Food stabilizers are ingredients added to food products to stabilize texture and consistency. They help improve taste, maintain freshness and thickness of foods. They are used across bakery, confectionery, dairy beverages and other food products.
The global 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 key trends:
The demand for food stabilizers is propelled by its high usage in bakery industry. Food stabilizers help maintain texture, viscosity and stability of bakery products such as bread, cakes, pastry and others. They prevent destabilization of ingredients during rising, baking and storage of bakery products. Food stabilizers improve quality and shelf life of bakery products. The stabilizers effectively bind ingredients and prevent structural collapse. This increases popularity of food stabilizers amongst bakery manufacturers. Further, demand for convenience bakery foods has upsurged significantly. Food stabilizers play a vital role in production of convenience foods which drive their adoption rates in bakery industry.
SWOT Analysis
- Strength: Food stabilizers help improve texture, stability and consistency in food products. They extend shelf life by protecting food items from damage.
- Weakness: Overuse of stabilizers can lead to negative health effects like obesity and allergies. High costs are involved in R&D of new stabilizers.
- Opportunity: Growth in convenience food industry increases demand for stabilizers that support various processing techniques. Developing regions offer scope to penetrate new markets.
- Threats: Stringent regulations over certain stabilizers limits scope. Consumer preference for natural ingredients poses challenge.
Key Takeaways
The global food stabilizer market is expected to witness high growth. The market size is projected to reach US$ 9.5 Billion by 2024, growing at a CAGR of 6.9% during the forecast period.
Regional analysis: Asia Pacific dominates the market currently, owing to rising food processing industry. China accounts for over one-third share of the APAC market. North America and Europe follow Asia Pacific in terms of market size on account of robust processed food sectors in countries like the US and Germany.
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 focus on new product launches to cater to various applications.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
