Food Thickeners Market to Reach US$ 24,469.6 Million by 2032 Owing to the Rise in Convenient Foods and Adoption of Healthy Lifestyle

Published Via 11Press: NEWARK, Del: The global food thickeners market is expected to bode well over the forecast period by registering an impressive CAGR of 5.5% from 2022 to 2032. The global market reached a valuation of around US$ 14,324.2 Million in 2022 and is likely to further accelerate to US$ 24,469.6 Million by 2032. Food thickener is a component when added to a beverage, the fluid is subsumed by the thickeners and beverage pulps.

The setting action is likely to get reversed when the thickener is decomposed and nearly all of the water in the drinks is available as a fluid that the body can efficiently absorb. Food thickeners are excessively utilized in the food and beverage industries in order to elevate the viscosity of food and beverages. This includes puddings and sauces, in conjunction with other ingredients such as gelatin, eggs, and starches such as flour, rice flour, cornstarch, and arrowroot.

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Food thickeners are commonly described as adapted vegetable gums, food starch, or polysaccharides. Food thickeners are commonly added to beverages because they absorb fluid and thicken it. Agar-agar, lignin, pectin, gums and aligning, and locust bean gum are examples of vegetable gums that are generally used as food thickeners.

Compelling Market Trends

There is a significant surge witnessed in the demand for convenience foods and the rising inclination of consumers for eating healthy and adopting healthy lifestyles. The innumerable features, benefits, and functions associated with the utilization of food thickeners are anticipated to drive the production of food thickeners over the evaluation period.

Backed by the existence of a large consumer base, significant growth has been witnessed in the global food and beverage industry. Furthermore, increasing consumer awareness over the projection period is expected to boost market growth exponentially. Soaring disposable income, combined with shifting customer lifestyles as a result of rapid urbanization, is predicted to have a positive influence on the industry.

Rising demand for non-alcoholic beverages such as fruit juice and energy drinks is predicted to accelerate the market growth throughout the assessment period. Some of the prominent examples of food thickeners include starch, hydrocolloids, and proteins. Food thickeners are frequently used in the baking industry as a thickening, stabilizing, and gelling agent. Furthermore, increasing costs for ready-to-eat snacks, protein-rich products, and nutritional foods are expected to propel product growth in the forthcoming years.

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Growth Drivers

Bakery is considered one of the most popular application segments for food thickeners, as it accounted for around 25% of the global industry in 2020. Throughout the projected timeline, the bakery segment is likely to retain its dominance. Expected to boost the growth of organic and natural baked goods, as well as the tendency toward healthier snacks, are anticipated to drive the market for food thickeners over the forthcoming years.

Across the projection period from 2022 to 2032, animal-based food thickeners are likely to expand at a phenomenal CAGR of 6%. Eggs, blood albumin, collagen, and gelatin are illustrations of animal-derived products. Eggs are commonly used as a coagulant in cookies, cakes, and candies. It's also used to clean wine.

Restraints

Rising expenses associated with the manufacturing and advancement of food thickeners along with the alteration in raw materials are some of the market's main drawbacks.

Competitive Landscape

Key players operating in the global food thickeners market include Cargill, Archer Daniels Midland Company, Du Pont, Ingredion Incorporated, Tate & Lyle PLC, Ashland Specialty Ingredients, CP Kelco, TIC Gums, Inc., and others.

Such key food thickener providers are focusing on adopting various strategies comprising new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global food thickener market.

Recent Developments

Tate & Lyle extended its line of tapioca-based starches in January 2021. The latest REZISTA MAX thickening starches and BRIOGEL gelling starches are part of the expansion. This has aided the company in expanding its product portfolio.

Valuable Insights into the Food Thickeners Market

The North American region is predicted to dominate the global food thickeners market over the forecast period. The growth is attributed to the notable demand for merchandise from multiple industries in the United States and Canada, North America dominated the market in 2019 with a revenue contribution of 38.5%. The United States and Canada consist of a highly developed food and beverage industry in the North American region.

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Key Segments

Food Thickeners Market by Type:

• Hydrocolloids-based Food Thickeners
• Protein-based Food Thickeners
• Starch-based Food Thickeners

Food Thickeners Market by Source:

• Plant-based Food Thickeners
• Animal-based Food Thickeners
• Microbial-based Food Thickeners

Food Thickeners Market by Form:

• Food Thickeners Gel Type
• Food Thickener Powder

Food Thickeners Market by Application:

• Food Thickeners for Bakery Items
• Food Thickeners for Confectionery
• Food Thickeners for Sauces
• Food Thickeners for Dressings
• Food Thickeners for Gravies
• Food Thickeners for Beverages
• Food Thickeners for Dairy & Frozen Products
• Food Thickeners for Convenience & Processed Foods

Food Thickeners Market by Region:

• North America Food Thickeners Market
• Latin America Food Thickeners Market
• Europe Food Thickeners Market
• Asia Pacific Food Thickeners Market
• Middle East & Africa Food Thickeners Market

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

1. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

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