Plant-Based Food Stabilizers: Fastest Growing Segment Fueling the Growth of Food Stabilizer Market

 

The global Food Stabilizer Market is estimated to be valued at US$ 9.5 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Food stabilizers are additives used to improve texture, stabilize emulsions, control crystallization, and enhance shelf life of food products. Food stabilizers control viscosity, prevent crystallization of sugars, control melting properties of fats, and emulsify oil and water phases uniformly.

Market key trends:

Plant-based food stabilizers are gaining widespread popularity and acceptance among health-conscious consumers. The easy availability of plant-based food stabilizers derived from plants such as soy, guar gum, carrageenan, and pectin is fueling the growth of plant-based food stabilizers segment. Plant-based food stabilizers help manufacturers develop vegan and clean label products that appeal to a growing consumer base. Factors like increasing vegan population, rising health consciousness have significantly boosted the demand for plant-based food stabilizers over the last few years.

Segment Analysis

The global food stabilizer market is segmented on the basis of source, application, function and geography. Based on source, the market is segmented into plant and seaweed, microbial, animal and synthetic. Among these, the synthetic segment dominates the market, accounting for over 40% of the global market share in 2023. Synthetic stabilizers such as carbohydrates, proteins and hydrocolloids provide better stability, texture and consistency to food products compared to plant and animal based stabilizers.

Key Takeaways

The global food stabilizer market size is expected to reach US$ 9.5 Billion in 2023. The market is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period, due to increasing demand for packaged and processed food products globally.

Regional analysis - Asia Pacific dominates the global market, accounting for over 35% of the total share in 2023. Rapid urbanization, rising disposable incomes and growth of food processing industry in countries such as China and India is driving the demand for food stabilizers in the region. North America is expected to witness fastest growth during the forecast period.

Key players - 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. These players are focusing on new product launches and expansion in emerging markets to gain higher market share. For instance, In October 2021, Chr. Hansen launched a new stabilizer system, Naturance SureGel 1206, for plant-based beverages.

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