The Global Food Stabilizers Market was valued at US$ 8.42 billion in 2016. 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 segment in the food stabilizer market, owing to rising disposable income and changing lifestyle. For instance, confectionaries that are sugar free and are of high calories are found to be popular among consumers. Furthermore, sugar confectionary and baker’s confectionery are sub segments of confectionary segment. Asia Pacific holds a dominant position in the global confectionery market and Latin America is the fastest growing region in the confectionery market. Moreover, confectionery products are popular among people of all ages and according to ’ analysis, the global confectionery market is expected to grow at a CAGR of 6.59% during 2017-2025, thereby providing a highly conducive environment for growth of the market.
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