Market Analysis
Global Food Stabilizers Market is likely to grow at a healthy CAGR between 2020- 2023, as per the latest analysis by Market Research Future (MRFR). Food stabilizers are components or additives that are either produced naturally or synthetically. Some of its natural sources include microbes, animals, or plants. Such additives are utilized for the prolonging of packed food and products that help to preserve the ingredients as well as the product produced. Food stabilizers have wide applications in beverages, poultry and seafood, meat, convenience food, bakery and confectionery, dairy and frozen desserts, and others.
Various factors are propelling the global food stabilizers market growth. As per the latest MRFR report, such factors include burgeoning demand in various food and beverage products, increased investment in R&D, and the rising preference of consumption of convenience & processed foods,
On the contrary, instability & changes of source materials needed to manufacture food stabilizers and strict regulations about the use of specific ingredients are factors that may limit the global food stabilizers market growth over the forecast period. Besides, the grave effect of the ongoing COVID-19 outbreak is also affecting the market growth.
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Key Players
Leading players profiled in the Global Food Stabilizers Market Report include Palsgaard (Denmark), Hydrosol (Germany), BASF SE (Germany), Archer Daniels Midland Company (US), CP Kelco (US), Ashland (US), Kerry Group Plc. (Ireland), Cargill, Incorporated (US), DowDuPont (US), Nexira (France), Tate & Lyle (UK), and Ingredion Incorporated (US).
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global food stabilizers market report based on source and application.
By source, the food stabilizers market is segmented into synthetic and natural. The natural source is further segmented into animal, microbial, seaweed, and plant. Of these, the natural source segment will lead the market over the forecast period. The availability of natural raw materials like guar gum and seaweeds in abundance and consumers’ rising inclination towards natural products are adding to the growth of the segment.
By application, the Global Food Stabilizers Market has been segmented into beverages, poultry and seafood, meat, convenience food, bakery and confectionery, dairy and frozen desserts, and others. Of these, convenience food will dominate the market over the forecast period for its increasing use in such food. Food stabilizers help to maintain the appearance and structure of convenience food via balancing its physio-chemical properties. Meanwhile, the beverages segment will grow at a fast pace over the forecast period for the rising consumption of non-alcoholic beverages.
Regional Analysis
Based on the region, the global food stabilizers market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, Europe will have the lions share in the market over the forecast period. Booming food processing industry coupled with multiple food stabilizers manufacturers, are adding to the global food stabilizers market growth in the region.
The global food stabilizers market in the APAC region is predicted to grow at a fast pace over the forecast period. The presence of several developing economies such as Japan, China, & India, coupled with the use of new food processing technologies by top food processors, are adding to the global food stabilizers market growth in the region.
The global food stabilizers market in North America is predicted to have a healthy growth over the forecast period. Burgeoning demand for food stabilizers both in organic and conventional foods, growing health concerns about convenience foods, and rising awareness about the increasing food-borne diseases and how food stabilizers combats the bacteria which cause them are adding to the global food stabilizers market growth in the region.
The global food stabilizers market in the RoW is predicted to have sound growth over the forecast period.
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