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Global Beer Stabilizers Market size was valued at over USD 47.5 Million in 2017 and is anticipated to grow at over 5% in the forecast timespan.
Necessity to enhance alcoholic beverages to keep them chemically stable and with extended shelf life will be a key impetus for the beer stabilizers market. Compatibility with extreme temperatures coupled with haze & turbidity removal properties will propel the business expansion. Rising consumer inclination towards less alcohol content beverages due to rising health concerns associated with calorie intake through alcohol will stimulate the industry size.
Report Attribute | Details |
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Base Year: | 2017 |
Beer Stabilizers Market Size in 2017: | 47.5 Million (USD) |
Forecast Period: | 2018 to 2024 |
Forecast Period 2018 to 2024 CAGR: | 5% |
2024 Value Projection: | 65 Million (USD) |
Historical Data for: | 2013 to 2017 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 134 |
Segments covered: | Product and Region |
Shifting consumer preferences towards taste & quality over the quantity will augment the global market growth. Growing manufacturers’ focus on improving their production capacity for catering surging young population demand for craft beer will provide positive outlook for product penetration. Further, key features including improvised quality, enhanced taste, and rich aromas will drive the product landscape. For instance, as per the recent FoodBev report, in 2017 global alcohol consumption grew by 0.01% or 3.5 million nine-liter cases.
Upsurge in the usage of regenerable polyvinyl polypyrrolidone by the large-scale brewers owing to the key features including reusability in the manufacturing process, cost effective, and convenient usage will propel the beer stabilizers market growth. In addition, major beer producing countries such as U.S., Germany, France, Brazil, Mexico, and Spain owing to the rapid innovations in the craft brewery segment will further provide a positive outlook for the product portfolio.
Favourable government guidelines & regulations pertaining to the alcoholic beverages consumption will support industry expansion. As per, FDA regulatory norms in the Code of federal Regulations Title 21, part 173, subpart A, section 173.55, Polyvinylpyrrolidone (PVPP) can be used as a clarifying agent in alcoholic beverages and vinegar, followed by removal with filtration. FDA has set limitation as a clarifying agent at residual level shall not exceed 10 ppm. Hence, the regulatory guidelines provided by the FDA will foster opportunities for the beer stabilizers market growth. However, factors such as continuous cost for single use of stabilizers, deterioration effects on the filter life cycle, and high machinery & equipment costing may hamper the beer stabilizers market growth.