Food Stabilizers Market Drivers, Revenue, Industry Demand Analysis by 2023
The global food stabilizers market has been segregated, by application, into dairy & frozen desserts, bakery & confectionary, convenience food, meat, poultry & seafood, beverages, and others. The convenience food segment is expected to garner the largest revenue share in the global food stabilizers market due to the need for food stabilizing additives in such category of food. Food stabilizers help in maintaining the structure and appearance of convenience food by balancing its physio-chemical properties.
Key Players:
Some of the key players in the global food stabilizers market are Ingredion Incorporated (US), Tate & Lyle (UK), Nexira (France), DowDuPont (US), Cargill, Incorporated (US), Kerry Group Plc. (Ireland), Ashland (US), CP Kelco (US), Archer Daniels Midland Company (US), BASF SE (Germany), Hydrosol (Germany), and Palsgaard (Denmark)
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Regional Analysis:
Asia-Pacific food stabilizers market is anticipated to exhibit the highest CAGR during the forecast period due to the adoption of new food processing technologies by food processors present in the region. The regional growth trend is mainly driven by the growing economies of Asia-Pacific such as India, China, and Japan.
Segmentation:
Based on source, the global food stabilizers market has been segmented into natural, and synthetic. The natural segment is further bifurcated into plant, seaweed, microbial, and animal. The natural segment is expected to dominate the market and is projected to grow at a higher rate during the forecast period. The segments growth can be attributed to the abundant availability of natural raw materials such as seaweeds and guar gum, especially in Asia-Pacific. In addition, the rising inclination of consumers towards natural products is also fueling the segments growth.
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