Market Dynamics
Drivers
- Multifunctionality of Food Stabilizers in Various Food & Beverage Products
- Increase in Demand for Customized Products
- Growth in Demand for Naturally Sourced Ingredients
Restraints
- Stringent International Quality Standards and Regulations
- Legal Framework of Food & Beverage Additives in Singapore
Opportunities
- Emerging Markets: New Growth Frontiers
- Increase in Investments for Research & Development to Develop New Products
Challenges
- Fluctuation in Prices of Raw Materials
- Consumer Demand for Clean Label Products and Perception of Food Labeling Thereof
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The global food stabilizers (blends & systems) market is estimated to be valued at USD 2.3 billion in 2018 and is projected to reach USD 2.8 billion by 2023, at a CAGR of 4.0% during the forecast period.
Browse in-depth TOC on “Food Stabilizers (Blends & Systems) Market“
119 – Tables
47 – Figures
212 – Pages
The food stabilizers (blends & systems) market is driven by factors such as versatility of food stabilizers in various food & beverage products and an increase in demand for customized products by food manufacturers and growth in concerns toward naturally sourced ingredients. According to the Food Marketing Institute 2015, US Grocery Shopper Trends Report, more than 25% of the consumers preferred natural food ingredients and more than 35% of consumers preferred no artificial ingredients in their food products. With the increasing popularity and consumption of convenience and ready-to-eat food products, the demand for customized food & beverage stabilizer blends and systems is projected to grow.
Key Players:
- Cargill (US)
- DowDuPont (US)
- Tate & Lyle (UK)
- Kerry (Ireland)
- CP Kelco (US)
- Palsgaard (Denmark)
- Ashland (US)
- ADM (US)
- BASF (Germany)
- Ingredion (US)
- Hydrosol (Germany)
- Nexira (France)
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The Asia Pacific region is projected to be the fastest-growing market for food stabilizers (blends & systems) for the next five years. The abundant availability of raw materials such as seaweed and guar gum, along with the growing popularity of dairy products, beverages, and convenience food, is a growth driver in the Asia Pacific food stabilizers market. Developing economies such as China, India, and Japan are potential markets for the food stabilizers. The main driving force for the growing market is the scope and range of innovative system solutions and food processing technologies.
