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Oct 6, 2020 10:26 AM ET

Global Beverage Stabilizers Market Set for Rapid Growth, To Reach USD 8,664 Million by 2024


iCrowd Newswire - Oct 6, 2020

Zion Market Research has published a new report titled “Beverage Stabilizers Market by Type (Xanthan Gum, Carrageenan, Gum Arabic, and CMC), by Function (Stabilization, Texturization, and Viscosification), and by Application (Fruit Drinks, Dairy Products, and Soft Drinks): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024”. According to the report, the global beverage stabilizers market was valued at around USD 5,896 million in 2017 and is expected to reach approximately USD 8,664 million by 2024, growing at a CAGR of around 5.6% between 2018 and 2024.

Stabilizers are compounds that help in maintaining the physical and chemical properties of beverages. They primarily stabilize water and oil emulsions and are used by beverage manufacturers to maintain the stability of end-products. The process of delivering the product to consumers after manufacturing is a time-consuming process. Hence, it is important to maintain product quality to increase its shelf life.

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Global Beverage Stabilizers Market

The major factor driving the beverage stabilizers market is the multi-functionality of beverage stabilizers. The increased functionality and performance of beverages, especially nutritional beverages, are likely to drive the demand for beverage stabilizers in the future. Moreover, the growing research and development and increased incorporation of natural ingredients in beverages are anticipated to boost the beverage stabilizers market in the estimated timeframe. However, various international food quality standards for beverage additives and the increasing cost of raw materials might hinder this market in the upcoming years.

By type, the market includes carrageenan, gum Arabic, CMC, and Xanthan Gum. Xanthan gum is anticipated to dominate the market in terms of revenue, owing to its wide range of application in the beverage industry, such as a thickener, stabilizer, emulsifier, and suspending agent. By application, the beverage stabilizers market is segmented into soft drinks, dairy products, and fruit drinks. Fruit drinks are anticipated to grow at the fastest rate in terms of revenue, due to the growing health awareness of the population. By function, the beverage stabilizers market is segmented into stabilization, texturization, and viscosification. The stabilization segment is likely to contribute a significant revenue share in the forecast time period.

By geography, Asia Pacific is projected to be the fastest growing region in terms of revenue in the upcoming years. Evolving economies with an increasing population base and growing beverages demand are likely to drive this regional market. North America and Europe are the prominent regions that are likely to hold major market shares in terms of revenue. Both regions are anticipated to show significant growth in the beverage market, owing to the increasing popularity of healthy beverage options, which, in turn, is anticipated to fuel the beverage stabilizers market in the future. The Middle Eastern and African region is projected to show considerable growth during the forecast time period, due to the growing beverage demand. Latin America is anticipated to witness a high beverage demand due to growing tourism in the region, which is anticipated to boost this regional market in the future.

Some key players of the beverage stabilizers market include Glanbia Nutritionals, Cargill Inc., Nexira, Dow Du Pont, Palsgaard, Kerry Group, Advanced Food Systems, Chemelco International, Ashland, and Tate & Lyle, among others.

This report segments the global beverage stabilizers market as follows:

Global Beverage Stabilizers Market: Type Analysis

Global Beverage Stabilizers Market: Application Analysis

Global Beverage Stabilizers Market: Function Analysis

Global Beverage Stabilizers Market: Regional Analysis

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Keywords:    Beverage Stabilizers Market

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