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Global Food Thickeners Market: By Type: Protein, Starch, Hydrocolloids; By Source: Plant, Animal, Microbial; By Application: Bakery and Confectionery, Sauces and Dips, Beverages, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: Swot Analysis; Competitive Landscape; Industry Events and Developments

Global Food Thickeners Market Outlook

The global food thickeners market reached a value of about USD 13.5 billion in 2020. The industry is further expected to grow at a CAGR of about 5.8% in the forecast period of 2023-2028 to reach a value of around USD 18.9 billion by 2026.

 

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.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
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 (2018-2022) 
    8.3    Global Food Thickeners Market Forecast (2023-2028)
    8.4    Global Food Thickeners Market by Type
        8.4.1    Protein
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Starch
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Hydrocolloids
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
            8.4.3.4    Breakup by Type
                8.4.3.4.1    Gelatine
                8.4.3.4.2    Xanthan Gum
                8.4.3.4.3    Agar
                8.4.3.4.4    Pectin
                8.4.3.4.5    Others  
    8.5    Global Food Thickeners Market by Source
        8.5.1    Plant
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Animal
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Microbial
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global Food Thickeners Market by Application
        8.6.1    Bakery and Confectionery
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Sauces and Dips
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Beverages
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Convenience and Processed Food
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Others    
    8.7    Global Food Thickeners Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Food Thickeners Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Food Thickeners Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Food Thickeners Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Food Thickeners Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Food Thickeners Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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 2028
2.    Global Food Thickeners Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Food Thickeners Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Food Thickeners Historical Market: Breakup by Source (USD Billion), 2018-2022
5.    Global Food Thickeners Market Forecast: Breakup by Source (USD Billion), 2023-2028
6.    Global Food Thickeners Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Food Thickeners Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Food Thickeners Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Food Thickeners Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Food Thickeners Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Food Thickeners Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Food Thickeners Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Food Thickeners Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Food Thickeners Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Food Thickeners Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Food Thickeners Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Food Thickeners Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Food Thickeners Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Food Thickeners Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Food Thickeners Market Structure

Key Questions Answered in the Report

What was the global food thickeners market size in 2020?

In 2020, the global food thickeners market attained a value of nearly USD 13.5 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 5.8% between 2021 and 2026.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 18.9 billion by 2026.

What are the major industry drivers?

The major drivers of the market include increased utility of the product in food and beverage applications, rising consumer awareness of health and wellness, changing consumer preferences, increased disposable income, and rising demand for ready-to-eat snacks and non-alcoholic beverages.

What are the key industry trends of the global food thickeners market?

Product innovation, favourable government rules, and the rising introduction of innovative health products are the key industry trends propelling the growth of the market.

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

The major regions in the industry 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 leading types of food thickeners in the market are protein, starch, and hydrocolloids. Hydrocolloids can be further divided into gelatine, xanthan gum, agar, and pectin, among others.

What are the major sources of food thickeners in the industry?

The major sources of food thickeners in the industry are plant, animal, and microbial.

What are the leading application segments of the industry?

The leading application segments of the industry are bakery and confectionery, sauces and dips, beverages, and convenience and processed food, among others.

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

The major players in the industry are 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 13.5 billion in 2020, 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 2023-2028, growing at a CAGR of 5.8%. The market is projected to reach USD 18.9 billion by 2026.

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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