WiseGuyReports.com adds new report on “Global Food Stabilizers Market 2016-2020” of 64 pages with table and figures on its research store.
This market research study presents a detailed segmentation of the global food stabilizers market by functions (stability enhancers, texture enhancers, and moisture retention), by application (bakery, confectionery, dairy and dairy products, beverages, convenience foods, and meat and poultry), and by geography (APAC, Europe, North America, and ROW). The key vendors identified in the market are Advanced Food Systems, Ashland, Cargill, DuPont, Palsgaard, and Tate & Lyle.
Overview of the food stabilizers market
The global market for food stabilizers will grow steadily at a CAGR of more than 4% during the forecast period and will be positively affected by the augmented demand for convenience foods. Ready-to-eat and pre-processed require very less cooking and clean-up time, leading to its rising demand globally. Frozen fish and seafood manufacturers increasingly prefer convenience foods to increase the relevance of their products to consumers. Moreover, rapid urbanization and the growing population of working women, especially in developing economies like India and China, will drive the need for convenience foods until the end of 2020.
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In this market report, analysts have estimated factors like the increasing use of a combination of different food stabilizers to impel the prospects for market growth until the end of the forecast period. The cost of plant- and animal-based raw materials is increasing due to shortages, leading to a rise in the cost of food stabilizers. Therefore, vendors are combining different food stabilizers to decrease the overall manufacturing cost. For example, many vendors blend antioxidants to replace the natural ones partially. By mixing food stabilizers, vendors can produce the quality product at relatively lesser costs. This trend is becoming popular among vendors that want to reduce the cost of manufacturing stabilizers. Therefore, a reduction in the cost of producing food stabilizers will aid in the growth of this market in the coming years.
Segmentation by application and analysis of the food stabilizers market
- Dairy and dairy products
- Convenience foods
- Meat and poultry
In 2015, the bakery segment dominated the food stabilizers market and accounted for the largest share of approximately 28%. Food stabilizers used in bakery applications are combinations of emulsifiers and hydrocolloids. This combination provides advantages over other additives and is designed to enhance the properties of the dough like extensibility, handling, and consistency. Also, stabilizers enhance softness, layering aspects and retain moisture in bakery products. The wide range of applications of food stabilizers in the bakery sector will result in this market segment’s steady growth during the predicted period.
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Segmentation by geography and analysis of the food stabilizers market
- North America
During 2015, Europe dominated the global food stabilizers market and accounted for a market share of more than 38%. The presence of many food manufacturers like Palsgaard, Cargill, and Ashland in the region is driving the growth of this segment during the forecast period.
Competitive landscape and key vendors
The global food stabilizers market is a dynamic market and is dominated by global suppliers. The competition is expected to intensify with the entry of small- and medium-sized companies that produce food stabilizers in small formulations and sell at competitive prices, the launch of new product lines during the forecast period.
Key vendors in this market are –
- Advanced food systems
- Tate & Lyle
Other prominent vendors analyzed in this market research report are Archer Daniels Midland, Associated British Foods, Chemelco, Glanbia Nutritionals, Kerry Group, Nexira, and Royal DSM.
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