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Food Stabilizer Market Emerging Trends, Key Vendors, Growth Analysis and Forecast to 2021

04-17-2018 08:13 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

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Food Stabilizer Market Emerging Trends, Key Vendors, Growth

Global Food Stabilizer Market: Snapshot

The growth in demand for convenience foods is visible across all regions of the world. With more people opting for ready-to-eat foods and beverages, the role of food stabilizers in this industry has grown proportionately. With stability, shelf-life, texture, and visual appeal growing equally large in priority for convenience foods to sell, companies are constantly looking for the perfect food stabilizers that will help them fit their food and beverage products into the busy lifestyle of the modern consumer. This is considered to be a high impact driver for the usage of food stabilizers and will continue to drive their sales even further over the coming years.

On the other end of the spectrum are a speedily growing number of consumers – especially from developed economies – that are demanding organic foods. Food stabilizers in organic foods help improve the shelf-life of these otherwise quick to expire foods.

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There are, however, quite a few restraints on the use of food stabilizers today, owing to the side-effects of using certain chemicals and the related regulatory pressure against their use. Organizations such as the FDA are closely monitoring the type of food stabilizers being used and can ban certain chemicals from being used. Examples include the ban on acacia gum in multiple parts of the world and the ban on Olean in Canada and the U.K.

The global market for food stabilizers is expected to progress at a CAGR of 4.0% from 2015 to 2021, in terms of revenue. This revenue is expected to reach US$7.63 bn by the end of 2016, and US$9.26 bn by the end of 2021.

Europe Dominated Demand for Food Stabilizers

The demand for food stabilizers in Europe has regularly been quite high owing to the demand for foods with extended life spans and better appeal in terms of taste, texture, and look. The region is also showing a high demand for organic foods, where food stabilizers are used to mainly extend the short shelf-lives of products. The demand for packaged foods has been especially high in Europe and has been the primary fuel for the leading consumption rate of food stabilizers by the region. By the end of 2021, Europe is expected to have taken up 35.0% of the total value of food stabilizers in the world.

North America is showing a similarly high demand for food stabilizers in both convenience foods and organic foods. This region is showing a greater demand for food stabilizers in organic foods owing to the growing health concerns linked with convenience foods. Additionally, a large percentage of consumers in North America are aware of the growing number of food-borne illnesses and that food stabilizers can help combat the bacteria that cause them.

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Demand for Convenience and Organic Foods Equally High, Food Stabilizer Makers to Benefit from Both

“The emerging economies with their high level of industrial evolution are creating a very hectic lifestyle for most consumers in the region. Fitting into this lifestyle are a range of convenience foods that are easy to eat and appealing both visually and to the palate. This is a high impact driver for food stabilizer manufacturers in regions such as Asia Pacific,” states a TMR analyst. This driver is expected to remain as a high impact one for the foreseeable future of food stabilizers.

Developed economies on the other hand are showing a higher preference for organic foods which still require food stabilizers for extending their short shelf-lives and to protect them from harmful bacteria.

This combination of the above two drivers is expected to be highly advantageous to food stabilizer manufacturers that are globally prominent.

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