Global Food Thickeners Market – Opportunities, Size & Growth Projections

Global Food Thickeners Market is expected to reach USD 15.92 Billion by 2028, in value terms, growing at a CAGR of over 6% during 2023-2028. The major factors contributing to the growth of the market are rising disposable income, increasing population, increasing demand for convenience foods, and rising health consciousness among consumers. Based on type, the market is segmented into Hydrocolloids, Protein and Starch. In 2022, the starch segment dominated the market and is further expected to maintain its dominance over the next five years as well due to the growing consumption of starch globally. Based on application, the market has been segmented into confectionery, sauces, dressings, marinades & gravies, beverages, dairy & frozen desserts, bakery, and convenience & processed foods. In 2022, the dairy & frozen desserts application segment dominated the market due to its wide applications in various products and whereas, the beverages segment is expected to dominate the market over the next five years due to a growing number of innovations in beverages and growing beverage demand globally.

Some of the leading players in the global food thickeners market

1. Kerry Group PLC
2. Ashland Specialty Ingredients
3. CP Kelco
4. TIC Gums, Inc.
5. Fuerst Day Lawson Ltd
6. E. I. Du Pont De Nemours and Company Ingredion Incorporated, Cargill, Archer Daniels Midland Company, etc.

The Objective of the Study:

• To analyze and forecast the market size of the global food thickeners market, in terms of value and volume.
• To classify and forecast global food thickeners based on type, source, application, and regional distribution.
• To identify drivers and challenges for global food thickeners.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global food thickeners.
• To conduct the pricing analysis for food thickeners.
• To identify and analyze the profile of leading players involved in the manufacturing of global food thickeners.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels, and presence of all major collaboration manufacturers across the globe.

TechSci Research calculated the market size of global food thickeners using a bottom-up approach, where data for various end-user industries and their application across various product types were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.

Key Target Audience:

• Food Thickeners Manufacturers
• Food processors & food manufacturers
• Raw material manufacturers
• Dealers/Distributors
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is helpful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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Report Scope:

In this report, the global food thickeners market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Global Food Thickeners Market, By Type:
  • Protein,
  • Hydrocolloids
  • Starch
• Global Food Thickeners Market, By Source:
  • Animal
  • Plant
  • Microbial
• Global Food Thickeners Market, By Application:
  • Confectionery
  • Sauces
  • Dressings
  • Marinades & Gravies
  • Beverages
  • Dairy & Frozen Desserts
  • Bakery and Convenience & Processed Foods
• Global Food Thickeners Market, by Region:
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Malaysia
  • Europe & CIS
    • France
    • Germany
    • United Kingdom
    • Italy
    • Spain
  • North America
    • United States
    • Mexico
    • Canada
  • South America
    • Brazil
    • Argentina
    • Colombia
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global food thickeners market.