Market Overview
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.
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Competitive Landscape
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.
Market Segmentation
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.
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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.
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