ID: MRFR/F-B & N/8897-CR | December 2020 | Region: Global | 111 pages
Global Specialty Beverage Stabilizers Market is projected to register a CAGR of 5.83% and reach USD 422.06 Million by 2026. Specialty beverage stabilizers are blends and systems that help in enhancing the stability of beverages. Stabilizers, when added to a beverage, preserve its structure by maintaining the physio-chemical properties of the drink. The primary drivers of the growth of the global specialty beverage stabilizers market are the rising demand for functional beverages along with rising adoption of customized beverage stabilizers blends by key beverage stabilizes manufacturers. However, stringent government regulations are expected to hamper the growth of the market during the review period. Increasing demand for natural beverage stabilizers is expected to create lucrative opportunities during the review period.
Global Specialty Beverage Stabilizers Market is expected to register significant growth during the forecast period. The rising demand for functional beverages is one of the key factors behind the growth of the market. The increasing number of chronic diseases due to unhealthy lifestyles is triggering the demand for functional beverages among consumers across the globe. Functional beverages have a high presence of essential ingredients, such as minerals, vitamins, herbs, amino acids, stabilizers, and bacteria. These beverages provide benefits to the body, such as improved immune system, heart rate, digestive health hydration and electrolyte replenishing benefits post-exercise, and better intestinal flora and gut function, which is mainly driving the demand for this product among the consumers. Thus, the rising demand for functional beverages is expected to drive the growth of the global specialty beverage stabilizers market during the forecast period.
Additionally, the rising adoption of customized beverage stabilizers blends by key beverage stabilizes manufactures is diving the market growth. Beverage manufacturers across the globe are continuously investing in R&D for product innovations to sustain their presence in the competitive market. This has led to increased adoption of customized beverage stabilizer blends specific to their product need. The providers of beverage stabilizers are also emphasizing on offering customized beverage stabilizers blend, which is mainly driving the growth of the specialty beverage stabilizers market. For instance, in July 2019, DuPont launched a new range of customized stabilizers, Grindsted Gellan VEG 200, which is specifically designed for various plant-based and vegan beverages to fit the most demanding consumer expectations.
Global Specialty Beverage Stabilizers Market Revenue, By Type, 2019 (Million USD)
Sources: MRFR Analysis
By type, the global specialty beverage stabilizers market has been segmented into polivinylpolypyrolidone (PVPP), silica gel, bentonite, tannic acid, agarose, enzymes, and blends. PVPP dominated the market with a share of 27.83% in 2019. According to form, the market is segmented into dry and liquid. The dry segment dominated the specialty beverage stabilizers market in 2019 with a share of 57.12% in 2019 due to the wide availability of dry specialty beverage stabilizers across the globe. Wide applications of beverage stabilizers across the foodservice sector, along with the increasing number of breweries, has resulted in the dominance of the dry segment. According to application, the global specialty beverage stabilizers market is segmented into beer, wine, fruit juices, and others. The beer segment dominates the sales of specialty beverage stabilizers worldwide. The wide applications of beverage stabilizers in beer coupled with rising beer consumption across the globe are some of the key factors behind its dominance across the globe.
Global Specialty Beverage Stabilizers Market Share, By Region, 2019 (%)
Sources: MRFR Analysis
Geographically, the global specialty beverage stabilizers market has been categorized as North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Europe dominated the market, accounting for the largest share in 2019. Within Europe, the UK, Germany, and Spain are anticipated to dominate the specialty beverage stabilizers market during the review period. North America's specialty beverage stabilizers market accounted for the second-largest share of the overall market in 2019, with the US being the major market in the region. However, Asia-Pacific is projected to register the highest CAGR of 6.46% during the forecast period. The high regional population and the increasing spending capacity of the middle-income group are factors that are propelling the market growth. The increasing popularity of alcoholic beverages and significant changes in the social life of the working population has primarily contributed to the growth of specialty beverage stabilizers in Asia-Pacific.
Prominent Players in the Global Specialty Beverage Stabilizers Market include BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Ashland Inc. (US), W. R. Grace & Co. (US), PQ Corporation (US), Eaton (Ireland), JH NanhangLife SciencesCo., Ltd. (China), Glide Chem Private Limited (India), BoaiNKY Pharmaceuticals Ltd. (China), and ATP Group (India).
Players operating in the global specialty beverage stabilizers market are focusing on strengthening their geographic footprint by expansions and launching innovative products.
Global Specialty Beverage Stabilizers Market, by Type
Global Specialty Beverage Stabilizers Market, by Form
Global Specialty Beverage Stabilizers Market, by Application
Global Specialty Beverage Stabilizers Market, by Region