Global Food Thickening Agents Market Trends, Applications, Analysis, Growth, and Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global food thickening agents market in its upcoming report titled, “Global Food Thickening Agents Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global food thickening agents market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global food thickening agents market report has been segmented on the basis of type, source, application, and region.
Thickening agents or thickeners, are substances which increase the viscosity of a solution or liquid/solid mixture without substantially modifying its other properties. They are most frequently applied to foods products where taste plays an important role. Thickeners may improve the suspension of other ingredients or emulsions which increases the stability of the product. Food thickeners are based on either polysaccharide (starches, vegetable gums, and pectin), or proteins.
Increasing R&D activities by major players for manufacturing new food products without compromising the taste and quality and growing demand for food thickening agents from dairy industry are major factors driving growth of the global food thickening agents market. In addition, demand from bakery & confectionery and beverage industries is another factor expected to support growth of the global food thickening agents market.
However, high R&D cost related to food thickening agents is a major factor expected to restrain growth of the global food thickening agents market. In addition, stringent government regulations related to chemical food additives is another factor expected to hamper growth of the global food thickening agents market.
Technological advancements by major players for development of cost-effective food thickening agent processes is expected to create new opportunities in terms of revenue for players operating in the global food thickening agents market over the forecast period.
The market in North America is expected to dominate the global food thickening agents market in terms of revenue and is expected to continue its dominance over the forecast period. This can be attributed to growing demand from bakery & confectionery and presence of prominent players operating in the economies in this region. The market in Europe is expected to contribute significant revenue share to the global market, owing to increasing demand from bakery and confectionery, and food & beverage industries. The market in Asia Pacific is expected to witness faster growth, owing to growing demand from dairy industry. The markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period.
Global Food Thickening Agents Market Segmentation:
- Sauces, dressings, marinades, and gravies
- Dairy & frozen deserts
- Convenience & processed foods
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Cargill, Inc.
- Archer Daniels Midland Company
- Ingredion Inc.
- DowDuPont Inc.
- Tate & Lyle PLC
- Ashland Inc.
- CP Kelco U.S., Inc.
- Kerry Group PLC
- Koninklijke DSM N.V.
- Fuerst Day Lawson Limited
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