ESOMAR-certified Future Market Insights (FMI) infers that the global beverage stabilizers market is expected to reach impressive heights, given the high incidence of health boosting and non-alcoholic beverage consumption, according to a recently published report.
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.
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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.
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
“Manufacturers are looking to invest in emerging economies across the Asia-Pacific region, primarily due to increasing beverage consumption in the wake of rising per capita incomes and standard of living,” remarks the FMI analyst.
COVID-19 Impact Analysis
As the COVID-19 pandemic intensifies, prominent food & beverage manufacturers are augmenting production capabilities to offset further recessionary impacts anticipated during the second wave of infections. This is likely to sustain demand for beverage stabilizers.
Online food & beverage delivery chains have greatly assisted in retaining the demand for beverage stabilizers across commercial and residential sectors. For instance, in the U.S., nearly 3 out of 5 e-commerce sales account for food & beverage products. Consequently, the regional demand for beverage stabilizers is likely to prevail.
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.
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.
More Insights on FMI’s Beverage Stabilizers Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global beverage stabilizers market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the beverage stabilizers market on the basis of product type (gum Arabic, carboxymethyl cellulose, xanthan gum, carrageenan, pectin and others) and application (fruit drinks, dairy beverages, soft drinks, alcoholic beverages and others) across seven prominent regions.
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Beverage Stabilizers Market- Report Scope
| Attribute | Details |
| Forecast Period | 2020-2030 |
| Historical Data Available for | 2015-2019 |
| Market Analysis | US$ Mn for Value |
| Key Regions Covered | North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa |
| Key Countries Covered | U.S, Canada, Mexico, Brazil, Germany, Italy, France, U.K, 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 |
Key questions answered in the report
- How will the beverage stabilizers market grow until 2030?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
- What drives the global beverage stabilizers market?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
- How will COVID-19 impact near-term growth prospects?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 leveraging e-commerce platforms to market their products and reach a much wider customer base
- Which is the largest beverage stabilizers market?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