by The Food Stabilizer Market is estimated to be valued at US$ 5801.12 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 additives that are added to foods to stabilize colour, texture, consistency and pH of foods. They act as thickening agent, emulsifying agent, texturizing agent and other functional properties. They prevent foods from separating during processing, packaging and storage. Main categories of food stabilizers includes gelatin, pectin, carrageenan, xanthan gum, guar gum, agar, cellulose and others. They are extensively used in dairy products, confectionery products, convenience foods, bakery products, meat & poultry products, beverages and other applications. Major products include stabilized dairy products, jams & jellies, dairy desserts, yogurt, ice cream, salad dressings, mayonnaise, fruit preparations, baked products, canned meat/fish/vegetables, fruit juices and vegetable purees.
Market Dynamics:
The food stabilizer market is driven by growing demand for convenience foods and longer shelf-life of products. Convenience foods have high demand due to changing lifestyle and increasing number of working women population. Food stabilizers help in extending shelf-life of convenience foods by preventing spoilage and retaining textures and appearances for longer duration. For instance, stabilizers help yogurts and ice creams retain their structure and viscosity during transportation and storage without deterioration in quality. Pectin is commonly used stabilizer in jams and preserves to achieve desired gel structure for extended period. Second major driver is increasing demand for clean label and natural food ingredients. Major players are investing in development of plant-based and organic food stabilizers to cater growing health conscious consumer base. For example, gellan gum and arrowroot starch are used as substitutes for carrageenan and gelatin respectively due to clean label appeal.
Segment Analysis
The food stabilizer market is dominated by polysaccharides and their derivatives segment. Polysaccharides and their derivatives are present in plants and are used widely as thickeners and stabilizers in various food products. They help improve texture, consistency and stability of food products. As they are natural substances and easily available from plant sources, they are preferred over synthetic stabilizers.
PEST Analysis
Political: The government regulations related to use of food additives and stabilizers are becoming more stringent globally. The regulatory bodies are approving only those stabilizers that are proven to be safe.
Economic: With rising disposable incomes, demand for packaged and processed food is increasing significantly. This is driving the need for stabilizers that help food manufacturers process and package food efficiently while maintaining quality.
Social: Customers are increasingly health conscious and prefer food products with clean label and natural ingredients. This is increasing popularity of natural stabilizers over synthetic alternatives.
Technological: Advances in food science are aiding development of new food stabilizer systems derived from plant sources that can function effectively in wider range of food applications.
Key Takeaways
The Global Food Stabilizer Market Size is expected to witness high growth, exhibiting CAGR of 6.9% over the forecast period, due to increasing demand for packaged and convenient food products.
Regional analysis: Asia Pacific dominates the global market and is expected to continue its lead position during the forecast period. This is due to growing food processing industry and rapid urbanization in countries such as China and India. These countries are witnessing highest consumption of packaged snacks, bakery and dairy products where stabilizers are used extensively.
Key players: 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. These companies are focusing on development of stabilizers from natural sources to capitalize on consumer sentiment for clean label products.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
