Food Thickeners Market Overview, Increasing Demand, Emerging Trends, Growth Opportunities and Future scope
Food Thickeners Market Scope:
The Food
Thickeners Market Size is projected to grow from USD 9.42
Billion in 2023 to USD 13.29 billion by 2030, food thickeners market could
anticipate a CAGR of 5.9% over the evaluation period (2023 to 2030), reveals
Market Research Future (MRFR). MRFR expects the amplified preference for
convenience foods, confectionery and bakery products worldwide to be a major
reason for the strong demand for food thickeners in the food sector.
Key Boosters and Restraints:
The dramatic growth of the food sector, especially the
bakery and dairy sectors have been quite favorable for the food thickeners
market. Factors including frequent product development, soaring consumer
preferences for premium quality products, and strict food regulations will
further facilitate market growth in the upcoming years.
Food thickeners like hydrocolloids, proteins, and starch
have extensive applications within the baking industry, where these are
predominantly utilized as stabilizing, gelling, and thickening agents.
Additionally, mounting consumption of ready-to-eat, protein-rich snacks will
also enhance the demand for food thickeners in the following years.
Segmental Review:
Food
Thickeners Market Overview, with respect to origin, caters to
plants, animals, as well as microorganisms.
Food thickeners are available in different types in the
global market, some of which include vegetable gums, proteins, starches, and
more.
Food thickeners industry, depending on product type, has
been considered for alginin, cornstarch, xanthan gum, guar gum, gelatin,
collagen, carrageenan, agar, and more.
Food thickeners’ major applications are in convenience
foods, soups and gravies, confectionery, beverages, bakery, dressings and
marinades, dairy products, and more.
Regional Insights:
Majority of the manufacturers in North America are focused
on conducting exhaustive R&D and cater to the soaring demand for food
thickeners in the bakery and dairy sectors. Mounting preference for food
products like soups, confectionaries, and marinates, in line with the rising
prevalence of a healthy lifestyle among consumers further benefits the regional
market. As a result, the global industry is dominated by North America, while
the US has been recognized as the highest gainer in the region. The country is
a major consumer of carrageenan as well as Xanthan gum, with the demand
continuously rising in the food and beverage industry for different
functionalities and applications.
In Asia Pacific, the market size is burgeoning at the
fastest rate, thanks to the changing food consumption habits of the consumers
influenced by the surging disposable income. China should expect to attain the
leading position in the region, on account of the extensive use of thickeners
in the food and beverage industry. Booming population and the abundance of key
raw materials available in the country also add to the market strength. The
Philippines happens to be the biggest producer of carrageenan and is one of the
leading exporters of the same to other regions.
Affluent Vendors:
Ingredion Incorporated (U.S.), Archer Daniels Midland
(U.S.), Kerry Group Plc (Ireland), Cargill (U.S.), E. I. du Pont de Nemours and
Company (U.S.), Tate & Lyle PLC (U.K.), TIC Gums (U.S.) are the top food
thickener developers highlighted in the extensive study.
These firms channelize their attempts at developing
cutting-edge technologies & products, utilizing innovative techniques to
produce cost-effective products. They also strive to bring down risks in their
supply chains to strictly adhere to the delivery needs. Big multinational firms
are collaborating with smaller vendors to gain a stronghold in regional
markets. Another strategic move made by these companies is focusing on
expanding their production capacity, to accommodate the rapid increase in the
product demand.
To illustrate, in November 2021, CP Kelco introduced
Kelcogel DFA Gellan Gum, which is a dual-function, single-ingredient solution
for use in dairy alternative beverages. With the company’s newly launched
gellan gum grade product, manufacturers will be able to deliver a cleaner
product label and also bring down the total costs while maintaining the
quality.
Related Reports:
Ready
To Drink Market Research Report Information By Type (Probiotic Drinks,
Sports Drinks, Energy Drinks, Fruit & Vegetable Juices and Others), By
Distribution Channel (Store-Based and Non-Store Based), And By Region (North
America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till
2030
Rapport
d'étude de marché sur les chips cuites au four : informations par
source (légumes, fruits, céréales, céréales et autres), fonctionnalité
(biologique, sans gluten, faible teneur en calories, faible teneur en sodium et
autres), canal de distribution (en magasin et hors magasin), par région —
Prévisions jusqu'en 2027
Marktinformationen
für ätherische Öle und Aromatherapie nach Produkttyp (ätherische Öle,
Mischöle, Trägeröle und andere), Aromen (Früchte, Gewürze, Blumen, Kräuter und
andere), Anwendung (Lebensmittel und Getränke, Medizin, Körperpflege (Kosmetik,
Toilettenartikel, Düfte und andere), Homecare, Spa & Wellness Produkte und
andere) und Regionsprognose bis 2027
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