Substances or additives added to food and beverages to
maintain their physio-chemical structure, color, texture, and consistency are
mainly referred to as food stabilizers. The market players usually provide a
blend or systems of chemicals or natural additives to offer stability to food
and beverages. The major challenges being faced by the market players in the
food stabilizers market are the fluctuating prices of raw materials and
increasing awareness among consumers regarding clean label products. In order
to tackle these challenges, manufacturers of food stabilizers are focusing on
their R&D activities and developing products that cater to the changing
consumer preferences. In addition, prominent vendors in the food stabilizers
market are expanding their production capacity and expanding customer base by
opening new production plants in untapped markets. For instance, Kerry PLC.
opened a new production plant in Moscow to exploit the growth opportunities
present in Russia and serve the Russian customers.
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.
Regional Analysis:
On
the basis of region, the global food stabilizers market has been segmented by
North America, Europe, Asia-Pacific, and RoW. Europe is anticipated to dominate
the global food stabilizers market due to the growing food processing industry
in the region. In addition, the presence of several manufacturers of food
stabilizers in Europe is also driving the region’s growth in the global market.
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.
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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