The Global Emulsifier, Stabilizer and Thickener (EST) Market, which is estimated to grow at a CAGR of 6.7% during the forecast period 2017-2023. Emulsifier, stabilizer, and thickener (EST) are used as food additives, which helps to stabilize emulsify and thicken food products. They are primarily used as food additive agent, which gives consistent texture, taste, and mouthfeel. Many low-fat foods are dependent on stabilizers. Some of the common EST are starches, gums, pectin, agar-agar, lecithin, and others. They are widely used in various industries such as bakery and confectionery, dairy and frozen desserts, beverages, oil and fats, sweet and savory snacks, meat products, and others.
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Competitive Analysis
The major players in the EST Market:
Archer Daniels Midland Company (U.S.)
BASF SE (Germany)
Cargill Incorporated (U.S.)
DuPont Nutrition & Health (Denmark)
Market Segmentation:
Emulsifier, Stabilizer, and Thickener (EST) Market is segmented based on type, application and region.
Regional Analysis
Asia Pacific is expected to be the fastest growing market over the forecast period owing to changing lifestyle and consumption pattern in developing countries such as China and India. Moreover, Latin American, the Middle East, and African countries are projected to witness a increased demand for emulsifiers over the forecast period.
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Market Forecast
Increasing demand for processed meat and seafood is further boosting the growth of the EST market. Moreover, new processing techniques used for product development have also invariably raised the market for EST. However, few stringent laws and regulations may restrain the growth of the market over the review period. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 6.7% of EST market during the forecast period 2017-2023.
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