The global food stabilizers market has registered a progressive growth rate in 2016, and is expected to grow at a significant rate during the forecast period. The key factors driving the growth of food stabilizer market are rise in food borne diseases, and increasing awareness about the benefits of food stabilizer against bacteria. Additionally, the food stabilizer market growth is attributed to the emergence of organic and convenience food. Furthermore, the market is accelerated owing to the rising population in urban areas, rising disposable incomes and the rising demand for food stabilizer in the dairy and confectionary sector.
Food stabilizers are additives that are used to preserve the texture and quality of food; these include gelatin, starch, cellulose, gaur and gum. Additionally, the food stabilizers enhance and modify the appearance and also help in adding volume and mouth feel to the food products. There are various advantages of food stabilizers such as cost reduction, enhancement of volume, texture, stability and moisture retention.
Huge amount of investment is done in research and development that has led to new innovative food stabilizers that enhance cooking yield, texture, and also enhance the viscosity of water-based food products and beverages. The increasing demand for dairy products owing to higher content of nutrients and proteins, leading to higher adoption by consumers as a supplementary food to a regular diet. Asia-Pacific holds the major share due to rising demand for cheese, milk, cream, yoghurt and functional dairy products. Demand from food and beverage industries have also boosted the growth of the food stabilizer market due to population rise and economic development.
Based on revenue and volume, Asia-Pacific accounts for the major share in the food stabilizer market followed by Europe and North America. Subsequently, rapidly increasing disposable income, growing urbanization and high population growth fuels the market growth in Asia-Pacific; Europe dominates the food stabilizer market in terms of volume and value on account of support of European Food Safety Authority and government agencies.
Based on segmentation, the ready to eat segment in Asia-Pacific holds the major share, owing to rising disposable income, preference of convenience food along with rising demand for dairy products in Europe and Asia. The confectionary segment holds the second largest share in the market. Developing economies also show a change in the market due to changing lifestyle.
The key players associated with food stabilizer market are Ashland Inc, Associated British Food Plc., Kerry Inc., Cargill Inc., Glanbia Nutritionals, Archer Daniels Midland Company, Chemelco International B.V., Advanced food systems. The other players are Palsgaard, Tate and Lyle, Celanese Corporation, Chr.Hansen A/S, and Nexira , Eurogum A/S , Unipektin Ingredients AG, Holton Food Products, Deosen Biochemical LTD, and Naturex.
Global Food Stabilizers Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2023