Mexico Food Emulsifiers Market is anticipated to grow at a CAGR of 6.5% during the forecasted period (2020-2025).
Key Highlights
- There is a growing demand for specialty food ingredients, such as emulsifiers, in various applications, due to functional properties, such as protein strengthening, starch complexing, and aerating. Additionally, with the increasing demand for high transparency on the ingredients used in consumers’ food, the market for clean-label food ingredients is expected to drive the market for food additives, such as emulsifiers.
- The growth of the emulsifiers market is driven by the increasing use of emulsifiers in food products such as cereals, infant & child nutrition products, ready-to-eat meals & snacks, desserts, and others.
- The growing demand for packaged food products on account of convenience and improved shelf life is propelling the market growth. The product demand is driven by rising health consciousness among the consumers coupled with rising disposable income in the country.
Key Market Trends
Lecithin Holds A Major Share in The Market
Lecithin is majorly sourced from the egg, soy, and sunflower. It is also used in various application areas such as food and beverage, feed, nutrition and supplements, pharmaceuticals, etc. The rising incidences of lifestyle-based health issues, such as cardiovascular diseases, obesity, osteoporosis, and diabetes, have fuelled consumers’ need for food ingredients like lecithin, owing to its various medical benefits. Lecithin improves liver and cell functioning, fat transport and metabolism, healthy reproduction and child development, and offers better treatment for gallstone. These factors can boost the sales of the lecithin market which in turn will propel the growth of the market studied.
Growing Meat Processing Sector in The Country
The country has seen a growing demand for processed meat owing to the changing consumption patterns in the country. Mexico is a large consumer market per capita consumption averages 19 kg and pig meat is consumed on a daily basis in a variety of dishes both as fresh or as processed, especially hams. Pork remains a lower-cost alternative to beef while being price competitive with poultry meat. Pork continues to gain consumer confidence as a healthy source of protein. Mexican imports are dominated by chilled bone-in hams and shoulders that account for around 75% of the total. Frozen boneless cuts account for approximate 15% and are used in further processing. Imports include mechanically deboned meat (MDM).
Competitive Landscape
Mexico food emulsifier market is dominated by international players. In order to increase the market shares, companies are focusing on developing new and innovative products, by targeting the new formulation for food emulsifiers. Moreover, companies are focusing on increasing production capacities of their existing plants, while investing in R&D activities. Thus, the market studied is expected to witness numerous product launches during the forecast period.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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