FOOD STABILIZER MARKET ANALYSIS

Food Stabilizer MarketSize and Trends

The global food stabilizer market  was valued at US$ 9.5 Billion in 2022 and is expected to exhibit a CAGR of 6.90% and market value  is expected to reach US$ 16.2  Billion during 2023-2030.

Global Food Stabilizer Market- Driver:

Wide Application of Food Stabilizers in Dairy Products

Dairy is a highly lucrative industry due to myriad product variations including milk, cream, cheese, butter, yoghurt, ice cream, and others. High amount of nutrients and proteins act as supplementary food to regular diet, and this is expected to fuel the demand for food stabilizers market. Asia Pacific holds the dominant position in the global food stabilizer market due to the growing demand for cheese, yoghurt, and functional dairy products in the region. Moreover, Gujarat Cooperative Milk Marketing Federation (GCMMF), also known as ‘Amul’ invested US$ 733.6 million in India, to establish ten new processing plants by 2020 with a capacity of 32 million liters per day. Furthermore, various food stabilizers are used in dairy products to improve shelf-life, water retention, and are expected to boost the global food stabilizer market during 2023-2030.

Global Food Stabilizer Market Recent Development: In August 2022, BASF a chemical manufacturer has entered into a binding agreement with Lallemand Inc’s subsidiary to divest BASF Nutrilife, Nutrilife enables food suppliers to produce affordable, healthy and appealing food products while contributing to more efficient use of food sources.
On February 2022, Dupont, a chemical company in U.S. announced it has entered into a definitive agreement with Celanese Corporation to divest a majority of the mobility 7 materials segment including the Engineering Polymers Business.
On November 2022, DuPont, announced the termination of the previously announced agreement to acquire the outstanding shares of Rogers Corporation, as the companies have been unable to obtain timely clearance from all the required regulations.
On February 2022, Kerry, the world’s leading Taste and Nutrition Company, has announced that it has made two significant biotechnology acquisitions that will expand its expertise, technology portfolio and manufacturing capabilities.