About Food Thickening Agents
This growth in demand for food thickeners is spearheaded by the growing applicability of the product in food and beverage application along with rising consumer awareness regarding health and wellness. Food Thickening Agents is a thickening agent mainly used to increase the viscosity level of the liquids without changing the properties of the food. Food Thickening Agents are often used to thicken different products such as soups, sauces, puddings, dairy products, and fruit beverages. The thickening agent absorbs the fluid and instantly adds a creamy and flavorful texture to the food product. It also improves the suspension of the ingredients, which increases the stability of the product.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.0% |
The industry is highly competitive owing to the magnitude of the food industry and the increasing demand for emulsifiers, gelling agents, and texturants. Moreover, key players in food thickeners market face strong competition from small-sized and local players as they offer cheap and customized products according to the need of buyers. These players have high penetration in specific areas, but irregular demand poses a challenge to small players. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Thickening Agents market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), Archer Daniels Midland Company (United States), E. I. Du Pont De Nemours and Company (United States), Ingredion Incorporated (United States), Kerry Group Plc (Ireland), Darling ingredients (United States), Tate & Lyle PLC (United Kingdom), Ashland Specialty Ingredients (United States), CP Kelco (United States), TIC Gums (United States) and Fuerst Day Lawson (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Food Thickening Agents market by Type (Hydrocolloids, Protein and Starch), Application (Bakery, Confectionery, Sauces, Marinades & Gravies, Beverages, Dairy and Convenience Foods) and Region.
On the basis of geography, the market of Food Thickening Agents has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Source, the sub-segment i.e. Plant [Guar Gum will boost the Food Thickening Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The growing consumer awareness regarding the remarkable benefits offered by thickeners such as absorption of nutrients, highly cost-effective, and compatibility with other ingredients
Market Growth Drivers:
The extensive usage of thickening agents in the food & beverage sector
Challenges:
Highly competitive market
Restraints:
The Stringent government regulations
Opportunities:
The continuous product innovation and The increasing demand for food products with good taste and mouthfeel is encouraging food processing companies to develop innovative food products with improved taste and quality
Market Leaders and their expansionary development strategies
In September 2023, Ingevity and Tate & Lyle to Merge Their Specialties Businesses. This merger combined two major players in the specialty ingredients industry, potentially impacting the production of food thickeners.
In August 2023, Cargill Launches New Line of Starches for Plant-Based Meat Alternatives. This news highlights Cargill's focus on innovation in the plant-based food sector, which could involve thickeners for meat alternatives.
the stringent regulation from several regulatory bodies such as the Food and Drugs Organization (FDA), the European Commission (EU), the European Food Safety Authority (EFSA), Health Canada, and Food Standards Australia New Zealand (FSANZ) for the restricted usage of thickeners
Key Target Audience
Organizations, forums, and alliances, Government bodies such as regulating authorities and policymakers and Market research and consulting firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.