ID: MRFR/F-B & N/1935-HCR | February 2023 | Region: Global | 110 Pages
The food Thickeners Market Size is anticipated to reach USD 13.3 billion by 2027, registering a CAGR of 5.9% during 2020-2027
$13.3 billion
5.9%
North America
2020-2027
Food Thickeners Market Overview:
The food thickeners market is calculated to grow at the CAGR of 5.9% Forecast to 2027. Food thickeners are commonly known as food hydrocolloids and are used to increase the viscosity of the food preparation without altering the authentic taste of the food. These thickeners are used widely in food and beverages to increase the consistency of the food product. Food thickeners are extracted from various sources and are edible in nature. The thickeners that are extracted from the plant sources are generally edible starches which provide bulkiness to the food product thereby increasing the overall organoleptic property of the food.
Market Scenario
The rise in demand for convenience foods, bakery, and confectionery products amongst the population is supporting the growth of Food Thickeners in the food industries. The consumption of frozen desserts in developing countries have directly influenced the growth of the food thickeners segment. It is the ingredient used to increase the stability of frozen dessert products. Developing economic conditions have a high impact on changing consumers eating preferences due to which the demand for specialty food and beverages is experiencing a surge. The overall growth in these segments supports the growth of food thickeners in the food and beverage industries.
Study Objectives of Food Thickeners Market
Intended Audience
Key Findings
Segments
Food Thickeners has been segmented on the basis of origin which comprises microorganisms, plants, and animals
Food Thickeners has been segmented on the basis of type which comprises starches, proteins, vegetable gums, and others
Food Thickeners has been segmented on the basis of product type which comprises cornstarch, alginin, guar gum, xanthan gum, collagen, gelatin, agar, carrageenan, and others
Food Thickeners has been segmented on the basis of application which comprises bakery, confectionery, beverages, soups and gravies, dairy products, dressings and marinades, convenience foods, and others
Regional Analysis
The food thickeners market is segmented into North America, Europe, Asia Pacific, and the rest of the world (ROW). Among these North America has the major market share followed by Europe. Increasing demand for convenience food and on-the-go beverages amongst the developed countries of North America and Europe region is supporting the growth of the Food thickeners market. However, Asia- Pacific is emerging as a potential market for food thickeners. Japan, Canada, Belgium, the U.K., and Germany are the major importers of food thickeners.
Key Players
The key players profiled in the food thickeners market are Cargill (U.S.), Tate & Lyle PLC (U.K.), Archer Daniels Midland (U.S.), Ingredion Incorporated (U.S.), E. I. du Pont de Nemours and Company (U.S.), Kerry Group Plc (Ireland), TIC Gums (U.S.)
The global food thickeners market is segmented under the following regions mentioned below:
North America
Europe
Asia-Pacific
Rest of the world
The report for the food thickeners market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight into the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic, and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Report Attribute/Metric | Details |
---|---|
Market Size | USD 13.3 Billion |
CAGR | 5.9% (2020-2027) |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Origin, By Type, By Product, By Application, and By Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Cargill (U.S.), Tate & Lyle PLC (U.K.), Archer Daniels Midland (U.S.), Ingredion Incorporated (U.S.), E. I. du Pont de Nemours and Company (U.S.), Kerry Group Plc (Ireland), TIC Gums (U.S.) |
Key Market Opportunities | Developing baby food product is probably going to incline toward industry size |
Key Market Drivers | Increasing demand for bakery products |
Thicken Food are used to increase the viscosity of the food preparation without altering the authentic taste of the food. These thickeners are used widely in food and beverages to increase the consistency of the food product. All-purpose flour is the most popular food thickener, followed by Cornstarch and Arrowroot or Tapioca.
Key players in the market include Cargill (U.S.), Tate & Lyle PLC (U.K.), Archer Daniels Midland (U.S.), Ingredion Incorporated (U.S.), E. I. du Pont de Nemours and Company (U.S.), Kerry Group Plc (Ireland), TIC Gums (U.S.)
During the forecast period of 2020 to 2027, the food thickeners market is expected to reach USD 13.3 billion.
North America region is leading in the food thickeners market