Food Thickeners Market is Expected to Experience a strong Growth during the Forecast Period 2021-2026
According to the latest report by IMARC Group, titled, “Food Thickeners Market:Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″, the global food thickeners market grew at a CAGR of around 5% during 2015-2020 expects the market to exhibit moderate growth during the next five years.
Food thickeners refer to food modifying agents used for increasing the thickness or consistency of the food without altering the flavor. They are usually taken out from plant sources that enhance the bulkiness and viscosity of the product by absorbing water existing in the dish. Some of the common product variants include hydrocolloids, collagen, gelatin, arrowroot, cornstarch, potato starch, sago, tapioca, alganin, and xanthan gum. Food thickeners are widely used in sauces, gravies, puddings, and desserts combined with other ingredients to provide a consistent texture to the dish.
The growing food and beverages industry worldwide, coupled with the increasing demand for healthy snacks produced with natural ingredients, is creating a positive outlook for the global food thickeners market. Furthermore, the changing consumer preferences towards ready-to-eat (RTE) and convenience food products are also driving the market growth. Moreover, several food thickeners, such as starch, hydrocolloids, and proteins, are widely used to manufacture RTE dairy and frozen desserts, bakery products, etc. Besides this, the continuous launch of innovative variants with amplified organoleptic characteristics, ingredient emulsification, and palatability is also contributing to the market growth. Various other factors, including rising expenditure capacities of the consumers, along with the shifting food consumption patterns, will further bolster the global market in the coming years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Food Thickeners Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Archer Daniels Midland Company, Ashland Global Holdings Inc., Cargill Incorporated, CP Kelco U.S. Inc. (J.M. Huber Corporation), Darling Ingredients Inc., DuPont De Nemours Inc., Ingredion Incorporated, Kerry Inc. (Kerry Group Plc), Medline Industries Inc. and Tate & Lyle Plc.
The report has segmented the market on the based on region, type, source and application.
Breakup by Type:
Breakup by Source:
Breakup by Application:
· Sauces and Dips
· Convenience and Processed Food
Breakup by Region:
· North America; (United States, Canada)
· Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
· Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
· Latin America: (Brazil, Mexico,Others)
· Middle East and Africa
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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