Food Stabilizers (Blends & Systems) Market Competitive Analysis with Growth Forecast Till 2023

The food stabilizers (blends & systems) market is estimated at USD 2.3 billion in 2018, and projected to grow at a CAGR of 4.0%, to reach USD 2.8 billion by 2023. The growth of the food stabilizers (blends & systems) market is driven by the rising demand for healthier and natural food ingredients from the food industry.

Drivers of the Market:

• The key drivers for the market’s growth are the increase in consumption of processed food, the multi-functionality of food stabilizers, and the growth in the use of natural ingredients in foods owing to the rise in consumer awareness about healthy diet.
  
• The growing demand for stabilizers as an ingredient in bakery products, beverages, and convenience food is expected to boost the market in developed countries of North America and Europe. International regulations and quality standards related to food additives are the restraining factors for food stabilizers (blends & systems) market.

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Based on application, the beverages segment of the food stabilizers (blends & systems) market is projected to grow at the highest CAGR during the forecast period.

Based on application, the food stabilizers (blends & systems) market has been segmented into dairy & dairy products, confectionery products, convenience foods, bakery products, meat & poultry products, beverages, sauces & dressings, and others (savories, fruit salads, condiments, and baby food). The beverages segment is projected to grow at the highest CAGR during the forecast period. Food stabilizers help to enhance flavors, and add volume in beverages. Consumption of beverages such as fruit drinks, alcoholic, and non-alcoholic beverages has been increased among emerging economies, which has fueled the growth of the beverages segment of the food stabilizers (blends & systems) market.

Based on source, the plant segment of the food stabilizers (blends & systems) market is projected to grow at the higher CAGR during the forecast period.

Plant-derived stabilizers dominated the food stabilizers (blends & systems) market in 2017. The food stabilizers market is projected to grow with the increase in demand for natural-based food additives at a global level. Plant-sourced stabilizers are usually obtained through plant cell walls, tree exudates, seeds, tubers, and roots. Plant-sourced food stabilizers include pectin, guar gum, locust bean gum, and gum arabic. Demand for plant-sourced food stabilizers is increasing due to the rising demand for natural food additives and increasing trend for vegan food products as well as the raw material prices are low as compared to the other sources.

Based on function, the texturizing segment of the food stabilizers (blends & systems) market is expected to grow at the highest CAGR during the forecast period.

Based on function, the food stabilizers (blends & systems) market has been segmented into texturizing, stabilizing, moisture retention, and others (egg replacement, mouthfeel, and synthesis control). The texturizing segment is projected to grow at the higher CAGR during the forecast period. Food stabilizers have been used for several years to provide the desired texture in various food products such as ice cream, yogurt, and baked products. The consumers prefer purchasing food products that are soft during consumption and have desirable texture and shape. All these factors have fueled the overall market growth of food stabilizers.

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The Asia Pacific region is projected to be the fastest-growing for food stabilizers (blends & systems) market, in terms of value, between 2018 and 2023.

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.