The global food stabilizer market expected to increase at a CAGR of 4.1 percent from 2017 to 2023, reaching $10,100 million
Food Stabilizer Market Overview:
The global food stabilizer market was worth $7,580 million in 2016, and is expected to increase at a CAGR of 4.1 percent from 2017 to 2023, reaching $10,100 million. Food stabilizers are agents or chemicals that maintain the homogeneity of unblended food ingredients. It ensures homogenous dispersion by maintaining the physio-chemical state of a food. It aids in the preservation of food's colour, shape, texture, consistency, and stability.
Food stabilizers are now used in a wide range of food products, including bakery, confectionery, dairy products, beverage and convenience foods, sauce, and others. Stabilizers such as pectin, carrageenan, gelatin, agar-agar, and calcium chloride are often employed in food items. Because of the rise of convenience and organic foods, as well as the influence of westernised eating patterns, the usage of food stabilizers has increased in recent years. The market is fueled by rising disposable income, the convenience food sector's expansion, and the dairy and confectionery industry's increased demand for food stabilizers. However, the market's growth is hampered by restrictions on the use of specific stabilizer blends, strict government rules on usage and amount, and consumer preference for fresh food.
In terms of both value and volume, Europe dominates the worldwide food stabilizer market. However, due to rising population, disposable income, food choice reforms, and increased demand for convenient foods, Asia-Pacific is predicted to grow at the fastest rate from 2017 to 2023.
Top Investment Pockets in the Food Stabilizer Market
The most profitable section of the market is convenience foods, followed by sauces and dressings. Consumers are becoming more accepting of convenience foods including ready-to-eat meals, frozen meals, packaged food, and commercialised fruit juices. Furthermore, in the near future, changes in lifestyle and eating tastes are likely to increase demand for convenience foods.
Market Size for Food Stabilizers in Europe
Because of the backing of the European Food Safety Authority and other government agencies for the licencing of safe food additives and stabilisers, Europe saw the largest demand for food stabilisers. In terms of both value and volume, Germany dominated the European food stabiliser market in 2016.
Glanbia Nutritionals, E. I. DuPont de Nemours and Company, Kerry Inc., Cargill, Inc., Ashland Inc., Associated British Foods Plc., Koninklijke DSM N.V., Chemelco International B.V., Archer Daniels Midland Company, and Advanced food systems are among the important players highlighted in the research.
Palsgaard, Tate & Lyle, Celanese Corporation, Chr. Hansen A/S, and Nexira, Eurogum A/S, Unipektin Ingredients AG, Holton Food Products, Deosen Biochemical Ltd., and Naturex SA are the other prominent competitors in the industry (not detailed in the research).
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