Food Stabilizer Market is increasingly driven by clean label trends in 2024

Food Stabilizer Market is increasingly driven by clean label trends in 2024

The food stabilizer market comprises ingredients that help increase food texture, consistency, and stability. Food stabilizers act as thickening agents, gelling agents, emulsifying agents, and other functions in numerous food products such as dairy and dairy alternatives, confectionery, bakery, convenience food products, beverages, and others. They improve quality, extend shelf-life, modify sensory characteristics, control crystallization, and influence rheological properties of food. The growth in demand for beverages coupled with the rising consumption of convenience food products is fueling the need for food stabilizers among manufacturers globally.

The Global food stabilizer market is estimated to be valued at US$ 10.86 Bn in 2024 and is expected to exhibit a CAGR of 6.9% over the forecast period 2024 To 2031.

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. These players are focusing on new product launches, expansions, and collaborations to expand their presence and meet the growing market demand.

Food stabilizer market share is increasingly gaining traction from the clean label trend, where consumers prefer food products with simple and easy-to-understand ingredient lists.  Additionally, the growing use of stabilizers in various food applications and innovations to reduce sugar and synthetic additives in food & beverages will augment the market growth.

Globally, Asia Pacific dominates the food stabilizer market and is expected to grow at the fastest rate during the forecast period. This is attributed to increasing population, rapid urbanization, rising disposable income, and changing dietary patterns in countries such as China and India. North America and Europe also offer sizable growth potential for food stabilizers market owing to high demand for processed and packaged foodstuff.

Market drivers

Increasing demand for beverages:- Growth in demand for packaged fruit juices, carbonated soft drinks, dairy products, and RTD beverages are augmenting the use of stabilizers. Food stabilizers are used extensively in these beverages to increase shelf-life, enhance texture & appearance and provide stabilization. This rising beverage industry is a major driver for this market.

PEST Analysis:

Political: The food stabilizers market is regulated by various authorities like the Food Safety and Standards Authority of India (FSSAI) and FDA that ensure food safety and quality compliance. This effects innovation and production.

Economic: With rise in disposable incomes globally, demand for packaged and convenience food is increasing rapidly. This drives the growth of food stabilizers market as they help enhance food texture and stability.

Social: Food Stabilizer Market challenges and opportunities are influenced by the high competitive rivalry due to the presence of many global and regional players competing on pricing and quality.

Technological: Advancements in nanotechnology help develop stabilizers with better functionality at lower inclusion levels. Microencapsulation techniques aid in improving the shelf life of products.

The geographic regions where the food stabilizer market is concentrated in terms of value include North America, Europe and Asia Pacific. North America accounts for the largest share due to increasing demand for processed foods and beverages. Europe is another major regional market influenced by growth in the bakery and confectionery industry.

The Asia Pacific region is considered the fastest growing market for food stabilizers globally. This is attributed to rising middle class population, urbanization and economic growth in developing countries like India and China. The changing dietary patterns and growth in the food processing sector in Asia Pacific are major factors spurring the demand for food stabilizers. Growing consumer preference for packaged and convenience foods augments the market expansion.

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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