Global Thickeners And Vegetable Gums Market Overview
Thickeners And Vegetable Gums Market Size was estimated at 11.43 (USD Billion) in 2022. The Thickeners And Vegetable Gums Industry is expected to grow from 11.87(USD Billion) in 2023 to 16.7 (USD Billion) by 2032. The Thickeners And Vegetable Gums Market CAGR (growth rate) is expected to be around 3.87% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Thickeners And Vegetable Gums Market Trends Highlighted
The thickeners and vegetable gums markets are growing at a steady rate because of the utility of these products in different sectors. Consumers are also driving the growth of the market as they prefer more natural and clean-label ingredients. The growing use of foods and drinks, medication, and self-care products is fostering growth.
These ingredients are also gaining more functionality than just thickening and include stabilization, emulsification, and texture altering. Innovations are causing the emergence of new and improved thickeners and vegetable gums that meet the needs of the respective industries. Also, the risk of pollution and the search for eco-friendly answers to the problem have shaped this market, forcing the demand for plant-based and biodegradable thickeners and vegetable gums.
Thickeners And Vegetable Gums Market Drivers
Increasing Demand for Natural and Clean-Label Ingredients
Consumers are becoming increasingly health-conscious and are seeking out products that are made with natural and clean ingredients. This trend is driving demand for thickeners and vegetable gums, which are often used to replace synthetic ingredients. Thickeners and vegetable gums can provide texture, stability, and other functional properties to food products without the use of artificial additives.
In addition, the clean label movement is also driving demand for thickeners and vegetable gums.Consumers want to be able to understand the ingredients list on their food products and avoid products that contain long lists of unfamiliar ingredients. Thickeners and vegetable gums are often seen as clean-label ingredients because they are derived from natural sources and are easy to understand. The increasing demand for natural and clean-label ingredients is expected to continue to drive growth in the Thickeners And Vegetable Gums Market Industry over the next several years.
Growing Demand for Plant-Based Foods
The growing demand for plant-based foods is another major driver of growth in the Thickeners And Vegetable Gums Market Industry. Thickeners and vegetable gums are essential ingredients in many plant-based foods, as they can provide texture, stability, and other functional properties. As the demand for plant-based foods continues to grow, so too will the demand for thickeners and vegetable gums. This trend is expected to continue over the next several years as more and more consumers adopt plant-based diets.
Rising Demand from Emerging Markets
It is worth noting that one of the most important components of the Thickeners And Vegetable Gums Market Industry is developing markets. More specifically, the rising middle class in these countries fuels the demand for processed foods, which are the key consumers of thickeners and vegetable gums. Furthermore, developing food and beverage markets in these countries increases the demand for these products.
Finally, the application of these ingredients is wide, as they are included in the production of such food and beverages as soups, sauces, dressings, and beverages.For these reasons, the steady increase in demand from developing countries is likely to remain one of the major sources of growth for the Thickeners And Vegetable Gums Market Industry in the course of the next several years.
Thickeners And Vegetable Gums Market Segment Insights
Thickeners And Vegetable Gums Market Product Type Insights
The product type segmentation of the Thickeners And Vegetable Gums Market includes thickeners, vegetable gums, and modified starches. Thickeners are substances that increase the viscosity of a liquid, and they are used in various applications, including food, cosmetic, and pharmaceutical applications. Vegetable gums are natural thickeners that are derived from plants, and they are commonly used in food applications. Modified starches are starches that have been modified either chemically or physically to alter their characteristics, and they are used in a wide range of applications, including food, paper, and textiles.
The thickeners segment is expected to account for the largest share of the Thickeners And Vegetable Gums Market in 2024, as well as being the slowest-growing segment over the forecast period, with a CAGR of 3.5% from 2024 to 2030. The growth of this segment is expected to be driven by the rising demand for thickeners in food applications. The vegetable gums segment is expected to be the most rapidly growing segment over the forecast period, with a CAGR of 4.0% from 2024 to 2030. The growth of this segment is expected to be driven by the rising demand for vegetable gums in both food and cosmetic applications.The modified starches segment is expected to account for the smallest share of the market in 2024, as well as being the second slowest-growing segment, with a CAGR of 2.5% from 2024 to 2030.
The growth of this segment is expected to be driven by the rising demand for modified starches in paper and textile applications. The Thickeners And Vegetable Gums Market is expected to be driven by the rising demand for processed foods, the increasing disposable income of consumers, and the growing awareness of the health benefits of vegetable gums.The market is also expected to benefit from the rising demand for thickeners in non-food applications, such as in the personal care and pharmaceutical industries.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Thickeners And Vegetable Gums Market Source Insights
Plant-based thickeners and vegetable gums held the largest revenue share of over 60% in the Thickeners and Vegetable Gums Market in 2023 and are anticipated to continue their lead throughout the forecast period. They are derived from naturally found raw materials such as starch, cellulose, and pectin and are used in a wide range of food and beverage products due to their thickening, gelling, and stabilizing properties.
An increase in the inclination toward plant-based products and the rise in the vegan and vegetarian population are some of the key factors driving the growth of the segment across the globe.The animal-based thickeners segment, which includes gelatin and collagen, accounted for a major share of the Thickeners and Vegetable Gums Market revenue in 2023 and is expected to witness steady growth in the upcoming years. These thickeners have high thickening and gelling properties and are majorly used in confectionery, dairy products, and meat products.
However, the rising concerns regarding animal cruelty and the availability of alternative plant-based thickeners may impact the growth of this segment to some extent. Mineral-based thickeners, such as bentonite clay and attapulgite clay, are anticipated to grow at a comparatively lower pace during the forecast period.These types of thickeners are majorly used in industrial applications, such as oil and gas drilling, and it is anticipated that the demand for these products will remain relatively steady in the upcoming years.
Thickeners And Vegetable Gums Market Function Insights
Thickening, stabilizing, gelling, and emulsifying are the four primary functions of thickeners and vegetable gums in the food industry. Thickening agents increase the viscosity of food products, making them thicker and more spreadable. Stabilizers prevent the separation of ingredients in food products, ensuring a consistent texture and preventing syneresis. Gelling agents form a gel network, giving food products a semi-solid consistency. The increasing demand for processed and convenience foods, along with the growing popularity of plant-based diets, is driving the market growth.
Thickeners and vegetable gums are widely used in the food industry to improve the texture, stability, and shelf life of food products. In terms of function, the thickening segment accounted for the largest share of the thickeners and vegetable gums market in 2023, and it is projected to continue to dominate the market throughout the forecast period. Thickening agents are essential for creating the desired texture and consistency in food products, making them a crucial ingredient in a wide range of applications.
Thickeners And Vegetable Gums Market Application Insights
The Thickeners And Vegetable Gums Market is segmented into Food and Beverage, Pharmaceuticals, Personal Care, and Industrial applications. The Food and Beverage segment is the largest, accounting for over 50% of the Thickeners And Vegetable Gums Market revenue in 2023. This segment is driven by the increasing demand for processed and packaged foods, as well as the growing popularity of plant-based meat alternatives. The Pharmaceuticals segment is the second largest and is expected to grow at a CAGR of 4.5% over the forecast period.
This growth is attributed to the rising demand for thickeners and vegetable gums in drug delivery systems, as well as their use in the production of medical devices. The Personal Care segment is the third largest and is expected to grow at a CAGR of 3.8% over the forecast period. This growth is driven by the increasing demand for thickeners and vegetable gums in cosmetics and personal care products, such as shampoos, conditioners, and lotions. The Industrial segment is the smallest and is expected to grow at a CAGR of 3.2% over the forecast period.This growth is driven by the increasing demand for thickeners and vegetable gums in the production of paints, coatings, and adhesives.
Thickeners And Vegetable Gums Market Consumption Form Insights
Powder segment held the largest market share, accounting for over 50% of the Thickeners And Vegetable Gums Market revenue in 2023. The ease of storage, handling, and transportation of powdered thickeners and vegetable gums makes them a preferred choice for manufacturers and end-users. The liquid segment is projected to grow at the highest CAGR during the forecast period, owing to the increasing demand for liquid thickeners and vegetable gums in the food and beverage industry. Granules segment is also expected to witness significant growth, driven by the growing demand for thickeners and vegetable gums in the pharmaceutical and personal care industries.
Thickeners And Vegetable Gums Market Regional Insights
The Thickeners And Vegetable Gums Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in the coming years. The growth of the market in this region can be attributed to the increasing demand for processed foods and beverages. Europe is another major market for Thickeners And Vegetable Gums.
The market in this region is driven by the growing health consciousness among consumers. APAC is also a significant market for Thickeners And Vegetable Gums and is expected to witness significant growth in the coming years.The growth of the market in this region can be attributed to the rising disposable income and changing lifestyles of consumers. South America and MEA are also expected to witness steady growth in the Thickeners And Vegetable Gums market over the forecast period.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Thickeners And Vegetable Gums Market Key Players And Competitive Insights
Major players in the Thickeners And Vegetable Gums Market industry are constantly engaged in research and development to improve the quality of their products and gain a competitive edge. Leading Thickeners And Vegetable Gums Market players are focused on expanding their product portfolios by introducing new products and flavors to cater to the evolving tastes and preferences of consumers. The thickeners And Vegetable Gums Market development is driven by the increasing demand for natural and healthy ingredients in food and beverage products. To meet this demand, manufacturers are investing in research to develop new and innovative thickeners and vegetable gums that are both functional and cost-effective.
The Thickeners And Vegetable Gums Market Competitive Landscape is expected to remain fragmented, with several key players competing for market share.Cargill, Incorporated is a leading supplier of food, agriculture, financial and industrial products and services. The company's food ingredients business provides a wide range of thickeners and vegetable gums for use in food and beverage applications. Cargill has a strong presence and a diverse product portfolio, which allows it to meet the needs of a wide range of customers. The company is also committed to sustainability and has a number of initiatives in place to reduce its environmental impact.Ingredion Incorporated is another major player in the Thickeners And Vegetable Gums Market.
The company offers a wide range of starches, sweeteners, and other food ingredients. Ingredion has a strong presence and a diverse product portfolio, which allows it to meet the needs of a wide range of customers. The company is also committed to innovation and has a number of research and development initiatives in place to develop new and innovative products.
Key Companies in the Thickeners And Vegetable Gums Market Include
- Ashland
- Nexira
- Kimica Corporation
- CP Kelco U.S., Inc.
- CEAMSA
- Kerry Group plc
- TIC Gums
- Lonza Group Ltd
- Ingredion Incorporated
- Tate Lyle PLC
- Cargill, Incorporated
- Archer Daniels Midland Company
- Palsgaard A/S
- DuPont de Nemours, Inc.
Thickeners And Vegetable Gums Market Industry Developments
The Thickeners and Vegetable Gums Market is projected to reach USD 16.7 billion by 2032, exhibiting a CAGR of 3.87% during the forecast period (2024-2032). Rising demand for processed foods, increasing awareness of health benefits associated with vegetable gums, and growing applications in various industries such as food, beverages, and pharmaceuticals are key factors driving market growth. Major players in the industry are investing in research and development to introduce innovative products and expand their market presence. Recent developments include the launch of new plant-based thickeners and the acquisition of smaller players by larger companies to strengthen their product portfolios and distribution networks.
Thickeners And Vegetable Gums Market Segmentation Insights
- Thickeners And Vegetable Gums Market Product Type Outlook
- Thickeners
- Vegetable Gums
- Modified Starches
- Thickeners And Vegetable Gums Market Source Outlook
- Thickeners And Vegetable Gums Market Function Outlook
- Thickening
- Stabilizing
- Gelling
- Emulsifying
- Thickeners And Vegetable Gums Market Application Outlook
- Food and Beverage
- Pharmaceuticals
- Personal Care
- Industrial
- Thickeners And Vegetable Gums Market Consumption Form Outlook
- Thickeners And Vegetable Gums Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
11.43(USD Billion) |
| Market Size 2023 |
11.87(USD Billion) |
| Market Size 2032 |
16.7(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.87% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Ashland, Nexira, Kimica Corporation, CP Kelco U.S., Inc., CEAMSA, Kerry Group plc, TIC Gums, Lonza Group Ltd, Ingredion Incorporated, Tate & Lyle PLC, Cargill, Incorporated, Archer Daniels Midland Company, Palsgaard A/S, DuPont de Nemours, Inc. |
| Segments Covered |
Product Type, Source, Function, Application, Consumption Form, Regional |
| Key Market Opportunities |
Rising demand for plant-based food products is increasing health consciousness, expanding the food and beverage industry, and growing consumer preference for natural and clean-label ingredients. |
| Key Market Dynamics |
Rising demand for clean-label products Increasing vegan population Growing health consciousness |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Thickeners And Vegetable Gums Market is expected to reach a valuation of 16.7 billion USD by 2032, exhibiting a CAGR of 3.87% from 2024 to 2032.
North American region is projected to hold the largest market share in the Thickeners And Vegetable Gums Market due to the increasing demand for processed and packaged food products in the region.
Thickeners and vegetable gums find extensive applications in various industries, including food beverages, pharmaceuticals, personal care, and oil gas. In the food industry, they are used as thickeners, stabilizers, and gelling agents in products such as soups, sauces, desserts, and baked goods.
Some of the prominent players in the Thickeners And Vegetable Gums Market include Archer Daniels Midland Company, Cargill, Incorporated, Ingredion Incorporated, Tate Lyle PLC, and Kerry Group PLC.
The increasing demand for processed and packaged food products, rising health consciousness among consumers, and the growing adoption of plant-based food products are the primary growth drivers of the Thickeners And Vegetable Gums Market.
The Thickeners And Vegetable Gums Market faces challenges such as regulatory restrictions, fluctuating raw material prices, and intense competition from synthetic substitutes.
The key trends in the Thickeners And Vegetable Gums Market include the rising demand for clean-label and natural ingredients, the development of new and innovative applications, and the increasing adoption of sustainable practices.
The Thickeners And Vegetable Gums Market is anticipated to grow at a CAGR of 3.87% from 2024 to 2032.
The key factors driving the demand for Thickeners and Vegetable Gums include the growing population, rising disposable income, changing dietary habits, and increasing urbanization.
The major end-use industries of Thickeners and Vegetable Gums are the food, beverage, pharmaceutical, personal care, and oil gas industries.
