The global food thickeners market was valued at $13,085.2 million in 2021, and is expected to reach $22,336.8 million by 2031, registering a CAGR of 5.6% from 2022 to 2031.
Food thickeners or thickening agents provide texture, improve stability, and increase suspension of added ingredient to increase the viscosity of aqueous mixture, without modifying its other properties, specifically taste. In food & beverages applications, thickeners are used to give palatability, texture, bulking, and other properties to food products. These are extensively used in a range of food products such as sauces, seasonings, condiments, soups, meat, poultry, snack foods, cereals, and breakfast.
In 2021, Europe was the leading region, in terms of value, owing to the availability of healthy food products developed by food & beverages manufacturers considering consumers’ health. Moreover, consumer demand for healthy and low-fat food boosts growth of the food thickeners marketin Europe.
Factors such as increase in demand for convenience food, rise in disposable income, and the advantages & various functions associated with the use of food thickeners are expected to drive the global market during the forecast period. Further, consumer’s inclination toward healthy food and lifestyle is expected to create a major growth opportunity for the global industry players. However, volatile costand high R&D cost associated with the production of food thickeners may impede the market growth.
Food thickeners or thickening agents are the substances that are added to the mixture or food to increase its viscosity without substantially altering its other properties. It helps to improve the suspension of other ingredients along with increased stability of the product. In food industry, thickeners are used to enhance numerous basic properties of foodstuffs such as, viscosity, texture, density, stability, and flavor. Growth in demand for convenience food, rise in disposable income, and the advantages & various functions associated with the use of food thickeners drive the global market. Furthermore, consumer’s inclination toward healthy food and lifestyle is expected to deliver substantial growth opportunity to the global industry players. However, fluctuating prices of food thickeners along with high R&D cost associated with the production of food thickeners is projected to restrain the growth of the global market.
The food thickeners market is segmented on the basis of type, source, application, and region. On the basis of type, it is divided into starch, protein, and hydrocolloid. On the basis of source, it is classified into plant, animal, and microbial. On the basis of application, it is categorized into bakery; confectionery; sauces, dressings, marinades & gravies; beverages; dairy & frozen desserts; and convenience & processed foods. By Region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
According to the market players, the major obstacle faced by them attributed bythe COVID-19 pandemic were the disruption of the supply chain and restrictions in manufacturing capacity. Moreover, all the supply channels were nearly shut down in the first quarter of the pandemic.
Food thickeners or thickening agents provide texture, improve stability, and increase suspension of added ingredient to increase the viscosity of aqueous mixture, without modifying its other properties, specifically taste. In food & beverages applications, thickeners are used to give palatability, texture, bulking, and other properties to food products. These are extensively used in a range of food products such as sauces, seasonings, condiments, soups, meat, poultry, snack foods, cereals, and breakfast.
In 2021, Europe was the leading region, in terms of value, owing to the availability of healthy food products developed by food & beverages manufacturers considering consumers’ health. Moreover, consumer demand for healthy and low-fat food boosts growth of the food thickeners marketin Europe.
Factors such as increase in demand for convenience food, rise in disposable income, and the advantages & various functions associated with the use of food thickeners are expected to drive the global market during the forecast period. Further, consumer’s inclination toward healthy food and lifestyle is expected to create a major growth opportunity for the global industry players. However, volatile costand high R&D cost associated with the production of food thickeners may impede the market growth.
Food thickeners or thickening agents are the substances that are added to the mixture or food to increase its viscosity without substantially altering its other properties. It helps to improve the suspension of other ingredients along with increased stability of the product. In food industry, thickeners are used to enhance numerous basic properties of foodstuffs such as, viscosity, texture, density, stability, and flavor. Growth in demand for convenience food, rise in disposable income, and the advantages & various functions associated with the use of food thickeners drive the global market. Furthermore, consumer’s inclination toward healthy food and lifestyle is expected to deliver substantial growth opportunity to the global industry players. However, fluctuating prices of food thickeners along with high R&D cost associated with the production of food thickeners is projected to restrain the growth of the global market.
The food thickeners market is segmented on the basis of type, source, application, and region. On the basis of type, it is divided into starch, protein, and hydrocolloid. On the basis of source, it is classified into plant, animal, and microbial. On the basis of application, it is categorized into bakery; confectionery; sauces, dressings, marinades & gravies; beverages; dairy & frozen desserts; and convenience & processed foods. By Region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
According to the market players, the major obstacle faced by them attributed bythe COVID-19 pandemic were the disruption of the supply chain and restrictions in manufacturing capacity. Moreover, all the supply channels were nearly shut down in the first quarter of the pandemic.
KEY MARKET SEGMENTS
By Type
- Starch
- Protein
- Hydrocolloid
By Source
- Plant
- Animal
- Microbial
By Application
- Bakery
- Confectionery
- Sauces, Dressings, Marinades, & Gravies
- Beverages
- Dairy & Frozen Desserts
- Convenience & Processed Food
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Spain
- UK
- Russia
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Turkey
- South Africa
- Rest of LAMEA
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Food Thickeners Market, by Type
Chapter 5: Food Thickeners Market, by Source
Chapter 6: Food Thickeners Market, by Application
Chapter 7: Food Thickeners Market, by Region
Chapter 8: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Food Thickeners Market by Type, Source, and Application: Global Opportunity Analysis and Industry Forecast, 2022–2031,”The global food thickeners market was valued at $13,085.2 million in 2021, and is estimated to reach $22,336.8 million by 2031, registering a CAGR of 5.6% from 2022 to 2031. In 2021, the starch segment accounted for more than two-thirds of food thickeners market share.
Food thickeners are used in the food industry to enhance several basic properties of food products such as viscosity, texture, stability, taste, and flavor. Moreover, these substances enhance the appearance of food stuffs and can replace high fat oils &creams in numerous recipes. These are used in a wide range of application to improve texture, food structure, mouth feel, and shelf-life.
Rise in demand for convenience & processed food and consumer inclination toward dietary meals favor the market growth. Further, rise in health consciousness among individuals is expected to deliver a substantial growth opportunity to the global industry players. However, variation in prices and surge in R&D costs associated with the production of food thickeners are projected to impede the food thickeners market growth. In 2021, starch was the leading thickener type segment, as it is the most common food thickener used for soup, sauces, stew, and gravies. It is the most common carbohydrate in human diet and is present in large amount in staple foods such as wheat, potatoes, rice, maize, and cassava.
Starch when dissolved in warm water forms a wheat-paste that can be used as a thickening, stiffening, or gluing agent. In 2021, dairy & frozen desserts segment was the leading segment, and it is anticipated to continue to lead during the forecast period. In frozen food, thickeners produce light foam and add texture to dishes. Functional proteins, starch, and hydrocolloid help to achieve right consistency in drinks & desserts and improve the product’s shelf life. In 2021, plant-based sources of food thickeners were the leading segment as these thickeners were commercially important and employed in a wide range of applications. Thus, the food thickeners market demand is growing among the food manufacturers especially in developing nations such as India, Indonesia, and others.
The food thickeners market is segmented on the basis of type, source, application, and region. By type, it is divided into starch, protein, and hydrocolloid. By source, it is classified into plant, animals, and microbial. On the basis of application, it is categorized as bakery, confectionery, sauces, dressings, marinades & gravies, beverages, dairy & frozen desserts, and convenience & processed foods. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings Of The Study
- By type, the food thickeners market size of starch segment remained the dominant segment in the year 2020, and is expected to maintain the market share in the coming years
- By source, plant segment account for nearly 60% of the revenue, followed by animal and microbial
- By application, dairy and frozen dairy category is the major category in terms of value; however, beverage is expected to be the fastest growing segment during the forecast period
- Food thickeners market analysis by region indicates that Europe led in terms of the global food thickeners market share in 2021, and is expected to retain its dominance during the food thickeners market forecast period
- Archer Daniels Midland Company, Cargill, Inc., E. I. DuPont de Nemours and Company, Ingredion Incorporated, Kerry Group Plc., CP Kelco, Darling Ingredients, Tate & Lyle PLC, Ashland Specialty Ingredients, and TIC Gums and others are some of the key players in the food thickeners industry
Companies Mentioned
- Archer Daniels Midland Company
- Cargill, Inc.
- E. I. DuPont de Nemours and Company
- Ingredion Incorporated
- Kerry Group Plc.
- CP Kelco
- Darling Ingredients
- Tate & Lyle PLC.
- Ashland Specialty Ingredients
- TIC Gums
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 170 |
| Published | March 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 13085.2 million |
| Forecasted Market Value ( USD | $ 22336.8 million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
