The Global Food Thickeners Market report provides vital information that prepares market players to give fierce competition to their toughest competitors based on growth, sales, and revenue, among other essential factors. The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Food Thickeners space
Food preference changes and increasing demand for agar thickening agents in bakery applications are some key factors driving global food thickeners market revenue growth
Demand for convenience food is rising as customer preferences continue to shift. Increasingly busy lifestyle, rapidly growing retail business, increasing development of new products, increasing demand for ready-to-eat food products, are driving demand for packaged foodstuffs. In addition, as the global population grows, food consumption is also increasing, which has a favorable impact on food production. Market growth is being fueled by a rise in global export and import trade activities associated with packaged foods with the objective of enhancing and maintaining the quality of food and hygiene.
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Lack of preference among vegans for animal and microbe-derived thickeners is driving demand for plant-based food thickeners. The global trend of adopting a flexitarian diet and increase in veganism has changed the targeted demographic pools to plant-based ingredients. Some negative health effects of animal-based food have prompted a switch to vegetarian diets. Demand for plant-based products is being driven by an increase in nutritional beverages and supplements as a result of a increasing health-conscious demographic.
Companies profiled in the global Food Thickeners market:
Archer Daniels Midland Company, Cargill Inc., DuPont de Nemours, Inc., Kerry Group plc, Tate Lyle PLC, Medline Industries, Inc., TIC Gums, Inc., CP Kelco U.S., Inc., Fuerst Day Lawson Limited, and Ingredion Incorporated
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Key Highlights from the Report
Hydrocolloids segment revenue is expected to expand at a significantly rapid CAGR during the forecast period as a result of increasing usage of hydrocolloids as food thickeners.
Plant segment is expected to lead in terms of revenue over the forecast period. Food thickeners produced from plants are in high demand among customers, especially in baked products, confectionery, and processed food, due to the rising trend of vegan food culture.
North America is expected to account for a larger revenue share than other regional markets over the forecast period. Food and beverage sectors are well-developed in countries in the region which is expected to drive market revenue growth in North America.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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Emergen Research has segmented the global food thickeners on the basis of type, source, application, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Starch
Protein
Hydrocolloids
Agar
Gelatin
Pectin
Xanthan Gum
Others
Source Outlook (Revenue, USD Billion; 2018–2028)
Microbial
Animal
Plant
Application Outlook (Revenue, USD Billion; 2018–2028)
Confectionery
Bakery
Beverages
Sauces
Convenience Processed Food
Dairy Frozen Desserts
Others
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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