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 beverage stabilizers 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 beverage stabilizers 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 consumption of natural products that support the growth of the beverage stabilizers 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.
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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Beverage Stabilizers Market 4.2 Market Size For Beverage Stabilizers, By Region 4.3 Market For Beverage Stabilizers, By Type 4.4 Market For Beverage Stabilizers, By Application 4.5 Market For Beverage Stabilizers, By Function & Region, 2017
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 220.127.116.11 Increasing Consumption of Beverages 18.104.22.168 Growing Demand for Customized Stabilizer Blends By Food & Beverage Manufacturers 22.214.171.124 Multifunctionality of Beverage Stabilizers Leads to Their Wide Applications 126.96.36.199 Increased Health Consciousness Among Consumers Drives the Natural Stabilizers Market 5.2.2 Restraints 188.8.131.52 Stringent International Quality Standards and Regulations 5.2.3 Opportunities 184.108.40.206 The Emerging Markets Illustrate Great Potential for Food Stabilizers 220.127.116.11 Increase in Investments for Research & Development to Develop New Products for the Market 18.104.22.168 Emergence of New Technologies to Boost the Beverage Industry 5.2.4 Challenges 22.214.171.124 Fluctuating Prices of Raw Materials 126.96.36.199 Demand for Clean Label Products From Consumers 5.3 Supply Chain Analysis
6 Beverage Stabilizers Market: Regulatory Framework 6.1 Introduction 6.2 North America (US) 6.3 Europe 6.4 Asia Pacific (India) 6.5 RoW (South Africa)