28-Nov-2022 | Zion Market Research
The global food thickeners market size was worth around USD 12.2 billion in 2021 and is predicted to grow to around USD 17.7 billion by 2028 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2028.
Food thickeners are additives that change the texture or consistency of food without changing its flavor. They are typically derived from plant sources that, by absorbing water from the dish, provide the food with more bulk and viscosity. Hydrocolloids, collagen, gelatin, arrowroot, cornstarch, potato starch, sago, tapioca, alganin, and xanthan gum are a few of the regularly used food thickeners. To give a dish a constant texture, they are combined with other ingredients in sauces, gravies, sweets, and puddings.
One of the main elements fostering an optimistic outlook for the global food thickeners market growth is the significant global growth of the food and beverage industry. Additionally, the market expansion is being fueled by the rising demand for ready-to-eat (RTE) and convenience food products. Starch, hydrocolloids, and proteins are common food thickeners used in the production of RTE dairy and frozen desserts, bread goods, sauces, and dressings. In keeping with this, the market is expanding as a result of the rising demand for nutritious snacks made with natural components.
Other growth-promoting aspects include a variety of product developments, such as the introduction of variants with improved organoleptic properties, component emulsification, and palatability. To increase the effectiveness of the thickening agents, product producers are now creating low-calorie, organic, and water-soluble food thickeners. The market is expected to be further fueled by additional factors such as increased consumer spending power and changing food consumption habits.
The global food thickeners market is segmented based on type, source, application, and region.
The protein, starch, and hydrocolloid segments of the global market are divided based on type. With the largest market share, the hydrocolloids market category is anticipated to continue to dominate during the forecast period. Among the many hydrocolloids used as food thickeners are alginate, pectin, locust bean gum, guar gum, xanthan gum, carrageenan gum, and beta-glucan. Hydrocolloids are used more frequently in the food and beverage sector because they are fiber-rich and stable at low pH levels. Hydrocolloids are also frequently used as thickeners and food additives.
However, during the projected period, the starch segment is anticipated to expand significantly. Because of its high viscosity, stability, and low cost, starch is expected to be used as a food thickener more frequently throughout the projected time. The rising demand for gluten-free products is expected to further increase product demand.
The market is divided into the animal, plant, and microbial segments based on the source. Over the anticipated period, the plant-based thickener is anticipated to dominate the market. The majority of applications, such as baking, confectionery, ready-to-eat meals, and others, use products that are made from plants. This is a result of their excellent efficacy and reasonable cost.
Among the widely used plant-based food thickeners include pectin, rice flour, tapioca, agar, xanthan gum, and cornstarch. Due to the rising popularity of veganism and vegetarian diets, food thickeners made from plants are also environmentally friendly and in great demand from consumers, notably in bakeries, confectioneries, and processed foods. The cheap availability of raw materials for the production of plant-based food thickeners, together with customer preference for the product, is likely to drive the segment over the forecast period.
The market for food thickeners worldwide is segmented based on application into the bakery, confectionery, sauces & dips, drinks, convenience & processed food, and others. During the projection period, the bakery segment is anticipated to occupy the majority of the market share. The rise in interest in natural and organic baked goods as well as the popularity of healthy snacks are credited with driving the segment's expansion.
North America is estimated to dominate the global food thickeners market during the forecast period due to significant demand for product from various industries in the United States and Canada. The highly developed food and beverage industries of the United States and Canada dominate the North American market. The existence of many worldwide food processing and manufacturing companies benefits the market, even more, resulting in increased demand for the product.
The global food thickeners market is dominated by players like Ingredion Incorporated, Cargill, Incorporated, CP Kelco U.S., Inc., Tate & Lyle, DuPont Nutrition Bioscience ApS, Ashland, ADM, Jungbunzlauer Suisse AG, Deosen Biochemical (Ordos) Ltd., GELITA AG, Solvay, VIKAS WSP LTD., DSM, Guar Resources, LLC., Medline Industries, LP, Kent Precision Foods Group, Inc., Chimique (India) Ltd, Fooding Group Limited, HL Agro Products Pvt. Ltd., Emsland Group, among others.
This review is based on a report by Zion Market Research, titled “Food Thickeners Market By Type (Protein, Starch and Hydrocolloids), By Source (Animal, Plant, and Microbial), By Application (Bakery, Confectionery, Sauces & Dips, Beverages, Convenience & Processed Food, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/food-thickeners-market
The global food thickeners market is segmented as follows:
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