The market applications for stabilizer blends include bakery, confectionery, dairy, sauces & dressing, meat & poultry products, convenience food, and beverages. The blends application in convenience food is estimated to grow with increasing popularity and convenience of processed food. In 2012, Europe was the largest market for stabilizer blends that accounted for a market value share of about 45%.
The increasing demand of blends for food application is an important driving factor in the market. The blends impart different properties to food applications such as stability, texture, and retaining moisture.
The stabilizer blends market is projected to grow at a CAGR of 4.2% with its increasing demand in the Asia-Pacific region. The increasing food demand in the global market with the increasing population and changing consumer lifestyle influences the stabilizer blends food application market.
The leading players in stabilizer blends market include Cargill, Inc. (U.S.), Tate & Lyle (U.K.), DuPont (U.S.), and Kerry Group (Ireland). The market players in stabilizer blends continuously invest in R&D to introduce new solutions as per the market demand. Considering the demand in the market, these companies are also expanding their facilities to increase their production capacity and strengthen their global network.