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(Health-NewsWire.Net, May 12, 2021 ) 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.
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On the basis of application, the beverage stabilizers market is 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 in fruit drinks is increasing due to the rise in the 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. These factors are projected to drive the growth of this segment.
The beverage stabilizers segment, by type, is segmented into xanthan gum, carrageenan, gum arabic, carboxymethyl cellulose, and others, which include pectin, guar gum, and locust bean gum. Xanthan gum accounts for the largest market due to the increase in demand for gluten-free products. Xanthum gum serves as an effective alternative to gluten through its improved binding characteristics that help drive its demand globally. Xanthan gum offers several advantages, such as texture enhancement, stabilization, shelf life extension, and water retention, due to which it is used by beverage producers for various applications.
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.
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With the recent consolidations in the beverage stabilizers industry, there has been a rise in the competition among major players in the beverage stabilizers market. This growth was primarily supplemented by the rise in population and increase in demand for food & beverage products
Key participants in the market are manufacturers, beverage stabilizers manufacturers, distributors & suppliers, associations & industry bodies, and end users.
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) are the leading players in this market.
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