Food Thickeners Market

Market Overview:

The global food thickeners market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the market to continue its moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Food thickeners are food modifying agents used for increasing the thickness or consistency of the food without altering the flavor. They are usually extracted from plant sources that increase the bulkiness and viscosity of the product by absorbing water present in the dish. Some of the commonly used food thickeners include hydrocolloids, collagen, gelatin, arrowroot, cornstarch, potato starch, sago, tapioca, alganin and xanthan gum. They are used with sauces, gravies, desserts and puddings in combination with other ingredients to provide a consistent texture to the dish.

Significant growth in the food and beverage industry across the globe represents one of the key factors creating a positive outlook for the market growth. Furthermore, the increasing demand for ready-to-eat (RTE) and convenience food products is also driving the market growth. Food thickeners, such as starch, hydrocolloids and proteins, are widely used to manufacture RTE dairy and frozen desserts, bakery products, sauces and dressings. In line with this, the increasing demand for healthy snacks produced with natural ingredients, is also contributing to the market growth. Additionally, various product innovations, such as the launch of variants with enhanced organoleptic characteristics, ingredient emulsification and palatability, are acting as other growth-inducing factors. Product manufacturers are also developing organic and water-soluble food thickeners with low-calorie content to enhance the efficiency of the thickening agents. Other factors, including rising expenditure capacities of the consumers, along with shifting food consumption patterns, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global food thickeners market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, source and application.

Breakup by Type:

• Protein
• Starch
• Hydrocolloids
   

Breakup by Source:

• Plant
• Animal
• Microbial
   

Breakup by Application:

• Bakery
• Confectionery
• Sauces and Dips
• Beverages
• Convenience and Processed Food
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer Daniels Midland Company, Ashland Global Holdings Inc., Cargill Incorporated, CP Kelco U.S. Inc. (J.M. Huber Corporation), Darling Ingredients Inc., DuPont De Nemours Inc., Ingredion Incorporated, Kerry Inc. (Kerry Group Plc), Medline Industries Inc. and Tate & Lyle Plc.

Report Coverage:

Key Questions Answered in This Report:

• How has the global food thickeners market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global food thickeners market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the source?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global food thickeners market and who are the key players?
• What is the degree of competition in the industry?