Latin America beer stabilizers market share is expected to register more than 5% CAGR over 2017-2024. Additionally, the ability to retain the original flavor by preventing the generation of stale flavor carbonyl’s is amplifying global beer stabilizers industry trends. Rising disposable income among the people has increased the affordability of alcohol, leading to a global rise in the consumption of beer even in developing countries.
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The Europe beer stabilizers market was more than USD 1.4 million in 2017. High disposable income along with an informed consumer base regarding healthy living has increased the traction of beer stabilizers industry in Europe. The ability to absorb hydrophilic haze active proteins is furthermore supplementing silica gel adoption. Several applications of silica gel in the form of xerogel and hydrogel will also support the global beer stabilizers industry forecast.
Beer stabilizers market share is anticipated to witness remarkable growth prospects in the forthcoming years owing to the need for improved beer shelf life and the removal of chemical and biological haze. Biological and non-biological molecules such as yeasts and proteins are absorbed by stabilizers thereby preventing the formation of haze. Microbiological stability and heat retention are some of the vital benefits supporting the product adoption.
Technological advancements and innovations in product development to meet changing consumer preferences will accelerate the shelf life of the product along with enhancing the flavor retention capacity. Growing health awareness among people and information provided by the regulatory authorities about the ill effects of alcohol has led to a widespread adoption of alcohol-free and low alcohol content products worldwide.
Proliferating demand for gluten-free and flavored beer will steer beer stabilizers market outlook. Rising demand for craft beer over traditional alcoholic beverages, along with increasing prevalence of craft breweries will positively influence the product demand. For instance, as per Brewers Association, total number of craft breweries recorded in the U.S. grew from 2,898 in 2013 to 6,266 in 2017 and the count is significantly rising.
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In terms of product, beer stabilizers market size is segmented into Papain, Silica Gel, and PVPP/R-PVPP. Silica gel has emerged as one of the key products used during beer product over the years. In 2017, total sales of silica gels were recorded at approximately 3,500 tons. Main reasons steering the silica gel business growth are easy availability and economic feasibility. The capability of the product to remove commonly found haze particularly in polypeptides and polyphenols is magnifying product demand.
Companies are witnessing rapid demand from U.S. breweries to help meet increased consumption rate of craft beer as well as well-known brands. The region is home to manufacturing operations of some of the largest alcohol beverage companies in the world and the U.S. Commerce has confirmed that 83% of beer consumed in the country is made locally. North America beer stabilizers market share is projected to record over 4.5% CAGR over the forecast timeframe.
Constantly changing consumer demand has led to the introduction of gluten-free drinks, low alcoholic, flavored, low-calorie and craft malted beverages across the region. Europe is also regarded as a prominent exporter of alcoholic drinks to the United States, Russia, China, Australia, Canada, and India. The European Economic and Social Committee has reported a rise of more than 30% on beer exports since 2007 and is estimated to showcase robust growth in the coming years.
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