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Food Stabilizer Market Analysis 2018 | Key Players Updates: Archer Daniels Midland Company, BASF SE, Cargill Incorporated and DuPont Nutrition & Health | Industry Research Report
Market Overview:Food stabilizers are substances or chemicals that allow unblended food ingredients to remain homogenous. They are primarily used as food additive agent, which gives consistent texture, taste, and mouth feel. Many low-fat foods are dependent on stabilizers. Some of the common food stabilizers are alginates, natural gums, polyoxyethene compounds, natural emulsifier, phosphates, cellulose compounds, fatty acids and compounds, and others. They are widely used in various industries such as bakery and confectionery, dairy and frozen desserts, beverages, oil and fats, sweet and savory snacks, meat products, and others.
Food stabilizers are used as food additives that help food ingredients to remain in a homogeneous state after blending. Increasing application of food stabilizers in different industries such as bakery and confectionery, dairy and frozen desserts, beverages, oil and fats, sweet and savory snacks, meat products, and others is driving the growth of the food stabilizers market.
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Inclination of consumers towards processed and convenience foods is boosting the growth of the food stabilizers market. Additionally, growing health awareness is leading demand for low-fat food products, which is adding fuel to the growth of the market. However, stringent laws and regulations regarding application of food stabilizers may restrain the growth of the market. Nevertheless, all these factors are projected to contribute to the food stabilizer market at an estimated CAGR of 3.9% of during the forecast period 2017-2023.
Major Key Players:
The major players in the Food stabilizer market
Archer Daniels Midland Company (U.S.)
BASF SE (Germany)
Cargill Incorporated (U.S.)
DuPont Nutrition & Health (Denmark)
Tate & Lyle plc (U.K.)
Palsgaard (Denmark)
Ashland Inc. (U.S.)
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Downstream Analysis:
On the basis of type, the food stabilizer are segmented as alginates, natural gums, polyoxyethene compounds, natural emulsifier, phosphates, cellulose compounds, fatty acids and compounds, and others. Among all, natural emulsifier are dominating the market followed by natural gums. Among the natural emulsifier, lecithin is the major contributor and has gained high popularity based on its health beneficial attributes. It is majorly used in dairy and frozen desserts industry.
Based on the application, the food stabilizers are segmented into bakery and confectionery, dairy and frozen desserts, beverages, oil and fats, sweet and savory snacks, meat products, and others. Among all, the bakery and confectionery segment is dominating the market and is expected to gain a substantial growth over the forecast period. However, the dairy and frozen desserts segment is alsoprojected to witness moderate growth in the coming years.
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Regional Analysis:
The global Food stabilizer market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Europe is dominating the market followed by North America. High inclination towards processed foods in developed countries such as Canada and the U.S. is driving the food stabilizer market in North America. In Europe, Germany and U.K. are the major contributors to food stabilizer market.
Asia Pacific is expected to be the fastest growing market over the forecast period owing to changing lifestyle and consumption pattern in developing countries such as China and India. Moreover, Latin American, Middle East and African countries are projected to witness increased demand for food stabilizers over the forecast period.
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