May 23, 2024

Food Stabilizer Market Is in Trends by Changing Consumer Preferences

Food stabilizers are food additives that help maintain the structure and consistency of foods. Their main purposes are to prevent ingredients from separating or settling, retain moisture, improve texture, improve stability, and extend shelf life. The main types of food stabilizers commonly used include gelatin, pectin, carrageenan, alginate, agar, and modified starch. Food stabilizers offer advantages like maintaining uniform consistency, preventing crystallization and sedimentation, improving mouthfeel, and reducing production costs for food manufacturers. Growing demand for processed and convenience foods along with increasing health awareness is propelling the growth of the food stabilizer market.

The Global Food Stabilizer Market is estimated to be valued at US$ 9.5 Billion in 2024 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the Food Stabilizer market are BASF SE, Cargill Inc., Celanese Corporation, Chr. Hansen A/S, DuPont, JEY’S F.I. INC, Kerry Group, Koninklijke DSM N.V, and The Archer Daniels Midland Company.

The food stabilizer market is experiencing growing demand driven by factors such as increasing consumption of processed food and beverages, expanding application in dairy and bakery products, rising global population and disposable income levels. Food stabilizers help extend the shelf life of products and ensure food safety and quality which is driving their growing demand from food manufacturers.

The growing demand for food stabilizers is prompting market players to expand their production facilities globally. Major manufacturers are focusing on Asia Pacific and North America region due to rising demand in these regions. Food stabilizer companies are also investing in R&D to develop stabilizer blends suitable for newer applications and to meet stringent global food quality and safety regulations.

Market Key Trends

One of the key trends gaining traction in the food stabilizer market is the growing demand for clean label and natural food stabilizers. Consumers are increasingly preferring product labels with easily understandable ingredients sourced from natural origins like plants. This is prompting stabilizer manufacturers to develop clean label gums and pectin blended from fruit and vegetable sources to meet the current label trends. The development of multifunctional and minimally processed food stabilizers suitable for various applications is also a notable trend in the market.

Porter’s Analysis

  • Threat of new entrants: New players may face difficulty entering the market due to high capital requirement and stringent regulations.
  • Bargaining power of buyers: Buyers have moderate bargaining power as there are numerous established players in the market providing substitutable products.
  • Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of substitutable raw materials and suppliers.
  • Threat of new substitutes: Threat from substitutes is low as food stabilizers have distinct functional properties compared to alternatives.
  • Competitive rivalry: Intense competition exists among key global players to increase market share through product innovation, expansions and mergers & acquisitions.

Geographically, North America accounts for the largest share in the global food stabilizer market in terms of value. This is attributed to high consumption of processed foods and beverages in the region. Asia Pacific region is expected to witness the fastest growth over the forecast period owing to growing population, rising disposable income and increasing demand for packaged food products.

The food stabilizer market in emerging economies like China and India is growing at a rapid pace due to changing consumption patterns and rising health awareness among consumers. With growing middle class population, countries in Asia Pacific offer lucrative growth opportunities for food stabilizer manufacturers.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it