Global Food Stabilizer Market to Reach USD 9.26 Billion by 2021: Transparency Market Research
By Business Wire News
By Business Wire News
A recent report published by Transparency Market Research titled “Food Stabilizer Market – Global Industry Analysis, Trend, Size, Share and Forecast 2015–2021” forecasts that the global food stabilizer market is likely to demonstrate a moderate CAGR of 4.0% between 2015 and 2021. As against its value of US$7.04 billion in 2014, the global food stabilizer market is estimated to reach US$9.26 billion by 2021.
Evolving modern lifestyles have greatly influenced the eating habits of millions around the world. Busy schedule and changing dietary patterns are fuelling the market for convenience food, which in turn is propelling the global food stabilizer market. Food stabilizers are primarily used in convenience food, processed food, and other varieties of ready to eat foods to improve the texture, stability, and shelf stability of food products. Increase in demand for such food products is likely to boost the global food stabilizer market.
The report has cited that the increasing demand for organic food is also significantly contributing to the development of the food stabilizer market. Food stabilizers are used in organic foods to increase their shelf-life and the overall quality of the food products. Hence, food stabilizer market also benefits from the growing health awareness across the globe.
Based on the market categories in terms of application, the dairy products segment accounted for 25% of the market in 2014. The market segment is projected to expand at a below-average 1.1% CAGR between 2015 and 2021. Among the key geographic segments, Europe led the global food stabilizer market.
However, robust development across countries such as Japan, India, and China will fuel the demand for packaged and ready to eat food in Asia Pacific, consequently propelling the food stabilizer market in the region.
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.