Beverage Stabilizers Market was valued at USD 145
Beverage Stabilizers Market was valued at USD 145 million in 2021, and is estimated to reach USD 228 million in 2029, growing at a CAGR of 5.8% during 2022-2029.
The factors driving the growth of the Beverage Stabilizers Market includes growing demand for healthy and natural food ingredients in the food industry, rising popularity of gluten-free products, increasing number of quick serving restaurant joints such as McDonald’s and Subway and improvements in the living standards. Moreover, growing influence of western cuisines around the world, rising consumption of alcoholic beverages, increased adoption of advanced technologies by manufactures and rapid urbanization, are some of the additional factors supplementing the Beverage Stabilizers Market size. In addition, the increasing investments by major companies on research and development, rising disposable incomes, strategic mergers and alliances between key industry players and growing population growth rates, are further contributing towards the market growth.
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However, growth of the Beverage Stabilizers Market is hindered due to strict regulations regarding the use of additives and synthetic products in packaged food and beverage products.
The leading players operating in the market are BASF SE, Kerry, Glanbia plc, DuPont, Ingredion, Cargill, Incorporated, Ashland, Palsgaard and CP Kelco U.S., Inc., among others.
Based on Product Type, the Xanthan Gum segment is predicted to grow at a significant CAGR during the forecast period
Rising use of Xanthan gums to eliminating the need to separate ingredients in the food sector, is the major factor pushing Beverage Stabilizers Market Growth.
Based on Application, the Soft Drinks segment is projected to expand at a robust CAGR over the forecast period
Beverage stabilizers enhances the viscosity of soft drinks, and improves the overall flavor of the beverage, are propelling growth of the segment.
Based on Region, the North American region is anticipated to grow at a remarkable CAGR during the forecast period
Increasing number of quick service restaurants across United States and Canada, growing consumption of soft drinks, rising demand for gluten free products, improved living standards, rapid industrialization, and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
- In 2020, CP Kelco U.S., Inc., launched GENU Pectin YM-FP-2100, a clean-label-friendly ingredient that offers a medium-to-high viscosity in the fruited drinking yogurt along with the ease of pumpability at the fruit prep stage.
- In 2019, DuPont developed the naturally sourced stabilizer known as, GRINDSTED Gellan VEG 200. This new product improves the performance of plant-based and vegan beverages.
Segmentation by Product Type
- Xanthan Gum
- Gum Arabic
- Carboxymethyl Cellulose (CMC)
Segmentation by Function
Segmentation by Application
- Fruit Drinks
- Dairy Products
- Soft Drinks
- Alcoholic Beverages
Segmentation by Region
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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