Food Thickening Agents Market - Forecast(2023 - 2028)
Food Thickening Agents Market Overview
Report Coverage
Key Takeaways
- In order to promote healthy lifestyle, governments of all the major economies including their agencies have implemented schemes and policies which involves the use of healthy products to curb obesity, levels of cholesterol as well as diabetes. This move has augmented the growth of the market at a whole different level.
- Over time, there has been significant growth in the demand on non-alcoholic beverages which also encompasses energy drinks and fruit juices. To counter this need, the major market competitors worked keeping customization capabilities and formulation blends in mind, in which food thickeners played a pivotal role. This led the growth in the revenue of the market.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Food Thickening Agents Market report.
- Owing to the low concentration of cholesterol and mainly because of lower costs, blood proteins are often used as a substitute for thickening agents, which pose a threat to the market. However, they often tamper with the fluid properties by altering the texture, viscosity and taste, thereby hampering the final solution.
Food Thickening Agents Market Segment Analysis – By Type
Hydrocolloid accounted for majority of share revenue in 2020, making it the most prominent shareholder of the segment. There are different types of hydrocolloids which are used as food thickeners namely guar gum, pectin, locust bean gum, carrageenan gum, alginate, xanthan gum, and beta-glucan. Hydrocolloids have the ability to maintain stability even under low pH, thereby becoming fibre rich over a certain span of time. This particular property increases its arena of applications across the food and beverage industry.
Hydrocolloids are also used extensively as thickeners as well as food additives. For example, they sugar is often substituted with hydrocolloids in whipped creams. Additionally, they are used as bulking agent in yogurt and ice cream, as well as for starch dispersion in rice.
Starch, on the other hand is expected to witness a CAGR of 6.1% throughout 2021 to 2026. The growth of this segment is mainly fuelled by factors like low cost, high stability and viscosity. To top it all, the increasing awareness regarding gluten-free products is also augmenting the growth of the market.
Food Thickening Agents Market Segment Analysis – By Application
Bakery and Confectionery was the fastest growing sub-category in 2020 and is likely to dominate throughout the forecast period, growing at a CAGR of 6.5%. The key factors driving the growth of this segment includes growing demand for organic and baked goods, and the inclination of consumers towards healthy snacking habits.
Over time, the food and beverage market witnessed a growing predisposition of consumers towards traditional flavours thereby giving birth to more exotic products. This in turn demands utilization of food thickening agents, leading to a growth of the market.
The rich texture and creamy characteristic of food thickening agents is the primarily reason of it being utilized extensively in the making of dips and sauces. With the advent of processed food and to cater to its growing need, sauces and similar dressings observed a rising demand, which is likely to promote the growth of the food thickening agents market.
Food Thickening Agents Market Segment Analysis – By Geography
North America dominated the Food Thickening Agents Market with a major share of 37.1% in 2020. This can be attributed to the well-developed food and beverage industry across the U.S. and Canada. Over the years, North America has seen a rising demand for products like muffins cupcakes and pastries. Therefore, players across the bakery and confectionery industry are trying to innovate products customized to the needs, which involves the frequent usage of food thickeners. This led to the market skyrocketing in this region.
However, Europe is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the growing consumer demand for tasty yet healthy food items, specifically revolving around dessert and afters. Additionally, packaged energy drinks are also gaining traction throughout the European region which is likely to increase the demand for food thickeners, thereby bolstering the growth of the market.
Food Thickening Agents Market Drivers
Increasing Prevalence of Ready-to-eat Snacks
Throughout the major economies, the food and beverage industry witnessed a rising demand for ready-to-eat snacks which are primarily protein-rich products and comprises of high nutritional value. This calls for the increased usage of food thickeners throughout the preparation because they act as thickening, stabilizing, and gelling agent for hydrocolloids, starch and proteins. Thus, increasing the growth of the Food Thickening Agents Market during the forecast period 2021-2026.
Rising disposable income
There has been a considerable increase in the disposable income of multiple economies because of the growing rates of urbanization. This has altered the food consumption pattern significantly, leading to an increase in the demand of thickeners by the key players in the market. Thus, increasing the growth of the Food Thickening Agents Market during the forecast period 2021-2026.
Food Thickening Agents Market Challenges
Threat imposed by small sized local players
Food Thickening Agents Market Landscape
Relevant Titles:
LIST OF TABLES
1.Global Food Thickening Agents Market Analysis and Forecast , by Source Market 2019-2024 ($M)1.1 By Source, Market 2019-2024 ($M) - Global Industry Research
1.1.1 Plant Market 2019-2024 ($M)
1.1.2 Seaweed Market 2019-2024 ($M)
1.1.3 Microbial Market 2019-2024 ($M)
1.1.4 Animal Market 2019-2024 ($M)
1.1.5 Synthetic Market 2019-2024 ($M)
2.Global Competition Analysis Market 2019-2024 ($M)
2.1 Competition Deepdive Market 2019-2024 ($M) - Global Industry Research
2.1.1 Cargill, Inc. Market 2019-2024 ($M)
2.1.2 Archer Daniels Midland Company Market 2019-2024 ($M)
2.1.3 Ingredion Inc. Market 2019-2024 ($M)
2.1.4 DowDuPont Inc. Market 2019-2024 ($M)
2.1.5 Tate Lyle PLC Market 2019-2024 ($M)
2.1.6 Ashland Inc. Market 2019-2024 ($M)
2.1.7 CP Kelco Market 2019-2024 ($M)
2.1.8 Kerry Group PLC Market 2019-2024 ($M)
2.1.9 Koninklijke DSM N.V. Market 2019-2024 ($M)
2.1.10 Fuerst Day Lawson Limited Market 2019-2024 ($M)
2.1.11 W Hydrocolloids, Inc. Market 2019-2024 ($M)
2.1.12 Nestl Health Science S.A. Market 2019-2024 ($M)
2.1.13 AkzoNobel N.V. Market 2019-2024 ($M)
2.1.14 Acuro Organics Limited Market 2019-2024 ($M)
2.1.15 Darling Ingredients, Inc. Market 2019-2024 ($M)
2.1.16 Arthur Branwell Co Ltd Market 2019-2024 ($M)
2.1.17 Naturex S.A. Market 2019-2024 ($M)
2.1.18 Deosen USA, Inc. Market 2019-2024 ($M)
2.1.19 Euroduna Food Ingredients GmbH Market 2019-2024 ($M)
3.Global Food Thickening Agents Market Analysis and Forecast , by Source Market 2019-2024 (Volume/Units)
3.1 By Source, Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Plant Market 2019-2024 (Volume/Units)
3.1.2 Seaweed Market 2019-2024 (Volume/Units)
3.1.3 Microbial Market 2019-2024 (Volume/Units)
3.1.4 Animal Market 2019-2024 (Volume/Units)
3.1.5 Synthetic Market 2019-2024 (Volume/Units)
4.Global Competition Analysis Market 2019-2024 (Volume/Units)
4.1 Competition Deepdive Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Cargill, Inc. Market 2019-2024 (Volume/Units)
4.1.2 Archer Daniels Midland Company Market 2019-2024 (Volume/Units)
4.1.3 Ingredion Inc. Market 2019-2024 (Volume/Units)
4.1.4 DowDuPont Inc. Market 2019-2024 (Volume/Units)
4.1.5 Tate Lyle PLC Market 2019-2024 (Volume/Units)
4.1.6 Ashland Inc. Market 2019-2024 (Volume/Units)
4.1.7 CP Kelco Market 2019-2024 (Volume/Units)
4.1.8 Kerry Group PLC Market 2019-2024 (Volume/Units)
4.1.9 Koninklijke DSM N.V. Market 2019-2024 (Volume/Units)
4.1.10 Fuerst Day Lawson Limited Market 2019-2024 (Volume/Units)
4.1.11 W Hydrocolloids, Inc. Market 2019-2024 (Volume/Units)
4.1.12 Nestl Health Science S.A. Market 2019-2024 (Volume/Units)
4.1.13 AkzoNobel N.V. Market 2019-2024 (Volume/Units)
4.1.14 Acuro Organics Limited Market 2019-2024 (Volume/Units)
4.1.15 Darling Ingredients, Inc. Market 2019-2024 (Volume/Units)
4.1.16 Arthur Branwell Co Ltd Market 2019-2024 (Volume/Units)
4.1.17 Naturex S.A. Market 2019-2024 (Volume/Units)
4.1.18 Deosen USA, Inc. Market 2019-2024 (Volume/Units)
4.1.19 Euroduna Food Ingredients GmbH Market 2019-2024 (Volume/Units)
5.North America Food Thickening Agents Market Analysis and Forecast , by Source Market 2019-2024 ($M)
5.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Plant Market 2019-2024 ($M)
5.1.2 Seaweed Market 2019-2024 ($M)
5.1.3 Microbial Market 2019-2024 ($M)
5.1.4 Animal Market 2019-2024 ($M)
5.1.5 Synthetic Market 2019-2024 ($M)
6.North America Competition Analysis Market 2019-2024 ($M)
6.1 Competition Deepdive Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Cargill, Inc. Market 2019-2024 ($M)
6.1.2 Archer Daniels Midland Company Market 2019-2024 ($M)
6.1.3 Ingredion Inc. Market 2019-2024 ($M)
6.1.4 DowDuPont Inc. Market 2019-2024 ($M)
6.1.5 Tate Lyle PLC Market 2019-2024 ($M)
6.1.6 Ashland Inc. Market 2019-2024 ($M)
6.1.7 CP Kelco Market 2019-2024 ($M)
6.1.8 Kerry Group PLC Market 2019-2024 ($M)
6.1.9 Koninklijke DSM N.V. Market 2019-2024 ($M)
6.1.10 Fuerst Day Lawson Limited Market 2019-2024 ($M)
6.1.11 W Hydrocolloids, Inc. Market 2019-2024 ($M)
6.1.12 Nestl Health Science S.A. Market 2019-2024 ($M)
6.1.13 AkzoNobel N.V. Market 2019-2024 ($M)
6.1.14 Acuro Organics Limited Market 2019-2024 ($M)
6.1.15 Darling Ingredients, Inc. Market 2019-2024 ($M)
6.1.16 Arthur Branwell Co Ltd Market 2019-2024 ($M)
6.1.17 Naturex S.A. Market 2019-2024 ($M)
6.1.18 Deosen USA, Inc. Market 2019-2024 ($M)
6.1.19 Euroduna Food Ingredients GmbH Market 2019-2024 ($M)
7.South America Food Thickening Agents Market Analysis and Forecast , by Source Market 2019-2024 ($M)
7.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Plant Market 2019-2024 ($M)
7.1.2 Seaweed Market 2019-2024 ($M)
7.1.3 Microbial Market 2019-2024 ($M)
7.1.4 Animal Market 2019-2024 ($M)
7.1.5 Synthetic Market 2019-2024 ($M)
8.South America Competition Analysis Market 2019-2024 ($M)
8.1 Competition Deepdive Market 2019-2024 ($M) - Regional Industry Research
8.1.1 Cargill, Inc. Market 2019-2024 ($M)
8.1.2 Archer Daniels Midland Company Market 2019-2024 ($M)
8.1.3 Ingredion Inc. Market 2019-2024 ($M)
8.1.4 DowDuPont Inc. Market 2019-2024 ($M)
8.1.5 Tate Lyle PLC Market 2019-2024 ($M)
8.1.6 Ashland Inc. Market 2019-2024 ($M)
8.1.7 CP Kelco Market 2019-2024 ($M)
8.1.8 Kerry Group PLC Market 2019-2024 ($M)
8.1.9 Koninklijke DSM N.V. Market 2019-2024 ($M)
8.1.10 Fuerst Day Lawson Limited Market 2019-2024 ($M)
8.1.11 W Hydrocolloids, Inc. Market 2019-2024 ($M)
8.1.12 Nestl Health Science S.A. Market 2019-2024 ($M)
8.1.13 AkzoNobel N.V. Market 2019-2024 ($M)
8.1.14 Acuro Organics Limited Market 2019-2024 ($M)
8.1.15 Darling Ingredients, Inc. Market 2019-2024 ($M)
8.1.16 Arthur Branwell Co Ltd Market 2019-2024 ($M)
8.1.17 Naturex S.A. Market 2019-2024 ($M)
8.1.18 Deosen USA, Inc. Market 2019-2024 ($M)
8.1.19 Euroduna Food Ingredients GmbH Market 2019-2024 ($M)
9.Europe Food Thickening Agents Market Analysis and Forecast , by Source Market 2019-2024 ($M)
9.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Plant Market 2019-2024 ($M)
9.1.2 Seaweed Market 2019-2024 ($M)
9.1.3 Microbial Market 2019-2024 ($M)
9.1.4 Animal Market 2019-2024 ($M)
9.1.5 Synthetic Market 2019-2024 ($M)
10.Europe Competition Analysis Market 2019-2024 ($M)
10.1 Competition Deepdive Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Cargill, Inc. Market 2019-2024 ($M)
10.1.2 Archer Daniels Midland Company Market 2019-2024 ($M)
10.1.3 Ingredion Inc. Market 2019-2024 ($M)
10.1.4 DowDuPont Inc. Market 2019-2024 ($M)
10.1.5 Tate Lyle PLC Market 2019-2024 ($M)
10.1.6 Ashland Inc. Market 2019-2024 ($M)
10.1.7 CP Kelco Market 2019-2024 ($M)
10.1.8 Kerry Group PLC Market 2019-2024 ($M)
10.1.9 Koninklijke DSM N.V. Market 2019-2024 ($M)
10.1.10 Fuerst Day Lawson Limited Market 2019-2024 ($M)
10.1.11 W Hydrocolloids, Inc. Market 2019-2024 ($M)
10.1.12 Nestl Health Science S.A. Market 2019-2024 ($M)
10.1.13 AkzoNobel N.V. Market 2019-2024 ($M)
10.1.14 Acuro Organics Limited Market 2019-2024 ($M)
10.1.15 Darling Ingredients, Inc. Market 2019-2024 ($M)
10.1.16 Arthur Branwell Co Ltd Market 2019-2024 ($M)
10.1.17 Naturex S.A. Market 2019-2024 ($M)
10.1.18 Deosen USA, Inc. Market 2019-2024 ($M)
10.1.19 Euroduna Food Ingredients GmbH Market 2019-2024 ($M)
11.APAC Food Thickening Agents Market Analysis and Forecast , by Source Market 2019-2024 ($M)
11.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Plant Market 2019-2024 ($M)
11.1.2 Seaweed Market 2019-2024 ($M)
11.1.3 Microbial Market 2019-2024 ($M)
11.1.4 Animal Market 2019-2024 ($M)
11.1.5 Synthetic Market 2019-2024 ($M)
12.APAC Competition Analysis Market 2019-2024 ($M)
12.1 Competition Deepdive Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Cargill, Inc. Market 2019-2024 ($M)
12.1.2 Archer Daniels Midland Company Market 2019-2024 ($M)
12.1.3 Ingredion Inc. Market 2019-2024 ($M)
12.1.4 DowDuPont Inc. Market 2019-2024 ($M)
12.1.5 Tate Lyle PLC Market 2019-2024 ($M)
12.1.6 Ashland Inc. Market 2019-2024 ($M)
12.1.7 CP Kelco Market 2019-2024 ($M)
12.1.8 Kerry Group PLC Market 2019-2024 ($M)
12.1.9 Koninklijke DSM N.V. Market 2019-2024 ($M)
12.1.10 Fuerst Day Lawson Limited Market 2019-2024 ($M)
12.1.11 W Hydrocolloids, Inc. Market 2019-2024 ($M)
12.1.12 Nestl Health Science S.A. Market 2019-2024 ($M)
12.1.13 AkzoNobel N.V. Market 2019-2024 ($M)
12.1.14 Acuro Organics Limited Market 2019-2024 ($M)
12.1.15 Darling Ingredients, Inc. Market 2019-2024 ($M)
12.1.16 Arthur Branwell Co Ltd Market 2019-2024 ($M)
12.1.17 Naturex S.A. Market 2019-2024 ($M)
12.1.18 Deosen USA, Inc. Market 2019-2024 ($M)
12.1.19 Euroduna Food Ingredients GmbH Market 2019-2024 ($M)
13.MENA Food Thickening Agents Market Analysis and Forecast , by Source Market 2019-2024 ($M)
13.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Plant Market 2019-2024 ($M)
13.1.2 Seaweed Market 2019-2024 ($M)
13.1.3 Microbial Market 2019-2024 ($M)
13.1.4 Animal Market 2019-2024 ($M)
13.1.5 Synthetic Market 2019-2024 ($M)
14.MENA Competition Analysis Market 2019-2024 ($M)
14.1 Competition Deepdive Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Cargill, Inc. Market 2019-2024 ($M)
14.1.2 Archer Daniels Midland Company Market 2019-2024 ($M)
14.1.3 Ingredion Inc. Market 2019-2024 ($M)
14.1.4 DowDuPont Inc. Market 2019-2024 ($M)
14.1.5 Tate Lyle PLC Market 2019-2024 ($M)
14.1.6 Ashland Inc. Market 2019-2024 ($M)
14.1.7 CP Kelco Market 2019-2024 ($M)
14.1.8 Kerry Group PLC Market 2019-2024 ($M)
14.1.9 Koninklijke DSM N.V. Market 2019-2024 ($M)
14.1.10 Fuerst Day Lawson Limited Market 2019-2024 ($M)
14.1.11 W Hydrocolloids, Inc. Market 2019-2024 ($M)
14.1.12 Nestl Health Science S.A. Market 2019-2024 ($M)
14.1.13 AkzoNobel N.V. Market 2019-2024 ($M)
14.1.14 Acuro Organics Limited Market 2019-2024 ($M)
14.1.15 Darling Ingredients, Inc. Market 2019-2024 ($M)
14.1.16 Arthur Branwell Co Ltd Market 2019-2024 ($M)
14.1.17 Naturex S.A. Market 2019-2024 ($M)
14.1.18 Deosen USA, Inc. Market 2019-2024 ($M)
14.1.19 Euroduna Food Ingredients GmbH Market 2019-2024 ($M)
LIST OF FIGURES
1.US Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)2.Canada Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
3.Mexico Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
4.Brazil Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
5.Argentina Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
6.Peru Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
7.Colombia Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
8.Chile Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
9.Rest of South America Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
10.UK Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
11.Germany Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
12.France Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
13.Italy Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
14.Spain Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
15.Rest of Europe Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
16.China Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
17.India Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
18.Japan Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
19.South Korea Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
20.South Africa Food Thickening Agents Consumption Data 2019 Market Revenue, 2019-2024 ($M)
21.North America Food Thickening Agents Consumption Data 2019 By Application
22.South America Food Thickening Agents Consumption Data 2019 By Application
23.Europe Food Thickening Agents Consumption Data 2019 By Application
24.APAC Food Thickening Agents Consumption Data 2019 By Application
25.MENA Food Thickening Agents Consumption Data 2019 By Application