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Beverage Stabilizers Market to Witness Unprecedented Growth in Coming Years

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Beverage Stabilizers Market to Witness Unprecedented Growth in Coming Years

April 24
01:03 2021
Beverage Stabilizers Market to Witness Unprecedented Growth in Coming Years

MarketsandMarkets™
The beverage stabilizers market is estimated at USD 117.1 million in 2018, and is projected to grow at a CAGR of 5.6% to reach a value of USD 153.8 million by 2023

The report Beverage Stabilizers Market by Type (Xanthan Gum, Carrageenan, Gum Arabic, and CMC), Function (Stabilization, Texturization, and Viscosification), Application (Fruit Drinks, Dairy Products, and Soft Drinks), and Region – Global Forecast to 2023″, The beverage stabilizers market is estimated at USD 117.1 million in 2018 and is projected to reach a value of USD 153.8 million by 2023, at a CAGR of 5.6%. The growth of the beverage stabilizers market is driven by the rising demand for healthier and natural food ingredients from the food industry. The key drivers for the market’s growth are the rise in beverage consumption, the multi-functionality of beverage stabilizers, and the growth in the use of natural ingredients in foods due to increasing consumer awareness about healthy diets.

Beverage Stabilizers Market

The worldwide demand for beverage stabilizers is on the rise, particularly in the fruit drinks industry. The demand is governed by the performance quality and functionality of the products. Increasing demand for beverage stabilizers is one of the factors supporting market development and significant innovation.

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The global market is segmented on the basis of application into fruit drinks, dairy products, soft drinks, alcoholic beverages, and others (which include tea & coffee and sports & energy drinks). The fruit drinks dominated the beverage stabilizers market; this segment accounted for the largest share in 2017. The increasing range of applications of stabilizers in the beverage industry is expected to fuel their demand for beverage stabilizers during the review forecast period. The dominance of this segment can be attributed to the increasing R&D investments from food ingredients companies and ongoing research for vaccinations.

The market is segmented on the basis of function into stabilization, texturization, viscosification, and others such as emulsification, thickening, and anti-crystallization. Beverage stabilizers prevent sedimentation, degradation, and turbidity during beverage processing and provide stability to beverages.

On the basis of the type, the global market is segmented into xanthan gum, carrageenan, gum arabic, carboxymethyl cellulose (CMC), and others include pectin, guar gum, and locust bean gum. Xanthan gum is used as a stabilizer, thickener, suspending agent, and emulsifier. It is widely used as an additive in gluten-free products, owing to its better binding characteristics in comparison to other food additives such as guar gum and locust bean gum.

The market is also segmented on the basis of the region into North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe and North America were the dominant regions in the beverage stabilizers market in 2017, as North America has several national institutes that support the consumption of natural products that support the growth of this market in the North American region. However, Asia Pacific is projected to be the fastest-growing market during the forecast period, due to increased awareness and government funding, and research for and on proteomics and increasing R&D investments in the region.

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The key drivers for the market’s growth are the rise in beverage consumption, the multi-functionality of beverage stabilizers, and the increase in the use of natural ingredients in foods, due to growth in consumer awareness about healthy diets. However, adherence to international quality standards and regulations for beverage additives such as stabilizers and the fluctuation of raw material prices act as restraints for the market’s growth.

Companies such as Cargill (US), Tate & Lyle (UK), DowDuPont (US), Ashland (US), Palsgaard (Denmark), Glanbia Nutritionals (US), Kerry Group (Ireland), Advanced Food Systems (US), Chemelco International (Netherlands), and Nexira (France) acquired leading market positions through the provision of a broad portfolio, catering to the varied requirements of the market, along with a focus on the diverse end-user segments. They are also focused on innovation and are geographically diversified.

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