Dublin, Nov. 19, 2018 (GLOBE NEWSWIRE) -- The "Food Stabilizers (Blends & Systems) Market by Source (Plant, Microbial, Seaweed, Synthetic & Animal), Application (Dairy, Bakery, Confectionery, Beverages, Convenience Foods, Meat, Sauces & Dressings), Function, and Region - Global Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The food stabilizers (blends & systems) market is estimated at USD 2.3 billion in 2018, and projected to grow at a CAGR of 4.0%, to reach USD 2.8 billion by 2023.
The growth of the food stabilizers (blends & systems) market is driven by the rising demand for healthier and natural food ingredients from the food industry. The key drivers for the market's growth are the increase in consumption of processed food, the multi-functionality of food stabilizers, and the growth in the use of natural ingredients in foods, due to the increase in consumer awareness about healthy diets. The growing demand for food has resulted in an increased demand for food stabilizers.
Europe is projected to dominate the food stabilizers market during the forecast period. The growing demand for food stabilizers for bakery products, beverages, and convenience food is expected to boost the demand for food stabilizers in the region. Health awareness among consumers, along with the growing R&D on natural ingredients for food & beverages, is expected to drive the market growth in the region. International regulations and quality standards related to food additives are the key restraints of the growth of the food stabilizers (blends & systems) market.
Dairy & dairy products led the market with the largest share in 2017.
On the basis of application, the food stabilizers (blends & systems) market was led by the dairy & dairy products segment. The increase in the consumption rate of functional food and economic development in the emerging markets of the Asia Pacific region; hence, the market for dairy & dairy products accounted for the largest share in 2017. In the food industry, the demand for dairy & dairy products is growing due to changing lifestyles and eating habits.
Plant-sourced stabilizers to be the fastest growing source of food stabilizers.
Based on source, the plant segment is projected to be the fastest-growing during the forecast period. This segment is rapidly growing; this is mainly due to the rise in demand for natural ingredient and increase in trend vegan food; hence, the demand for plant-sourced food stabilizers is increasing. Consumer perceives that plant-sourced food stabilizers add nutritional value to food products. Food & beverage manufacturers prefer plant-sourced food stabilizer to fulfill the consumer's demand for natural food additives.
High growth is expected in the Asia Pacific food stabilizers market.
Asia Pacific is projected to be the fastest-growing market for the period considered for this study, due to the increase in disposable income and rise in demand for processed food, along with the growing industrial base, leading to increased demand for food stabilizers in the region. In addition, the market is driven by the growing demand for beverages in developing countries such as India, China, Japan, and Australia. The food processing industry is growing rapidly in these countries due to the increasing demand for convenience food in this region. Consumer food preferences are changing, awareness about food additives is increasing, and consumers are willing to spend more money on naturally sourced food products. All these factors are fueling the growth of food stabilizers (blends & systems) market in the Asia Pacific region.
Key Topics Covered:
1 Introduction
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
2.5 Factor Analysis
2.5.1 Introduction
2.5.2 Demand-Side Analysis
2.5.2.1 Increasing Per Capita Income and Shift Towards Convenience Foods
2.5.2.2 Growing Consumer Consciousness Towards Healthy Food Products
2.5.2.3 Rise in Alcoholic Beverage Consumption in APAC and North America
2.5.3 Supply-Side Analysis
2.5.3.1 Research & Development for Better Customized Food Stabilizer Products
2.5.3.2 Changing Climatic Conditions to Impact the Use of Conventional Raw Materials
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Food Stabilizers Market
4.2 Food Stabilizers Market Share, By Function
4.3 Asia Pacific: Food Stabilizers Market, By Source & Country
4.4 Food Stabilizers Market, By Source
4.5 Food Stabilizers Market Share, By Key Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Multifunctionality of Food Stabilizers in Various Food & Beverage Products
5.2.1.2 Increase in Demand for Customized Products
5.2.1.3 Growth in Demand for Naturally Sourced Ingredients
5.2.2 Restraints
5.2.2.1 Stringent International Quality Standards and Regulations
5.2.2.1.1 Legal Framework of Food & Beverage Additives in Singapore
5.2.3 Opportunities
5.2.3.1 Emerging Markets: New Growth Frontiers
5.2.3.2 Increase in Investments for Research & Development to Develop New Products
5.2.4 Challenges
5.2.4.1 Fluctuation in Prices of Raw Materials
5.2.4.2 Consumer Demand for Clean Label Products and Perception of Food Labeling Thereof
6 Industry Trends
6.1 Introduction
6.1.1 Types of Food Ingredients
6.1.2 Stabilizer Blends for Food Applications
6.2 Value Chain Analysis
6.3 Supply Chain
6.4 Pest Analysis
6.4.1 Political/Legal Factors
6.4.1.1 Governmental Regulations
6.4.2 Economic Factors
6.4.2.1 Economic Changes in the Global Market Directly Influence the Food Stabilizers Market
6.4.3 Social Factors
6.4.3.1 Consumer Demand for Clean Label and Natural Ingredients to Drive the Market
6.4.4 Technological Factors
6.4.4.1 Development of Innovative Stabilizing Blend and Systems for Product Efficiency
6.5 Porter's Five Forces Analysis
6.5.1 Intensity of Competitive Rivalry
6.5.2 Bargaining Power of Suppliers
6.5.3 Bargaining Power of Buyers
6.5.4 Threat of Substitutes
6.5.5 Threat of New Entrants
7 Food Stabilizers Market, By Source
7.1 Introduction
7.2 Plant
7.2.1 Plant-Based Food Stabilizers are Widely Used in the Food & Beverage Industry Due to Its Nutritional Value and Wide Acceptance
7.3 Seaweed
7.3.1 Seaweed-Sourced Food Stabilizers Can Be Used as A Major Substitute to Plant-Based Or Synthetic-Based Food Stabilizers
7.4 Microbial
7.4.1 The Fluctuations in the Prices of Plant and Seaweed Based Food Stabilizer Have Provided Growth Opportunities to the Microbial-Sourced Food Stabilizers Market
7.5 Animal
7.5.1 Europe is the Largest Market for Animal Sourced Food Stabilizers
7.6 Synthetic
7.6.1 Synthetic Food Stabilizers Market is Driven By Increasing Demand in APAC Region
8 Food Stabilizers Market, By Function
8.1 Introduction
8.2 Texturizing
8.2.1 Texturizing Function Dominated the Food Stabilizers Market During the Forecast Period
8.3 Stabilizing
8.3.1 Stabilizing is Key Function of Food Stabilizers and Used to Stabilize Emulsion in Food Products
8.4 Moisture Retention
8.4.1 Europe Region Dominated the Moisture Retention Segment of Food Stabilizers Market in 2017
8.5 Other Functions
8.5.1 The Other Functions of Food Stabilizers Include Mouthfeel, Egg Replacement, and Synthesis Control
9 Food Stabilizers Market, By Application
9.1 Introduction
9.2 Dairy & Dairy Products
9.2.1 Dairy & Dairy Products Application Dominated the Food Stabilizers Market in 2017
9.3 Confectionery Products
9.3.1 Food Stabilizers Improve Nutritional Value, Consistency, Texture, Shape, Flavor, and Gelation of Confectionery Products
9.4 Convenience Foods
9.4.1 Europe Dominates the Connivance Foods Segment of Food Stabilizers Market
9.5 Bakery Products
9.5.1 Food Stabilizers Improve the Quality and Provide Desired Texture to the Bakery Products
9.6 Meat & Poultry Products
9.6.1 APAC Region to Drive Food Stabilizers Market With Application in Meat & Poultry Products
9.7 Beverages
9.7.1 Increasing Demand for Sports Drinks and Energy Drinks has Increased in the Market, Which, in Turn, has Increased the Demand for Stabilizers Used in Beverages
9.8 Sauces & Dressings
9.8.1 Europe Dominates the Food Stabilizers Market With the Applications in Sauces & Dressings
9.9 Others
9.9.1 Stabilizers Help to Improve Nutritional Value of Products
10 Food Stabilizers Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 The US Market Dominated the Global Food Stabilizers Markets in 2017
10.2.2 Canada
10.2.2.1 Increasing Wine Consumption to Drive the Food Stabilizers Market in Canada
10.2.3 Mexico
10.2.3.1 Increasing Commercialization of the Food Processing Industry is the Key Driver for the Food Stabilizers Market Growth in Mexico
10.3 Europe
10.3.1 France
10.3.1.1 France is the Largest Food Stabilizers Market in Europe
10.3.2 Germany
10.3.2.1 Increasing Health Conscious, is Expected to Drive the Market for Food Stabilizers in the Germany
10.3.3 UK
10.3.3.1 Presence of Major Players of Food Stabilizers in the Country to Drive Food Stabilizers Market in UK
10.3.4 Spain
10.3.4.1 Increasing Demand for Convenience Food With Better Appearance and Taste to Drive Food Stabilizers Market in Spain
10.3.5 Italy
10.3.5.1 Increasing Demand for Beverages to Drive Food Stabilizers Market Growth in Italy
10.3.6 Russia
10.3.6.1 Changing Food Preferences to Drive Food Stabilizers Market Growth in Russia
10.3.7 Netherlands
10.3.7.1 Increasing Disposable Income and Improved Standard of Living to Drive Food Stabilizers Market Growth in Netherlands
10.3.8 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 China is One of the Largest Markets for Food Stabilizers in APAC Region, With Significant Potential for Further Growth
10.4.2 Japan
10.4.2.1 The Japanese Market is Estimated to Be Positioned Second in the Asia Pacific Food Stabilizers Market
10.4.3 India
10.4.3.1 Convenience and Easy Availability, Coupled With Growing Disposable Incomes, Would Lead to an Increase in Buying Capability of Premium Ready to Eat Products to Drive the Food Stabilizers Market in India
10.4.4 Australia
10.4.4.1 The Growing Consumption of Food & Beverage Products has Resulted in an Increase in the Consumption of Raw Materials and Other Food Ingredients, to Drive the Australian Food Stabilizers Market
10.4.5 Rest of Asia Pacific
10.5 Rest of the World (RoW)
10.5.1 South America
10.5.1.1 Increasing Demand for Clean Label Food Additives is Expected to Drive the Food Stabilizers Market in South America
10.5.2 Middle East & Africa
10.5.2.1 Rising Population and Rapid Urbanization is Fueling the Demand for Processed Food Which is Key Driver for Food Stabilizers Market Growth in the Middle East
11 Competitive Landscape
11.1 Overview
11.2 Expansions & Investments
11.3 Mergers and Acquisitions
11.4 New Product Launches
11.5 Agreements & Joint Ventures
12 Company Profiles
12.1 Dowdupont
12.2 Cargill
12.3 Tate & Lyle
12.4 Palsgaard
12.5 ADM
12.6 Ashland
12.7 Cp Kelco
12.8 Kerry
12.9 Ingredion
12.10 Nexira
12.11 Hydrosol GmbH & Co. Kg
12.12 BASF
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