乳化剤市場 – 2029年までの世界予測

Emulsifiers Market - Global Forecast to 2029

乳化剤市場 - ソース (バイオベース、合成)、製品 (レシチン、イオン、化学組成、物理的状態)、用途 (食品、化粧品およびパーソナルケア、油田用化学薬品、医薬品、農薬)、および地域別 - 2029年までの世界予測
Emulsifiers Market by Source (Bio-based, Synthetic), Product (Lecithin, Ionic, Chemical Composition, Physical State), Application (Food, Cosmetics & Personal Care, Oilfield Chemicals, Pharmaceutical, Agrochemicals), and Region - Global Forecast to 2029

商品番号 : SMB-29252

出版社MarketsandMarkets
出版年月2025年1月
ページ数286
図表数318
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The emulsifiers market is projected to reach USD 8.19 billion by 2029 from USD 6.08 billion in 2024, at a CAGR of 6.3% during the forecast period.

乳化剤市場は、2024年の60億8,000万米ドルから2029年までに81億9,000万米ドルに達すると予測されており、予測期間中のCAGRは6.3%です。

Demand for emulsifiers is coming from several key growth drivers across various industries. In the first place, it is fueled by the growing demand for processed and convenience foods; with busy lifestyles, people seek ready-to-eat and packaged foods, which mainly rely on emulsifiers to ensure texture, stability, and shelf life and thus are a must to maintain product quality.

乳化剤の需要は、さまざまな業界にわたるいくつかの主要な成長原動力によってもたらされています。まず第一に、加工食品やインスタント食品の需要の高まりによって促進されています。忙しいライフスタイルの中で、人々はすぐに食べられる調理済み食品や包装された食品を求めていますが、これらは食感、安定性、保存期間を確保するために主に乳化剤に依存しており、製品の品質を維持するためには必須です。

乳化剤市場 - 2029年までの世界予測
emulsifier-market-Overview

The rise in low-fat, low-calorie, and clean-label foods further pushes health and wellness trends that call for increased emulsifier demand. Emulsifiers can help manufacturers design healthier products that do not lose on the taste and aesthetic appeal of the product. Growth from the cosmetic and personal care industry is also seen since emulsifiers are vital for stabilizing oil-water formulations in skincare and beauty products. In addition, technological advancements in emulsifier development, especially bio-based and multifunctional types, are expanding their use and efficiency. The pharmaceutical industry is also growing, and emulsifiers improve the bioavailability and stability of active ingredients in drug formulations. As consumers become more concerned with sustainability, there is a growing demand for environmentally friendly and bio-based emulsifiers, further accelerating market growth. Lastly, the increasing applications of emulsifiers in paints, coatings, and detergents are expanding the reach of the market beyond the food and cosmetics sectors and contributing to overall demand. All these factors combined with the growth of the global economy, especially in emerging markets, are driving the sustained expansion of the emulsifiers market.

“The largest share of the emulsifiers market, by product type is that of lecithin.”

Lecithin is likely to be the largest product type segment in the emulsifier market because of its extensive usage and versatile characteristics. Lecithin is a naturally occurring phospholipid found in soybeans, sunflower seeds, and egg yolks, which is one of the most effective emulsifiers that stabilizes mixtures of oil and water. Its popularity comes from its ability to perform multifunctional roles, which include texture improvement, enhanced shelf life, and making it possible to form smooth emulsions in numerous applications. In the food & beverage industry, lecithin is widely used in products such as margarine, chocolate, baked goods, and salad dressings due to its ability to improve consistency, prevent oil separation, and enhance the smoothness of formulations. The growing consumer preference for natural and plant-based ingredients has further boosted the demand for lecithin, particularly from sources like soy and sunflower, which align with clean-label and non-GMO trends.

Another great application area of lecithin is in cosmetics and personal care. Formulations are often applied using lecithin as an emulsifier and stabilizer to enhance lotions, creams, hair care formulations, etc. Its growing popularity is due to health benefits like balancing cholesterol levels in the human body and facilitating healthy functioning of the brain, resulting in functional food and dietary supplement usage. Given its versatile applications, natural origin, and health-related benefits, lecithin is expected to hold the largest share in the market for emulsifiers, going forward, with growth further accelerated by increasing demand in all these sectors-food, cosmetic, and health-related applications.

“North America is the second-fastest growing region for emulsifiers market.”

North America is expected to be the second fastest-growing region in the emulsifiers market, driven by several factors. The strong demand for processed and convenience foods in the region is a major driver. As consumers continue to seek convenience without compromising on quality, emulsifiers are essential in maintaining the texture, stability, and shelf life of packaged and ready-to-eat products. Another factor is the growth in North America of health-conscious consumers, demanding low-fat, low-calorie, and clean-label foods where emulsifiers help to maintain the quality of the final product for diet preferences. The cosmetics and personal care emulsifier market is majorly developed in North America because emulsifiers are mainly used in all kinds of skincare, hair care, and beauty care products to maintain formulation stability and feel. Sustainability in the region and demand for bio-based and natural emulsifiers are pushing it towards environmentally friendly ingredients to match up with the customer’s request to come up with products that appear green and clean label. Another important factor is the well-developed pharmaceutical industry in North America, which is continuously growing. Emulsifiers are crucial for enhancing the bioavailability and stability of active pharmaceutical ingredients in drug formulations. The industrial base in this region is strong, especially in paints, coatings, and lubricants, which in turn increases the demand for emulsifiers.

乳化剤市場 - 2029年までの世界予測 region
emulsifier-market-Region

Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and the information gathered through secondary research.

The break-up of primary interviews is given below:

  • By Department: Tier 1: 40%, Tier 2: 25%, and Tier 3: 35%
  • By Designation: C Level: 35%, Director Level: 30%, and Executives: 35%
  • By Region: North America: 25%, Europe: 45%, Asia Pacific: 20%, South America: 5%, Middle East & Africa 5%

BASF SE (Germany), Archer Daniels Midland (ADM) (US), Cargill, Incorporated (US), Evonik Industries AG (Germany), Kerry Group plc (Republic of Ireland), Solvay (Belgium), Royal DSM (Netherlands), International Flavors & Fragrances Inc. IFF (US), Corbion (Netherlands), DOW (US), Nouryon (Netherlands), and CLARIANT (Switzerland) among others are some of the key players in the emulsifiers market.

乳化剤市場 - 2029年までの世界予測 ecosystem
emulsifier-market-Ecosystem

The study includes an in-depth competitive analysis of these key players in the authentication and brand protection market, with their company profiles, recent developments, and key market strategies.

Research Coverage

The market study covers the emulsifiers market across various segments. It aims to estimate the market size and the growth potential of this market across different segments based on source, product type, application, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the emulsifiers market.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall flexible emulsifiers market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increasing demand for processed food and beverages, Rising awareness of health and wellness, Growth of cosmetics & personal care industry), restraints (Stringent regulations regarding manufacturing and supply of certain emulsifiers, Availability of alternative ingredients), opportunities (Growing demand for plant-based emulsifiers, Urbanization and growth of food & beverages sector in emerging economies), challenges (Sourcing of raw materials).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the emulsifiers market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the emulsifiers market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the emulsifiers market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like BASF SE (Germany), Archer Daniels Midland (ADM) (US), Cargill, Incorporated (US), Evonik Industries AG (Germany), Kerry Group plc (Republic of Ireland), Solvay (Belgium), Royal DSM (Netherlands), International Flavors & Fragrances Inc. IFF (US), Corbion (Netherlands), DOW (US), Nouryon (Netherlands), and CLARIANT (Switzerland) among others are the top manufacturers covered in the emulsifiers market.

Table of Contents

1               INTRODUCTION              25

1.1           STUDY OBJECTIVES       25

1.2           MARKET DEFINITION   25

1.3           STUDY SCOPE   26

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      26

1.3.2        INCLUSIONS AND EXCLUSIONS 27

1.3.3        YEARS CONSIDERED      28

1.4           CURRENCY CONSIDERED            29

1.5           UNIT CONSIDERED        29

1.6           STAKEHOLDERS               29

1.7           SUMMARY OF CHANGES               29

2               RESEARCH METHODOLOGY       30

2.1           RESEARCH DATA              30

2.1.1        SECONDARY DATA          31

2.1.1.1    List of major secondary sources         31

2.1.1.2    Key data from secondary sources       31

2.1.2        PRIMARY DATA 32

2.1.2.1    List of primary respondents                32

2.1.2.2    Key data from primary sources           33

2.1.2.3    Key industry insights           33

2.1.2.4    Breakdown of primary interviews      34

2.2           MARKET SIZE ESTIMATION         35

2.2.1        BOTTOM-UP APPROACH              35

2.2.2        TOP-DOWN APPROACH                36

2.3           DATA TRIANGULATION                36

2.4           RESEARCH ASSUMPTIONS           38

2.5           GROWTH RATE ASSUMPTIONS/FORECAST         38

2.5.1        SUPPLY SIDE     39

2.5.2        DEMAND SIDE  39

2.6           RISK ASSESSMENT           39

2.7           RESEARCH LIMITATIONS             39

3               EXECUTIVE SUMMARY  40

4               PREMIUM INSIGHTS       44

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN EMULSIFIERS MARKET  44

4.2           EMULSIFIERS MARKET, BY SOURCE         44

4.3           EMULSIFIERS MARKET, BY PRODUCT TYPE         45

4.4           EMULSIFIERS MARKET, BY APPLICATION             45

4.5           EMULSIFIERS MARKET, BY KEY COUNTRY            46

5               MARKET OVERVIEW       47

5.1           INTRODUCTION              47

5.2           MARKET DYNAMICS       47

5.2.1        DRIVERS               48

5.2.1.1    Increasing applications of emulsifiers in food & beverage industry                 48

5.2.1.2    Growing awareness regarding health and wellness among

general population                48

5.2.1.3    Rapid urbanization and changing lifestyles      48

5.2.2        RESTRAINTS      49

5.2.2.1    High extraction costs associated with bio-based emulsifiers                 49

5.2.2.2    Stringent regulatory challenges          49

5.2.2.3    Volatile raw material prices 49

5.2.3        OPPORTUNITIES              50

5.2.3.1    Expanding cosmetics & personal care industry                50

5.2.3.2    Growing adoption of emulsifiers in emerging economies                 50

5.2.4        CHALLENGES    50

5.2.4.1    High cost of natural emulsifiers         50

5.2.4.2    Availability of substitutes    51

6               INDUSTRY TRENDS         52

6.1           PORTER’S FIVE FORCES ANALYSIS           52

6.1.1        THREAT OF SUBSTITUTES          53

6.1.2        BARGAINING POWER OF BUYERS             53

6.1.3        THREAT OF NEW ENTRANTS      53

6.1.4        BARGAINING POWER OF SUPPLIERS       53

6.1.5        INTENSITY OF COMPETITIVE RIVALRY 53

6.2           KEY STAKEHOLDERS AND BUYING CRITERIA     54

6.2.1        KEY STAKEHOLDERS IN BUYING PROCESS           54

6.2.2        BUYING CRITERIA           54

6.3           MACROECONOMIC INDICATORS              55

6.3.1        GLOBAL GDP TRENDS  55

6.4           VALUE CHAIN ANALYSIS               57

6.5           RAW MATERIAL ANALYSIS           58

6.5.1        VEGETABLE OILS             58

6.5.2        ANIMAL FATS    58

6.5.3        POLYMERS          58

6.5.4        GLYCERIN           59

6.6           ECOSYSTEM MAPPING  59

6.7           CASE STUDY ANALYSIS 60

6.7.1        ASSOCIATION BETWEEN EMULSIFIER INTAKE AND CANCER RISK: INSIGHTS FROM NUTRINET-SANTÉ COHORT STUDY  60

6.7.2        OPTIMIZATION OF EMULSIFIER PERFORMANCE FOR INDONESIAN EXPLOSIVES MARKET         61

6.7.3        DEVELOPMENT OF REACH-COMPLIANT PH-RESPONSIVE EMULSIFICATION ADDITIVE FOR ENHANCED ACID STIMULATION       61

6.8           REGULATORY LANDSCAPE         62

6.8.1        REGULATIONS  62

6.8.1.1    Europe   62

6.8.1.2    Asia Pacific            63

6.8.1.3    North America      64

6.8.2        REGULATORY BODIES, GOVERNMENT ORGANIZATIONS,

AND OTHER AGENCIES 65

6.9           TECHNOLOGY ANALYSIS             67

6.9.1        KEY TECHNOLOGIES     67

6.9.1.1    Nanotechnology-enhanced sensors   67

6.9.1.2    High-performance liquid chromatography (HPLC)       67

6.9.2        COMPLEMENTARY TECHNOLOGIES       68

6.9.2.1    Portable analytical devices  68

6.9.3        ADJACENT TECHNOLOGIES       68

6.9.3.1    Artificial intelligence (AI) and data analysis    68

6.10         IMPACT OF AI/GEN AI ON EMULSIFIERS MARKET                 68

6.10.1      TRANSFORMATION OF CHROMATOGRAPHIC ANALYSIS

IN EMULSIFIERS WITH GEN AI   68

6.10.2      IMPACT OF AI/GEN AI ON FOOD & BEVERAGE INDUSTRY           69

6.10.3      IMPACT OF AI ON PHARMACEUTICAL INDUSTRY                 69

6.11         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            69

6.12         TRADE ANALYSIS             70

6.12.1      EXPORT SCENARIO (HS CODE 210690)    70

6.12.2      IMPORT SCENARIO (HS CODE 210690)    71

6.13         KEY CONFERENCES AND EVENTS, 2024–2026        72

6.14         PRICING ANALYSIS          73

6.14.1      AVERAGE SELLING PRICE TREND, BY REGION, 2021–2024                 74

6.14.2      INDICATIVE PRICING ANALYSIS, BY SOURCE, 2023                 74

6.14.3      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION, 2023         75

6.15         INVESTMENT AND FUNDING SCENARIO               75

6.16         PATENT ANALYSIS          76

6.16.1      APPROACH         76

6.16.2      DOCUMENT TYPE           76

6.16.3      INSIGHTS            77

6.16.4      LEGAL STATUS OF PATENTS      77

6.16.5      JURISDICTION ANALYSIS              78

6.16.6      TOP COMPANIES/APPLICANTS 78

6.16.7      TOP 10 PATENT OWNERS (US) LAST 10 YEARS   80

7               EMULSIFIERS MARKET, BY SOURCE         81

7.1           INTRODUCTION              82

7.2           BIO-BASED EMULSIFIERS             83

7.2.1        GROWING CONSUMER PREFERENCE FOR CLEAN LABEL PRODUCTS

TO DRIVE MARKET         83

7.2.1.1    Plant-based emulsifiers       84

7.2.1.2    Animal-based emulsifiers    84

7.3           SYNTHETIC EMULSIFIERS            85

7.3.1        CONSISTENCY AND RELIABILITY ASSOCIATED WITH SYNTHETIC

EMULSIFIERS TO DRIVE DEMAND            85

7.3.1.1    Mono- and di-glycerides & derivatives              85

7.3.1.1.1 Distilled mono-glycerides   86

7.3.1.1.2 Ethoxylated mono- and di-glycerides                86

7.3.1.1.3 Mono- and di-glyceride esters            86

7.3.1.2    Sorbitan esters      87

7.3.1.3    Stearoyl lactylates 87

7.3.1.4    Polyglycerol esters                87

7.3.1.5    Other synthetic emulsifiers 88

7.3.1.5.1 Polyglycerol polyricinoleate (PGPR)                 88

7.3.1.5.2 Polyethylene glycol (PEG) 88

7.3.1.5.3 Propylene glycol monoester (PGME)               88

7.3.1.5.4 Carbomers             88

7.3.1.5.5 Diacetyl tartaric acid esters of mono- and di-glycerides (DATEM)              89

7.3.1.5.6 Stearyl alcohol NF                89

7.3.1.5.7 Cetyl alcohol          89

7.3.1.5.8 PEG-20 stearate   89

8               EMULSIFIERS MARKET, BY PRODUCT TYPE         90

8.1           INTRODUCTION              91

8.2           LECITHIN            93

8.2.1        USE IN COSMETICS & PERSONAL CARE AND PHARMACEUTICAL

INDUSTRIES TO DRIVE MARKET               93

8.3           IONIC EMULSIFIERS       93

8.3.1        WIDE USE IN PERSONAL CARE AND CLEANING PRODUCTS

TO PROPEL MARKET      93

8.3.1.1    Anionic emulsifiers               93

8.3.1.2    Cationic emulsifiers              93

8.4           CHEMICAL COMPOSITION          94

8.4.1        EXCELLENT EMULSIFICATION EFFICIENCY, THERMAL STABILITY, AND COMPATIBILITY WITH OTHER INGREDIENTS TO FUEL DEMAND          94

8.4.1.1    Fatty acid-based emulsifiers                94

8.4.1.2    Ester-based emulsifiers       94

8.4.1.3    Alcohol-based emulsifiers   94

8.5           PHYSICAL STATE              95

8.5.1        ADOPTION TO OPTIMIZE PERFORMANCE AND ENHANCE PROCESSING EFFICIENCY AND END-PRODUCT QUALITY TO DRIVE MARKET     95

8.5.1.1    Solid emulsifiers   95

8.5.1.2    Liquid emulsifiers 95

8.6           OTHER PRODUCT TYPES             96

8.6.1        PROTEIN-BASED EMULSIFIERS 96

8.6.2        POLYMER-BASED EMULSIFIERS 96

8.6.3        SILICONE-BASED EMULSIFIERS 96

9               EMULSIFIERS MARKET, BY APPLICATION             97

9.1           INTRODUCTION              98

9.2           FOOD   100

9.2.1        USE TO ENHANCE STABILITY AND QUALITY OF FOOD PRODUCTS

TO DRIVE MARKET         100

9.2.2        DAIRY   101

9.2.2.1    Fermented products             101

9.2.2.2    Dairy drinks           101

9.2.2.3    Creams   101

9.2.2.4    Chocolates             101

9.2.2.5    Desserts 102

9.2.3        BAKERY                102

9.2.3.1    Bread      102

9.2.3.2    Cakes      102

9.2.3.3    Biscuits  102

9.2.4        MEAT    103

9.2.4.1    Hot processed meat emulsions           103

9.2.4.2    Cold processed meat emulsions         103

9.2.5        OTHER FOOD APPLICATIONS   103

9.2.5.1    Cheese    103

9.2.5.2    Mayonnaise            104

9.2.5.3    Chewing gum        104

9.2.5.4    Margarine               104

9.3           COSMETICS & PERSONAL CARE 104

9.3.1        EXCELLENT FOAMING PROPERTIES TO DRIVE DEMAND                 104

9.3.2        CREAMS & LOTIONS       104

9.3.2.1    Body lotion and repellent creams      104

9.3.3        MAKEUP PRODUCTS      105

9.3.3.1    Foundation            105

9.3.3.2    Other makeup products      105

9.3.4        PERSONAL HYGIENE      105

9.3.4.1    Soaps & deodorants              105

9.4           OILFIELD CHEMICALS   105

9.4.1        ADOPTION TO OPTIMIZE OIL PRODUCTION AND ENHANCE EFFICIENCY

OF OILFIELD OPERATIONS TO PROPEL MARKET              105

9.4.2        DRILLING FLUIDS            106

9.4.3        WETTING FLUIDS            106

9.4.4        GELLING FLUIDS             107

9.5           PHARMACEUTICAL         107

9.5.1        USE TO IMPROVE SOLUBILITY OF DRUGS AND ENHANCE DRUG DELIVERY

TO DRIVE MARKET         107

9.5.2        CREAMS & GELS                107

9.5.2.1    Transdermal & topical gels 107

9.5.2.2    Wound care creams              107

9.5.2.3    Pain relief ointments            108

9.5.3        MEDICINES        108

9.5.3.1    Syrups    108

9.5.3.2    Tablets & tablet coatings     108

9.6           AGROCHEMICALS            109

9.6.1        ADOPTION TO PROTECT CROPS AND SEED COATING TO FUEL

MARKET GROWTH          109

9.6.2        SEED COATING 109

9.6.3        CROP PROTECTION       109

9.7           OTHER APPLICATIONS 110

9.7.1        OIL SPILL DISPERSANT 110

9.7.2        HOUSEHOLD & CLEANING PRODUCTS 110

9.7.3        PAINTS & POLYMERS     111

10            EMULSIFIERS MARKET, BY REGION         112

10.1         INTRODUCTION              113

10.2         NORTH AMERICA             115

10.2.1      US           120

10.2.1.1  Changing lifestyles and consumer preferences to drive market                 120

10.2.2      CANADA               121

10.2.2.1  Booming processed food industry to drive demand        121

10.2.3      MEXICO                123

10.2.3.1  Increasing food and beverage trade to fuel market growth                 123

10.3         ASIA PACIFIC     125

10.3.1      CHINA  130

10.3.1.1  Rising food trade and government initiatives related to food safety and compliance to drive market              130

10.3.2      JAPAN   132

10.3.2.1  Rising urbanization, aging population, and evolving consumer demands to drive market     132

10.3.3      SOUTH KOREA  134

10.3.3.1  Changing lifestyles and growing retail food sales to propel market                 134

10.3.4      INDIA    136

10.3.4.1  Expanding food and pharmaceutical industries to boost

market growth       136

10.3.5      AUSTRALIA         138

10.3.5.1  Rising demand from processed food industry to drive market                 138

10.3.6      REST OF ASIA PACIFIC   140

10.4         EUROPE               141

10.4.1      GERMANY           146

10.4.1.1  Increasing demand across food & beverage, pharmaceutical, cosmetics, and personal care industries to drive market                 146

10.4.2      FRANCE                149

10.4.2.1  Sustainability goals and growing demand from various

industries to drive market   149

10.4.3      UK          151

10.4.3.1  Economic growth and innovations in oil & gas and agriculture industries to fuel market growth        151

10.4.4      ITALY    153

10.4.4.1  Rising demand in retail, food, and healthcare industries to boost market growth       153

10.4.5      SPAIN    155

10.4.5.1  Growing food & beverage and cosmetic & personal care

industries to drive market   155

10.4.6      REST OF EUROPE             157

10.5         MIDDLE EAST & AFRICA                158

10.5.1      GCC COUNTRIES              162

10.5.1.1  Saudi Arabia          164

10.5.1.1.1                Booming healthcare and food packaging industries

to drive market      164

10.5.1.2  UAE        166

10.5.1.2.1                Adoption of innovative agricultural practices to

drive demand        166

10.5.1.3  Rest of GCC          168

10.5.2      SOUTH AFRICA 170

10.5.2.1  Growing food & beverage and pharmaceutical industries

to propel market   170

10.5.3      TURKEY                172

10.5.3.1  Import dependency to drive market  172

10.5.4      REST OF MIDDLE EAST & AFRICA             174

10.6         SOUTH AMERICA             175

10.6.1      BRAZIL 179

10.6.1.1  Economic growth and high food production and export

to fuel demand      179

10.6.2      ARGENTINA       181

10.6.2.1  Expanding food & beverage and meat export industries to

drive market          181

10.6.3      REST OF SOUTH AMERICA           182

11            COMPETITIVE LANDSCAPE         185

11.1         OVERVIEW          185

11.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            185

11.3         REVENUE ANALYSIS       188

11.4         MARKET SHARE ANALYSIS           190

11.5         COMPANY VALUATION AND FINANCIAL METRICS                 192

11.6         BRAND/PRODUCT COMPARISON             193

11.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 195

11.7.1      STARS   195

11.7.2      EMERGING LEADERS     195

11.7.3      PERVASIVE PLAYERS      195

11.7.4      PARTICIPANTS 195

11.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         197

11.7.5.1  Company footprint               197

11.7.5.2  Source footprint    198

11.7.5.3  Product type footprint         199

11.7.5.4  Application footprint            200

11.7.5.5  Region footprint   201

11.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        202

11.8.1      PROGRESSIVE COMPANIES         202

11.8.2      RESPONSIVE COMPANIES            202

11.8.3      DYNAMIC COMPANIES  202

11.8.4      STARTING BLOCKS         202

11.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 204

11.8.5.1  Detailed list of key startups/SMEs    204

11.8.5.2  Competitive benchmarking of key startups/SMEs          205

11.9         COMPETITIVE SCENARIO             206

11.9.1      PRODUCT LAUNCHES   206

11.9.2      DEALS  207

11.9.3      EXPANSIONS     211

12            COMPANY PROFILES      215

12.1         KEY PLAYERS     215

12.1.1      BASF SE                 215

12.1.1.1  Business overview 215

12.1.1.2  Products/Solutions/Services offered 216

12.1.1.3  Recent developments           218

12.1.1.3.1                Product launches  218

12.1.1.3.2                Deals      219

12.1.1.3.3                Expansions             220

12.1.1.4  MnM view              221

12.1.1.4.1                Key strengths/Right to win 221

12.1.1.4.2                Strategic choices   221

12.1.1.4.3                Weaknesses/Competitive threats       221

12.1.2      ARCHER DANIELS MIDLAND COMPANY                222

12.1.2.1  Business overview 222

12.1.2.2  Products/Solutions/Services offered 223

12.1.2.3  Recent developments           225

12.1.2.3.1                Deals      225

12.1.2.4  MnM view              225

12.1.2.4.1                Key strengths/Right to win 225

12.1.2.4.2                Strategic choices   225

12.1.2.4.3                Weaknesses/Competitive threat         226

12.1.3      CARGILL, INCORPORATED          227

12.1.3.1  Business overview 227

12.1.3.2  Products/Solutions/Services offered 228

12.1.3.3  Recent developments           228

12.1.3.3.1                Deals      228

12.1.3.3.2                Expansions             229

12.1.3.3.3                Others    229

12.1.3.4  MnM view              230

12.1.3.4.1                Key strengths/Right to win 230

12.1.3.4.2                Strategic choices   230

12.1.3.4.3                Weaknesses/Competitive threat         230

12.1.4      KERRY GROUP PLC          231

12.1.4.1  Business overview 231

12.1.4.2  Products/Solutions/Services offered 232

12.1.4.3  Recent developments           233

12.1.4.3.1                Product launches  233

12.1.4.3.2                Expansions             234

12.1.4.3.3                Deals      235

12.1.4.4  MnM view              235

12.1.4.4.1                Key strengths/Right to win 235

12.1.4.4.2                Strategic choices   235

12.1.4.4.3                Weaknesses/Competitive threat         236

12.1.5      EVONIK INDUSTRIES AG               237

12.1.5.1  Business overview 237

12.1.5.2  Product/Solutions/Services offered  238

12.1.5.3  Recent developments           240

12.1.5.3.1                Expansions             240

12.1.5.3.2                Deals      241

12.1.5.4  MnM view              242

12.1.5.4.1                Key strengths/Right to win 242

12.1.5.4.2                Strategic choices   242

12.1.5.4.3                Weaknesses/Competitive threat         242

12.1.6      SYENSQO             243

12.1.6.1  Business overview 243

12.1.6.2  Products/Solutions/Services offered 244

12.1.6.3  Recent developments           246

12.1.6.3.1                Product launches  246

12.1.6.3.2                Deals      246

12.1.6.4  MnM view              247

12.1.6.4.1                Key strengths/Right to win 247

12.1.6.4.2                Strategic choices   247

12.1.6.4.3                Weaknesses/Competitive threats       247

12.1.7      CLARIANT           248

12.1.7.1  Business overview 248

12.1.7.2  Products/Solutions/Services offered 249

12.1.7.3  Recent developments           251

12.1.7.3.1                Product launches  251

12.1.7.3.2                Deals      252

12.1.7.3.3                Others    252

12.1.7.4  MnM view              252

12.1.7.4.1                Key strengths/Right to win 252

12.1.7.4.2                Strategic choices   253

12.1.7.4.3                Weaknesses/Competitive threats       253

12.1.8      THE DOW CHEMICAL COMPANY              254

12.1.8.1  Business overview 254

12.1.8.2  Products/Solutions/Services offered 255

12.1.8.3  Recent developments           256

12.1.8.3.1                Product launches  256

12.1.8.4  MnM view              257

12.1.8.4.1                Key Strengths/Right to win                 257

12.1.8.4.2                Strategic choices   257

12.1.8.4.3                Weaknesses/Competitive threats       257

12.1.9      DSM-FIRMENICH              258

12.1.9.1  Business overview 258

12.1.9.2  Products/Solutions/Services offered 260

12.1.9.3  Recent developments           260

12.1.9.3.1                Deals      260

12.1.9.4  MnM view              260

12.1.9.4.1                Key strengths/Right to win 260

12.1.9.4.2                Strategic choices   260

12.1.9.4.3                Weaknesses/Competitive threats       260

12.1.10   NOURYON           261

12.1.10.1                 Business overview 261

12.1.10.2                 Products/Solutions/Services offered 262

12.1.10.3                 Recent developments           262

12.1.10.3.1             Product launches  262

12.1.10.3.2             Deals      263

12.1.10.4                 MnM view              263

12.1.10.4.1             Key strengths/Right to win 263

12.1.10.4.2             Strategic choices   263

12.1.10.4.3             Weaknesses/Competitive threats       263

12.2         OTHER PLAYERS              264

12.2.1      KRATON CORPORATION              264

12.2.2      VANTAGE SPECIALTY CHEMICALS, INC.                265

12.2.3      OLEON NV          266

12.2.4      PALSGAARD       267

12.2.5      ESTELLE CHEMICALS PVT. LTD.                268

12.2.6      STEPAN COMPANY         269

12.2.7      CRODA INTERNATIONAL PLC    270

12.2.8      KAO CORPORATION       271

12.2.9      THE LUBRIZOL CORPORATION 272

12.2.10   NIKKO CHEMICALS CO., LTD.    273

12.2.11   PURATOS             274

12.2.12   SPARTAN CHEMICAL COMPANY, INC     275

12.2.13   LASENOR EMUL, S.L.      276

12.2.14   GIVAUDAN         277

12.2.15   INGREDION       278

13            APPENDIX           279

13.1         DISCUSSION GUIDE        279

13.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                282

13.3         CUSTOMIZATION OPTIONS        284

13.4         RELATED REPORTS         284

13.5         AUTHOR DETAILS           285

LIST OF TABLES

TABLE 1                EMULSIFIERS MARKET: INCLUSIONS AND EXCLUSIONS      27

TABLE 2                EMULSIFIERS MARKET: PORTER’S FIVE FORCES ANALYSIS            52

TABLE 3                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%)                 54

TABLE 4                KEY BUYING CRITERIA, BY APPLICATION                 55

TABLE 5                PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE),

KEY COUNTRY, 2021–2029 (%)     56

TABLE 6                ROLES OF COMPANIES IN EMULSIFIERS ECOSYSTEM       60

TABLE 7                EUROPE: REGULATORY BODIES, GOVERNMENT ORGANIZATIONS,

AND OTHER AGENCIES 65

TABLE 8                NORTH AMERICA: REGULATORY BODIES, GOVERNMENT ORGANIZATIONS,

AND OTHER AGENCIES 66

TABLE 9                ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT ORGANIZATIONS,

AND OTHER AGENCIES 66

TABLE 10              ROW: REGULATORY BODIES, GOVERNMENT ORGANIZATIONS,

AND OTHER AGENCIES 66

TABLE 11              EXPORT DATA FOR HS CODE 210690-COMPLIANT PRODUCTS,

BY COUNTRY, 2019–2023 (USD THOUSAND)         71

TABLE 12              IMPORT DATA FOR HS CODE 210690-COMPLIANT PRODUCTS,

BY COUNTRY, 2019–2023 (USD THOUSAND)         72

TABLE 13              EMULSIFIERS MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2026                 72

TABLE 14              AVERAGE SELLING PRICE TREND OF EMULSIFIERS, BY REGION,

2021–2024 (USD/KG)        74

TABLE 15              INDICATIVE PRICING ANALYSIS OF EMULSIFIERS, BY SOURCE, 2023 (USD/KG)           74

TABLE 16              INDICATIVE PRICING TREND OF EMULSIFIERS OFFERED

BY KEY PLAYERS, 2023 (USD/KG)               75

TABLE 17              EMULSIFIERS MARKET: TOTAL NUMBER OF PATENTS, 2013–2023        77

TABLE 18              PATENTS BY BASF SE, 2022–2023                 79

TABLE 19              EMULSIFIERS MARKET: TOP 10 PATENT OWNERS, 2013–2023         80

TABLE 20              EMULSIFIERS MARKET, BY SOURCE, 2021–2023 (USD MILLION) 82

TABLE 21              EMULSIFIERS MARKET, BY SOURCE, 2024–2029 (USD MILLION) 82

TABLE 22              EMULSIFIERS MARKET, BY SOURCE, 2021–2023 (KILOTON)         83

TABLE 23              EMULSIFIERS MARKET, BY SOURCE, 2024–2029 (KILOTON)         83

TABLE 24              EMULSIFIERS MARKET, BY PRODUCT TYPE, 2021–2023 (USD MILLION)            91

TABLE 25              EMULSIFIERS MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)            92

TABLE 26              EMULSIFIERS MARKET, BY PRODUCT TYPE, 2021–2023 (KILOTON)     92

TABLE 27              EMULSIFIERS MARKET, BY PRODUCT TYPE, 2024–2029 (KILOTON)     92

TABLE 28              EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)       98

TABLE 29              EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)       99

TABLE 30              EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)                99

TABLE 31              EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)                99

TABLE 32              EMULSIFIERS MARKET, BY REGION, 2021–2023 (USD MILLION) 114

TABLE 33              EMULSIFIERS MARKET, BY REGION, 2024–2029 (USD MILLION) 114

TABLE 34              EMULSIFIERS MARKET, BY REGION, 2021–2023 (KILOTON)         114

TABLE 35              EMULSIFIERS MARKET, BY REGION, 2024–2029 (KILOTON)         115

TABLE 36              NORTH AMERICA: EMULSIFIERS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            116

TABLE 37              NORTH AMERICA: EMULSIFIERS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            117

TABLE 38              NORTH AMERICA: EMULSIFIERS MARKET, BY COUNTRY, 2021–2023 (KILOTON)              117

TABLE 39              NORTH AMERICA: EMULSIFIERS MARKET, BY COUNTRY, 2024–2029 (KILOTON)              117

TABLE 40              NORTH AMERICA: EMULSIFIERS MARKET, BY SOURCE, 2021–2023 (USD MILLION)         117

TABLE 41              NORTH AMERICA: EMULSIFIERS MARKET, BY SOURCE, 2024–2029 (USD MILLION)         118

TABLE 42              NORTH AMERICA: EMULSIFIERS MARKET, BY SOURCE, 2021–2023 (KILOTON) 118

TABLE 43              NORTH AMERICA: EMULSIFIERS MARKET, BY SOURCE, 2024–2029 (KILOTON) 118

TABLE 44              NORTH AMERICA: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            118

TABLE 45              NORTH AMERICA: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            119

TABLE 46              NORTH AMERICA: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (KILOTON)     119

TABLE 47              NORTH AMERICA: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (KILOTON)     119

TABLE 48              US: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            120

TABLE 49              US: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            120

TABLE 50              US: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)     121

TABLE 51              US: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     121

TABLE 52              CANADA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              122

TABLE 53              CANADA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              122

TABLE 54              CANADA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      122

TABLE 55              CANADA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      123

TABLE 56              MEXICO: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              124

TABLE 57              MEXICO: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              124

TABLE 58              MEXICO: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      124

TABLE 59              MEXICO: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      125

TABLE 60              ASIA PACIFIC: EMULSIFIERS MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     126

TABLE 61              ASIA PACIFIC: EMULSIFIERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     127

TABLE 62              ASIA PACIFIC: EMULSIFIERS MARKET, BY COUNTRY, 2021–2023 (KILOTON)              127

TABLE 63              ASIA PACIFIC: EMULSIFIERS MARKET, BY COUNTRY, 2024–2029 (KILOTON)              127

TABLE 64              ASIA PACIFIC: EMULSIFIERS MARKET, BY SOURCE, 2021–2023 (USD MILLION)         128

TABLE 65              ASIA PACIFIC: EMULSIFIERS MARKET, BY SOURCE, 2024–2029 (USD MILLION)         128

TABLE 66              ASIA PACIFIC: EMULSIFIERS MARKET, BY SOURCE, 2021–2023 (KILOTON) 128

TABLE 67              ASIA PACIFIC: EMULSIFIERS MARKET, BY SOURCE, 2024–2029 (KILOTON) 128

TABLE 68              ASIA PACIFIC: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            129

TABLE 69              ASIA PACIFIC: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            129

TABLE 70              ASIA PACIFIC: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      129

TABLE 71              ASIA PACIFIC: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      130

TABLE 72              CHINA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              131

TABLE 73              CHINA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              131

TABLE 74              CHINA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      131

TABLE 75              CHINA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      132

TABLE 76              JAPAN: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              133

TABLE 77              JAPAN: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              133

TABLE 78              JAPAN: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      133

TABLE 79              JAPAN: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      134

TABLE 80              SOUTH KOREA: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            135

TABLE 81              SOUTH KOREA: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            135

TABLE 82              SOUTH KOREA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      135

TABLE 83              SOUTH KOREA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      136

TABLE 84             INDIA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            137

TABLE 85             INDIA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            137

TABLE 86             INDIA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)     137

TABLE 87             INDIA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     138

TABLE 88              AUSTRALIA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              138

TABLE 89              AUSTRALIA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              139

TABLE 90              AUSTRALIA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      139

TABLE 91              AUSTRALIA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      139

TABLE 92              REST OF ASIA PACIFIC: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            140

TABLE 93              REST OF ASIA PACIFIC: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            140

TABLE 94              REST OF ASIA PACIFIC: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (KILOTON)     141

TABLE 95              REST OF ASIA PACIFIC: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (KILOTON)     141

TABLE 96              EUROPE: EMULSIFIERS MARKET, BY COUNTRY, 2021–2023 (USD MILLION)            143

TABLE 97              EUROPE: EMULSIFIERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)            143

TABLE 98              EUROPE: EMULSIFIERS MARKET, BY COUNTRY, 2021–2023 (KILOTON)     143

TABLE 99              EUROPE: EMULSIFIERS MARKET, BY COUNTRY, 2024–2029 (KILOTON)     144

TABLE 100            EUROPE: EMULSIFIERS MARKET, BY SOURCE, 2021–2023 (USD MILLION)            144

TABLE 101            EUROPE: EMULSIFIERS MARKET, BY SOURCE, 2024–2029 (USD MILLION)            144

TABLE 102            EUROPE: EMULSIFIERS MARKET, BY SOURCE, 2021–2023 (KILOTON)     144

TABLE 103            EUROPE: EMULSIFIERS MARKET, BY SOURCE, 2024–2029 (KILOTON)     145

TABLE 104            EUROPE: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              145

TABLE 105            EUROPE: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              145

TABLE 106            EUROPE: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      146

TABLE 107            EUROPE: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      146

TABLE 108            GERMANY: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              147

TABLE 109            GERMANY: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              148

TABLE 110            GERMANY: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      148

TABLE 111            GERMANY: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      148

TABLE 112            FRANCE: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              149

TABLE 113            FRANCE: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              150

TABLE 114            FRANCE: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      150

TABLE 115            FRANCE: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      150

TABLE 116            UK: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            151

TABLE 117            UK: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            152

TABLE 118            UK: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)     152

TABLE 119            UK: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     152

TABLE 120          ITALY: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            153

TABLE 121          ITALY: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            154

TABLE 122          ITALY: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)     154

TABLE 123          ITALY: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     154

TABLE 124          SPAIN: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            155

TABLE 125          SPAIN: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            156

TABLE 126          SPAIN: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)     156

TABLE 127          SPAIN: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     156

TABLE 128            REST OF EUROPE: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            157

TABLE 129            REST OF EUROPE: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            157

TABLE 130            REST OF EUROPE: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (KILOTON)     157

TABLE 131            REST OF EUROPE: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (KILOTON)     158

TABLE 132            MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            159

TABLE 133            MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            159

TABLE 134            MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY COUNTRY,

2021–2023 (KILOTON)     159

TABLE 135            MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY COUNTRY,

2024–2029 (KILOTON)     160

TABLE 136            MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY SOURCE,

2021–2023 (USD MILLION)            160

TABLE 137            MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY SOURCE,

2024–2029 (USD MILLION)            160

TABLE 138            MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY SOURCE,

2021–2023 (KILOTON)     160

TABLE 139            MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY SOURCE,

2024–2029 (KILOTON)     161

TABLE 140            MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            161

TABLE 141            MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            161

TABLE 142            MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (KILOTON)     162

TABLE 143            MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (KILOTON)     162

TABLE 144            GCC: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            163

TABLE 145            GCC: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            163

TABLE 146            GCC: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)     164

TABLE 147            GCC: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     164

TABLE 148            SAUDI ARABIA: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            165

TABLE 149            SAUDI ARABIA: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            165

TABLE 150            SAUDI ARABIA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      166

TABLE 151            SAUDI ARABIA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      166

TABLE 152            UAE: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            167

TABLE 153            UAE: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            167

TABLE 154            UAE: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)     168

TABLE 155            UAE: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     168

TABLE 156            REST OF GCC: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            169

TABLE 157            REST OF GCC: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            169

TABLE 158            REST OF GCC: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      169

TABLE 159            REST OF GCC: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      170

TABLE 160            SOUTH AFRICA: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            171

TABLE 161            SOUTH AFRICA: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            171

TABLE 162            SOUTH AFRICA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      171

TABLE 163            SOUTH AFRICA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      172

TABLE 164            TURKEY: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              172

TABLE 165            TURKEY: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              173

TABLE 166            TURKEY: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      173

TABLE 167            TURKEY: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      173

TABLE 168            REST OF MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            174

TABLE 169            REST OF MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            174

TABLE 170            REST OF MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (KILOTON)     175

TABLE 171            REST OF MIDDLE EAST & AFRICA: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (KILOTON)     175

TABLE 172            SOUTH AMERICA: EMULSIFIERS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            176

TABLE 173            SOUTH AMERICA: EMULSIFIERS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            176

TABLE 174            SOUTH AMERICA: EMULSIFIERS MARKET, BY COUNTRY, 2021–2023 (KILOTON)              176

TABLE 175            SOUTH AMERICA: EMULSIFIERS MARKET, BY COUNTRY, 2024–2029 (KILOTON)              176

TABLE 176            SOUTH AMERICA: EMULSIFIERS MARKET, BY SOURCE, 2021–2023 (USD MILLION)         177

TABLE 177            SOUTH AMERICA: EMULSIFIERS MARKET, BY SOURCE, 2024–2029 (USD MILLION)         177

TABLE 178            SOUTH AMERICA: EMULSIFIERS MARKET, BY SOURCE, 2021–2023 (KILOTON) 177

TABLE 179            SOUTH AMERICA: EMULSIFIERS MARKET, BY SOURCE, 2024–2029 (KILOTON) 177

TABLE 180            SOUTH AMERICA: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            177

TABLE 181            SOUTH AMERICA: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            178

TABLE 182            SOUTH AMERICA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      178

TABLE 183            SOUTH AMERICA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      178

TABLE 184            BRAZIL: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              179

TABLE 185            BRAZIL: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              180

TABLE 186            BRAZIL: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      180

TABLE 187            BRAZIL: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      180

TABLE 188            ARGENTINA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              181

TABLE 189            ARGENTINA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              181

TABLE 190            ARGENTINA: EMULSIFIERS MARKET, BY APPLICATION, 2021–2023 (KILOTON)      182

TABLE 191            ARGENTINA: EMULSIFIERS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      182

TABLE 192            REST OF SOUTH AMERICA: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            183

TABLE 193            REST OF SOUTH AMERICA: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            183

TABLE 194            REST OF SOUTH AMERICA: EMULSIFIERS MARKET, BY APPLICATION,

2021–2023 (KILOTON)     183

TABLE 195            REST OF SOUTH AMERICA: EMULSIFIERS MARKET, BY APPLICATION,

2024–2029 (KILOTON)     184

TABLE 196            EMULSIFIERS MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED

BY MAJOR PLAYERS, 2021–2024   185

TABLE 197            EMULSIFIERS MARKET: DEGREE OF COMPETITION, 2023       190

TABLE 198            EMULSIFIERS MARKET: SOURCE FOOTPRINT                 198

TABLE 199            EMULSIFIERS MARKET: PRODUCT TYPE FOOTPRINT       199

TABLE 200            EMULSIFIERS MARKET: APPLICATION FOOTPRINT       200

TABLE 201            EMULSIFIERS MARKET: REGION FOOTPRINT                 201

TABLE 202            EMULSIFIERS MARKET: DETAILED LIST OF KEY STARTUPS/SMES              204

TABLE 203            EMULSIFIERS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          205

TABLE 204            EMULSIFIERS MARKET: PRODUCT LAUNCHES, JANUARY 2021–NOVEMBER 2024                 206

TABLE 205            EMULSIFIERS MARKET: DEALS, JANUARY 2021–NOVEMBER 2024               207

TABLE 206            EMULSIFIERS MARKET: EXPANSIONS, JANUARY 2021–NOVEMBER 2024    211

TABLE 207            BASF SE: COMPANY OVERVIEW 215

TABLE 208            BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             216

TABLE 209            BASF SE: PRODUCT LAUNCHES 218

TABLE 210            BASF SE: DEALS 219

TABLE 211            BASF SE: EXPANSIONS   220

TABLE 212            ARCHER DANIELS MIDLAND COMPANY: COMPANY OVERVIEW   222

TABLE 213            ARCHER DANIELS MIDLAND COMPANY: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        223

TABLE 214            ARCHER DANIELS MIDLAND COMPANY: DEALS                 225

TABLE 215            CARGILL, INCORPORATED: COMPANY OVERVIEW          227

TABLE 216            CARGILL, INCORPORATED.: PRODUCT/SOLUTIONS/SERVICES OFFERED      228

TABLE 217            CARGILL, INCORPORATED: DEALS          228

TABLE 218            CARGILL, INCORPORATED: EXPANSIONS                 229

TABLE 219            CARGILL, INCORPORATED: OTHERS      229

TABLE 220            KERRY GROUP PLC: COMPANY OVERVIEW                 231

TABLE 221            KERRY GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    232

TABLE 222            KERRY GROUP PLC: PRODUCT LAUNCHES                 233

TABLE 223            KERRY GROUP PLC: EXPANSIONS             234

TABLE 224            KERRY GROUP PLC: DEALS          235

TABLE 225            EVONIK INDUSTRIES AG: COMPANY OVERVIEW                 237

TABLE 226            EVONIK INDUSTRIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    238

TABLE 227            EVONIK INDUSTRIES AG: EXPANSIONS 240

TABLE 228            EVONIK INDUSTRIES AG: DEALS               241

TABLE 229            SYENSQO: COMPANY OVERVIEW              243

TABLE 230            SYENSQO: PRODUCTS/SOLUTIONS/SERVICES OFFERED             244

TABLE 231            SYENSQO: PRODUCT LAUNCHES              246

TABLE 232            SYENSQO: DEALS             246

TABLE 233            CLARIANT: COMPANY OVERVIEW            248

TABLE 234            CLARIANT: PRODUCTS/SOLUTIONS/SERVICES OFFERED             249

TABLE 235            CLARIANT: PRODUCT LAUNCHES            251

TABLE 236            CLARIANT: DEALS           252

TABLE 237            CLARIANT: OTHERS        252

TABLE 238            THE DOW CHEMICAL COMPANY: COMPANY OVERVIEW          254

TABLE 239            THE DOW CHEMICAL COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    255

TABLE 240            THE DOW CHEMICAL COMPANY: PRODUCT LAUNCHES          256

TABLE 241            DSM-FIRMENICH: COMPANY OVERVIEW                 258

TABLE 242            DSM-FIRMENICH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    260

TABLE 243            DSM-FIRMENICH: DEALS              260

TABLE 244            NOURYON: COMPANY OVERVIEW           261

TABLE 245            NOURYON: PRODUCTS/SOLUTIONS/SERVICES OFFERED             262

TABLE 246            NOURYON: PRODUCT LAUNCHES            262

TABLE 247            NOURYON: DEALS           263

TABLE 248            KRATON CORPORATION: COMPANY OVERVIEW                 264

TABLE 249            VANTAGE SPECIALTY CHEMICALS, INC.: COMPANY OVERVIEW   265

TABLE 250            OLEON NV: COMPANY OVERVIEW           266

TABLE 251            PALSGAARD: COMPANY OVERVIEW        267

TABLE 252            ESTELLE CHEMICALS PVT. LTD.: COMPANY OVERVIEW          268

TABLE 253            STEPAN COMPANY: COMPANY OVERVIEW                 269

TABLE 254            CRODA INTERNATIONAL PLC: COMPANY OVERVIEW          270

TABLE 255            KAO CORPORATION: COMPANY OVERVIEW                 271

TABLE 256            THE LUBRIZOL CORPORATION: COMPANY OVERVIEW          272

TABLE 257            NIKKO CHEMICALS CO., LTD.: COMPANY OVERVIEW          273

TABLE 258            PURATOS: COMPANY OVERVIEW             274

TABLE 259            SPARTAN CHEMICAL COMPANY, INC: COMPANY OVERVIEW   275

TABLE 260            LASENOR EMUL, S.L.: COMPANY OVERVIEW                 276

TABLE 261            GIVAUDAN: COMPANY OVERVIEW          277

TABLE 262            INGREDION: COMPANY OVERVIEW        278

LIST OF FIGURES

FIGURE 1              EMULSIFIERS MARKET: SEGMENTATION AND REGIONAL SCOPE            26

FIGURE 2              EMULSIFIERS MARKET: RESEARCH DESIGN                 30

FIGURE 3              EMULSIFIERS MARKET: BOTTOM-UP APPROACH         35

FIGURE 4              EMULSIFIERS MARKET: TOP-DOWN APPROACH                 36

FIGURE 5              EMULSIFIERS MARKET: DATA TRIANGULATION                 37

FIGURE 6              SYNTHETIC SEGMENT TO HOLD HIGHER MARKET SHARE IN 2024 41

FIGURE 7              LECITHIN SEGMENT TO ACCOUNT FOR HIGHEST MARKET SHARE IN 2029             41

FIGURE 8              FOOD SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029 42

FIGURE 9              ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD    42

FIGURE 10            INCREASING DEMAND FROM FOOD AND COSMETICS & PERSONAL CARE INDUSTRIES TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS     44

FIGURE 11            BIO-BASED SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD          44

FIGURE 12            LECITHIN SEGMENT TO HOLD LARGEST SHARE OF EMULSIFIERS MARKET IN 2029             45

FIGURE 13            FOOD SEGMENT TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD  45

FIGURE 14            INDIA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD         46

FIGURE 15            EMULSIFIERS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          47

FIGURE 16            EMULSIFIERS MARKET: PORTER’S FIVE FORCES ANALYSIS            52

FIGURE 17            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION        54

FIGURE 18            KEY BUYING CRITERIA, BY APPLICATION                 55

FIGURE 19            EMULSIFIERS MARKET: VALUE CHAIN ANALYSIS                 57

FIGURE 20            EMULSIFIERS MARKET: ECOSYSTEM MAPPING                 59

FIGURE 21            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   70

FIGURE 22            EXPORT DATA RELATED TO HS CODE 210690-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2019–2023 (USD THOUSAND)                70

FIGURE 23            IMPORT DATA RELATED TO HS CODE 210690-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2019–2023 (USD THOUSAND)                71

FIGURE 24            AVERAGE SELLING PRICE TREND OF EMULSIFIERS, BY REGION,

2021–2024 (USD/KG)        74

FIGURE 25            AVERAGE SELLING PRICE TREND OF EMULSIFIERS OFFERED

BY KEY PLAYERS, BY APPLICATION, 2023 (USD/KG)         75

FIGURE 26            EMULSIFIERS MARKET: INVESTMENT AND FUNDING SCENARIO,

2019–2023 (USD MILLION)            76

FIGURE 27            TOTAL NUMBER OF PATENTS RELATED TO EMULSIFIERS, 2013–2023                 77

FIGURE 28            EMULSIFIERS MARKET: PATENT ANALYSIS, BY LEGAL STATUS, 2013–2023            77

FIGURE 29            EMULSIFIERS MARKET: TOP JURISDICTION, BY DOCUMENT, 2013–2023  78

FIGURE 30            TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF

PATENTS RELATED TO EMULSIFIERS, 2013–2023                79

FIGURE 31            SYNTHETIC SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2024               82

FIGURE 32            LECITHIN SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 91

FIGURE 33            FOOD SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024   98

FIGURE 34            INDIA TO BE FASTEST-GROWING MARKET BETWEEN 2024 AND 2029               113

FIGURE 35            NORTH AMERICA: EMULSIFIERS MARKET SNAPSHOT          116

FIGURE 36            ASIA PACIFIC: EMULSIFIERS MARKET SNAPSHOT          126

FIGURE 37            FOOD SEGMENT TO REGISTER HIGHEST CAGR IN EUROPEAN

EMULSIFIERS MARKET  142

FIGURE 38            EMULSIFIERS MARKET: TOTAL AND SEGMENTAL REVENUE ANALYSIS

OF KEY PLAYERS, 2023 (USD BILLION)   189

FIGURE 39            EMULSIFIERS MARKET: REVENUE ANALYSIS OF KEY PLAYERS,

2019–2023 (USD BILLION)             189

FIGURE 41            EMULSIFIERS MARKET: COMPANY VALUATION OF LEADING COMPANIES,

2023 (USD BILLION)        192

FIGURE 42            EMULSIFIERS MARKET: FINANCIAL METRICS OF LEADING COMPANIES, 2023         193

FIGURE 43            EMULSIFIERS MARKET: BRAND/PRODUCT COMPARISON   194

FIGURE 44            EMULSIFIERS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023         196

FIGURE 45            EMULSIFIERS MARKET: COMPANY FOOTPRINT                 197

FIGURE 46            EMULSIFIERS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 203

FIGURE 47            BASF SE: COMPANY SNAPSHOT 216

FIGURE 48            ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT   223

FIGURE 49            CARGILL, INCORPORATED: COMPANY SNAPSHOT          227

FIGURE 50            KERRY GROUP PLC: COMPANY SNAPSHOT                 232

FIGURE 51            EVONIK INDUSTRIES AG: COMPANY SNAPSHOT                 238

FIGURE 52            SYENSQO: COMPANY SNAPSHOT             244

FIGURE 53            CLARIANT: COMPANY SNAPSHOT            249

FIGURE 54            THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT          255

FIGURE 55            DSM-FIRMENICH: COMPANY SNAPSHOT                 259

FIGURE 56            NOURYON: COMPANY SNAPSHOT           261