The global food thickeners market is experiencing significant growth and innovation, driven by increased demand for convenience foods and the expansion of the food and beverage industry. Thickeners are being utilized to improve the texture and stability of various products, enhancing their appeal to consumers. The market is witnessing a surge in natural and plant-based thickeners due to growing health and sustainability concerns. Additionally, technological advancements in food processing and research are further boosting the market's positive trajectory, ensuring a promising future for food thickeners on a global scale.
According to Data Bridge Market Research, the Global Food Thickeners Market is expected to reach the value of USD 13,140.12 million by 2029 from USD 8,558.00 million in 2021 with a CAGR of 5.5% in the forecast period of 2022 to 2029
"Growing demand for convenience foods surge market demand"
The growing demand for convenience foods is driven by fast-paced lifestyles and urbanization trends. As consumers seek quick and easy meal solutions, ready-to-eat and processed foods have become increasingly popular. Food thickeners are vital additives in these products as they improve texture and stability, ensuring consistent quality and palatability. Their role in enhancing the sensory experience of convenience foods makes them indispensable to manufacturers seeking to meet consumers' preferences for hassle-free and enjoyable meal options.
What restraints the growth of the global food thickeners market?
" Fluctuating raw material prices can impede the market growth”
The global food thickeners market faces challenges from fluctuating raw material prices. As the availability and cost of essential ingredients used in food thickeners change, it impacts production costs and pricing of finished products. Manufacturers' profit margins may be affected, leading to a competitive environment where companies must navigate price fluctuations to remain competitive in the market. Managing these cost dynamics is crucial to maintaining a sustainable and profitable business in the industry.
Segmentation: Global Food Thickeners Market
The global food thickeners market is segmented on the basis of type, form, nature, source, and application
- On the basis of type, the global food thickeners market is segmented into hydrocolloids, protein, starch, pectin, and others
- On the basis of form, the global food thickeners market is segmented into powder, granules, gel, and others
- On the basis of nature, the global food thickeners market is segmented into non-gmo and gmo
- On the basis of source, the global food thickeners market is segmented into plant, animal, marine, and microbial
- On the basis of application, the global food thickeners market is segmented into food and beverages.
Regional Insights: Asia-Pacific dominates the Global Food Thickeners Market
Asia-Pacific region is projected to experience significant growth in the food thickeners business, driven by increased investments and collaborations. China is expected to be a key player in this market due to the rising disposable incomes and changing lifestyles resulting from rapid urbanization. These factors will likely boost the demand for food thickeners in the country, contributing to its domination in the region's market.
In the European region, France is anticipated to lead the global food thickeners market due to a growing demand for agar as a thickening agent in the bakery and confectionery industry. As consumers seek innovative and natural ingredients, agar, derived from seaweed, has gained popularity as a reliable and plant-based thickener. France's focus on culinary excellence and its influence on European food trends are expected to drive its dominance in this market segment.
In the North America region, the U.S. is anticipated to lead the growth of the global food thickeners market. This dominance is attributed to the thriving fast-food industry and the increasing number of restaurant chains across the country. As fast foods gain popularity among consumers seeking quick and convenient dining options, the demand for food thickeners rises. These additives are used to enhance texture and consistency in various dishes, contributing to the continuous expansion of the market in the U.S.
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Recent Developments in Global Food Thickeners Market
- In January 2021, Tate & Lyle expanded its line of tapioca-based starches. The expansion includes the launch of new REZISTA MAX thickening starches and BRIOGEL gelling starches. This has helped the company to widen its product portfolio
- In May 2019, Bioriginal introduced a new product named XanFlax which is a natural thickening agent that can be used as a non-GMO replacement for xanthan gum in a variety of food applications
The Prominent Key Players Operating in the Global Food Thickeners Market Include:
- Ingredion Incorporated (U.S.)
- Cargill, Incorporated (U.S.)
- CP Kelco U.S., Inc. (U.S.)
- Tate & Lyle (U.K.)
- DuPont Nutrition Bioscience ApS (Denmark)
- Ashland (U.S.)
- ADM (U.S.)
- Jungbunzlauer Suisse AG (Switzerland)
- Deosen Biochemical (Ordos) Ltd. (China)
- GELITA AG (Germany)
- Solvay (Belgium)
- VIKAS WSP LTD. (India)
- DSM (Netherlands)
- Guar Resources, LLC. (U.S.)
- Medline Industries, LP (U.S.)
- Kent Precision Foods Group, Inc. (U.S.)
- Chimique (India) Ltd (India)
- Fooding Group Limited (China)
- HL Agro Products Pvt. Ltd. (India)
- Emsland Group (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of global food thickeners market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Food Thickeners Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
