The Asia-Pacific food stabilizer market is projected to grow at a CAGR of 5.58% during the forecast period (2020-2025).
Key Highlights
- The increasing consumption of ready-to-eat and ready-to-drink beverages has propelled the application of food stabilizers in the market in the Asia-Pacific region. The market is further boosted by the burgeoning demand for convenience food and organic food across.
- Technological advancements have led to the development of various stabilizer blends, which are not only multi-functional, but also cost-effective at the same time. Continuous innovations in the food stabilizer market are anticipated to offer potential opportunities to manufacturers across the region.
- The varying regulations pertaining to the approval of food stabilizer ingredients and the restrictions associated with the amount and dosage of ingredients in the final product are the key restraining factors to the market growth.
Key Market Trends
Significant Usage of Stabilizers in Beverage Applications
Beverages are one of the fastest-growing food stabilizer markets as they are among the most-consumed food products among adults and children. However, the incorporation of food stabilizers in beverages, like xanthan gum, carrageenan, and pectin. This is likely to further boost the sales of food stabilizers, as it is being used in most of the low-calorie drinks, fruit juice, Energy drinks, bottled water, sports drinks, and yogurt drinks across the region. Furthermore, food stabilizers play a vital role in enhancing taste in mid-calorie and zero-calorie beverages. Thus, manufacturers across the region are using these products in beverage aids in using minimal quantities of sweeteners that are crucial in attaining texture, stability, and flavor.
China Accounts For A Significant Share In The Market
China, with the development of technology, accounts for more than 50 pectin authorized producers. The resources for extracting pectin are mainly citrus and apple pomace. At present, China, with abundant pectin resources, still can’t meet the demands of the market as a low utilization rate of materials, although the pectin output appears to be increasing steadily year by year and improved infrastructure on R&D to develop new products, flavors, textures, tastes is slowly improving in the country. The domestic pectin output tends to grow rapidly in the next few years which is expected to drive the food stabilizer market growth. Kappa is the most used carrageenan in China, as it acts as a stabilizer, emulsifier, and bodying agent in cheese, chocolate, ice cream, and puddings.
Competitive Landscape
The Asia-Pacific food stabilizers market is fragmented with the presence of several global as well as domestic food ingredient companies competing across the market. Some of them include Tate & Lyle PLC, Cargill, Incorporated, Ingredion Incorporated, Palsgaard A/S, DuPont de Nemours, Inc., Archer Daniels Midland Company, and others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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