The global meat stabilizers blends market size is expected to reach US$ 6241.8 Mn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 7.8% CAGR between 2020 and 2030. According to the report, rising importance of stabilizing agents for improving texture and smoothness of the finished goods is expected to drive the growth. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
It includes in-depth insights into the meat stabilizers blends market. Some of these are:
- The estimated value of the market was at US$ 2956.1 Mn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- Dairy & dairy products is estimated to lead the market.
- The spread of the virus has triggered panic across the world and shaken the confidence of investors.
- The texturizing function segment is projected to be the fastest-growing in the food stabilizers (blends & systems) market during the forecast period.
- Plant-sourced stabilizers to be the fastest growing source for food stabilizers.
- High growth is expected in the Asia Pacific food stabilizers market.
“The key drivers for the market’s growth are the increase in consumption of processed food, the multi-functionality of food stabilizers, and the growth in the use of natural ingredients in foods owing to the rise in consumer awareness about healthy diet,” said a lead analyst at FMI.
Rising Consumption of Organic Food Will Boost Growth
Meat stabilizers help to improve the texture of meat products by providing smoothness and improving colour. These blends are used extensively in developing economies such as India and China due to the rising demand for broiler meat there. Meat stabilizer blends are also used in commercial applications such as hotel kitchens and restaurants. Higher amounts spent in eateries and dining places among millennials are expected to support market growth.
Improving standards of living and increasing disposable incomes are other major factors that are boosting the trend of eating out, thereby, positively influencing this market. Increasing research & development activities are being undertaken to examine the scope for organic stabilizer blends and to expand the application of these products. Rising consumption of organic food products, especially in countries such as the UK, the US, France, and Germany is expected to contribute significantly to achieving this end. Such factors are essential for revenue growth over the foreseeable future.
For More Detailed Insights on Meat Stabilizers Blends Market
However, in the future growth witnessed in market may get hampered due to the impact of coronavirus. Rumours linking meat consumption to the spread of disease may restrain the market to an extent. Also some of the most lucrative markets located in the U.S., U.K, Germany, and China may suffer due to the coronavirus outbreak.
Who is Winning?
Some of the leading players in the global meat stabilizer blends market are Meat Cracks Technologie GmbH, Cargill Inc., Pacific Blends Ltd., International Food Products Corporation, GC Ingredients Inc., Hydrosol GmbH & Co. KG, Firmas FPS Food Processing System, Tate & Lyle PLC, Van Hees GmbH, Caragum International, REGIS Sp. z o.o., Caldic B.V.
Increasing demand for organic foods in the developed countries including U.S., Germany, France, and U.K. is expected to expand the scope of application for the organic stabilizing agents in the industry. Manufacturers focus on R&D of organic products to meet the consumer demand. Growing number of organic meat producers on a global scale is expected to expand the utility of various stabilizing additives in near future.
Get Valuable Insights into Meat Stabilizers Blends Market
Future Market Insights, in its new report, presents an unbiased analysis of the global meat stabilizers blends market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of source, the market can be segmented into plant-based, seaweed, yeast and animal based. Based on type, the market can be classified into gum, pectin, carrageenan and gelatine. Based on function, the market can be bifurcated into colour stabilizer, flavour enhancer, pH stabilizer, emulsifier, moisture retention and thickening agent. Based on end-use, the market can be classified into meat processing, food premixes, foodservice and pet food. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.
About Food & Beverages division of FMI
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.