Emulsifier Market Size

Statistics for the 2023 & 2024 Emulsifier market size, created by Mordor Intelligence™ Industry Reports. Emulsifier size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Emulsifier Industry

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Emulsifier Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 9.59 Billion
Market Size (2029) USD 11.97 Billion
CAGR (2024 - 2029) > 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Emulsifier Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Emulsifiers Market Analysis

The Emulsifier Market size is estimated at USD 9.59 billion in 2024, and is expected to reach USD 11.97 billion by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).

The COVID-19 pandemic had a negative impact on the emulsifiers market by disrupting production and distribution. This was due to factors such as difficulty obtaining raw materials, border-crossing restrictions, and limited access to labor. The resulting drop in supply and processing capacity led to worsening sales conditions and delayed production and market activities. However, the market has recovered steadily after that and is growing at a moderate pace, owing to increased consumption of emulsifiers from various industries post-pandemic.

The growing use of emulsifiers in food products and the increasing demand for packaged and processed foods are the main drivers of this market.

On the flip side, strict government regulations and the availability of close substitutes, such as enzymes, could hinder the growth of the emulsifiers market.

Growing research and development into emulsifiers as multipurpose agents in personal care and cosmetics is expected to create new opportunities for the market to grow.

Asia-Pacific region dominated the market across the globe, with the most significant consumption from countries such as China, India, and Japan. Being the largest consumers.

Emulsifiers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)