Albany - NY, Oct. 19, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Food Emulsifier Market - Southeast Asia Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021," Southeast Asia Food Emulsifier market was valued at US$173.3 mn in 2014 and is anticipated to reach US$248.3 mn by 2021, at a CAGR of 5.1% during the forecast period.
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Rising demand for convenience food is the major factor boosting the demand for food emulsifier in Southeast Asia. The food emulsifier market in Southeast Asia has been experiencing robust growth due to its increasing demand across confectionery and bakery among others. Apart from these, preference to low fat food and health awareness are also contributing to the growth of food emulsifier in Southeast Asia. In addition, food emulsifiers are being added to the finished product to increase the overall quality of bakery and functional foods. Growth in the bakery industry in Southeast Asia is set to bolster the growth of the food emulsifier market.
Southeast Asia food emulsifier market is segmented by product types into: lecithin, stearoyl lactylatess, sorbitan esters, mono, di-glycerides & derivatives and others. In 2014, mono, di-glycerides & derivatives held the largest market share trailed by lecithin. Food emulsifiers are used across various segments such as meat products, bakery & confectionery, dairy products, convenience foods and among others. The usage of sorbitan esters and stearoyl lactylates, is expected to increase because of the growth and development in various regions that is leading to the rise in demand for packaged and convenience foods. Increasing demand for food emulsifier products offers significant growth potential to the food emulsifier market during the forecast period of 2015 - 2021.
In the year 2014, mono, di-glycerides & derivatives accounted for 43.4% market share followed by lecithin which accounted for 23.7%. Sorbitan Esters, Stearoyl Lactylatess and others segmented accounted for 17.9%, 8.8% and 6.2% respectively in same year. In 2014, based on application type, the convenience foods segment accounted for 24.8% share of the total Southeast Asia food emulsifier market. The convenience foods segment was followed by bakery and confectionery, dairy products, meat products, and others, which accounted for 21.7%, 19.5%, 17.4%, and 16.6% share respectively of the Southeast Asia food emulsifier market in 2014.
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The food emulsifiers market in Southeast Asia by application has been segmented into bakery & confectionery, dairy products, meat products, convenience foods and others. The Southeast Asia food emulsifier market by geography has been segmented into Thailand, Malaysia, Indonesia, Vietnam and Rest of Southeast Asia.
The food emulsifier market is segmented as:
Southeast Asia Food Emulsifier Market: By Product Type
- Stearoyl Lactylatess
- Mono, Di-Glycerides & Derivatives
- Sorbitan Esters
Southeast Asia Food Emulsifier Market: By Application Type
- Dairy Products
- Convenience Foods
- Bakery & Confectionery
- Meat Products
Southeast Asia Food Emulsifier Market: By Country
- Rest of Southeast Asia
Transparency Market Research (TMR) is a Southeast Asia market intelligence company, providing Southeast Asia business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
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Source:Transparency Market Research