Market Dynamics
Drivers
·
Multifunctionality of Food
Stabilizers in Various Food & Beverage Products
·
Increase in Demand for
Customized Products
·
Growth in Demand for
Naturally Sourced Ingredients
Restraints
·
Stringent International
Quality Standards and Regulations
·
Legal Framework of Food
& Beverage Additives in Singapore
Opportunities
·
Emerging Markets: New Growth
Frontiers
·
Increase in Investments for
Research & Development to Develop New Products
Challenges
·
Fluctuation in Prices of Raw
Materials
·
Consumer Demand for Clean
Label Products and Perception of Food Labeling Thereof
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The report "Food Stabilizers (Blends & Systems)
Market by Source (Plant, Microbial, Seaweed, Synthetic, and Animal),
Application (Dairy, Bakery, Confectionery, Beverages, Convenience Foods, Meat,
and Sauces & Dressings), Function, and Region - Global Forecasts to
2023", The global food stabilizers (blends & systems)
market is estimated to be valued at USD 2.3 billion in 2018 and is projected to
reach USD 2.8 billion by 2023, at a CAGR of 4.0% during the forecast period.
Browse in-depth TOC on "Food Stabilizers (Blends & Systems) Market"
119 Tables
47 Figures
212 Pages
The food stabilizers (blends &
systems) market is driven by factors such as versatility of food
stabilizers in various food & beverage products and an increase
in demand for customized products by food manufacturers and growth
in concerns toward naturally sourced ingredients. According to the Food
Marketing Institute 2015, US Grocery Shopper Trends Report, more than 25%
of the consumers preferred natural food ingredients and more than 35% of
consumers preferred no artificial ingredients in their food products.
With the increasing popularity and consumption of convenience and
ready-to-eat food products, the demand for customized food & beverage
stabilizer blends and systems is projected to grow.
Key
Players:
·
Cargill (US)
·
DowDuPont (US)
·
Tate & Lyle (UK)
·
Kerry (Ireland)
·
CP Kelco (US)
·
Palsgaard (Denmark)
·
Ashland (US)
·
ADM (US)
·
BASF (Germany)
·
Ingredion (US)
·
Hydrosol (Germany)
·
Nexira (France)
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The Asia Pacific region is projected to be the
fastest-growing market for food stabilizers (blends & systems) for the next
five years. The abundant availability of raw materials such as seaweed and guar
gum, along with the growing popularity of dairy products, beverages, and
convenience food, is a growth driver in the Asia Pacific food stabilizers
market. Developing economies such as China, India, and Japan are potential
markets for the food stabilizers. The main driving force for the growing market
is the scope and range of innovative system solutions and food processing
technologies.