Given the increased prevalence of health-promoting and non-alcoholic beverage consumption, Future Market Insights (FMI), an ESOMAR-certified company, predicts that the worldwide beverage stabilizers market will grow to astounding heights.
According to W.H.O., over 3 million fatalities (~6%) in 2012 were attributed to excessive alcohol consumption. Thus, governments worldwide have promoted various awareness campaigns to reduce alcohol intake. As a result, sales of non-alcoholic functional and non-functional beverages has soared.
Since COVID-19’s outbreak, there is a general tilt towards consuming health-boosting beverages, which has opened up new revenue generation frontiers for beverage stabilizer manufacturers. A study revealed that nearly 6 out of 10 consumers intended to reduce unhealthy beverage intake and switch to a healthier lifestyle to avoid complications.
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However, the return to a pre-COVID-19 status quo is highly unlikely, given the considerable time required by the economy to revert to complete normalcy. Hence, a certain degree of sluggishness is also on the cards.
Key Takeaways
- Global beverage stabilizers to expand at a positive CAGR through 2030
- Xanthan gum derived stabilizers to retain lucrativeness, gum Arabic gaining significant ground
- India & China to emerge as promising growth hotspots, owing to rapid urbanization and surging income levels
- Soft drinks to remain primary application area across the forecast period
Competitive Landscape
The global beverage stabilizers market is interspersed with prominent manufacturers such as Archer Daniels Midland Company, DuPont, CP Kelco, Ashland Global Holdings Inc., Ingredion Inc., Nexira, Kerry Group, Glambia Nutritionals and DSM to name a few.
Their primary expansion strategies involve collaborations, acquisitions, expansion of business and product portfolios and new product releases. Lucrative opportunities are in store across the developing world, owing to rising food consumption in the wake of a rapidly growing population.
In October 2020, Archer Daniels invested a significant portion of its revenue in constructing a new state-of-the-art facility in Valencia, Spain. This expansion has been undertaken with the objective of broadening its probiotic foods business segment. This new facility represents a five-fold increase in the company’s production capacity.
In June 2020, Cargill Foods Inc., forayed into the chocolate market in India, with production scheduled to begin from mid-2021 and will initially produce 10,000 tons of chocolate compounds. Growing demand due to enhanced living standards has motivated the food giant to foray into the South Asian market.
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BEVERAGE STABILIZER MARKET TAXONOMY
Product Type
- Gum Arabic
- Carboxymethyl Cellulose
- Xanthan Gum
- Carrageenan
- Pectin
- Others
Application
- Fruit Drinks
- Dairy Beverages
- Soft Drinks
- Alcoholic Beverages
- Others
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
5. Global Beverage Stabilizers Market – Pricing Analysis
to be continued…!
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Frequently Asked Questions
- How will the beverage stabilizers market grow until 2030?
- What drives the global beverage stabilizers market?
- How will COVID-19 impact near-term growth prospects?
- Which is the largest beverage stabilizers market?
- Which are the prominent beverage stabilizers market players?
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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