The major challenges being faced by the market players in the Food Stabilizers Market are the fluctuating prices of raw materials and increasing awareness among consumers regarding clean label products. In order to tackle these challenges, manufacturers of food stabilizers are focusing on their R&D activities and developing products that cater to the changing consumer preferences. In addition, prominent vendors in the food stabilizers market are expanding their production capacity and expanding customer base by opening new production plants in untapped markets. For instance, Kerry PLC. opened a new production plant in Moscow to exploit the growth opportunities present in Russia and serve the Russian customers.
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Competitive Analysis
Some of the key players in the global food stabilizers market are Ingredion Incorporated (US), Tate & Lyle (UK), Nexira (France), DowDuPont (US), Cargill, Incorporated (US), Kerry Group Plc. (Ireland), Ashland (US), CP Kelco (US), Archer Daniels Midland Company (US), BASF SE (Germany), Hydrosol (Germany), and Palsgaard (Denmark)
Market Segmentation:
The Global Food Stabilizers Market has been segmented based on source, application, and region. By Source Market is classified into Natural and Synthetic. By Application Market is Classified into Dairy and Frozen Dessert, Bakery & Confectionary, Convenience Food, Meat, Poultry & Seafood, Beverages.
Regional Analysis
Based on region, the global food stabilizers market has been segmented by North America, Europe, Asia-Pacific, and RoW. Europe is anticipated to dominate the global food stabilizers market due to the growing food processing industry in the region. In addition, the presence of several manufacturers of food stabilizers in Europe is also driving the region’s growth in the global market.
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Market Forecast
The global food stabilizers market has been segregated, by application, into dairy & frozen desserts, bakery & confectionary, convenience food, meat, poultry & seafood, beverages, and others. The convenience food segment is expected to garner the largest revenue share in the global food stabilizers market due to the need for food stabilizing additives in such category of food. Food stabilizers help in maintaining the structure and appearance of convenience food by balancing its physio-chemical properties.
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