A recent market research report published by Report Linker predicts good growth prospects for the food stabiliser market in the coming years. The new industry analysis estimates the market for food stabilizers (mixtures & systems) at 2.3 billion US dollars in 2018, and forecasts a sales volume of 2.8 billion US dollars with an annual growth rate of approximately 4.0% through 2023.
According to the report, the growth of the market for food stabilizers is being influenced by growing demand for healthier and more natural food ingredients. The main drivers of the market are the increase in processed food consumption, the multifunctionality of food stabilisers and the increasing use of natural ingredients as consumers become more aware of healthy eating.
The EU is expected to dominate the market for food stabilisers over the forecast period. Rising demand for food stabilisers in bakery products, beverages and ready meals is expected to further boost industry demand in this region. Consumer health awareness, together with increasing research and development into natural food and drink ingredients, will also play an important role.
Plant-based stabilisers are the fastest growing segment in the market. This is mainly due to increasing demand for natural ingredients and the rise of trendy vegan foods. This has resulted in the industry’s increasing demand for plant-derived stabilizers.
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