Food Thickeners Market global industry analysis, Drivers And Overview 2024

Food Thickeners Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

The food thickeners market size has grown strongly in recent years. It will grow from $12.28 billion in 2023 to $13.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to increased demand for processed and convenience foods, growth in aging population with swallowing difficulties (dysphagia), need for texture modification in food products, expansion of the food and beverage industry globally, regulatory approval and safe usage of food thickeners, rise in prevalence of neurological disorders affecting swallowing.

The food thickeners market size is expected to see strong growth in the next few years. It will grow to $17.79 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to adoption of plant-based and algae-derived thickeners, emphasis on texture-modified diets in healthcare and geriatric care, research and development in novel thickening agents for specific applications

demand for thickeners in nutritional and functional food products, expansion of thickener applications in pet food and nutraceuticals, growing interest in customized texture solutions for foodservice industry. Major trends in the forecast period include plant-based and algae-derived thickeners, customized texture solutions, texture modification for dysphagia management, transparency and clean label claims, texture-modified pet food, functional thickeners with health benefits.

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Scope Of Food Thickeners Market

The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Food Thickeners Market Overview

Market Drivers –

Extensive use in food and beverages is expected to propel the growth of the food thickeners market going forward. The food and beverage industry refers to the companies that engage in food processing, packaging, and distribution of packaged and freshly prepared dishes, as well as alcoholic and non-alcoholic beverages. Food thickeners help the food and beverages industry by raising the viscosity of a diet or beverage and maintaining its consistency. For instance, according to the Agricultural and Processed Food Products Export Development Authority (APEDA), an Indian Apex-export trade promotion active government body, processed food product exports increased from $11,671 million in 2020-21 to $ 13,261 million in 2021-22. Therefore, extensive use in food and beverages is driving the growth of the food thickener market.

Market Trends –

Product innovations are a key trend gaining popularity in the food thickeners market. Major companies operating in the food thickeners market are innovating new products to sustain their position in the food thickeners market. For instance, in January 2021, the Tate & Lyle , a UK-based provider of food and beverage solutions and ingredients , launched REZISTA® MAX thickening starches and BRIOGEL gelling starches. Tapioca starch has several unique formulation features, such as a transparent color and a soft gel-like texture that is especially desirable in dairy desserts, certain sauces, confectionery, and processed cheese. These tapioca starches will assist food makers deliver superior goods due to their improved process tolerance, mouthfeel, fluidity, and texture.

The food thickeners market covered in this report is segmented –

1) By Type: Starch, Protein, Hydrocolloids

2) By Source: Plant, Microbial, Animal

3) By Application: Bakery, Confectionery, Sauces, Dressings, Marinades, and Gravies, Beverages, Dairy and Frozen Desserts, Convenience and Processed Food

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Regional Insights –

Europe was the largest region in the food thickeners market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food thickeners market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Companies –

Major companies operating in the food thickeners market include Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Ashland Global Holdings Inc., CP Kelco ApS, DuPont de Nemours Inc., Kerry Group plc, Darling Ingredients Inc., Tate & Lyle PLC, Medline Industries Inc., Guar Resources LLC, Deosen Biochemical (Ordos) Ltd., GELITA AG, Solvay S.A., VIKAS WSP Ltd., Koninklijke DSM N.V., Jungbunzlauer Suisse AG, DuPont Nutrition & Biosciences ApS, Biorigin SA, Fuerst Day Lawson, FMC Corporation, Naturex, Nexira, Palsgaard A/S, Premium Ingredients International, Taiyo International, TIC Gums Inc., W Hydrocolloids Inc.

Table of Contents

1. Executive Summary

2. Food Thickeners Market Report Structure

3. Food Thickeners Market Trends And Strategies

4. Food Thickeners Market – Macro Economic Scenario

5. Food Thickeners Market Size And Growth

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27. Food Thickeners Market Competitor Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

30. Appendix

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