Food stabilizers: Key market research findings
- Robust market growth for food stabilizers in China
- Increase in adoption of natural food stabilizers
Technavio has released a new market research report on the global food stabilizers market, which is expected to grow at a CAGR of 4% between 2016 and 2020. Food stabilizers help to reduce the fat content in foods while retaining the flavor and texture of foods. They reduce the quantity of sugar required to sweeten a particular food product. This facilitates in enhancing gastrointestinal function, lowering serum cholesterol, and improve glucose tolerance. Europe accounts for 38% of the total market share, owing to the presence of many food stabilizers manufacturers in the region, which also makes it the largest producer and consumer of food stabilizers.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the food stabilizer market is witnessing huge growth potential in China, owing to rising demand for functional foods, convenience foods, and baked products in China. The Chinese consumers are shifting from their traditional diet to convenience foods, new innovative food products, and enhanced dairy products and comprise baked items in their everyday diets. This change in food habits is attributable to the rise in disposable income and inclination toward westernized food intake. This shift will make the Chinese market the leading consumer of packaged food, thereby fostering the market for food stabilizers in the coming years,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research
The market is witnessing a considerable shift towards natural food stabilizers. The market for natural shelf-life stabilizers has registered higher growth in Europe than the synthetic additives market. Consumers perceive natural food stabilizers safer and healthier than synthetic food stabilizers. Though the cost of manufacturing and acquiring natural food stabilizers is higher than synthetic food stabilizers, the increased consciousness regarding health has resulted in their increased adoption.
The key vendors in the global food stabilizers market include Advanced Food Systems, Ashland, Cargill, DuPont, Palsgaard, Tate & Lyle. It is one of the most dynamic markets. The market is highly fragmented and is dominated by global vendors. However, intense competition prevails in the market because the small- and medium-scale companies produce food stabilizers in small formulations and sell at competitive prices. Competition in the market is expected to increase due to the increase in the launch of new product lines especially natural ingredients for food and beverages, and the entry of new players.
A more detailed analysis is available in the Technavio report, Global Food Stabilizers Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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