Beverage Stabilizers Market worth $153.8 million by 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.
"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.
"The xanthan gum segment is estimated to account for the largest share in the beverage stabilizers market in 2018."
The increased demand for gluten-free products, globally, is fueling the demand for xanthan gum as a replacement for gluten. 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. Xanthan gum offers several advantages such as texture enhancement, stabilization, shelf life extension, and water retention, owing to which, it is used by beverage producers for various applications.
"The stabilization segment is estimated to account for the largest share in the beverage stabilizers market in 2018."
The stabilization segment is projected to dominate this market through the forecast period. The dominance of this segment can be attributed to the increased consumption of nutritional beverages with reduced calorie levels that require beverage stabilizers & systems. The function of beverage stabilizers such as hydrocolloids is to stabilize the emulsion, prevent separation, and, in the case of wine and other alcoholic beverages, to control ice crystal formation.
Make an InquiryKey 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.