Substances or additives added to food and beverages to maintain their physio-chemical structure, color, texture, and consistency are mainly referred to as food stabilizers. The market players usually provide a blend or systems of chemicals or natural additives to offer stability to food and beverages. The major challenges being faced by the market players in the food stabilizers market are the fluctuating prices of raw materials and increasing awareness among consumers regarding clean label products. In order to tackle these challenges, manufacturers of food stabilizers are focusing on their R&D activities and developing products that cater to the changing consumer preferences. In addition, prominent vendors in the food stabilizers market are expanding their production capacity and expanding customer base by opening new production plants in untapped markets. For instance, Kerry PLC. opened a new production plant in Moscow to exploit the growth opportunities present in Russia and serve the Russian customers.
BASF SE (Germany),
Ingredion Incorporated (US),
Tate & Lyle (UK),
Cargill, Incorporated (US),
Kerry Group Plc. (Ireland),
CP Kelco (US),
Archer Daniels Midland Company (US)
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The global food stabilizers market has been segregated, by application, into dairy & frozen desserts, bakery & confectionary, convenience food, meat, poultry & seafood, beverages, and others. The convenience food segment is expected to garner the largest revenue share in the global food stabilizers market due to the need for food stabilizing additives in such category of food. Food stabilizers help in maintaining the structure and appearance of convenience food by balancing its physio-chemical properties. However, the beverages segment is expected to grow at a faster pace during the forecast period owing to the increasing consumption of non-alcoholic beverages.
Based on source, the global food stabilizers market has been segmented into natural, and synthetic. The natural segment is further bifurcated into plant, seaweed, microbial, and animal. The natural segment is expected to dominate the market and is projected to grow at a higher rate during the forecast period. The segments growth can be attributed to the abundant availability of natural raw materials such as seaweeds and guar gum, especially in Asia-Pacific. In addition, the rising inclination of consumers towards natural products is also fueling the segments growth.
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Asia-Pacific is expected to be the fastest-growing market for food stabilizers during the forecast period owing to the increasing demand for dairy products and convenience food. The rising per capita disposable income and changing lifestyle of people in the region are propelling the consumers to opt for processed food products and beverages which in turn is catalyzing the growth of food stabilizers market in Asia-Pacific. In addition, the availability of abundant raw material such as seaweed and guar gum is also catalyzing the region’s growth. The major countries driving the region’s growth are India, China, and Japan.
Europe is expected to dominate the food stabilizers market during the assessment period owing to the presence of several prominent market players in the region such as Tate & Lyle PLC, Kerry Group Plc., Palsgaard, Hydrosol, and Nexira among few others. The strong hold of food processing industry in Europe is one of the major determinants that is driving the Europe food stabilizers market. Moreover, the increasing preference of consumers towards dairy and bakery products is also fueling the regional market growth.
North America is also expected to gain a significant share in the global food stabilizers market due to the increasing preferences of consumers towards packaged food. The region also houses several prominent vendors active in the global food stabilizers market, which is imparting a positive impact on the food stabilizers market in North America.
The growing economies of Middle East and Africa are driving the growth trend of food stabilizers market in RoW. In addition, convenience food is witnessing a surging demand in the Middle East which in turn is expected to boost the sales of food stabilizers in the region.
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