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FO_174043
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Pages: 170
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Sep 2017 | 3012 Views
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Author(s) :
Yash Doshi
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Tables: 71
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Charts: 28
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Global Food Thickeners Market was valued at $10,520 million in 2016, and is expected to reach $15,150 million by 2023, registering a CAGR of 5.2% from 2017 to 2023. Food thickeners or thickening agents are substances added to a mixture or foodstuff to increase its viscosity without substantially altering its other properties. It also improves the suspension of other ingredients and increases the stability of the product. In the food industry, thickeners are used to enhance numerous basic properties of food products such as viscosity, texture, density, stability, and flavor.
Increase in demand for convenience food, rise in disposable income, and the advantages & various functions associated with the use of food thickeners drive the global food thickeners market. Further, rise in health consciousness among consumers is expected to present a substantial growth opportunity to the global industry players. However, fluctuation in prices of food thickeners and high R&D cost associated with their production may restrain the growth.
The report emphasizes on the major types of food thickeners such as starch, protein, and hydrocolloid. Based on source, the market is classified into plant, animal, and microbial. Based on application, it is divided into bakery; confectionery; sauces, dressings, marinades, & gravies; beverages; dairy & frozen desserts; and convenience & processed food. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In addition, it highlights factors that impact the growth of the global market, such as key drivers, restraints, growth opportunities, and the role of different key players. It presents the quantitative data, in terms of both value and volume, which are obtained from the secondary sources, such as company publications, Factiva, Hoovers, OneSource, and others.
Global Food Thickeners Market Segmentation
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In 2016, Europe dominated the global food thickeners market, in terms of value. However, Asia-Pacific is expected to witness the highest growth rate from 2017 to 2023, owing to increase in population, rise in disposable income, and reforms in food preferences.
Food Thickeners Market Share, By Geography, 2016 (%)
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Top Investment Pockets
Beverages is the most lucrative segment in the market, followed by sauces, dressings, marinades, & gravies segment. In beverages, food thickeners are extensively used to enhance mouthfeel and particle suspension, and to stabilize the emulsions.
Top Investment Pocket
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Europe Food Thickeners Market
Europe witnessed the highest demand for food thickeners, owing to the efforts of food & beverages manufactures to provide suitable products, considering consumers health concerns. Moreover, consumer demand for healthy and low-fat food boosts growth in this region. Germany dominated the European food thickeners market in 2016, in terms of both value and volume.
France Food Thickeners Market Growth, 2016-2023 ($Million)
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The key players profiled in the report are Archer Daniels Midland Company, Cargill, Inc., E. I. DuPont de Nemours and Company, Ingredion Incorporated, Kerry Group Plc., CP Kelco, Darling Ingredients, Tate & Lyle PLC., Ashland Specialty Ingredients, and TIC Gums.
The other major players (not profiled in report) in the market include Fuerst Day Lawson, The Dow Chemical Company, Naturex SA, and Medline Industries Inc.
Key Benefits:
Food thickeners or thickening agents are extensively used in range of applications to improve texture, food structure, mouth feel, and shelf life of food products. In the past few decades, there has been a remarkable change in consumer’s lifestyle and food habits, leading to an increase in need for food additives. These substances help to preserve food without changing its taste and maintain nutrition value. Rise in need for food additives in turn increases the demand for food thickeners to achieve the desired viscosity and stability of foodstuffs.
In 2016, starch was the leading type segment, as it is widely adopted as a food thickener in various applications. It is the most common carbohydrate in human diet and is contained in large amount in staple foods such as wheat, potatoes, rice, maize, and cassava. Starch when dissolved in warm water gives rise to a wheat paste, which can be used as a thickening, stiffening, or gluing agent.
In 2016, Europe was the most significant market for food thickeners, in terms of revenue, owing to the efforts of food & beverages manufactures to provide suitable products considering consumers’ health concerns and rise in consumer demand for healthy and low-fat food. North America is the second leading region, which is expected to register a CAGR of 5.2%, in terms of revenue.
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