Press release
Food Thickeners Market Report 2024: Strategies And Recent Developments
Food Thickeners Market
The Business Research Company offers in-depth market insights through Food Thickeners Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main types of food thickeners are starch, protein, and hydrocolloids. Starch refers to a polysaccharide consisting of a large number of glucose monomers joined together by glycosidic bonds. The sources include plants, microbial, and animals. These are used in bakery, confectionery, sauces, dressings, marinades, and gravies, beverages, dairy and frozen desserts, convenience, and processed food.
Major Driver - The Role Of Food Thickeners In Elevating Food And Beverage Market
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.
Competitive Landscape:
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.
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Top Trend - Product Innovation Trends In The Food Thickeners Market
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Food Thickeners Market Characteristics
3. Food Thickeners Market Trends And Strategies
4. Food Thickeners Market - Macro Economic Scenario
5. Food Thickeners Market Size And Growth
…..
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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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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