Food Thickeners Market Overview:
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
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 (%)
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
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)
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.
- This report provides an extensive analysis of the current and emerging market trends and dynamics of the global food thickeners market.
- The market trend analysis for all the regions is conducted by constructing estimations for key segments between 2017 and 2023 to identify the prevailing opportunities.
- The report assists to understand the strategies adopted by the leading companies in the industry.
- This study evaluates the competitive landscape of this industry to understand the market scenario globally.
- Extensive analysis is conducted by following key player positioning and monitoring the top competitors within the global market.
Food Thickeners Market Key Segments:
- Sauces, Dressings, Marinades, & Gravies
- Dairy & Frozen Desserts
- Convenience & Processed Food
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA