GLOBAL SYNTHETIC FOOD STABILIZER MARKET SIZE (2023 - 2030)

The Synthetic Food Stabilizer Market was evaluated at $1.4 billion in 2023, and it is projected to reach $ 1.96 billion by the end of 2030, with a CAGR of 4.3 % during the forecast period (2023 - 2030).

The primary drivers projected to propel the synthetic food stabilizer market forward are the growing demand for a variety of convenience food products and the incorporation of various international cultures as well as the multifaceted properties depicted by the stabilizers.

Industry Overview:

In ancient times, food was considered to be a basic necessity. It was a quintessential part of survival and hence only used for the most essential survival needs. But food today has progressed past that stage a long time ago. Nowadays, culinary science is a very developed and advanced field that deals with the making of food. It deals with the textures, temperatures, presentation, and most importantly the taste of food. This growth in the market has developed a demand for food stabilizers. As the name suggests these components are used to stabilize food in terms of their textures and their longevity. Several stabilizers can be used in food to make sure that the food doesn’t spoil very quickly and has a longer shelf life. Most stabilizers like gelatin and agar find their application in baking as they are used to stabilize and give textures to creams, candies, and different types of cakes and jellies. Synthetic food stabilizers are relatively more potent and are used widely in commercial settings and they are also sometimes used as vegan substitutes for animal-based products.

COVID-19 Impact on the Synthetic Food Stabilizer Market:

The COVID-19 pandemic was a result of the spread of the coronavirus which was a very deadly form of the common flu virus. Initially, its effects were believed to be similar to that of the flu or a common cold but as time passed it was observed to be very deadly. Because of this, governments worldwide imposed lockdowns and curfews to contain the spread of the virus and to ensure that the least possible number of people were affected due to this. This led to the shutdown of a majority of transportation and travel services. People could not go from one place to another and transporting goods became just as difficult. Because different products were not able to reach their destinations, supply chain issues were caused in several industries. A lack of raw materials and overall product shortage also affected the synthetic food stabilizer market. These stabilizers are made in a laboratory under controlled conditions which was difficult to operate in the time of a pandemic. Also, the materials required to synthesize the products weren’t available.

Market Drivers:

The growing demand for a variety of convenience food products and the incorporation of various international cultures is poised to drive the market growth for Synthetic Food Stabilizer:

In major cities and towns, the demand for convenience food products has widely increased. With the growth of the fast-paced lifestyle, people are observing a steady rise in demand for foods that are easy to carry around, delicious, and stay healthy and tasty for long periods. Stabilizers play a huge role in ensuring that these factors are satisfied in a product. Also, with the growth of the internet people are being exposed to different international cultures that use different ingredients, raw materials, and products. People are attracted to these cuisines and want to replicate them to experience that culture to a level. Because of this, synthetic food stabilizers are also very much in demand.

The multifaceted properties depicted by the stabilizers help to drive market growth:

Several food products that have been observed in the world possess only singular basic properties. They cannot carry forward the versatility that is demanded across several cuisines and a variety of foods. Synthetic food stabilizers possess various multifaceted properties that make them extremely beneficial for the same. They influence the food taste and how it eats at different temperatures. They also influence the texture and mouthfeel of the food which can be a crucial element in food tasting. They also help increase the shelf life of a product making its lifespan larger and increasing longevity. Due to these properties, the synthetic food stabilizers market is expected to grow.

Market Restraints:

The Synthetic Food Stabilizer Market's growth is being stifled by the competition that is observed from its counterparts:

With everything being treated with some form of chemicals and long-term exposure to it, people are becoming averse to chemical-induced products. They prefer organic and natural products to their synthetic counterparts. Natural products that don’t harm the animals are cruelty-free and vegan. They show similar properties to synthetic food stabilizers and give them very strong competition. With more people inclining towards purchasing nature-based real products, the synthetic food stabilizers market is being restrained.

GLOBAL SYNTHETIC FOOD STABILIZER MARKET REPORT COVERAGE:

Market Segments:

This research report on the global Synthetic Food Stabilizer Market has been segmented based on Type, Function, Application, and Region.

Synthetic Food Stabilizer Market- By Type

• Guar Gum

• Cellulose and Cellulose Derivatives

• Others

Guar gum is a synthetic product that is made in the laboratory. It can be semi-synthesized by incorporating some form of natural products in it to make it more beneficial. Cellulose and cellulose derivatives are the products that are believed to be obtained from plants but to get actual use out of them they need to be synthesized and chemically treated. In 2022, guar gum held the highest market share and is anticipated to continue its dominance during the forecast period as well.

Synthetic Food Stabilizer Market- By Function

• Stability

• Texture

• Moisture Retention

• Others

The texture holds the largest segment based on the function of the synthetic food stabilizers. Stability follows at a closed second. Synthetic food stabilizers have a jelly-like product when incorporated well into a product which puts them in demand and makes them very useful.

Synthetic Food Stabilizer Market- By Application

• Dairy Products

• Confectionary

• Meat and Poultry

• Sauces and Dressing

• Bakery

•  Ready to Eat Food

•  Beverages

• Others

The bakery segment holds the largest market share in the synthetic food stabilizers market. Bakery products need to be stored well for longer periods as they can spoil easily. Also, gelatinous textures are required across products which also makes it a large market. The ready-to-eat food sector is estimated to grow at the fastest rate as it holds snacks that are pre-packaged and need to last a year or two after its initial manufacturing to be profitable.

Synthetic Food Stabilizer Market- By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

Europe is the largest market for synthetic food stabilizers owing to its large food industry and the fact that it holds great significance in the global food market.

Asia Pacific is estimated to show the fastest growth among all the regions. This growth can be attributed to its increase in development regarding the food industry and increasing awareness regarding new food products and techniques.

Major Key Players in the Market

1. Cargill Incorporated.

2. DuPont

3. Tate & Lyle

4. Kerry Inc.

5. CP Kelco U.S. Inc

6.  Palsgaard

7. Ashland

8. Ingredion Incorporated

9.  Hydrosol GmbH & Co. KG

10.  Advanced Food Systems Inc.

Market Insights and Developments

In April 2021, Stabilizer University was launched by the leading market player Tate and Lyle to help develop new generations of food scientists and deal with the stabilization issues faced currently.