The beverage emulsion market is slated to record a stagnant to moderate expansion over the assessment period 2032 as per a new study by FMI. The market sluggishness can be mainly due to the COVID-19 outbreak. The market demand is expected to sustain on account of high functional beverage uptake.
As infection cases experience a resurgence in several regions, governments are reimposing lockdowns, leading to cessation of business activities. This is bound to impact short-term outlook for beverage emulsion products and solutions.
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On the bright, however, companies are investing in innovative emulsion technological solutions, paving way for increased research and development prospects in the forthcoming forecast period.
“Growing trend of healthy drinking have prompted the customer to prefer functional and healthier beverages such as kombucha and plant-based waters, offering prospects for market players to launch specific emulsion solutions.” Concludes the FMI analyst.
COVID-19 Impact on the Market
While the COVID-19 outbreak has inflicted shot terms sluggishness in the beverage emulsions market growth, FMI in its recent study states that the rate of regaining the market growth pace in the post-pandemic landscape is anticipated to remain moderate. Market players are acknowledging the situation and fortifying their supply chains and distribution networks to counterbalance any further recessionary wave.
According to the Scientific Advisory Group for Emergencies (SAGE), the second wave of COVID-19 infections is likely to result in much higher casualties. While deaths will peak at much lower levels compared to the first wave, the number shall prevail for several months.
Beverage Emulsion Market – Key Highlights
- Asia Pacific is anticipated to remain the fastest-growing region due to increasing probiotics uptake.
- Xanthan gum is anticipated to register substantial growth over the forecast period.
- Cloud emulsion techniques to lead among other emulsion type segment in the global market.
- The non-alcoholic application segment will be gaining traction during the assessment period.
Beverage Emulsion Market – Drivers
- Dietary preferences towards healthy drinks are propelling the market expansion.
- Increasing investments in innovative emulsion technological solutions are enhancing growth prospects for the market.
- Increased spending on premium clean-label emulsified beverages is fueling significant growth.
Beverage Emulsion Market – Restraints
- Technological challenges regarding functional beverages might limit the overall growth of the market.
- Fear of an upcoming second wave of COVID-19 infections is prompting the close down of businesses and industries, thus adversely impact the market growth.
Competitive Intelligence
Prominent vendors within the global beverage emulsion landscape rely on collaborations, acquisitions, technological innovations and new product launches to remain afloat in the market.
Some leading players in the beverage emulsion market include Dohler GmbH, Cargill Inc., Sensient Technologies Corporation, Givaudan SA, Archer-Daniels Midland Company, International Flavors & Fragrances, Kerry Group, CHr Hansen A/S, DuPont, Ingredion Incorporated, Tatel & Lyle PLC, CP Kelco and Ashland Inc.
Since 2017, Dohler GmbH has been working in conjunction with Fraunhofer Society to ensure complete food safety. With respect to the beverages sector, the company offers the Dohler Microsafety Design solution for detecting microorganisms in different beverages.
In August 2020, Cargill Foods Inc., announced a US$ 15 billion investment with respect to a new bio industrial plant, comprising of an annual capacity worth 35,000 tons in Kurkumbh, Maharashtra and will be made available to dairy farmers in and around the region.
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Key Segments
Source:
- Xanthan Gum
- Pectin
- Carboxymethyl Cellulose
- Carrageenan
- Gellan Gum
- Gum Arabic
- Modified Starch
Emulsion Type:
- Color Emulsion
- Flavor Emulsion
- Cloud Emulsion
- Vitamin Emulsion
Application:
- Non-Alcoholic
- Carbonated Beverages
- Dairy Beverages
- Fruit Juices
- RTD Tea/Coffee
- Alcoholic Drinks
Region:
- North America (U.S & Canada)
- Latin America (Brazil, Mexico & Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, Russia, Nordics, BENELUX, Poland & Rest of Europe)
- South Asia (India, Thailand, Indonesia, Malaysia & Rest of South Asia)
- East Asia (China, Japan & South Korea)
- Oceania (Australia & New Zealand)
- Middle East & Africa (GCC, South Africa & Rest of MEA)
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Published by: Future Market Insights, Inc.