The Global Food Stabilizer Market was valued at US$ 9.5 Billion in 2022. Increasing disposable income, growing urbanization, and rising people preference towards convenience food in Asia Pacific including China, Japan, and India is expected to boost the market growth over the forecast period.
Increasing health consciousness, public awareness of food- borne diseases, and growing initiatives by various government and non-governmental organizations towards usage of food stabilizers against bacteria in North America and Europe is dominating the global food stabilizer market.
Covid-19 has negative impact on global food stabilizer market. Lockdown had imposed across the globe and due to this manufacturing units had to close for global food stabilizer market. And production of stabilizers had decreased in Covid-19 this affect the overall market and market revenue decreased.
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Confectionary is the second large segment in the global food stabilizer market, owing to rising disposable income and changing lifestyle of people. For instance, confectionaries are sugar free and has high calories, and thus, are popular among consumers. Furthermore, sugar confectionary and baker’s confectionery are sub segments of confectionary segment. Asia Pacific holds a dominant position in the global food stabilizer market and Latin America is the fastest growing region in the global food stabilizer market. Moreover, confectionery products are popular among people of all ages and the global food stabilizer market is expected to grow at a CAGR of 6.90% during 2023-2030, and thus, boost growth of the market.
Key Trends and Analysis
Rising demand for packaged food products increasing the food stabilizer sales
In developed and developing countries also people likely to use packaged food products. Consumer spend lot of money on packaged food on daily basis. In order to improve the quality and shelf life of packaged food manufacturer are increasingly using food stabilizers. Thus, rising demand for food stabilizers will increase the sale of food stabilizer.
Food product manufacturer rely on food stabilizers to improve the quality of end product and to improve the shelf life of product. Food stabilizers has demand in food manufacturer and consumers who wants to preserve their food for long time.
Key takeaways and Segmentation of the market:
- Asia Pacific is projected to be the largest market share in global food stabilizer market. It accounted for around 29.68% of overall food stabilizers market revenue in 2022. The market in this region is expected to be driven by rampant public awareness for food- borne diseases and demand for organic food. Growing demand for convenience food, and increasing number of working womenare some of the key drivers for the growth of food stabilizerin the North America.
- Middle East market is expected to register a significant growth rate over the forecast period. Rising discretionary income with increasing urbanization, and increasing adoption of convenience food are expected to create lucrative growth opportunities for the market players in this region.
- Dairy industry is one of the key end-use industries in the global food stabilizers market. High dairy products sale in Europe, North America, and Asia Pacific is expected to enhance the growth of food stabilizer market in the forecast period. In order to maintain the quality and to increase the life- span of dairy products various stabilizers including propanediol 1, 2 alginate are used in dairy products to maintain parameters such as texture, emulsion stability, protein stability, among others.
- 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, among others are few of the key players in global food stabilizer market
- Despite several advantages, food stabilizer has various side effects such as gelatin is responsible for causing allergic reaction, Align that is used as a viscosifier in food products effects pregnant women. Moreover, high consumption of gaur gum consumption in high leads to gas formation, diarrhea, and other stomach diseases. Furthermore, stringent government regulation is also expected to be hinder growth of global food stabilizers market. For instance, Kerry group plc, one of the major players in industry had estimated a downfall in revenue of 6% in 2021. This led to decrease in production of food stabilizer across the globe.
