As the COVID-19 pandemic rages on, consumers are changing their food & beverage consumption habits. The trend of healthy eating and drinking has prompted manufacturers to introduce innovative combinations offering enhanced taste as well as health benefits, thus accelerating prospects of beverage stabilizers eventually.
Since the pandemic’s outbreak, alcohol consumption witnessed a substantial decline, with around 14 million UK citizens ceasing consumption in the previous quarters, leading to an upswing in healthy beverage consumption. Avrox Technologies, a prominent UK beverage company, has especially witnessed climbing sales of its EI8IIT Energy beverage.
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Rising incidences of beverage adulteration and contamination have compelled governments to enforce stringent regulations to ensure availability of good quality beverages, thus heightening usage of stabilizers in various alcoholic and non-alcoholic drinks in recent years.
In 2019, the Food Safety and Standards Authority of India (FSSAI) published a draft document for the regulation of ethyl alcohol content in alcoholic beverages. According to Regulation 1.3.2, the tolerance limit for alcohol must be around 0.3% for up to 20% ABV and 1.0% for over 20% ABV.
To achieve this regulation, sales of alcoholic beverage stabilizers have witnessed a steady increase. For example, Gujarat Enterprise, a prominent West Indian manufacturers, offers stabilizer solutions for cocktail formulations, besides carbonated beverages and other non-alcoholic drinks.
Based on product type, xanthan gum is likely to find maximum application across beverage formulations. Numerous manufacturers are specializing in xanthan gum production, attributed to its ability to enhance longevity of food & beverage products. DuPont is a prominent xanthan manufacturer, marketing the GRINDSTED ® Xanthan product line.
Simultaneously, gum Arabic is surging in popularity, expected to expand at a steady growth rate in the short and long-term forecasts. The product is highly preferred due to its natural origin. Norevo is a prominent gum Arabic manufacturers, marketing the Quick Gum product line which offers highly efficient suspending, stabilizing and emulsifying properties.
While reliance on alcoholic beverages is declining, consumption of soft drinks and aerated beverages has remained consistent. However, certain shifts are evident within the soft drinks industry. For instance, nearly 2 out of 5 soft drink sales are sugar free, keeping in mind increased health consciousness.
In Australia, for instance, per capita sales of water-based, non-alcoholic and sweetened beverages increased by 14% until 2018. As a result, demand for stabilizers across the soft drinks segment is witnessing a credible increase. Likewise, other functional beverages are also surging in popularity, owing to rising emphasis on good health.
Lucrative growth opportunities exist across the Asia-Pacific region, with India & China representing maximum potential. According to estimates, India’s per-capita soft drink consumption is expected to rise twofold, reaching 84 bottles annually by 2021. Rapid urbanization has eroded the rural-urban consumer gap, the former more willing to spend on consumer goods.
Also, China is one of the fastest growing beverage markets in the world, becoming the largest in 2015. Until 2014, the East Asian giant yielded over 30% revenue share, with prominent manufacturers establishing their production facilities. From 2015 to 2017, Coca Cola invested USD 4 billion to expand its customer outreach.
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The global beverage stabilizers market is composed of the following prominent vendors*:
*This list is indicative- full details about the beverage stabilizer players is available upon request.
These players rely on portfolio expansions, extension of business facilities, collaborations, partnerships, product launches and acquisitions. Furthermore, these manufacturers are tapping growth potential across developing economies in order to secure a broad customer base.
| Attribute | Details |
|---|---|
| Forecast Period | 2020 to 2030 |
| Historical Data Available for | 2015 to 2019 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania and Middle East & Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, Italy, France, UK, Spain, Russia, BENELUX, Nordics, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Australia, New Zealand, GCC, Turkey & South Africa |
| Key Segments Covered | Product Type, Application |
| Key Companies Profiled | Archer Daniels Midland Company; Ashland Global Holdings Inc.; Cargill Incorporated; CP Kelco; DuPont; Ingredion Inc.; Kerry Group; Palsgaard A/S; Tate & Lyle Plc; DSM; Actaris; Glanbia Nutritionals; Nexira; W.R Grace & Co.; Advanced Food Systems Inc.; Chemelco International BV; Lanxess Deutschland GmbH; Silvateam S.p.A.; TIC Gums & Brisan Group. |
| Report Coverage | Market Overview, Key Market Trends, Key Success Factors, Demand Analysis, Market Background, COVID-19 Impact Analysis, Segmental Overview, Regional Profiling, Market Structure Analysis & Competition Analysis |
| Customization & Pricing | Available upon Request |
According to Future Market Insights (FMI), the global beverage stabilizers market is expected to reach a multi-million dollar valuation, growing at a steady CAGR across the 2020-2030 assessment period. A minor deceleration is expected on account of the COVID-19 pandemic
Growing preference for functional beverages in lieu of maintaining good health combined with stricter government policies on ensuring enhanced beverage safety are likely to act as the primary beverage stabilizer growth anchors
The global beverage stabilizers market experienced a slight deceleration in the initial months of the pandemic, owing to mandatory lockdowns imposed by governments to contain the virus’s spread. However, the market has experienced a resurgence amid growing consumption of health boosting beverages. Moreover, existing manufacturers are securing their supply chains, lest the second wave of infections usher in another round of sluggishness. To ensure demand consistency, manufacturers are l
Asia-Pacific is expected to be the primary revenue powerhouse for the beverage stabilizers market, owing to heightening demand for alcoholic, non-alcoholic and functional beverages across emerging economies such as India and China
Leading players in the beverage stabilizers market include Archer Daniels Midland Company, Ashland Global Holdings Inc., Cargill Incorporated, CP Kelco, DuPont, Ingredion Inc., Kerry Group, Palsgaard A/S, Tate & Lyle Plc, DSM, Actaris, Glanbia Nutritionals, Nexira, W.R Grace & Co., Advanced Food Systems Inc., Chemelco International BV, Lanxess Deutschland GmbH, Silvateam S.p.A., TIC Gums & Brisan Group.
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