Global Beverage Stabilizer Market Forecast 2019-2027
According to Inkwood Research, the beverage stabilizers market on a global scale will flourish with an estimated CAGR of 3.91% in terms of volume and 6.16% in terms of revenue from 2019 to 2027. By the end of 2027, the market is anticipated to reach sales of XX million Kgs and $23.58 million in terms of revenue. The flourishing food & beverage industry, along with the rising adoption of functional beverages upsurge the demand for beverage stabilizers, in turn, fueling the market growth.
The market for beverage stabilizers consists of various segments such as product type and beverages type. The stabilizers are utilized in several beverages like soft drinks, alcoholic beverages, fruit drinks, dairy beverages, and others. Further, Xanthan gum product type leads the global beverage stabilizers market. Xanthan gum is used as a food thickener in several food products. Also, by keeping ingredients suspended in the solution, stabilizers assist in the prevention of degeneration and sedimentation in beverages.
Europe, North America, Asia Pacific, and Rest of World are the regional segment considered in the global beverage stabilizers market. The Asia Pacific region forms the largest market for beverage stabilizers owing to the presence of emerging economies in the region. Further, the factors like booming food & beverage industry, along with a large scale availability of raw materials, are attributing to the growth of the beverage stabilizers market in this region.
The prominent companies in the global beverage stabilizers market are namely Archer-Daniels-Midland Company (ADM), Ashland Global Holdings Inc., Cargill Inc., Ingredion Incorporated, J.M. Huber Corporation (CP Kelco ApS), Kerry Group Plc (Kerry Group), Palsgaard A/S., Royal DSM N.V., Tate & Lyle, Plc (Tate & Lyle), BASF, Caldic, Glanbia Nutritionals, Nexira, Advanced Food Systems Inc., and DowDuPont.
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