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Food Thickeners Market Research With Size, Growth, Key Players, Segments And Forecast To 2033
Food Thickeners Market Research
As per the report, 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 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%.
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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.
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 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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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.
Contents of the report:
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
…..
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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