Market Trends of Food Stabilizers Industry
Increased Application in the Bakery and Confectionery Segment is Fueling the Growth
With changing lifestyles, consumers prefer healthy foods to those with a high percentage of oil and fats. The demand for prepared and convenient food products, such as cakes, cookies, and bread, has increased due to the benefits of convenience food, such as lesser preparation time and easy handling. According to Bikaji, the Size of the savory snacks market in India was INR 751 billion in 2022 and is expected to reach INR 1,227 billion by 2026. Food stabilizers make up a tiny part of the final product, but they significantly impact the final packaged product. For instance, guar gum is used in gluten-free baked goods like cakes, cookies, and bread, and it helps bind ingredients together and improve texture. Similarly, xanthan gum is used as a stabilizer in gluten-free bakery products to prevent ingredients from separating.
Gelatin has gelling and thickening jelly-like properties, making it an ideal hydrocolloid gummy candy. Gummy candy is trendy among children due to its attractive shapes and colors. According to Agriculture and Agri-Food Canada, the retail sales of sugar confectionery like gummies, chews, jellies, and pastilles in the United States were USD 8,318.8 million. Thus, the expanding demand for gummies globally is expected to augment the growth of food stabilizers during the forecast period. The growing prevalence of gelatin ingredients in exotic delicacies like aspic and desserts helps the market gain significant traction worldwide. The versatility of food stabilizers in various food and beverage products may propel the market's growth.
Europe Holds a Prominent Share in the Market
Food stabilizers play a significant role in providing better aroma, color, and texture. Growing preference for specialized and customized blends by confectionery and bakery product manufacturers is driving demand for food stabilizers in the region. The demand for natural ingredients in packaged food has influenced ingredient buying behavior, which is expected to drive the demand for natural stabilizers in the region. According to the Office for National Statistics (UK), in 2022, the average purchase per person per week of fresh and processed fruit and vegetables (excluding potatoes) in the United Kingdom was 2,106 grams. Eventually, key players in the market focus on expansion and product development to gain market share in the food stabilizer market.
Food stabilizers are mainly used in the food industry due to their thickening and stabilizing properties. They also improve the texture, consistency, flavor, shelf life, and appearance of food products. Increasing disposable income and changing lifestyles fuel the market's growth. According to the Office for National Statistics (UK), in 2023, the annual average of the consumer price index (CPI) of food in the United Kingdom was 132. Stabilizers also prevent foods from separating and allow them to flow smoothly out of their containers. Food stabilizers are commonly employed in the formulations of bakery products, fruit juices, soups, ice cream, sauces, gravies, and gluten-free products.
