Emulsifiers Market Size, Share, and Industry Analysis, By Source (Bio-Based and Synthetic), By Application (Food, Cosmetic & Personal Care, Oilfield Chemicals, Pharmaceuticals, Agrochemicals, and Others), and Regional Forecast, 2024-2032

The synthetic segment primarily drives the emulsifiers market. Synthetic segments in emulsifiers play a crucial role in various industries, enhancing the stability and texture of products. In the food and beverage sector, they are used to improve the consistency of sauces, dressings, and spreads, ensuring a uniform texture and preventing separation. In cosmetics, synthetic emulsifiers allow for the creation of stable, homogeneous products, such as creams and lotions, enhancing the application and absorption of skincare products.

The pharmaceuticals segment also drives the emulsifiers market. In this segment, emulsifiers play a pivotal role by enhancing drug solubility and stability, ensuring effective delivery of active pharmaceutical ingredients (APIs). They are integral in the formulation of various dosage forms, including creams, ointments, and oral suspensions, improving texture and extending shelf life. Furthermore, emulsifiers facilitate the development of innovative drug delivery systems, such as Nanoemulsions and micelles, offering targeted therapy and improved bioavailability.

• In Asia Pacific, compliance with government regulations and environmental concerns may increase production costs and limit market opportunities for TPV.

The pharmaceutical industry benefits from synthetic emulsifiers in the formulation of drugs, where they facilitate the mixing of oil and water-based components, improving the efficacy and shelf-life of medications. In the agricultural sector, they assist in the production of pesticides and herbicides, improving their distribution and adherence on plant surfaces. Synthetic emulsifiers also play a significant role in the production of paints and coatings, ensuring a uniform application and finish.

• In 2022, North America dominated the emulsifiers market with approximately 47% of the market share.

The major emulsifiers market consumers by region are China, Japan, and India in Asia Pacific, the U.S. & Canada in North America, Germany and France in Europe, and Saudi Arabia and UAE in the Middle East.

• In 2023, total pharmaceutical sales in North America accounted for 47% globally.


• Europe accounted for around 24% of the total pharmaceutical sales in 2023.

Segmentation

Key Insights

The report covers the following key insights:

• Key Emerging Trends – For Major Regions


• Key Developments: Mergers, Acquisitions, and Partnerships


• Latest Technological Advancements


• Insights on Sustainability


• Porters Five Forces Analysis


• Impact of COVID-19 on the Market

Analysis by Source

By source, the market is divided into bio-based and synthetic. The bio-based segment holds a significant share of the global emulsifiers market.

• In the emulsifiers market, the bio-based segment is gaining traction for its sustainable and eco-friendly attributes. These emulsifiers are extensively used in food and beverage production to improve texture, extend shelf life, and enhance product stability. In the cosmetics industry, bio-based emulsifiers are favored for creating natural and organic formulations, meeting consumer demand for clean beauty products


• Additionally, they find applications in pharmaceuticals, where they aid in drug formulation and delivery, emphasizing the shift toward green chemistry. Furthermore, bio-based emulsifiers are utilized in the agricultural sector to enhance the efficacy of biopesticides, showcasing their versatility and environmental benefits.

Analysis by Application

By application, the market is divided into food, cosmetic & personal care, oilfield chemicals, pharmaceuticals, agrochemicals and others. The food segment holds a considerable share of the global emulsifiers market.

• Emulsifiers in the food industry enhance texture and extend the shelf life of baked goods. They play a crucial role in creating stable emulsions in dressings and sauces.


• Emulsifiers are key in producing low-fat, creamy dairy products. They also improve the consistency and quality of ice cream and frozen desserts, boosting their demand in food applications.

Regional Analysis

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The global market is geographically segmented into North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America holds a considerable share of the emulsifiers market. The presence of numerous food & beverage, pharmaceutical, cosmetics, and paints & oils companies in North America has led to an increased demand for emulsifiers in the region. For example, in 2022, Benson Hill Inc., a food technology company, collaborated with Denofa, a leading Scandinavian protein manufacturer, to promote sustainable soy protein components in the Northern European aqua feed industry.

Total Export of Pharmaceutical Products by Country, 2022

• Germany   -   USD 64.7 billion


• Switzerland  -  USD 50.3 billion


• Belgium - USD 33.3 billion


• USA -  USD 30.5 billion


• France  -   USD 27.4 billion

Key Players Covered

The report will include the profiles of key players, such as ADM, Akzo Nobel N.V, BASF SE, Cargill, Incorporated, CLARIANT, Corbion, DSM, DuPont, Evonik Industries AG, and Kerry Group plc.

Key Industry Developments

• In September 2022, BASF SE and U.S. technology start-up RiKarbon Inc. partnered to develop emollients from bio-waste, expanding their product portfolio and promoting sustainability.


• In September 2022, Evonik Industries AG announced that it had increased the production capacities of two of its additive product groups, namely TEGO Phobe hydrophobic agents and TEGO Viscoplus polyurethane thickeners. The decision to increase the production was made in response to the growing demand for architectural paint additives in Europe.