Food Thickeners Market by Type (Starch, Protein, and Hydrocolloid), Source (Plant, Animal, and Microbial) and Application (Bakery; Confectionery; Sauces, Dressings, Marinades, & Gravies; Beverages; Dairy & Frozen Desserts; and Convenience & Processed Food) - Global Opportunity Analysis and Industry Forecast, 2017-2023 Update Available On-Demand
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A03698
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Pages: 170
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Sep
2017 |
5182 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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Formats*:
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Request Now !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.
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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:
- 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:
By Type
- Starch
- Protein
- Hydrocolloid
By Source
- Plant
- Animal
- Microbial
By Application
- Bakery
- Confectionery
- Sauces, Dressings, Marinades, & Gravies
- Beverages
- Dairy & Frozen Desserts
- Convenience & Processed Food
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Spain
- UK
- Russia
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Turkey
- South Africa
- Rest of LAMEA
CHAPTER 1. INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model
CHAPTER 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES
CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top winning strategies
3.3. KEY PLAYER POSITIONING
3.4. PORTER’S FIVE FORCES ANALYSIS
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Increase in demand for convenience food
3.5.1.2. Rise in disposable income
3.5.1.3. Advantages and several functions associated with the use of food thickeners
3.5.2. Restraints
3.5.2.1. Fluctuating prices of food thickeners
3.5.3. Opportunity
3.5.3.1. Consumer’s inclination towards the healthy food and lifestyle
3.6. MARKET SHARE ANALYSIS, 2016 (%)
CHAPTER 4. GLOBAL FOOD THICKENERS MARKET, BY TYPE
4.1. INTRODUCTION
4.1.1. Market Size and Forecast
4.2. STARCH
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast
4.3. PROTEIN
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
4.4. HYDROCOLLOID
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast
CHAPTER 5. GLOBAL FOOD THICKENERS MARKET, BY SOURCE
5.1. INTRODUCTION
5.1.1. Market Size and Forecast
5.2. PLANT
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.3. ANIMAL
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast
5.4. MICROBIAL
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast
CHAPTER 6. GLOBAL FOOD THICKENERS MARKET, BY APPLICATION
6.1. INTRODUCTION
6.1.1. Market Size and Forecast
6.2. BAKERY
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
6.3. CONFECTIONERY
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
6.4. SAUCES, DRESSINGS, MARINADES, AND GRAVIES
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
6.5. BEVERAGES
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
6.6. DAIRY & FROZEN DESSERTS
6.6.1. Key Market Trends, Growth Factors and Opportunities
6.6.2. Market Size and Forecast
6.7. CONVENIENCE & PROCESSED FOODS
6.7.1. Key Market Trends, Growth Factors and Opportunities
6.7.2. Market Size and Forecast
CHAPTER 7. GLOBAL FOOD THICKENERS MARKET, BY GEOGRAPHY
7.1. INTRODUCTION
7.1.1. Market Size and Forecast
7.2. NORTH AMERICA
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast
7.2.3. U.S.
7.2.3.1. Market size and forecast, by application
7.2.4. Canada
7.2.4.1. Market size and forecast, by application
7.2.5. Mexico
7.2.5.1. Market size and forecast, by application
7.3. EUROPE
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast
7.3.3. Germany
7.3.3.1. Market size and forecast, by application
7.3.4. Spain
7.3.4.1. Market size and forecast, by application
7.3.5. UK
7.3.5.1. Market size and forecast, by application
7.3.6. Russia
7.3.6.1. Market size and forecast, by application
7.3.7. France
7.3.7.1. Market size and forecast, by application
7.3.8. Rest of Europe
7.3.8.1. Market size and forecast, by application
7.4. ASIA-PACIFIC
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast
7.4.3. China
7.4.3.1. Market size and forecast, by application
7.4.4. India
7.4.4.1. Market size and forecast, by application
7.4.5. Japan
7.4.5.1. Market size and forecast, by application
7.4.6. Australia
7.4.6.1. Market size and forecast, by application
7.4.7. Korea
7.4.7.1. Market size and forecast, by application
7.4.8. Rest of Asia-Pacific
7.4.8.1. Market size and forecast, by application
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast
7.5.3. Brazil
7.5.3.1. Market size and forecast, by application
7.5.4. Turkey
7.5.4.1. Market size and forecast, by application
7.5.5. South Africa
7.5.5.1. Market size and forecast, by application
7.5.6. Rest of LAMEA
7.5.6.1. Market size and forecast, by application
CHAPTER 8. COMPANY PROFILES
8.1. ARCHER DANIELS MIDLAND COMPANY
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves and Developments
8.2. CARGILL, INC.
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves and Developments
8.3. E. I. DUPONT DE NEMOURS AND COMPANY
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves and Developments
8.4. INGREDION INCORPORATED
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves and Developments
8.5. KERRY GROUP PLC.
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves and Developments
8.6. CP KELCO
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves and Developments
8.7. DARLING INGREDIENTS
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves and Developments
8.8. TATE & LYLE PLC.
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves and Developments
8.9. ASHLAND SPECIALTY INGREDIENTS
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves and Developments
8.10. TIC GUMS
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments
List of Tables
TABLE 1. GLOBAL FOOD THICKENERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 2. GLOBAL STARCH FOOD THICKENERS MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 3. GLOBAL PROTEIN FOOD THICKENERS MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 4. GLOBAL HYDROCOLLOID FOOD THICKENERS MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 5. GLOBAL FOOD THICKENERS MARKET VALUE, BY SOURCE, 2016-2023 ($MILLION)
TABLE 6. GLOBAL PLANT FOOD THICKENERS MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 7. GLOBAL ANIMAL FOOD THICKENERS MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 8. GLOBAL MICROBIAL FOOD THICKENERS MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 9. GLOBAL FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 10. GLOBAL FOOD THICKENERS IN BAKERY MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 11. GLOBAL FOOD THICKENERS IN CONFECTIONERY MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 12. GLOBAL FOOD THICKENERS IN SAUCES, DRESSINGS, MARINADES, AND GRAVIES MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 13. GLOBAL FOOD THICKENERS IN BEVERAGES MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 14. GLOBAL FOOD THICKENERS IN DAIRY & FROZEN DESSERTS FOOD MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 15. GLOBAL FOOD THICKENERS IN CONVENIENCE & PROCESSED FOODS MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 16. GLOBAL FOOD THICKENERS MARKET VALUE, BY REGION, 2016-2023 ($MILLION)
TABLE 17. NORTH AMERICA FOOD THICKENERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 18. NORTH AMERICA FOOD THICKENERS MARKET VALUE, BY SOURCE, 2016-2023 ($MILLION)
TABLE 19. NORTH AMERICA FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 20. NORTH AMERICA FOOD THICKENERS MARKET VALUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 21. U.S. FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 22. CANADA FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 23. MEXICO FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 24. EUROPE FOOD THICKENERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 25. EUROPE FOOD THICKENERS MARKET VALUE, BY SOURCE, 2016-2023 ($MILLION)
TABLE 26. EUROPE FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 27. EUROPE FOOD THICKENERS MARKET VALUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 28. GERMANY FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 29. SPAIN FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 30. UK FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 31. RUSSIA FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 32. FRANCE FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 33. REST OF EUROPE FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 34. ASIA-PACIFIC FOOD THICKENERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 35. ASIA-PACIFIC FOOD THICKENERS MARKET VALUE, BY SOURCE, 2016-2023 ($MILLION)
TABLE 36. ASIA-PACIFIC FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 37. ASIA-PACIFIC FOOD THICKENERS MARKET VALUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 38. CHINA FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 39. INDIA FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 40. JAPAN FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 41. AUSTRALIA FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 42. KOREA FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 43. REST OF ASIA-PACIFIC FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 44. LAMEA FOOD THICKENERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 45. LAMEA FOOD THICKENERS MARKET VALUE, BY SOURCE, 2016-2023 ($MILLION)
TABLE 46. LAMEA FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 47. LAMEA FOOD THICKENERS MARKET VALUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 48. BRAZIL FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 49. TURKEY FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 50. SOUTH AFRICA FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 51. REST OF LAMEA FOOD THICKENERS MARKET VALUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 52. ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT
TABLE 53. ARCHER DANIELS MIDLAND COMPANY: OPERATING SEGMENTS
TABLE 54. CARGILL, INC.: COMPANY SNAPSHOT
TABLE 55. CARGILL, INC.: OPERATING SEGMENTS
TABLE 56. E. I. DUPONT DE NEMOURS AND COMPANY: COMPANY SNAPSHOT
TABLE 57. E. I. DUPONT DE NEMOURS AND COMPANY: OPERATING SEGMENTS
TABLE 58. INGREDION INCORPORATED: COMPANY SNAPSHOT
TABLE 59. INGREDION INCORPORATED: OPERATING SEGMENTS
TABLE 60. KERRY GROUP PLC.: COMPANY SNAPSHOT
TABLE 61. KERRY GROUP PLC.: OPERATING SEGMENTS
TABLE 62. CP KELCO: COMPANY SNAPSHOT
TABLE 63. CP KELCO: OPERATING SEGMENTS
TABLE 64. DARLING INGREDIENTS: COMPANY SNAPSHOT
TABLE 65. DARLING INGREDIENTS: OPERATING SEGMENTS
TABLE 66. TATE & LYLE PLC: COMPANY SNAPSHOT
TABLE 67. TATE & LYLE PLC: OPERATING SEGMENTS
TABLE 68. ASHLAND SPECIALTY INGREDIENTS: COMPANY SNAPSHOT
TABLE 69. ASHLAND SPECIALTY INGREDIENTS: OPERATING SEGMENTS
TABLE 70. TIC GUMS: COMPANY SNAPSHOT
TABLE 71. TIC GUMS: OPERATING SEGMENTS
List of Figures
FIGURE 1. GLOBAL FOOD THICKENERS MARKET: SEGMENTATION
FIGURE 2. GLOBAL FOOD THICKENERS MARKET SHARE, BY TYPE, 2016 (%)
FIGURE 3. TOP INVESTMENT POCKETS, BY APPLICATION
FIGURE 4. TOP WINNING STRATEGIES
FIGURE 5. BARGAINING POWER OF SUPPLIERS
FIGURE 6. BARGAINING POWER OF BUYERS
FIGURE 7. THREAT OF NEW ENTRANTS
FIGURE 8. THREAT OF SUBSTITUTES
FIGURE 9. COMPETITIVE RIVALRY
FIGURE 10. U.S. FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 11. CANADA FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 12. MEXICO FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 13. GERMANY FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 14. SPAIN FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 15. UK FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 16. RUSSIA FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 17. FRANCE FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 18. REST OF EUROPE FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 19. CHINA FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 20. INDIA FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 21. JAPAN FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 22. AUSTRALIA FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 23. KOREA FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 24. REST OF ASIA-PACIFIC FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 25. BRAZIL FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 26. TURKEY FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 27. SOUTH AFRICA FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 28. REST OF LAMEA FOOD THICKENERS MARKET VALUE, 2016-2023 ($MILLION)
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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