Additives added to beverages to maintain their color, physio-chemical structure, consistency, and texture are known as beverage stabilizers. Manufacturers of beverage stabilizers usually provide a blend of chemicals or a system of substances to offer stability to beverages. In the current market scenario, increasing awareness among consumers regarding clean label products and fluctuating prices of raw materials are the crucial challenges that are being faced by the market players in the beverage stabilizers market size. To tackle such challenges, market players are investing in their R&D activities to develop products that cater to the changing consumer preferences. Moreover, prominent vendors in the beverage stabilizers market size are focusing on expanding their customer base and production capacity by opening production plants in various untapped markets. For instance, Kerry Inc. opened a new production plant in Moscow with an aim to exploit the growth opportunities in Russia.
Based on source, the global beverage stabilizers market size has been segmented into natural, and synthetic. The natural segment is anticipated to gain major market share and is projected to grow at a higher rate during the forecast period. The segments growth can be attributed to the abundant availability of natural raw materials such as seaweeds and guar gum, especially in Asia-Pacific. Moreover, increasing inclination of consumers towards natural ingredients and additives is yet another determinant boosting the segments growth.
Some of the key players in the global beverage stabilizers market size are Ingredion Incorporated (US), Tate & Lyle (UK), Nexira (France), DowDuPont (US), Cargill, Incorporated (US), Kerry Group (Ireland), Ashland (US), CP Kelco (US), Archer Daniels Midland Company (US), BASF SE (Germany), Hydrosol (Germany), and Palsgaard (Denmark).
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On the basis of region, the global beverage stabilizers market size has been segmented by North America, Europe, Asia-Pacific, and RoW. North America is anticipated to dominate the global beverage stabilizers market size owing to the growing food & beverage processing industry in the region. In addition, the presence of several manufacturers of food stabilizers in North America is also driving the region’s growth in the global market.
Asia-Pacific beverage stabilizers market size is projected to exhibit the highest growth rate during the upcoming years due to the adoption of new food processing technologies and additives by food processors active in the region. In addition, the growing food & beverage industry of China, India, and Japan are also contributing towards the region’s growth.
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