The global beverage emulsion market is projected to be valued at USD 526.5 million by the end of 2023. According to industry analysis, this market is expected to grow to USD 754 million by 2033, with a compound annual growth rate (CAGR) of 4.3% during the forecast period. Sales from the beverage emulsion industry are anticipated to contribute significantly to the overall demand within the global food processing market in 2023.
Recently, consumers have been increasingly favoring convenient, nutritious food and beverages. This shift is largely driven by hectic lifestyles, busy schedules, and limited time for preparing healthy meals. As a result, there is a growing demand for ready-to-drink beverages that are enriched with additional nutrition, color, taste, and flavor, fueling the need for emulsions in beverage production.
Technological advancements in the packaging industry are broadening the market for convenience food products. With emulsifiers being widely used in ready-to-drink (RTD) and plant-based beverages, an increase in sales of these products is expected to have a direct positive impact on the beverage emulsion industry. Furthermore, the rising demand for premium plant-based drinks is prompting manufacturers to invest in expanding their production capacities, thereby driving market growth.
Ongoing product innovations in the market are stimulating growth in the food industry. Additionally, the need for ingredient adjustments to meet current consumer demands is likely to boost the demand for beverage emulsions. The growing preference for organic and natural products, especially in North America and Europe, is also anticipated to attract more investments from key players aimed at developing innovative offerings.
Key Highlights of the Beverage Emulsion Market:
- The United States beverage emulsion industry is projected to lead the overall market by gaining market revenue of US$ 169.65 million by 2033. The regional market is projected to expand at a CAGR of 4.4% over the forecast period.
- China is projected to follow up the United States lead as the country offers a lucrative market for the expansion of beverage emulsion. A large population base accepting new food product launches is also presenting a wide scope for market expansion. The country is anticipated to surpass US$ 119.89 million by 2033, registering a CAGR of 4.7%.
- In Europe, Germany is a significant beverage emulsion market. The country is predicted to generate revenue worth US$ 60.32 million by 2033. Germany market is projected to assume a robust CAGR of 7% over the forecast period. Technological innovations in the region are expected to foster market development.
- The United Kingdom is yet another significant market in Europe, which is contributing to the region’s growth. The market is projected to obtain market revenue of US$ 45.24 million by 2033, thriving at a CAGR of 6.4% in the forthcoming years.
- Spain is expected to contribute US$ 25.64 million towards overall regional growth. The CAGR of the market is anticipated to be 5.4% over the forecast period.
- Based on the source, pectin is estimated to dominate the category growth. The segment is projected to expand at 4.2% CAGR over the forecast period, as opposed to a CAGR rate of 3.3% witnessed in the historical period.
Recent Developments
- In November 2022, DuPont developed a fermented stabilizer to cater to the surging trend of plant-based drinks. The rising utilization of gellan gum in vegan and plant-based beverage formulations is projected to bode well with the growing demand for alternative dairy and protein.
- In August 2022, BOISSON announced that it is likely to be expanding its reach, backed by US$ 12 million seed funding. The company has eight stores across the United States and plans to establish its presence on the global platform over the upcoming years. The firm aims to elevate the beverage culture in North America and makes it more inclusive, mindful, and positive for consumers.
Key Companies Profiled
Archer-Daniels-Midland Company
Cargill Inc
CHr. Hansen A/S
Döhler GmbH
DuPont
Givaudan SA
Ingredion Incorporated
Kerry Group
Sensient Technologies Corporation
Tate and Lyle PLC
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Beverage Emulsion Industry by Category
By Source:
- Xanthan Gum
- Pectin
- Carboxymethyl Cellulose
- Carrageenan
By Application:
- Non-Alcoholic
- Carbonated Beverages
By Emulsion Type:
- Color Emulsion
- Flavor Emulsion
- Cloud Emulsion
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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