(I-BusinessNews.Com, January 17, 2020 ) 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. Beverage stabilizers impart textural properties, physical functionalities, or physical stability to the products. They primarily stabilize oil and water emulsions. Beverage stabilizers are essential food additives that have been used by food & beverage manufacturers to maintain the end-product stability, texture, shape, and color.
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.
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.
The fruit drinks segment is estimated to account for the largest share in the beverage stabilizers market in 2018.
On the basis of application, the beverage stabilizers market has been segmented into fruit drinks, dairy products, soft drinks, alcoholic beverages, and other applications such as tea & coffee and sports & energy drinks. The fruit drinks segment is estimated to account for the largest share in 2018. The demand for beverage stabilizers for fruit drinks is increasing due to the rising consumption of beverages. Beverage stabilizers are used to thicken water and add body, texture, and mouthfeel to beverages such as juices, table syrups, particularly low-calorie syrups, and alcoholic beverages.
North America is estimated to dominate the beverage stabilizers market in 2018.
The North American region is estimated to form the largest market for beverage stabilizers in 2018. North American consumers are considered to be more health-conscious and pay close attention to the ingredients used in the food products and medicine they consume. The demand for natural food ingredients influences the buying behavior of key food & beverage manufacturers in the market. The potential demand for beverage stabilizers is further driven by the foodservice industry in the region.
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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