Emulsifier manufacturer Palsgaard A/S will invest 750 million Danish Kroner ($113 million) to more than double production capacity at its Danish facility by 2024.

Emulsifiers, which combine the fat and water elements of confectionery, offer a wide range of potential benefits.

Much of the confectionery industry is held together by emulsifiers — literally. They are the magic that combines water and fat ingredients with each other. 

The global food market for emulsifiers is set to hit $4.48 billion by 2026, according to research by Stratistics MRC.