According to the newest research study conducted by Transparency Market Research on global food stabilizer market, it is expected to exhibit a healthy CAGR of 4% over the course of the mentioned period of forecast. The revenue of the market was projected to reach a value worth US$7.63 bn by fall of 2016, whereas by the end of 2021, the market valuation will rise up to US$9.26 bn.
Process and Convenience Food Products to Fuel Market Demand
Increasing demand for convenience food is quite clearly visible across all prominent regions across the globe. With increasing number of people opting for ready to eat and processed food products and beverages, naturally, the role of food stabilizers is gaining increasing significance. For convenience food sales, it is important to have a longer shelf life, stability, and visual appeal. Thus, the companies in the sector are constantly searching for a perfect food stabilizer that will be able to fulfill all the necessary requirements and will help them reach out their consumers more effectively with improved quality. This is expected to act as a primary driving factor for the overall development of the global food stabilizer market and will continue to help in its growth over the course of the forecast period ranging from 2015 to 2021.
At the other end of the rope is the rapidly increasing number of customers, particularly from the developed nations, that are growingly demanding organic food. Food stabilizers in these organic products to enhance their shelf life is also expected to act as a key driving factor for the overall growth of the global market.
Europe to Lead Global Market in Terms of Value
In terms of regional segmentation, there are five key regions of the global food stabilizer market. These regions are North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these, regional segment of Europe has always been on the forefront in terms of contributing to the overall growth of the global market. There has always been a consistent demand for food stabilizer from the region in order to maintain the shelf life and aesthetic appeal of these products in terms of look, texture, and taste. The region is projected to show a high demand for organic food where these food stabilizers will be used for improving their shelf life. Moreover, the demand for packaged and process food is also quite high in the region and is also expected to play an important role in driving the growth of the regional market in coming years. By the fall of 2021, the regional segment of Europe is projected to account for around 35% of the overall value of the global market for food stabilizer.
On the other hand, the regional segment of North America is showing a promising rate of growth in these coming years of the forecast period. The growth is expected to be positive in terms of both organic as well as convenience food products. The region is now showing an increased demand for these stabilizers in organic food because of the growing health concerns associated with processed food. Furthermore, a large number of consumers in the region are becoming aware about the different food borne illness and diseases and that food stabilizers can aid in tackling these problems. This is also expected to help in the overall development of the market in the region.
Some of the key companies in the global food stabilizers market include names such as 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 global food stabilizer market is expected to experience a stable growth throughout the forecast period. Food stabilizers maintain the stability of food products in term of texture, volume and mouth feel. The global food stabilizer market is segmented on the basis of application, function and geography. By application the food stabilizers market can be segmented into bakery, confectionary, dairy products, beverages, convenience food and others. The others segment includes processed meat and, sauces and condiments among others. By function the food stabilizers market has been segmented into stabilizing function, texturing function, and moisturing function among others. In addition, the report provides a cross-sectional analysis of all the above segments with respect to different geographical regions including North America, Europe, Asia Pacific and Rest of the World (RoW).
Increasing demand for convenience food is one of the major factors fuelling the demand for food stabilizers globally. Busy lifestyle and changing eating patterns are driving the growth of convenience food products and this in turn is fuelling the growth of the food stabilizer market. Moreover, owing to increasing demand for organic food products the global food stabilizer market is expected to experience stable growth throughout the forecast period. Food stabilizers are being added to the finished product in order to increase the shelf life and to maintain the overall quality of organic food products. Increasing health concerns of people across the globe is driving the market for organic food items which in turn is driving the growth of the food stabilizer globally. In addition, the use of food stabilizers gives competitive advantage to food industry over other market players since food stabilizers helps to impart the exact volume, mouth feel and texture demanded by consumers. Owing to this factor, the demand for food stabilizers is increasing and is expected to grow rapidly during the forecast period.
However, despite of the several factors driving the demand of food stabilizers, they can pose a serious threat if consumed within specified limit. There are several side effects associated with food stabilizers. Gelatin can cause allergic reactions. Alginate or algin which is used to increase the viscosity of a food product has an adverse effect in woman during pregnancy. Excessive consumption of guar gum increases the chances of gas production, loose motion and diarrhoea and various other complications. In addition, stringent government regulations across different countries restrain the growth of global food stabilizer market. Different organizations including FDA have set safety standards to determine whether a stabilizer is safe enough for its intended use. In spite of these restraining factors the food stabilizer market will stand firm during the forecasted period.
The conclusive analysis of the global food stabilizer market and the expected market growth for the period 2015 to 2021 is provided in this report. The report provides in depth study of different market segments and detailed analysis of the food stabilizer market across different segments based on application, function and by geography. This report also provides various macro and micro economic factor affecting the demand of food stabilizers.
In the food stabilizer market, among application segment the dairy products held the largest market share in 2014. Increasing health concerns among the consumers is driving the market for diary food items which in turn is driving the growth of the food stabilizer market. Food stabilizers are being added to the diary product to increase the shelf life, to maintain the overall quality and to maintain nutritional stability of diary food products.
In 2014, across the geography, Europe held the largest market share i.e. 40.0% in the food stabilizer market. Europe is a mature market in term of food stabilizer due to its high penetration level in European market. Consequently the market growth of food stabilizers in European market is sluggish. Europe is followed by North America. Increasing working population and rising health consciousness among consumers is boosting the demand for dairy and ready to eat products, which in turn is driving the market for food stabilizer stabilizers. On the other hand economic development in developing countries such as India, China and Japan leads to an increase in disposable income which in turn increases the purchasing power of consumers. Owing to this change in lifestyle coupled with increasing disposable income people are looking for processed and ready to eat convenience food. The market growth of food stabilizers in this region is attributed to the increasing demand for these processed and ready to eat food.
Overall, the report provides a detailed analysis of the global food stabilizer and the expected growth for the period 2015 to 2021, after considering various macro and micro economic factors affecting the demand.
The report segments the food stabilizer market as:
- Dairy Products
- Convenience Food
- Stabilizing Function
- Texturing Function
- Moisturing Function
Rest of the World (RoW)
- Middle East
- Latin America