Beverage Stabilizers Market Segmentation, Driving Factors and Leading Players

The market for beverage stabilizers is estimated at USD 117.1 million in 2018, and it is projected to grow at a CAGR of 5.6% to reach a value of USD 153.8 million by 2023. 

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 the 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. Innovation in technology and emerging applications using customized stabilizer blends are significant growth opportunities for the market.

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The beverage stabilizers market is segmented on the basis of function, application, type, and region. The functions of beverage stabilizers include stabilization, texturization, viscosification, and others such as emulsification, thickening, and anti-crystallization. 

This market has also been 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). 

This market is segmented on the basis of types into xanthan gum, carrageenan, gum arabic, carboxymethyl cellulose (CMC), and others (which include pectin, guar gum, and locust bean gum). 

On the basis of key regions, beverage stabilizers market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW), which includes South America and the Middle East & Africa.

The Asia Pacific region is projected to be the fastest-growing market for beverage stabilizers between 2018 and 2023. In the Asia Pacific region is currently undergoing a dramatic transformation in response to rapid urbanization, diet diversification, and the liberalization of foreign direct investment in the food & beverage sector.

Key players in this market such as DowDuPont (US), Ingredion (US), Cargill (US), Palsgaard (Denmark), and CP Kelco (US) focus on increasing their presence through mergers & acquisitions and new product developments specific to consumer tastes in these regions. These companies maintained their positions in the market through strategic developments in the global beverage stabilizers market.

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