The Food Stabilizer Market is estimated to be valued at US$ 9.5 Billion 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 substances that are added to food products in order to preserve the texture and consistency of food. They are commonly used in products like yogurt, ice cream, salad dressing, mayonnaise, soups etc. to prevent ingredients from separating. Common food stabilizers include gelatin, pectin, carrageenan, guar gum, xanthan gum etc. These stabilizers help extend the shelf life of products by controlling crystallization or moisture content. They play an important role in keeping ingredients homogeneously distributed in food and beverages.
Market Dynamics:
Stabilizers help manufacturers in producing uniform and consistent products throughout the year. Changing consumer preferences towards convenient packaged food items is also driving the demand for food stabilizers. Rapid urbanization and busy lifestyles have increased the demand for processed and packaged food which in turn is promoting the growth of the food stabilizer market. Increased health consciousness among consumers is boosting the demand for low-fat and fat-free products which require more stabilizers. Rising focus on natural and clean-label food ingredients may restrain the growth of some synthetic stabilizers in the coming years.
Segment Analysis
The food stabilizer market is dominated by the hydrocolloids sub-segment. Hydrocolloids form a very large category that mainly consists of gums, pectin, arrowroot, guar gum, locust bean gum, xanthan gum, gelatin, carrageenan and cellulose. This sub-segment accounts for over 60% of the overall food stabilizer market due to their widespread applications across large industries like dairy, confectionery, convenience food and bakery as texturizing and thickening agents.
PEST Analysis
- Political: Food stabilizer manufacturers have to adhere to stringent regulations and policies around food safety set by regulatory bodies in different countries/regions.
- Economic: The global economy recovered post-Covid pandemic which drove the growth of food and beverage industry positively impacting the demand for food stabilizers.
- Social: Changing lifestyle and busy schedules have increased the demand for convenience and processed foods requiring use of food stabilizers for extended shelf life.
- Technological: Advancements in food science have led to development of new food stabilizer formulations like protein- and fiber-based stabilizers providing additional health and nutritional benefits.
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 processed and convenience foods. The Asia Pacific region dominates the market currently due to large production and consumption of food products in countries like China, India. 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. Key players are focusing on development of new product formulations for various application segments as well as expansion in emerging markets through partnerships.
