At 5% CAGR, Beer Stabilizers Market is estimated to reach USD 65000 million by 2024
North America Beer Stabilizers Market to witness CAGR of 4.5% by forecast timeframe owing to the steady growth in alcoholic beverage consumption and production factors across the region.
Selbyville, United States – May 31, 2019 /MarketersMedia/ —
Europe beer stabilizers market registered over USD 1.4 million revenue generation in 2017. Brewers have increased the supply of craft malted beverage, flavored, low alcohol and gluten free drinks, meet the changing consumer demands and target new customer base. Moreover, surging health awareness majorly boosting demand for low-calorie drinks supporting product portfolio. Europe also serves as a key exporter of alcoholic beverage in the United States, China, Russia, Australia, India and Canada. The European Economic and Social Committee reported a growth of 30% since 2007 on beer exports, with the trend expected to continue over the next five years.
Asia Pacific beer stabilizer market was around USD 14 million in 2017. Highest contribution to global beer production owing to rising count of breweries and growing demand for beer in the region are propelling the beer stabilizers market growth. China, Japan, Vietnam and India are among the major producers in the region. According to Kirin Holdings, China is the leading beer manufacturer contributing around 21% of the global beer production in 2017. Rising demand for beer along with need for quick stabilization & improved economics will drive the product demand in Asia Pacific.
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Latin America is among the fastest growing regions with CAGR at around 5.0% during the forecast period 2018-2024. Brazil is the largest producer in Latin America and the third largest globally. Brazil and Argentina are among the fastest growing countries globally. According to Kirin Holdings, Brazil and Argentina’s beer production grew by 5% and 4.8% resp. in 2017 as compared to previous year.
Breweries are witnessing strong demand for these ingredients, especially for the production of premium and super premium crafted beers. Enhanced taste, improved quality, and low calories benefits are among the primary drivers fostering product landscape. In addition, the increasing number of small-scale or local breweries will drive the production from an alternate and inferior quality grain, which in turn augments growth in the beer stabilizers market.
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Silica gel products captured around 33% of the revenue share in 2017. It is the most traditional choice in the brewing process for the removal of haze protein fractions by the selective absorption method. Silica gel reduces haze protein and is primarily used as an absorbent to stabilize polyphenol compounds. Another key benefit from this product is its flexibility to add it at different stages of the production process.
PVPP stabilizers are anticipated to observe more than 5% CAGR from 2018 to 2024. The product is used as the single stabilizer with the large surface area over which polyphenols are mostly absorbed. Its structure facilitates improved ability to quickly adsorb several polyphenols responsible for hazed development. Haze removal, polyphenols adsorption, and high effectiveness at low dosage rates along with extended maximum shelf life are key benefits offered by these products.
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Changing trends in drinking preference with respect to improved taste, quality, and light weightiness while drinking will provide lucrative opportunity for beer stabilizers growth. Henceforth, industry producers are focusing on implementing advanced techniques and better ingredients to enhance product quality. Controlling non-biological haze, improving clarity & transparency with respect to appearance are key features offered by beers including stabilizing ingredients.
The global industry share is fragmented due to the large presence of domestic and regional manufacturing companies in the industry. The key companies including AB Vickers, Ashland, AEB, BASF, Gusmer, Lehmann & Voss & Co, EATON and PQ Corporation. Other notable players are Sinchem, W.R. Grace, ERBSLOH, and Qingdao Makall Group.
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/beer-stabilizers-market
Source: MarketersMedia
Release ID: 518978
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