Global Food Thickeners Market to Reach US$ 22.8 Billion by 2032, Stimulated by the Growing Demand for Convenience Food

July 24, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Food Thickeners Market Report by Type (Protein, Starch, Hydrocolloids), Source (Plant, Animal, Microbial), Application (Bakery, Confectionery, Sauces and Dips, Beverages, Convenience and Processed Food, and Others), and Region 2024-2032,” the global food thickeners market size reached US$ 15.1 Billion in 2023. A food thickener, as the term suggests, is a substance used to increase the viscosity of a liquid without altering its other properties such as taste. It is extensively used in the food and beverage industry to improve the texture and consistency of food products. This thickener can be either natural, such as polysaccharides (starches, vegetable gums, and pectin) and proteins, or synthetic such as modified food starch and methylcellulose. It helps to stabilize emulsions, foams, and suspensions, and enhance the feel and appearance of food and drink. Predominantly, food thickeners are utilized in products such as dairy products, confectionery, sauces, soups, and bakery items. Its capacity to absorb water and augment the viscosity of the food product without any significant change in its taste and other properties makes them a vital component in the food processing industry.

Global Food Thickeners Market Trends:

The global food thickeners market is witnessing robust growth due to the rising global demand for processed and convenience foods. As lifestyles become busier and consumers increasingly seek easy-to-prepare, flavorful, and visually appealing food options, the use of food thickeners to enhance the texture and stability of these products is growing. Along with this, the rising health consciousness among consumers is amplifying the demand for thickeners derived from natural sources. The growing trend of veganism and plant-based diets has also bolstered the use of plant-derived thickeners such as gums and pectin. In addition, advances in food technology and the development of innovative thickening agents that can maintain food quality under various conditions are propelling the market. These advancements also include the creation of low-fat and low-calorie thickeners that align with the increasing demand for healthier food options. Furthermore, the advent of new product developments, including gluten-free and organic thickeners, is creating a positive market outlook. Some of the other factors driving the market include rapid urbanization, changing consumer preferences, and inflating disposable income levels. Looking forward, the market value is projected to reach US$ 22.8 Billion by 2032, expanding at a CAGR of 4.54% during 2024-2032.

Market Summary:

  • Based on the type, the market has been segmented into protein, starch, and hydrocolloids.
  • On the basis of the source, the market has been segregated into Plant, animal, and microbial.
  • Based on the application, the market has been segmented into bakery, confectionery, sauces and dips, beverages, convenience and processed food, and others.
  • Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some 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., Tate & Lyle Plc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Source, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
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Global Food Thickeners Market to Reach US$ 22.8 Billion by 2032, Stimulated by the Growing Demand for Convenience Food
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