Asia-Pacific Food Thickeners Market, By Type (Hydrocolloids, Protein, Starch, Pectin, and Others), Form (Powder, Granules, Gel, and Others), Nature (Non-GMO and GMO), Source (Plant, Animal, Marine, and Microbial), Application (Food and Beverages), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast To 2029.
Market Analysis and Insights: Asia-Pacific Food Thickeners Market
Asia-Pacific food thickeners market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.0% in the forecast period of 2022 to 2029 and is expected to reach USD 4,548.52 million by 2029. Rising demand for non-alcoholic drinks, including fruit juices and energy drinks, is expected to drive the Asia-Pacific food thickeners market growth.
Food thickeners are defined as the food modifying agents that are used to modify the texture structure of food & beverages. They are used to increase the thickness of food & beverages, helping absorb the water content in the edibles once they are integrated into the products. These products are majorly utilized to modify the viscosity of these products, giving them a consistent overall structure. The market's most widely used food thickeners are starches, followed by hydrocolloids and proteins. Food thickeners are used in food applications such as bakery products, confectionery products, sauces, dressings, marinades, gravies, beverages, dairy, frozen desserts, convenience, processed food, among others.
An increase in the change in lifestyle of the consumers resulting in an increased focus on their diet is a vital factor escalating the market growth. Also, a rise in the product's benefits offering more than just thickening capabilities at low costs may fuel the global food thickeners market. However, increased research and development costs associated with the development and manufacturing of food thickeners and continuous fluctuations in raw material prices of hydrocolloids are the major factors, among others, expected to restrain the global food thickeners market in the forecast period.
A rise in the new product innovation and increase in the research and development activities in the market will further create new opportunities for the global food thickeners market. On the other hand, possible health concerns regarding xanthan gum and carrageenan may challenge the growth of the global food thickeners market.
The Asia-Pacific food thickeners market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the global food thickeners market scenario, contact Data Bridge Market Research for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Food Thickeners Market Scope and Market Size
The Asia-Pacific food thickeners market is segmented based on the type, form, nature, source, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the Asia-Pacific food thickeners market is segmented into protein, starch, hydrocolloids, pectin, and others. In 2022, the hydrocolloids segment is expected to dominate the market due to its better properties in various food applications.
- On the basis of form, the Asia-Pacific food thickeners market is segmented into gel, powder, granules, and others. In 2022, the powder segment is expected to dominate the market as it is easy to maintain and mix in the formulation.
- On the basis of nature, the Asia-Pacific food thickeners market is segmented into GMO and non-GMO. In 2022, the non-GMO segment is expected to dominate the market due to the growing demand for organic, naturally grown foods.
- On the basis of source, the Asia-Pacific food thickeners market is segmented into plant-based, animal-based, marine, and microbial. In 2022, the plant-based segment is expected to dominate the market due to the growing popularity of vegan trends in the region.
- On the basis of application, the Asia-Pacific food thickeners market is segmented into food and beverages. In 2022, the food segment is expected to dominate the market due to a rise in the benefits associated with the product offering more than just thickening capabilities.
Asia-Pacific Food Thickeners Market Country Level Analysis
The Asia-Pacific food thickeners market is analyzed, and market size information is provided by the country, type, form, nature, source, and application as referenced above.
The countries covered in the Asia-Pacific food thickeners market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific.
China is expected to dominate the Asia-Pacific food thickeners market because of rise in product launches.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major 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, the impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players is Boosting the Market Growth of Food Thickeners Market
The food thickeners market also provides you with detailed market analysis for every country's growth in particular market. Additionally, it provides the detail information regarding the market players' strategy and their geographical presence. The data is available for the historic period 2011 to 2020.
Competitive Landscape and Food Thickeners Market Share Analysis
Food thickeners market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to Asia-Pacific food thickeners market.
Some of the major companies dealing in the food thickeners are Ingredion Incorporated, Cargill, Incorporated, CP Kelco U.S., Inc., Tate & Lyle, DuPont Nutrition Bioscience ApS, Ashland, ADM, Jungbunzlauer Suisse AG, Deosen Biochemical (Ordos) Ltd., GELITA AG, Solvay, VIKAS WSP LTD., DSM, Medline Industries, LP, Kent Precision Foods Group, Inc., Chimique (India) Ltd, Fooding Group Limited, HL Agro Products Pvt. Ltd., Emsland Group, among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contracts and agreements are also initiated by the companies worldwide, which are also accelerating the food thickeners market.
For instance,
- In February 2021, Ingredion Incorporated signed an agreement to create a joint venture with Grupo Arcor to produce value-added ingredients, such as glucose syrups, maltose, fructose, and starch. This has helped the company in regional expiation
Collaboration, product launch, business expansion, award and recognition, joint ventures, and other strategies by the market player are enhancing the company's footprints in the food thickeners market, which also provides the benefit for the organization's profit growth.
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