Food Stabilizers Market To Grow 4% Annually By 2023

|
EmailFacebookTwitter

Chicago — The global food stabilizers market is anticipated to increase 4 percent, compound annually, by 2023, with total sales reaching $2.8 billion, according to MarketsandMarkets Inc.

Consumer interest in natural items, increasing demand for customized products by food manufacturers and versatility in food stabilizer uses across industries will contribute to growth, the market research company report.

Plant-derived stabilizers dominated the market in 2017, and the sector is anticipated to have outpace the overall market during the forecast period because of rising demand for natural food additives and relatively low cost of plant-based ingredients compared with other sources, according to MarketsandMarkets.

Food stabilizers that feature texture functions are expected to have the highest growth during the period, while stabilizers designed for beverages are expected to be the most used in terms of application.