(Entertainment-NewsWire.com, February 15, 2018 ) The Latin America Food Emulsifiers Market was worth $0.29 billion in 2016 and estimated to be growing at a CAGR of 4.80%, to reach $0.36 billion by 2021. Food emulsifiers market is considered to be one of the fastest growing segments of food additives market due to the growing trend towards reducing fat content in the processed food & beverage products.
Emulsifiers are widely used across the globe as these improve the texture, product consistency, aid in blending the ingredients well and provide good taste to the product. The significance of using emulsifiers in various food products is due to having functional properties and numerous benefits associated with its use.
The growth of the Latin America Food Emulsifiers is majorly driven by factors such as rising population and increasing consumer awareness towards trans-fat products. New processing techniques used for product development have also invariably raised the market for food emulsifiers. Rising Demand for natural emulsifiers by consumers is restraining the growth of the market.
The Latin America Food Emulsifiers market is segmented based on type, application and source. The market for Food Emulsifiers, on the basis of type, is classified into Mono-Glycerides, Di-Glycerides, Lecithin, Sorbitan Esters, and Stearoyl Lactylates & Polyglycerol Esters. On the basis of Application, the global Food Emulsifiers market is segmented into Bakery, Confectionery, Convenience & Dairy, and Meat. On the basis of Source, the global Food Emulsifiers market is segmented into Plant & Animal. Bakery application dominates the market share with more than half of the share in terms of value as well as volume.
The Latin America market is one of the fastest growing markets for Food Emulsifiers. South America is an emerging market with huge potential and strong growth rates. Brazil accounts for the largest market share in the region with more than 45% of the market and is expected to lead the market during the forecast period.
Some of the major companies dominating the market in this region are Archer Daniels Midland Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Cargill, Incorporated (U.S.), Kerry Group Plc. (Ireland), and Ingredion Incorporated (U.S.).
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