by The global Food Stabilizer Market is estimated to be valued at US$ 9.5 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Food stabilizers are food additives which helps in controlling crystallization, gelation, melting, viscosity and other physical properties of food during processing and storage. It prevents separation, improves texture and quality of the food products.
Market key trends:
One of the key trends in the food stabilizer market is the shift from synthetic to clean label stabilizers. Consumers are increasingly demanding food products with simple and recognizable ingredients lists. Thus, manufacturers are focusing on incorporating clean label additives like proteins and polysaccharides instead of artificial additives. Stabilizers from natural sources such as starch, agar, gelatin, locust bean gum, guar gum, xanthan gum and pectin are gaining popularity. Also, the manufacturers are investing in research and development activities to develop advanced technologies for stabilizer production from novel sources like microalgae, seaweed, legumes etc. which have applications in various food products including bakery, dairy, confectionery and snacks. This is expected to drive the demand for food stabilizers over the forecast period.
SWOT Analysis
- Strength: Food stabilizers improve food texture, quality, and shelf life by controlling factors such as acidity, moisture, and crystallization. They help maintain the structure of foods and beverages.
- Weakness: Intense competition amongst manufacturers to develop natural and clean label food stabilizers. High R&D costs involved in developing innovative solutions.
- Opportunity: Growing demand for convenience and packaged food products worldwide due to changing lifestyles and busy schedules. Rise in the food processing industry especially in developing nations.
- Threats: Stringent international regulations regarding use of specific food stabilizers. Growing consumer preference for natural, non-GMO and clean label products poses challenges.
Key Takeaways
The global food stabilizer market is expected to witness high growth, exhibiting CAGR of 6.9% over the forecast period, due to increasing demand for packaged food products. Growth of the food processing industry especially in Asia Pacific and South America is fueling market expansion.
Regional analysis: Asia Pacific dominates the global market and is expected to continue its lead over the forecast period. Countries such as China, India, Japan and Indonesia have seen rapid urbanization and rising disposable incomes which is increasing the demand for packaged and processed food. North America is a major market driven by high health awareness among consumers.
Key players operating in the food stabilizer market are BASF SE, Cargill Inc., Celanese Corporation, Chr. Hansen A/S, DuPont, JEY’S F.I. INC, Kerry Group, Koninklijke DSM N.V, and The Archer Daniels Midland Company. Leading players are investing in new product launches and focusing on expanding their regional presence especially in developing markets through strategic partnerships and mergers.
