The global beverage emulsion market is expected to experience significant slowdown in the near-term forecast, rendering future outlook highly stagnant, concludes ESOMAR-certified Future Market Insights (FMI) in its recent publication.
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.
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.
- North America to retain lucrativeness, Asia-Pacific to be fastest growing market
- Non-alcoholic beverages, excluding carbonated drinks, likely to leverage maximum beverage emulsion solutions
- Cloud based emulsion techniques to acquire maximum traction by emulsion type through 2030
- Xanthan gum based emulsions to account for credible share in the market
“Healthy drinking trends have prompted consumers to opt for healthier and functional beverages such as plant-based waters and kombucha, providing an opportunity for vendors to introduce specific emulsion solutions,” comments the FMI analyst.
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COVID-19 Impact Insights
The novel coronavirus pandemic is likely to impede the beverage emulsion market growth until 2021, owing to the fears of an incoming second wave of infections, which is likely to compel countries to re-impose nationwide lockdowns, leading to shuttering of industries and businesses.
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.
While these projections may be hypothetical, manufacturers are taking cognizance and strengthening their distribution networks and supply chains so as to offset any further recessionary impact. However, the rate of recovery in the post-pandemic scenario is likely to remain moderate.
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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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