The Global Food Stabilizers Market was valued at US$ 8.42 billion in 2016, according to a new report published by Coherent Market Insights. Increasing disposable income, growing urbanization and rapid inclination towards convenience food in Asia Pacific, which includes China, Japan and India is expected to witness descent growth over the forecast period. As per stats released by The National Bureau of Statistics China, annual per capita disposable income of urban family increased from US$ 2,271.0 in 2008 to US$ 3,408.5 in 2012, which is expected to propel market growth during the forecast period. Moreover, in 2013, according to stats provided by United Nations Department of Economic and social Affairs (UN DESA), China and India experienced the largest urban population growth. Increasing health consciousness and public awareness of food borne diseases and growing initiatives by various government and non-governmental organizations inclined towards use of food stabilizers against bacteria in North America and Europe is dominating the global food stabilizer market.
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Confectionary is the second largest segments of food stabilizer market. Increasing disposable income and changing lifestyle are some of the major driving factors of the confectionary segment. For instance, sugar free and high calorie confectionary are popular among consumers. Furthermore, confectionary is categorized into sugar confectionary and bakers confectionery. Asia Pacific dominates the global confectionery market and Latin America is the fastest growing confectionery market. Moreover, confectionery products are popular among people of all ages and as per stats provided by Coherent Market Insights, the global confectionery market is expected to grow at a CAGR of 6.59% during 2017-2025. This in turn is projected to create a highly conducive environment for market growth.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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