Precision Business Insights published a research report on “Food Stabilizers (Blends & Systems) Market: By Type (Gelatin, Pectin, Xanthan Gum, Others), By Function (Texture, Stability, Moisture Retention), By Application (Bakery, Confectionary, Dairy Product, Beverage, Convenience Food, Others), and Geography – Global/Region/Country Forecast to 2027″, Food stabilizers market was valued at USD 2.8 Billion in 2020 and is anticipated to grow at USD 3.64 Billion till 2027 recording a CAGR of 3.8% during the forecast period 2021-2027.
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “ Food Stabilizers (Blends & Systems) Market: By Type (Gelatin, Pectin, Xanthan Gum, Others), By Function (Texture, Stability, Moisture Retention), By Application (Bakery, Confectionary, Dairy Product, Beverage, Convenience Food, Others), and Geography – Global/Region/Country Forecast to 2027″,
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Increasing Preference towards Western Food Habits will accelerate the Food Stabilizers Market Growth:
Food stabilizers are kind of food additives used in the food to preserve its structure. These additives also maintain the physical as well as chemical characteristics of food for making sure the homogeneous dispersal. In addition, another great benefit of using food stabilizers is they help to maintain the texture, color, stability, consistency and shape of the food items. Some of the food stabilizers used in food items includes agar-agar, calcium chloride, pectin and gelatin. They are used hugely in bakery products, beverages, dairy products and confectionery.
There are several significant factors that drive the global food stabilizers market growth such as changing lifestyle, increasing disposable income and rapid urbanization. Global food stabilizers market is hugely driven by the significant factors such as growing demand for food stabilizers from confectionary and dairy food items to store the products for prolonged period and introduction of organic as well as convenience food items. Ability of food stabilizers to enhance the appearance and quality of food items is another market boosting factor and anticipated to impel the market growth. Huge inclination towards western food habits is one of the leading factors to enhance the global food stabilizers market growth. The key players working in the market are more concentrating on launching new products to gain huge profits and retain their position in the market. For example, DuPont Nutrition & Health launched a label-friendly stabilizer in June 2017 called “Grindsted Gellan Mas 100” which is made of nuts, pulses, grains and plant-derived protein for dairy beverages.
Impact of COVID-19 on Food Stabilizers (Blends & Systems) Market:
In addition, the report discusses the implications of COVID-19, including the industry’s initial response and strategies for ensuring business continuity in the coming years.
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North America is Anticipated to Record Notable Growth during Forecast Period:
North America is dominating the market followed by Asia Pacific and Europe and is expected to record notable growth due to the beverage and food industry is growing rapidly. Another market driven factor in the region is huge demand for convenience food items in the region. Asia Pacific is anticipated to have profitable growth opportunities due to the growing huge adaption of western food style particularly in emerging economies of this region.
Competitive Analysis:
A few of the major key players of the market include Cargill, Inc. (U.S.), Advanced Food Systems Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (U.S.), Glanbia, Plc (Republic of Ireland), E. I. du Pont de Nemours and Company (U.S.), Kerry Group (Republic of Ireland), and Nexira SAS (France).
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