintaining
existing color. Increasing inclination towards processed foods in developed
countries is driving the market for EST. Moreover, continuously rising demand
for new ingredients in food processing is further boosting the growth of the EST
market share owing to its functional attribute.
Increasing demand for processed meat and seafood is further boosting the
growth of the EST market share. Moreover, new processing techniques used for
product development have also invariably raised the market for EST. However,
few stringent laws and regulations may restrain the growth of the market over
the review period. Nevertheless, all these factors are projected to contribute
to the estimated CAGR of 6.7% of EST market share during the forecast period
2017-2023.
Downstream Analysis:
Based on the type, EST market share is segmented into starches,
gums, pectin, agar-agar, lecithin, and others. Among all, the lecithin is
dominating the market. It has gained high popularity based on its health
beneficial attributes. However, starches are projected to gain substantial
growth based on its easy availability, optimum functionality, and relatively
low price in the market.
On the basis of application, EST market share is segmented into bakery
and confectionery, dairy and frozen desserts, beverages, oil and fats, sweet
and savory snacks, meat products, and others. Among all, the dairy and frozen
desserts segment is dominating the market followed by the bakery and
confectionery segment. However, application of EST is gaining popularity in the
cosmetic and personal care industry and growing substantially.
Competitive Analysis:
The major players in the EST market share:
- Archer Daniels
Midland Company (U.S.)
- BASF SE (Germany)
- Cargill
Incorporated (U.S.)
- DuPont Nutrition
& Health (Denmark)
- Kerry Inc.
(Ireland)
- Evonik Industries
AG (Germany)
- Akzo Nobel N.V.
(The Netherlands)
Regional Analysis:
The global EST market share is segmented into North America, Europe,
Asia Pacific, and rest of the world (RoW). Europe is dominating the market
followed by North America. High inclination towards processed foods in
developed countries such as Canada and the U.S. is driving the EST market share
in North America. Germany, and the U.K. are the major contributors to EST
market share, in Europe.
Asia Pacific is expected to be the fastest growing market over the
forecast period owing to changing lifestyle and consumption pattern in
developing countries such as China and India. Moreover, Latin American, the
Middle East, and African countries are projected to witness a increased demand
for emulsifiers over the forecast period.
Market Segmentation:
Emulsifier, Stabilizer, and Thickener (EST) market is segmented on the
basis of type, application and region.
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