Global Food Thickening Agents Market – Industry Trends and Forecast to 2029

Food Thickening Agents Market Analysis and Size

As consumers' ongoing demand for flavourful and healthy ingredients, the food and beverage industry has been undergoing a period of innovation. Convergence of technology with the food and beverage industry has encouraged manufacturers to develop cost-effective and high-quality solutions, thereby increasing the desirability of their products.

Data Bridge Market Research analyses that the food thickening agents market was valued at USD 13.08 billion in 2021 and is expected to reach the value of USD 20.85 billion by 2029, at a CAGR of 6.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Food Thickening Agents Market Scope and Segmentation

Market Definition

Food thickeners, also known as thickening agents, are substances that are added to a mixture or food to increase its viscosity without significantly altering its other properties. It improves the suspension of other ingredients and increases the product's stability. Thickeners are used in the food industry to improve a variety of basic properties of food products such as viscosity, texture, density, stability, and flavour.

Food Thickening Agents Market Dynamics

Drivers

• Changing Consumer Tastes and Preferences

The primary factors ensuring the global thickening agents market's steady growth are widespread modernization, sweeping migration (particularly in developing countries), and the prevalence of chronic illnesses due to poor dietary habits, and changing consumer tastes and preferences. People's living standards have improved as a result of increased migration to cities, where resources are more readily available than in deprived areas. As a result, consumers are becoming more interested in confectionery and bakery products.

• High demand from the confectionery industry

The bakery industry was the first to use food thickening agents as an important ingredient. Breads, rye breads, whole wheat bread, buns, white breads, brown breads, and a variety of other bakery products are in high demand around the world. These dominant factors are driving the market forward.

Opportunity

The global thickening agents market's revenue index is expected to rise in the coming years, primarily due to bakery products' growing popularity. Several food and beverage companies have introduced ancillaries in the baking and confectionary industries. This factor will drive the global thickening agent market forward in the coming years. The rise of urbanisation and Western culture has increased demand for bakery products. Furthermore, the enrichment of animal feed products and rising alcoholic consumption are driving demand for food thickening agents.

Restraints

Stringent government regulations regarding the use of chemical food additives and the high cost of research and development will act as market restraints for the growth of food thickening agents during the forecast period.

This food thickening agents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the food thickening agents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Food Thickening Agents Market

Almost every business in the world has suffered as a result of the threatening coronavirus pandemic. In the midst of the pandemic, market participants in the global food thickening agents market have focused on increasing production of high-quality food thickening agents to meet rising demand from health-conscious consumers. Despite some negative effects on the global food thickening agents market, such as supply chain disruption, market players developed innovative strategies to stay afloat during the first wave of the coronavirus pandemic. During the coronavirus pandemic, the growing trend and popularity of making baking items at home boosted sales of food thickening agents significantly. Global manufacturers are focusing their efforts on increasing the production of food thickening agents.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• Lallemand Baking will launch LalFerm, a new brand of fresh bakers Food Thickening Agents, in North America in 2019. The new brand provides Bakers with customised Food Thickening Agents solutions for their applications (lean dough, sweet dough, rich dough, frozen dough, flexible proofing, Vitamin D rich, etc.).
• Angel Food Thickening Agents Co. Ltd debuted its new purpose-built Food Thickening Agents and biotechnology R&D Center in China in 2018. The new centre has a total area of 36,000sqm and can house up to 1,500 people engaged in R&D and related work, with the goal of transforming the complex into a world-class biotechnology product R&D centre and a leading global Food Thickening Agents technology research platform.

Global Food Thickening Agents Market Scope

The food thickening agents market is segmented on the basis of source, application, and sales channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

• Plant
• Seaweed
• Microbial
• Animal (Gelatin)
• Synthetic

Application

• Bakery and Confectionery
• Meat and Poultry
• Sauces and Dressings
• Beverages
• Dairy Products
• Other Applications

Sales channel

• Hydrocolloids
• Protein
• Starch

Food Thickening Agents Market Regional Analysis/Insights

The food thickening agents market is analysed and market size insights and trends are provided by country, source, application, and sales channel as referenced above.

The countries covered in the food thickening agents market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the food thickening agents market due to the growth of the bakery and confectionery industries, as well as the prevalence of various market players.

Asia-Pacific is expected to grow from 2022 to 2029 due to rising demand from the region's dairy industry.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Food Thickening Agents Market Share Analysis

The food thickening agents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to food thickening agents market.

Some of the major players operating in the food thickening agents market are:

• Dun & Bradstreet Corporation (U.S.)
• Conagra Brands, Inc. (U.S.)
• London Dairy (U.K.)
• Danone S.A. (France)
• ADM (U.S.)
• DAIYA FOODS INC. (Canada)
• Grupo Bimbo (Mexico)
• Associated British Foods PLC (U.K.)
• General Mills Inc. (U.S.)
• Lantmännen Unibake (Denmark)
• Aryzta AG (Switzerland)
• Vandemoortele NV (Belgium)
• Europastry S.A. (Spain)
• Cole’s Quality Food Inc. (U.S.)

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