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The global food emulsifiers market is estimated to be valued at USD 3.6 billion in 2023. It is projected to reach USD 4.6 billion by 2028, recording a CAGR of 4.9% during the forecast period. This growth is primarily due to the increasing demand for processed and convenience food products across the globe. Thus, players in the industry are undertaking multiple strategic initiatives such as agreements, innovative new product launches, partnerships, acquisitions, and expansions to tap the growing market potential around the world, particularly in high-growth markets such as Asia.

Key players in this market include ADM (US), Cargill, Incorporated (US), International Flavors & Fragrances Inc. (US), Ingredion (US), Kerry Group plc. (Ireland) and Corbion (Netherlands).

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ADM is a US based multinational company that is a leading player in the food emulsifiers market. The company produces a range of lecithin based emulsifiers, which are widely used as food emulsifiers in various food and beverages products. ADM's food emulsifiers are known for their high quality and clean label. The company's strong focus on innovation, sustainability, and customer-centricity has enabled it to stay ahead of the competition and expand its market share in the food emulsifiers industry. With its broad range of products and global presence, ADM is well-positioned to capitalize on the growing demand for food emulsifiers in the coming years.

Cargill, Incorporated is a global company with a strong presence in the food industry, including the food emulsifiers market. The company operates in over 70 countries and has a diverse range of products and services, including food ingredients, agricultural commodities, and animal nutrition. In the food emulsifiers market, Cargill offers a wide range of food emulsifiers based on lecithin that can be used in various food applications such as bakery, confectionery, dairy, and meat products. In recent years, Cargill has been focusing on sustainable sourcing and reducing its carbon footprint. With its global presence, diverse product portfolio, and focus on sustainability, Cargill is well-positioned to meet the evolving needs of the food emulsifiers market.

International Flavors & Fragrances (IFF) is a leading company in the food emulsifiers market, with a strong focus on creating unique sensory experiences through its flavors, fragrances, and ingredients. The company has a global presence, with a distribution network spanning over 200 countries and offering a diverse range of products and services. IFF offers a range of lecithin based emulsifiers for bakery products, dairy, frozen desserts, confectionery products, etc. that help to enhance the texture, taste, and overall sensory experience of food products. The company has also been investing significant amount in research and development to innovate new and improved food ingredients for the food industry.

In 2022, International Flavors & Fragrances opened its new innovation center in Singapore which was worth USD 30 million, to innovate launch new products and technologies in all of its businesses. This new innovation center will help the company develop innovative products in various categories such as food emulsifiers.

Kerry Group plc is a prominent player in the food emulsifiers market, prioritizing natural and clean label solutions. The company operates within two business segments, including Taste & Nutrition, and Dairy Ireland. Kerry Group offers an extensive range of functional ingredients for food such as emulsifiers, and texturants texturants that optimize the texture, taste, and overall sensory experience of food products. Its focus on natural and clean label solutions is highly sought-after as consumers become more health-conscious and demand transparency in food labeling. Kerry Group has invested significantly in research and development to create innovative and sustainable solutions for the food emulsifiers market, such as plant-based emulsifiers produced from responsibly sourced ingredients like acacia.

In 2022, Kerry Group plc. launched an emulsifier named Puremul made from acacia, which can replace sunflower lecithin and mono-and diglycerides-based emulsifiers. This helped the company tackle with existing pricing instability and supply chain challenges of sunflower lecithin.

Related Reports:

Food Emulsifiers Market by Type (Mono and di-glycerides and their derivatives, Lecithin, Sorbitan esters, Polyglycerol esters, and Stearoyl lactylates), Source (Plant, Animal), Function, Application and Region - Global Forecast to 2028

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