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Global Food Thickeners Market Size, Share, Growth, Report: By Type: Protein, Starch, Hydrocolloids; By Source: Plant, Animal, Microbial; By Application: Bakery and Confectionery, Sauces and Dips, Beverages, Convenience and Processed Food, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Food Thickeners Market Outlook

The global food thickeners market reached a value of about USD 15.99 billion in 2023. The industry is further expected to grow at a CAGR of about 5.8% in the forecast period of 2024-2032 to reach a value of around USD 26.51 billion by 2032.

Global Food Thickeners Market

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North America and the Asia Pacific to be Significant Regional Markets for Food Thickeners

The Asia Pacific region, led by China, Japan and India, is one of the leading regional markets for food thickeners. The market in the Asia Pacific is expected to be driven by the growing consumption of food thickeners and the availability of food thickeners in various varieties in the region. Food and beverages manufacturers are focusing on health aspects, product innovation, and improving the functional features such as flavour and texture, which are boosting the food thickeners industry growth in the region. In addition, increasing food and beverage demand supported by the growth of the supermarket and e-commerce sectors, along with the rising consumer awareness and easy product accessibility, is anticipated to fuel product demand.

During the forecast period, the market in North America is expected to grow at a healthy pace owing to the high consumption of protein, hydrocolloids, starch and starch derivatives range of food and beverages in the region, the rise in the notable demand for the product from various industries located in the United States and Canada, the rise in the presence of various multinational food processing and manufacturing companies, and the rise in the change in lifestyles of the consumers resulting in an increased focus on their diet in this region.

Food Thickeners: Market Segmentation

Food thickeners are ingredients that are added to food to make it thicker or more consistent without changing the flavour. They are often derived from plant sources and sometimes animal sources that absorb water in the dish to improve the bulkiness and viscosity of the product. Hydrocolloids, collagen, gelatin, arrowroot, cornstarch, potato starch, sago, tapioca, alganin, and xanthan gum are all common food thickeners. They are used to produce a constant texture in sauces, gravies, sweets, and puddings with other ingredients.

Global Food Thickeners Market by Segment

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By type, the market can be divided into:

Protein
Starch
Hydrocolloids
- Gelatine
- Xanthan Gum
- Agar
- Pectin
- Others

Based on sources, the market is segmented into:

Plant
Animal
Microbial

The leading application segments of the industry include:

Bakery and Confectionery
Sauces and Dips
Beverages
Convenience and Processed Food
Others

The regional markets for food thickeners can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Food Thickeners Market by Region

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Growth in the Food and Beverage Industry Boosting the Market Growth of Food Thickeners

The increased utility of the product in food and beverage applications and the rising consumer awareness of health and wellness are driving demand for food thickeners. The market expansion is likely to be aided by continued product innovation, changing consumer preferences for high-quality products, and strengthened government food regulations. Over the projected period, favourable government initiatives related to the growth of the food and beverage industry are expected to boost the demand for the product. Various government agencies and organisations have established and implemented programmes to encourage people to live healthy lifestyles. These schemes include introducing innovative health products for reducing diabetes, obesity, and cholesterol levels, thereby augmenting the demand within the food thickeners industry. Thus, over the projected period, the robust growth in the food and beverage industry, combined with a large consumer base, is expected to raise the product consumption. Further, increased disposable income, combined with changing consumer lifestyles due to rapid urbanisation, is also predicted to boost the industry growth. Over the forecast period, the rising demand for ready-to-eat snacks, protein-rich goods, and nutritional foods is expected to drive product demand. The rising demand for non-alcoholic beverages, such as fruit juices and energy drinks, is also likely to boost the market growth.

Key Industry Players in the Global Food Thickeners Market

The report gives a detailed analysis of the following key players in the global food thickeners market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

Archer-Daniels-Midland Company
Ashland
Cargill, Incorporated
DuPont De Nemours Inc.
Ingredion Incorporated
Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Type Source Application Region
Breakup by Type	Protein Starch Hydrocolloids
Breakup by Source	Plant Animal Microbial
Breakup by Application	Bakery and Confectionery Sauces and Dips Beverages Convenience and Processed Food Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Archer-Daniels-Midland Company Ashland Cargill, Incorporated DuPont De Nemours Inc. Ingredion Incorporated Others
Report Price and Purchase Option	Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format	Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Food Thickeners Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Food Thickeners Historical Market (2018-2023)
   8.3   Global Food Thickeners Market Forecast (2024-2032)
   8.4   Global Food Thickeners Market by Type
       8.4.1   Protein
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Starch
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Hydrocolloids
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
           8.4.3.3 Breakup by Type
               8.4.3.3.1   Gelatine
               8.4.3.3.2   Xanthan Gum
               8.4.3.3.3   Agar
               8.4.3.3.4   Pectin
               8.4.3.3.5   Others
   8.5   Global Food Thickeners Market by Source
       8.5.1   Plant
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Animal
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
       8.5.3   Microbial
           8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
   8.6   Global Food Thickeners Market by Application
       8.6.1   Bakery and Confectionery
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Sauces and Dips
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Beverages
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Convenience and Processed Food
           8.6.4.1 Historical Trend (2018-2023)
           8.6.4.2 Forecast Trend (2024-2032)
       8.6.5   Others
   8.7   Global Food Thickeners Market by Region
       8.7.1   North America
           8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   Europe
           8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Asia Pacific
           8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
       8.7.4   Latin America
           8.7.4.1 Historical Trend (2018-2023)
           8.7.4.2 Forecast Trend (2024-2032)
       8.7.5   Middle East and Africa
           8.7.5.1 Historical Trend (2018-2023)
           8.7.5.2 Forecast Trend (2024-2032)
9   North America Food Thickeners Market Analysis
   9.1   United States of America
       9.1.1 Historical Trend (2018-2023)
       9.1.2 Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1 Historical Trend (2018-2023)
       9.2.2 Forecast Trend (2024-2032)
10   Europe Food Thickeners Market Analysis
   10.1   United Kingdom
       10.1.1 Historical Trend (2018-2023)
       10.1.2 Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1 Historical Trend (2018-2023)
       10.2.2 Forecast Trend (2024-2032)
   10.3   France
       10.3.1 Historical Trend (2018-2023)
       10.3.2 Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1 Historical Trend (2018-2023)
       10.4.2 Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Food Thickeners Market Analysis
   11.1   China
       11.1.1 Historical Trend (2018-2023)
       11.1.2 Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1 Historical Trend (2018-2023)
       11.2.2 Forecast Trend (2024-2032)
   11.3   India
       11.3.1 Historical Trend (2018-2023)
       11.3.2 Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1 Historical Trend (2018-2023)
       11.4.2 Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1 Historical Trend (2018-2023)
       11.5.2 Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Food Thickeners Market Analysis
   12.1   Brazil
       12.1.1 Historical Trend (2018-2023)
       12.1.2 Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1 Historical Trend (2018-2023)
       12.2.2 Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1 Historical Trend (2018-2023)
       12.3.2 Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Food Thickeners Market Analysis
   13.1   Saudi Arabia
       13.1.1 Historical Trend (2018-2023)
       13.1.2 Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1 Historical Trend (2018-2023)
       13.2.2 Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1 Historical Trend (2018-2023)
       13.3.2 Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1 Historical Trend (2018-2023)
       13.4.2 Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Value Chain Analysis
16   Competitive Landscape
   16.1   Market Structure
   16.2   Company Profiles
       16.2.1   Archer-Daniels-Midland Company
           16.2.1.1   Company Overview
           16.2.1.2   Product Portfolio
           16.2.1.3   Demographic Reach and Achievements
           16.2.1.4   Certifications
       16.2.2   Ashland
           16.2.2.1   Company Overview
           16.2.2.2   Product Portfolio
           16.2.2.3   Demographic Reach and Achievements
           16.2.2.4   Certifications
       16.2.3   Cargill, Incorporated
           16.2.3.1   Company Overview
           16.2.3.2   Product Portfolio
           16.2.3.3   Demographic Reach and Achievements
           16.2.3.4   Certifications
       16.2.4   DuPont De Nemours Inc.
           16.2.4.1   Company Overview
           16.2.4.2   Product Portfolio
           16.2.4.3   Demographic Reach and Achievements
           16.2.4.4   Certifications
       16.2.5   Ingredion Incorporated
           16.2.5.1   Company Overview
           16.2.5.2   Product Portfolio
           16.2.5.3   Demographic Reach and Achievements
           16.2.5.4   Certifications
       16.2.6   Others
17   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Food Thickeners Market: Key Industry Highlights, 2018 and 2032
2.   Global Food Thickeners Historical Market: Breakup by Type (USD Billion), 2018-2023
3.   Global Food Thickeners Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.   Global Food Thickeners Historical Market: Breakup by Source (USD Billion), 2018-2023
5.   Global Food Thickeners Market Forecast: Breakup by Source (USD Billion), 2024-2032
6.   Global Food Thickeners Historical Market: Breakup by Application (USD Billion), 2018-2023
7.   Global Food Thickeners Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.   Global Food Thickeners Historical Market: Breakup by Region (USD Billion), 2018-2023
9.   Global Food Thickeners Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.   North America Food Thickeners Historical Market: Breakup by Country (USD Billion), 2018-2023
11.   North America Food Thickeners Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.   Europe Food Thickeners Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   Europe Food Thickeners Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Asia Pacific Food Thickeners Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Asia Pacific Food Thickeners Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Latin America Food Thickeners Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Latin America Food Thickeners Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Middle East and Africa Food Thickeners Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Middle East and Africa Food Thickeners Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Global Food Thickeners Market Structure

Key Questions Answered in the Report

What was the global food thickeners market size in 2023?

In 2023, the global food thickeners market attained a value of nearly USD 15.99 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 26.51 billion by 2032.

What are the major market drivers?

The major market drivers include the rising use of food thickeners in food and beverage applications, surging trend of health and wellness, and the growing demand for ready-to-eat snacks and non-alcoholic beverages.

What are the key trends of the market?

The launches of innovative health products and product innovations by food and beverage manufacturers are the key trends bolstering the market development.

What are the major regional markets of food thickeners, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading types of food thickeners in the market?

The various types of food thickeners in the market are protein, starch, and hydrocolloids.

What are the different segments based on source of food thickeners considered in the market report?

The different segments based on source of food thickeners considered in the market report are plant, animal, and microbial.

What are the various applications of food thickeners?

The various applications of food thickeners are bakery and confectionery, sauces and dips, beverages, and convenience and processed food, among others.

Who are the key market players, according to the report?

The key food thickeners market players include Archer-Daniels-Midland Company, Ashland, Cargill, Incorporated, DuPont De Nemours Inc., and Ingredion Incorporated, among others.

Analyst Review

The global food thickeners market attained a value of USD 15.99 billion in 2023, driven by the increased utility of the product in food and beverage applications. Aided by the continued product innovation, changing consumer preferences, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.8%. The market is projected to reach USD 26.51 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into protein, starch, and hydrocolloids. The major sources are plant, animal, and microbial. By application, the industry is segmented into bakery and confectionery, sauces and dips, beverages, and convenience and processed food, among others. The major regional markets for food thickeners are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Archer-Daniels-Midland Company, Ashland, Cargill, Incorporated, DuPont De Nemours Inc., and Ingredion Incorporated, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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