The market size of the global compound beverage stabilizing additives market is predicted to show an 6.20% CAGR during the forecast period.
The purpose of compounded beverage stabilizing additives is to help preserve beverage emulsions or stop beverage deterioration. They increase viscosity to improve consistency and flavor while preventing settling by keeping other components suspended in the beverage's solution. The desire of customers for packaged beverages is the main element driving growth in the market for compounded beverage stabilizing additives. Modern lifestyles and rising disposable incomes are changing people's consumption habits, which is anticipated to raise demand for compounded beverages stabilizing additives overall. Additionally, the growing popularity of low-sugar and low-fat soft drinks and the rising demand for alcoholic beverages among young people are anticipated to be key factors driving the global market for compounded beverage stabilizing additives. Moreover, the market is growing due to rising health-conscious consumer awareness and demand for natural ingredients.
The increase in consumer health consciousness and preference for new, inventive goods, which encourages manufacturers to experiment with different flavoring agents, are projected to provide new market prospects further. However, the market is expected to experience some growth restraints due to the myriad side effects associated with the consumption of additives and the strict regulatory environment and government standards. On the other hand, the availability of numerous additive alternatives may threaten this market's expansion.
Market Segmentation:
The compound beverage stabilizing additives market is segmented by product type and application. Based on the product type, the market is segmented into gum arabic, carboxymethyl cellulose, xanthan gum, carrageenan and others. Based on the application, the market is segmented into fruit drinks, dairy beverages, soft drinks, alcoholic beverages and others.
Based on the product type, the xanthum gum category is accounted as a major contributor to the compound beverage stabilizing additives market.
The xanthum gum category dominated the market in 2021 because of the increased demand for gluten-free products. Xanthum gum is an efficient gluten substitute due to its improved binding properties, contributing to its global demand. Since xanthan gum has multiple advantages, including texture enhancement, shelf life extension, stabilization, and water retention, it is employed in various beverage applications.
The fruit drinks category witnessed growth at a rapid rate.
The fruit drinks category dominated the market in 2021. The demand for compound beverage stabilizing additives in fruit drinks increases as beverage consumption rises. Compound beverage stabilizing additives thicken water and add body, texture, and mouthfeel to beverages such as juices, particularly low-calorie syrups, table syrups, and alcoholic beverages. These reasons are expected to boost the expansion of this category.
The North American compound beverage stabilizing additives market holds a signification revenue share.
The North American compound beverage stabilizing additives market is expected to register the highest market share because there is a significant market for compound beverage stabilizing additives in the US due to the growing popularity of functional and nutritional drinks. Demand for low-fat additives such as compound beverage stabilizing additives is also anticipated to increase. Increased demand for alcoholic beverages and a shift in consumer preference toward packaged beverages are the main drivers of the growth. The market expansion in this region is also fueled by rising awareness of food quality and safety. In addition, Asia Pacific is projected to grow in the global compound beverage stabilizing additives market because significant consumers like India and China are increasing. The rise results from a change in the region's citizens' preferences for better lives. The market is also growing due to increasing urbanization, rising disposable income, and the developing of this region's compound beverage stabilizing additives market.
Competitive Landscape
Key players in the compound beverage stabilizing additives market are Chemelco International, BASF, ADM, Ashland Global, Cargill, CP Kelco, DuPont, Ingredion, Norevo GmbH, Kerry Group, Palsgaard, Tate & Lyle, DSM, Actaris, Glanbia Nutritionals, Nexira, W.R Grace & Co., Advanced Food Systems, Lanxess, Silvateam, Dahe Food S&T and others.
