Market Highlights
Global Specialty Beverage Stabilizers Market is Projected to Be Valued at USD 422.06 Million by 2026, Expanding at a CAGR of 5.83% During the Forecast Period. The increasing demand for functional beverages across the globe is one of the key factors behind the growth of the market. Additionally, the increasing adoption of customized beverage stabilizes blends by key beverage stabilizer manufacturer is proliferating the growth of the global specialty beverage stabilizers market. However, stringent government regulations are expected to hamper the growth of the market during the review period.
Europe accounted for the largest share of the specialty beverage stabilizers market in 2019 owing to the rising demand for beverage stabilizes from wineries and vineyards. The increasing focus of market players offering blended drinks has expanded the beverage menu for consumers across Europe and other regions. Within Europe, the UK, Germany, and Spain are among the most lucrative markets for specialty beverage stabilizers due to the highest consumption of beverages. The specialty beverage stabilizers market in the region is anticipated to remain dominant during the review period.
North America constituted the second-largest market for specialty beverage stabilizers across the globe. The growing consumer awareness about the nutritional merits of functional beverages is expected to drive the demand for specialty beverage stabilizers in the region. Moreover, the rising popularity of quick serving restaurants (QSR) in the US is further boosting the growth of the regional market.
Segmental Analysis
Global Specialty Beverage Stabilizers Market has been segmented based on Type, Form, Application, and Region.
By type, the market has been segmented into polivinylpolypyrolidone (PVPP), silica gel, bentonite, tannic acid, agarose, enzymes, and blends. PVPP dominated the market with a share of 27.83% in 2019. According to form, the market is segmented into dry and liquid. The dry segment dominated the specialty beverage stabilizers market in 2019 with a share of 57.12% in 2019 due to the wide availability of dry specialty beverage stabilizers across the globe. Its wide application across the foodservice sector, along with the increasing number of breweries, has resulted in the dominance of the dry segment. According to application, the global specialty beverage stabilizers market is segmented into beer, wine, fruit juices, and others. Others include nectars, syrups, liquors, and tea beverages. The beer segment dominates the sales of specialty beverage stabilizers worldwide. The wide application of beverage stabilizers in beer coupled with rising beer consumption across the globe are some of the key factors behind its dominance across the globe.
Regional Analysis
Geographically, the Global Specialty Beverage Stabilizers Market has been categorized as North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Europe dominated the market, accounting for the largest share in 2019. North America's specialty beverage stabilizers market accounted for the second-largest market share in 2019. However, Asia-Pacific is projected to register the highest CAGR of 6.46% during the forecast period.
Key Players
Market Research Future recognizes BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Ashland Inc. (US), W. R. Grace & Co. (US), PQ Corporation (US), Eaton (Ireland), JH NanhangLife SciencesCo., Ltd (China), Glide Chem Private Limited (India), BoaiNKY Pharmaceuticals Ltd (China), and ATP Group (India) as the Key Players in the Global Specialty Beverage Stabilizers Market.
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Key Findings of the Study
Global Specialty Beverage Stabilizers Market is projected to register a growth rate of 5.83% from 2020 to 2026. Rising demand for functional beverage coupled with increasing adoption of customized beverage stabilizes blends by key beverage stabilizer manufacturers are some of the key factors behind the growth of the market.
The polivinylpolypyrolidone (PVPP) segment is estimated to remain prominent until 2026, whereas the dry segment dominated the market in 2019. From application point of view, the beer segment dominated the market in 2019 and is expected to continue during the review period.
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