Asia Pacific Food Stabilizers Market Outlook 2031
The Asia Pacific food stabilizers market size was valued at USD 68.45 million in 2022 and is projected to reach USD 111.59 million by 2031 expand at a significant CAGR 5.58% during the forecast period, 2023–2031. The growth of the market is attributed to the rising consumption of ready-to-drink beverages and ready-to-eat foods. Increased usage of food stabilizers in variety of food products is expected to fuel the market.
Food stabilizer is a food additive, which preserves the food structure. It is majorly used in food for preventing ice crystals from forming in frozen foods and oil, water emulsions from separating in various products. Various types of stabilizers used in food are agar, guar gum, pectin, starch, locust bean gum, gelatin, and cellulose.
Food stabilizers are mainly used in syrups, dairy products, mayonnaise, and dressings. Food stabilizers work with emulsifiers to increase the viscosity and stability of the food by binding its large molecules. It helps to maintain the physio-chemical state of a foodstuff to ensure homogeneous dispersion. Food stabilizers play an important role in increasing taste in zero-calorie and mid-calorie beverages.
Asia Pacific Food Stabilizers Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for organic food is anticipated to fuel the market growth during the forecast period.
- Rapid growth of dairy and confectionery industry is major factor spurring the market expansion.
- Strict rules and regulations by various organization and government act as main challenge that can hinder the market growth.
- High cost of raw materials and production cost of food stabilizers is estimated to impede the market expansion.
- R&D investment and technological innovations in food & beverage industry is expected to offer significant opportunities for the market players.
Scope of The Asia Pacific Food Stabilizers Market Report
The report on the Asia Pacific food stabilizers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Asia Pacific Food Stabilizers Market - Region Industry Analysis, Growth, Share, Size, Trends, and Forecast
Sources (Natural [Microbial, Plant, and Animal] and Synthetic), Applications (Food & Beverages, Dairy, Sauces & Dressings, Bakery & Confectionery, Meat & Poultry, and Others)
India, China, Australia, Japan, South Korea, Thailand, and Rest of Asia Pacific
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Kerry Group; DuPont de Nemours, Inc.; The Archer Daniels Midland Company; Cargill Inc.; BASF SE; Advanced Food System Inc.; Koninklijke DSM N.V.; and Tate & Lyle PLC
Asia Pacific Food Stabilizers Market Segment Insights:
Plant segment is projected to account for a large market share
Based on sources, the Asia Pacific food stabilizers market is divided into natural and synthetic. The natural segment is further bifurcated into microbial, plant, and animal. The plant segment is expected to constitute a key share of the market during the forecast period owing to increasing demand for natural ingredients and rising trend for vegan foods.
Consumers shifting preference towards plant sourced natural food stabilizes due to its natural properties. Various end-user industries prefer plant based natural food stabilizers to fulfill the demand of consumer for natural food additives.
Food & beverages segment is projected to constitute a major market share
In terms of applications, the market is segregated into Food & Beverages, Dairy, Sauces & Dressings, Bakery & Confectionery, Meat & Poultry, and Others. The food & beverages segment is expected to account for a key share of the market during the forecast period owing to it helps in improving cooking yield, color, texture, shape, and stability of end-product.
The demand for beverage stabilizers is increasing due to its high usage in fruit drinks industries. Most commonly used food stabilizers are gelatin, agar, guar gum, carrageen, and alginate.
However, the dairy segment is anticipated to expand at a rapid pace during the forecast period due to changing eating habits and lifestyles as well as high usage of food stabilizer in dairy products such as flavored milk, ice-cream, and frozen dessert. Carrageenan and guar gum food stabilizers are highly used in dairy products.
China is expected to dominate the market
On the basis of geography, the Asia Pacific food stabilizers market is categorized as India, China, Australia, Japan, South Korea, Thailand, and Rest of Asia Pacific. The market of China is anticipated to expand at an impressive CAGR during the forecast period.
The regional market growth can be attributed to increasing demand for processed food, rising industrial base, and increase in disposable income. Changing food preference of consumers and increasing demand for convenience food is growing demand for food stabilizers in the country.
The Asia Pacific food stabilizers market has been segmented on the basis of
- Food & Beverages
- Sauces & Dressings
- Bakery & Confectionery
- Meat & Poultry
- South Korea
- Rest of Asia Pacific
- Kerry Group
- DuPont de Nemours, Inc.
- The Archer Daniels Midland Company
- Cargill Inc.
- BASF SE
- Advanced Food System Inc.
- Koninklijke DSM N.V.
- Tate & Lyle PLC
Key players competing in the Asia Pacific food stabilizers market include Kerry Group; DuPont de Nemours, Inc.; The Archer Daniels Midland Company; Cargill Inc.; BASF SE; Advanced Food System Inc.; Koninklijke DSM N.V.; and Tate & Lyle PLC. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.