|Study Period:||2016 -2027|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The global food stabilizer market is projected to grow at a CAGR of 4.8% during the forecast period (2022-2027).
The COVID19 crisis had a significant effect on the market. The manufacturers of food stabilizers have terrifically faced the consequences; this was due to the closures of the various manufacturing unit, which resulted in deceleration of the production of the food stabilizers across the globe. For instance, Kerry Group plc, one of the major players in this industry, had estimated a fall in revenue of 6% in fiscal 2021.
The food stabilizer market is driven by increasing demand for convenience food and the rising influence of westernized food consumption patterns paired with a growing preference for specialized and customized blends by food and beverage processing which has propelled the application of food stabilizers in the market.
The growing demand for quick-service restaurants across the globe is one factor driving the food stabilizer market because of the growing demand for different cuisines from various parts of the world.
Scope of the Report
A stabilizer is an additive to food that helps to preserve its structure. The global food stabilizer market has been segmented by source into natural and synthetic sources of stabilizers. Natural stabilizers can be bifurcated into plant, microbial, and animal-sourced food stabilizers. The market is also segmented by type of alginate, agar, gelatin, guar gum, cellulose and cellulose derivatives, and other types. By application, the market is segmented into bakery/confectionery, dairy, meat/poultry, beverages, sauces & dressings, and others. Geography segmentation includes countries of North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. For each segment, the market sizing and forecasts have been done based on the value (in USD million).
|Cellulose and Cellulose Derivative|
|Bakery & Confectionery|
|Meat & poultry|
|Sauces & Dressings|
Key Market Trends
Increased Demand for Processed Food
With the changing lifestyle of the consumers, the consumer prefers more healthy foods than food with a high percentage of oil and fats. Rising demand for prepared and convenience food products such as baked goods, breakfast cereals, cheese, meat, and other beverages has witnessed an increasing trend. This is also due to the benefits of convenience food, such as lesser preparation time and easy handling that offers an advantage to the consumers in their busy life schedules. Food stabilizers make up a tiny part of the final product, but they have a significant impact on the final packaged product. For instance, products ranging from fat-free dressing, low-fat mayonnaise, sauces, processed meat products, etc., require a wide variety of functional ingredients to optimize stability, creaminess, shelf-life, viscosity, and water absorption, among others.
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Europe is the Largest Market
Growing preference for specialized and customized blends by confectionery and bakery product manufacturers is driving demand for food stabilizers in the regions. Also, the demand for natural ingredients in packaged food has influenced ingredient buying behavior, which is expected to drive the demand for natural stabilizers in the region. Eventually, the key players in the market are focusing on expansion and product development to gain market share in the food stabilizer market. Food stabilizers play a significant role in providing food with a better aroma, color, and texture. The consumers in this region are more into bakery-based products. In contrast, the cuisines such as Italian foods are dragging pr capita spending towards the final products due to the taste of these foods worldwide.
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The market studied is highly competitive. This is due to the presence of domestic and international players in this sector. The major players in the industry are Cargill, Incorporated, Tate & Lyle PLC, Kerry Group plc, DuPont's, and BASF SE. Key players are focusing on product development and innovation to meet the consumer's needs by offering a variety in taste and product quality to maintain premiumization. Some of the major players use mergers and acquisitions as their key strategy. The strategy to follow mergers and acquisitions by these top players is to sustain and secure a leading position in the industry. This will enable the companies to maintain dominance over other players, and the companies can remain a strong competition for other players in the market.
- In 2021, DuPont's Nutrition & Biosciences Business merged with IFF, which is an expert in the sector of food and biosciences. According to the company, the merger can enable IFF's expertise in food flavors and fragrances; this can help DuPont to lead positions in probiotics, enzymes, and food protection. Thus, this merger strategy is based on expanding business and sustaining a dominating position in the market.
- In 2021, Kerry Inc. acquired Niacet, a market leader in food preservation technologies. According to the company, the strategy behind this acquisition is to enable the company to strengthen the core of the business in technological segments, which will lead to better production of quality products. Thus, the company is eventually targeting to expand the product portfolio so that more refined and quality products can be offered to the consumers and the company can sustain its position in the sector of market leaders.
- In 2020, Tate & Lyle acquired Sweet Green Fields (SGF), a leading global stevia solution. The strategy behind this acquisition is to enable the expansion of the company's stevia products with the expertise provided by Sweet Green Fields.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Source
5.2 By Type
5.2.4 Guar Gum
5.2.5 Cellulose and Cellulose Derivative
5.2.6 Other Types
5.3 By Application
5.3.1 Bakery & Confectionery
5.3.3 Meat & poultry
5.3.5 Sauces & Dressings
5.4.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia-Pacific
5.4.4 South America
188.8.131.52 Rest of South America
5.4.5 Middle-East and Africa
184.108.40.206 South Africa
220.127.116.11 United Arab Emirates
18.104.22.168 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cargill, Incorporated
6.4.2 Tate & Lyle PLC
6.4.3 Archer Daniels Midland Company
6.4.4 Ashland Inc
6.4.5 Kerry Group plc
6.4.6 Palsgaard A/S
6.4.7 Nexira SAS
6.4.9 Ingredion Incorporated
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID19 ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Food Stabilizers Market market is studied from 2016 - 2027.
What is the growth rate of Food Stabilizers Market?
The Food Stabilizers Market is growing at a CAGR of 4.8% over the next 5 years.
Which region has highest growth rate in Food Stabilizers Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Food Stabilizers Market?
North America holds highest share in 2021.
Who are the key players in Food Stabilizers Market?
Cargill, Incorporated, Tate & Lyle PLC, Kerry Group plc, DuPont's , BASF SE are the major companies operating in Food Stabilizers Market.