Lucintel's latest market report analyzed that stabilizers in the food additives provides attractive opportunities in the bakery & confectionery, beverages, dairy & frozen products, and poultry & sea food products markets. The stabilizers in the food additives market is expected to reach $5.5 billion by 2028 with a CAGR of 6.5%. In this market, pectin is the largest segment by product type, whereas bakery & confectionery is largest by application.
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Based on product type, the stabilizers in the food additives market is segmented into pectin, agar, gelatin, xanthan gum, carrageenan, and guar gan. The pectin segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, as it is used in variety of food products, such as milk drinks, fruit juices, sweets, and dessert fillings.
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The Stabilizers in the Food Additives Market is marked by the presence of several big and small players. Some of the prominent players offering stabilizers in the food additives include Cargill, DowDuPont, Tate & Lyle, Kerry, ADM, BASF, Nexira, and CP Kelco.
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