Market Size of India Food Emulsifiers Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 9.80 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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India Food Emulsifiers Market Analysis
The Indian food emulsifier market (henceforth, referred to as the market studied) is projected to register a CAGR of 9.8% during the forecast period (2020 - 2025).
- India being a developing country with a very high population rate, the increasing disposable income of people and busy lifestyle is leading to the demand for convenient processed foods and ready-to-eat products. Thus, the market studied has received a boost in its growth due to its application in the processed food industry.
- Rapidly evolving retail landscape and an influx of multiple brands across various product categories have boosted the market, primarily due to the booming food processing industry.
- Additionally, the demand for bakery products, like chocolates, pastries, and cakes, has been increasing across the country, thus, making emulsifier an essential additive.