Latin America Food Stabilizers Market was worth USD 1.01 Billion in 2021 and estimated to be growing at a CAGR of 4.80%, to reach USD 1.24 billion by 2026.
Food Stabilizers are used to modify, garnish and preserve the packaged food from getting bad. It helps in stopping the separation of oil and water emulsions in food. It is also used in ice creams to avoid the formation of crystals of ice. Blends provide texture, volume & mouthfeel to the food products.
Food Stabilizers are mainly used in dairy, bakery, convenience food applications and confectionary. Food & Beverage market is the biggest consumer of the Food Stabilizers. R&D sector in this field has recently grown a lot. As a result of R&D, new innovative food stabilizers developed help in improving cooking yield and texture. Most commonly used hydrocolloids used as food stabilizers are alginate, agar, carrageen, gelatin, guar gum .etc.
The growth of the Latin America Food Stabilizers Market is mainly driven by the growing demand of readymade packaged food because this market is the biggest consumer of food stabilizer as they need their packaged food to remain eatable or consumable as long as possible. Countries in this region are developing, so growth rate is good in this region. Food stabilizer companies also pose a threat if their products are consumed in excess because there are many side effects of the food stabilizers like guar gum increases the risk of gas production, loose motions & diarrhoea, gelatin can cause allergies, alginate is not good for pregnant women. As a result, there are strict government restrictions against these products, thus harming this market.
The Latin America Food Stabilizers Market is segmented on the basis of application and functions. The market for Food Stabilizers on the basis of their application is further segmented into Dairy, Confectionary, Dressings, Beverage, Poultry, Convenience, Meat, Sauces and Bakery. On the basis of their functions, this market is segmented into Texture based, moisture reduction based and stability based Food stabilizers. On the basis of application, dairy segment had the largest market share as of 2016, owing to the increasing awareness of people about dairy products.
Geographically the Latin America Food Stabilizers Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Brazil has the fastest growth rate in this region which can be seen from the fact that it has the best economy in this region. It is followed by Mexico and then Argentina.
Key Players in the Market:
Major Key Players in the Latin America Food Stabilizers Market are
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