Emerging Applications of Food Stabilizers in Functional Foods

Emerging Applications of Food Stabilizers in Functional Foods

Food stabilizers are additives that are used in food processing to maintain the stability of structure of foods and beverages over long shelf life. They help prevent formation of crystals in dairy products such as ice cream and prevent separation of mixtures in salad dressings. Food stabilizers are important processing aids used in manufacture of complex multi-component food products such as mayonnaise and hollandaise sauce. Growing demand for packaged and convenience food products worldwide has fueled the need for food stabilizers.

The global Food Stabilizer Market is estimated to be valued at US$ 9.5 Billion 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 Opportunity:

Manufacture of challenging food products presents a key opportunity for growth of food stabilizers market. Complex multi-component products like mayonnaise, hollandaise sauce etc are prone to separation if not stabilized properly during manufacturing process and shelf life. Growing demand for exotic and fusion cuisine using such products has prompted food manufacturers to develop products especially tailored for tropical conditions prevalent in developing regions of Asia Pacific and Latin America. Food stabilizers can help manufacturers overcome technical difficulties in production of heat and storage stable challenging food items. This growing need is estimated to drive demand for specialized food stabilizers among manufacturers over the forecast period.

Porter's Analysis

Threat of new entrants: The threat of new entrants into the food stabilizer market is low to moderate due to existing brands and need for high capital investment for R&D and production facilities.

Bargaining power of buyers: The bargaining power of buyers in the food stabilizer market is moderate. Buyers have a fair number of options in the market.

Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of alternate suppliers of raw materials to manufacture food stabilizers.

Threat of new substitutes: The threat of new substitutes in the food stabilizer market is low as there are limited alternatives that can achieve the functions of food stabilizers.

Competitive rivalry: The competitive rivalry in the market is high due to presence of many global as well as regional players.

SWOT Analysis

Strength: Food stabilizers help extend shelf life and maintain texture, consistency, and stability of food products. They are cost effective ingredients.

Weakness: Some food stabilizers can effect low nutrient absorption in the body. Food regulations and certification vary across regions.

Opportunity: Growth of convenience and packaged food industry. Increased demand for plant-based and organic food stabilizers.

Threats: Stringent regulations over usage of certain synthetic ingredients. Volatility in raw material prices.

Key Takeaways

The global food stabilizer market is expected to witness high growth over the forecast period of 2023-2030. The market size for 2024 is estimated to be US$ 9.5 billion and projected to grow at a CAGR of 6.9% through 2030.

Regional analysis: Asia Pacific dominates the global food stabilizer market currently due to high consumption of processed food in countries like India and China. The region is estimated to witness the highest growth over the next few years driven by increasing disposable incomes, changing dietary patterns, urbanization and growing population.

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 key players are focused on new product launches, expansions and mergers & acquisitions to strengthen their global foothold.