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Global Thickeners and Vegetable Gums Market Share, Size, Growth, Analysis, Forecast: By Type: Polysaccharides, Proteins; By Nature: Organic, Conventional; By Application: Dairy Products, Sauces and Dressings, Bakery and Confectionary, Convenience Food, Beverages, Others; Regional Analysis; Competitive Landscape; 2023-2028
Global Thickeners and Vegetable Gums Market Outlook
The global thickeners and vegetable gums market size attained a value of USD 13.4 billion in 2022. The market is further expected to grow at a CAGR of 6.10% between 2023 and 2028, to reach a value of USD 18.9 billion by 2028.
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Key Trends in the Market
Thickeners, also known as thickening agents, are food additives which increase the viscosity of a food item without changing its taste, colour, or other properties. Vegetable gums are a type of thickening agent which are sourced from natural origins. Both thickeners and vegetable gums help in boosting the food product stability, increasing shelf life.
- The thriving food and beverage sector across the emerging economies, supported by rapid urbanisation, growing population, and increasing disposable income, is driving the global thickeners and vegetable gums market.
- The rising demand for clean labelled dairy, bakery, confectionery, and convenience foods, is further generating the product’s demand. Meanwhile, condiments such as sauces and dressing are integral to restaurants, hotels, and pubs, which are further escalating the applications of thickeners and vegetable gums.
- Growing expansion of the e-commerce sector is another crucial driving factor of the thickeners and vegetable gums market. Premium packaged food ready-to-cook food products are witnessing a great sale on online platforms which in turn are generating the demand for thickeners and vegetable gums.
Market Analysis
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Based on type, the market is bifurcated into polysaccharides and proteins. On the basis of nature, the market is classified into organic and conventional. By application, the market is segmented into dairy products, sauces and dressings, bakery and confectionary, convenience food, and beverages, among others. The regional markets for thickeners and vegetable gums are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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. The report gives a detailed analysis of the following key players in the global thickeners and vegetable gums market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Medline Industries, LP.
- Ashland Inc.
- Ingredion Incorporated
- Tate and Lyle plc
- Cargill, Incorporated
- CP Kelco U.S., Inc.
- Sinofi Ingredients
- Hosokawa Alpine AG
- Others
Market Share by Type
The proteins segment, based on type, accounts for a healthy share of the thickeners and vegetable gums market. The increasing demand for protein-based food thickening agents, owing to their ability to enhance the food texture, is driving the segment’s growth. In addition, protein in thickeners and vegetable gums bolsters the amino-acid content in the food, while adding nutritional value. The increasing application of protein-based thickening agents in creams, soups, and sauces, among other foods and condiments, is boosting the growth of this segment. With the growing consumer preference for additional protein in diets, protein types of thickeners and vegetable gums are likely to increase in demand in the coming years.
Market Share by Application
Based on application, the bakery and confectionary segment accounts for a significant share in the thickeners and vegetable gums market. Bakery and confectionery products use thickening agents and gums to attain stability and enhanced texture for easier packaging. Hence, the increasing demand for premium packaged bakery and confectionery products such as biscuits, cakes, doughnuts, and cookies, among others, is propelling the segment’s growth.
Meanwhile, the dairy products segment is expected to witness a healthy growth in the forecast period. This can be attributed to the increasing application of polysaccharides, such as xanthan, locust bean gum, and tragacanth, in a variety of dairy products.
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Competitive Landscape
Medline Industries, LP is a leading healthcare company which manufactures and distributes exam and surgical gloves, infection prevention solutions, table kits, dry pads, fall prevention equipment, fluid management solutions, and nutritional products, among others. The company was founded in the year 1966 and is currently headquartered in Illinois in the United States.
Ashland Inc. is a specialty chemical producing company which operates in more than 100 countries with headquarters in Delaware, United States. Founded in 1924, the company focuses on producing food additives and specialty ingredients which cater to the growing demands of the food and beverage sector. It produces high-end chemicals which are used in pharmaceutical, personal care, architecture, energy, and nutraceutical sectors, among others.
Ingredion Incorporated is a leading supplier of food and beverage products, which provides expertise in nutrition, health and wellness, specialty sweeteners, plant-based proteins, flavourings with modifying properties, food systems, and clean and simple ingredients, etc. This company offers ingredients which are used in the production of bakery, dairy, beverage, and meat alternative products, among others. Established in 1906, the company headquarters are in Illinois in the United States.
Other market players include Tate and Lyle plc, Cargill, Incorporated, CP Kelco U.S., Inc., Sinofi Ingredients, and Hosokawa Alpine AG, among others.
Key Highlights of the Report
| 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:
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| Breakup by Type |
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| Breakup by Nature |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Thickeners and Vegetable Gums Market Analysis
8.1 Key Industry Highlights
8.2 Global Thickeners and Vegetable Gums Historical Market (2018-2022)
8.3 Global Thickeners and Vegetable Gums Market Forecast (2023-2028)
8.4 Global Thickeners and Vegetable Gums Market by Type
8.4.1 Polysaccharides
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 Proteins
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Thickeners and Vegetable Gums Market by Nature
8.5.1 Organic
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 Conventional
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Thickeners and Vegetable Gums Market by Application
8.6.1 Dairy Products
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 Dressings
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 Bakery and Confectionary
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 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 Beverages
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Thickeners and Vegetable Gums 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 Thickeners and Vegetable Gums 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 Thickeners and Vegetable Gums 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 Thickeners and Vegetable Gums 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 Thickeners and Vegetable Gums 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 Thickeners and Vegetable Gums 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 Medline Industries, LP.
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 Inc.
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 Ingredion 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 Tate and Lyle plc
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 Cargill, 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 CP Kelco U.S., Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Sinofi Ingredients
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Hosokawa Alpine AG
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Thickeners and Vegetable Gums Market: Key Industry Highlights, 2018 and 2028
2. Global Thickeners and Vegetable Gums Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Thickeners and Vegetable Gums Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Thickeners and Vegetable Gums Historical Market: Breakup by Nature (USD Million), 2018-2022
5. Global Thickeners and Vegetable Gums Market Forecast: Breakup by Nature (USD Million), 2023-2028
6. Global Thickeners and Vegetable Gums Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Thickeners and Vegetable Gums Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Thickeners and Vegetable Gums Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Thickeners and Vegetable Gums Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Thickeners and Vegetable Gums Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Thickeners and Vegetable Gums Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Thickeners and Vegetable Gums Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Thickeners and Vegetable Gums Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Thickeners and Vegetable Gums Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Thickeners and Vegetable Gums Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Thickeners and Vegetable Gums Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Thickeners and Vegetable Gums Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Thickeners and Vegetable Gums Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Thickeners and Vegetable Gums Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Thickeners and Vegetable Gums Market Structure
Key Questions Answered in the Report
The market reached a value of USD 13.4 billion in 2022.
The market is estimated to grow at a CAGR of 6.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 18.9 billion by 2028.
The growing food and beverage industry, increase in food processing, and thickening and stabilising properties of thickeners and vegetable gums are the major drivers of the market.
The key trends in the thickeners and vegetable gums market include the research and development for new product variations, increase in demand for convenience foods, and rising preference for organic food additives.
Polysaccharides and proteins are the different types of products included in the market.
Dairy products, sauces and dressings, bakery and confectionary, convenience food, and beverages, among others, are the various applications of thickeners and vegetable gums in the market.
Xanthan gum, locust bean gum, and tragacanth, among others, are used as thickeners and vegetable gums.
The major regions in the market for thickeners and vegetable gums are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Medline Industries, LP., Ashland Inc., Ingredion Incorporated, Tate and Lyle plc, Cargill, Incorporated, CP Kelco U.S., Inc., Sinofi Ingredients, and Hosokawa Alpine AG, among others, are the key market players, according to the report.
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