Beverage stabilizers are food additives used to homogenize the ingredients after blending, maintaining the physio-chemical properties of the drink. These stabilizers, when added to a beverage, maintain its stability, texture, and structure. Over the past few years, the global beverage stabilizers market is growing at a rapid pace; mainly due to the burgeoning food & beverage industry, worldwide.
Multifunctionality of beverage stabilizers is a major factor driving its applications across the food industry. Moreover, factors such as an increase in the consumption of alcoholic and non-alcoholic drinks and increasing demand for bottled & ready-to-drink beverages accelerate the market on a global level. Resultantly, the thriving beverage stabilizers market is growing moderately, offering substantial growth opportunities to the market players.
According to an eminent research firm - Market Research Future (MRFR), the global beverage stabilizers market is expected to garner colossal accruals by 2023. In its recently published analysis, MRFR also asserts that the market would register a significant CAGR during the forecast period (2017-2023). Beverage stabilizers are witnessing a vast scope in blended beverages, maintaining the viscosity, texture, and flavors.
Additionally, the increasing focus of market players on blended drinks is supporting the growth of the market, expanding the beverage menu for consumers. For instance, smoothies, a blended beverage comes with specific health benefits that are garnering increasing popularity among health-conscious consumers. Beverages, dairy & frozen desserts, and sweet & savory drinks are dominant application areas of these stabilizers.
On the other hand, stringent international quality standards and regulations imposed by the government are impeding the market growth, substantially. Price volatility and the demand-supply gap in the raw materials required for the production of beverage stabilizers are posing challenges to the manufacturers.
Nevertheless, the growing food & beverage industry would support the growth of the market over the assessment period, creating enormous market demand. The augmenting demand and popularity of various exotic drinks would define the growth landscape of the market globally.
Global Beverage Stabilizers Market – Segments
The report is segmented into four dynamics to widen the scope of understanding,
By Source : Natural and Synthetic.
By Type : Xanthan Gum, Gum Arabic, Carrageenan, and Carboxymethyl Cellulose, among others.
By Application : Dairy Beverages, Alcoholic Beverages, Fruit Drinks, and Soft Drinks, among others.
By Regions : Europe, North America, APAC, and the Rest-of-the-World (RoW).
Global Beverage Stabilizers Market – Regional Analysis
North America is estimated to continue with its dominance over the global beverage stabilizers market throughout the review period followed by Europe. The presence of several prominent market players and consumers of the product, such as the US and Canada, are boosting the regional market growth.
Besides, the increasing demand for bottled beverages is substantiating the demand in the beverage stabilizers market in North America, driving sales in the F&B sector, colossally. Latin America is gaining moderate growth due to the increasing demand for beverage stabilizers.
Europe is another lucrative market for beverage stabilizers globally. The region is expected to account for a significant share over the assessment period, following the North American market closely. The market gets triggered by the rising consumption of alcoholic and non-alcoholic beverages alongside, the high demand for advanced processing technologies and growing inclination towards usages of food additives.
The Asia Pacific beverage stabilizers market is emerging as a profitable market, globally. Factors such as the increasing inclination of consumers towards ready-to-drink beverages, rising per capita disposable income, and the growing food & beverage industry are spurring the growth of the market in the region. Besides, large production units in countries like Australia and New Zealand contribute to regional market growth.
The APAC beverage stabilizers market is projected to grow at a substantial CAGR during the forecast period, experiencing a considerable market demand from the F&B industry. The increasing population in developing countries such as China, India coupled with the changing lifestyles of the consumer is anticipated to stimulate the growth of the overall beverage stabilizers market in Asia Pacific region during the forecast period.
Global Beverage Stabilizers Market – Competitive Analysis
The beverage stabilizers market appears to be highly competitive and fragmented, characterized by the presence of many large and small-scale players. Market players are focusing on optimizing situational awareness of customers to ensure their mission success. To gain a substantial market share, these players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product launch. They invest substantially to drive research and development.
Market players strive to develop Beverage Stabilizers designed to reduce the downtime with longer shelf life and lower costs.
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Players driving the global beverage stabilizers market include Ingredion Incorporated (US), Tate & Lyle (UK), Nexira (France), DowDuPont (US), Cargill, Incorporated (US), Kerry Group (Ireland), Ashland (US), CP Kelco (US), Archer Daniels Midland Company (US), BASF SE (Germany), Hydrosol (Germany), and Palsgaard (Denmark), among others.
Industry/ Innovations/ Related News
July 08, 2018 ---- DuPont Nutrition & Biosciences ApS (Denmark), a leading global provider for food & beverage ingredients, enzymes, and bio-based solutions, announced the development of fermented stabilizer - Grindsted Gellan Veg 200 for plant-based drinks. The new naturally sourced stabilizer is made from fermented bio-based raw materials that cater to the surging plant-based trend.
October 01, 2019 ---- Tate & Lyle’s (North America), a leading food & beverage solutions company announced the implementation of a price increase of up to 12% on its specialty food starches, fibers, and stabilization and functional systems. In June 2019, the company had announced the price increases to go into effect October 01 or as contracts allow. The adjustments reflect an increase in production costs, said the company.
Tate & Lyle provides texturants, sweeteners, and specialty fibers & stabilizers to F&B markets, worldwide. Its primary products consist of high-volume sweeteners, industrial starches, and fermentation products.
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