South America Food Stabilizers Market - Growth, Trends, and Forecast (2020 - 2025)

South America food stabilizers market is anticipated to witness a CAGR of 5.54% during the forecast period (2020-2025).

• The market is mainly driven by the increase in the growth of the health consciousness of consumers in the region which has inflated the demand for processed foods that incorporate stabilizers to maintain consistency over a prolonged period.
• The natural segment holds a prominent share owing to the rise in the awareness regarding several diseases that can develop due to the over or frequent consumption of synthetic stabilizers.
• The progressing dairy sector in the region is expected to show continuous growth due to rapid industrialization and advancement of society, aided by technology.

Key Market Trends

Bakery and Confectionery Sector is Likely to Foster the Market Growth

Growing preference for specialized and customized blends by confectionery and bakery products manufacturers is driving demand for food stabilizers in the regions. Also, the demand for natural ingredients in the confectionery and bakery industry has increased, owing to the spread of awareness regarding the ill-effects of over-consumption of synthetic ingredients. The booming demand for functional foods in the category has influenced the ingredient buying behavior of the FMCG industries and it is expected to drive the demand for natural stabilizers in the country.

Brazil is the largest Market for Food Stabilizers

Brazil is South America’s largest economy and has the highest population, maximum GDP, and the greatest number of trades in South America. Hence, it provides a good opportunity for the ingredient manufacturers to offer their products to the freshly blooming local industries and establish a strong consumer base in the Brazilian market. Additionally, the extensive number of domestic manufacturers of palm oil (which is a stabilizer for peanut butter) further pump the market growth. The speeding meat-alternative industry in the country is also a major segment of potential, along with the well-established processed meat sector in the country. Thus, to evaluate the overall industrial scenario in the country to cater to the demands of both the local population and the trade requirements, the food stabilizer market is likely to witness significant growth over the forecast period.

Competitive Landscape

The South America food stabilizers market is fragmented, owing to the presence of global and regional players in the different countries of the region. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. The global giants are expanding their businesses by strengthening their distribution network in the region to cater to the inflated demand for various food applications, as well as for other industrial uses. Moreover, Argentina and Colombia pose a major opportunity for the industry with the evolving societies in the countries. Few of the major players in this market include Cargill Incorporated, Archer Daniels Midland Company, DuPont, Ingredion Inc., and Advanced Organic Materials S.A.

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