The Global Food Stabilizers (Blends & Systems) Market was valued at USD 2.45 Billion in 2021, and it is expected to reach a value of USD 3.76 Billion by 2028, at a CAGR of 6.35% over the forecast period (2022 – 2028).
A substance that is added to improve properties such as performance, durability, efficiency, shelf life, and productivity is referred to as an additive. Stabilizers, epoxidized soybean oil (ESO), and phosphorus-based flame-retardant additives are examples of specialty additives used in end-use industries like agriculture, healthcare, and pharmaceuticals, and packaging films. Under the influence of light, heat, air, and moisture, lubricants such as highly refined base oils and oils from renewable resources tend to degrade their performance. As a result, using lubricant additives like antioxidants can help to delay aging and improve performance. Sulfur-containing additives are also used in metalworking processes and gear and bearing lubrication because of their ability to prevent cold welding of metal surfaces under high pressure.
Complimentary updates for one yearGlobal Food Stabilizers (Blends and Systems) Market to Reach $3 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Food Stabilizers (Blends and Systems) estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 3.6% over the analysis period 2020-2027. Texturizing, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$1.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Stabilizing segment is readjusted to a revised 3.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $614.3 Million, While China is Forecast to Grow at 4.9% CAGR
The Food Stabilizers (Blends and Systems) market in the U.S. is estimated at US$614.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$417 Million by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$308.9 Million by the year 2027.
Moisture Retention Segment to Record 3.4% CAGR
In the global Moisture Retention segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$414.7 Million in the year 2020 will reach a projected size of US$518.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4% CAGR through the analysis period.
Market Trends & Drivers:
Rise in Use of Natural Ingredients in Foods Fuels Demand for Natural Stabilizers. Food Stabilizer Innovations Augment Growth Prospects Increased use of Clean-Label Stabilizers, A Notable Trend Rise in Veganism and Demand for Alterative Dairy Product Boosts Demand for Vegan Friendly Food Stabilizers Global Vegans and Vegetarian Population Share of Total Population: 2014, 2020, and 2030.
Consumption of non-alcoholic beverages is increasing, owing to population growth, rise in demand for product diversification, motivation to avoid alcoholic beverages, and growing consumer preference for healthier habits. Moreover, the rise in temperature of the planet has urged people to consume non-alcoholic beverages to keep themselves hydrated. The key market trend in the global additives market will propel the need for additives in the beverage sector.