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DUBLIN, May 27, 2022 /PRNewswire/ -- The 'Food Thickeners Market by Type, Source and Application: Global Opportunity Analysis and Industry Forecast, 2022-2031' report has been added to ResearchAndMarkets.com's offering.
The global food thickeners market was valued at $13,085.2 million in 2021, and is expected to reach $22,336.8 million by 2031, registering a CAGR of 5.6% from 2022 to 2031.Food thickeners or thickening agents provide texture, improve stability, and increase suspension of added ingredient to increase the viscosity of aqueous mixture, without modifying its other properties, specifically taste. In food & beverages applications, thickeners are used to give palatability, texture, bulking, and other properties to food products. These are extensively used in a range of food products such as sauces, seasonings, condiments, soups, meat, poultry, snack foods, cereals, and breakfast.In 2021, Europe was the leading region, in terms of value, owing to the availability of healthy food products developed by food & beverages manufacturers considering consumers' health. Moreover, consumer demand for healthy and low-fat food boosts growth of the food thickeners market in Europe.Factors such as increase in demand for convenience food, rise in disposable income, and the advantages & various functions associated with the use of food thickeners are expected to drive the global market during the forecast period. Further, consumer's inclination toward healthy food and lifestyle is expected to create a major growth opportunity for the global industry players. However, volatile cost and high R&D cost associated with the production of food thickeners may impede the market growth.Food thickeners or thickening agents are the substances that are added to the mixture or food to increase its viscosity without substantially altering its other properties. It helps to improve the suspension of other ingredients along with increased stability of the product. In food industry, thickeners are used to enhance numerous basic properties of foodstuffs such as, viscosity, texture, density, stability, and flavor. Growth in demand for convenience food, rise in disposable income, and the advantages & various functions associated with the use of food thickeners drive the global market. Furthermore, consumer's inclination toward healthy food and lifestyle is expected to deliver substantial growth opportunity to the global industry players. However, fluctuating prices of food thickeners along with high R&D cost associated with the production of food thickeners is projected to restrain the growth of the global market.The food thickeners market is segmented on the basis of type, source, application, and region. On the basis of type, it is divided into starch, protein, and hydrocolloid. On the basis of source, it is classified into plant, animal, and microbial. On the basis of application, it is categorized into bakery; confectionery; sauces, dressings, marinades & gravies; beverages; dairy & frozen desserts; and convenience & processed foods. By Region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.According to the market players, the major obstacle faced by them attributed by the COVID-19 pandemic were the disruption of the supply chain and restrictions in manufacturing capacity. Moreover, all the supply channels were nearly shut down in the first quarter of the pandemic.
Key Findings Of The Study
- By type, the food thickeners market size of starch segment remained the dominant segment in the year 2020, and is expected to maintain the market share in the coming years
- By source, plant segment account for nearly 60% of the revenue, followed by animal and microbial
- By application, dairy and frozen dairy category is the major category in terms of value; however, beverage is expected to be the fastest growing segment during the forecast period
- Food thickeners market analysis by region indicates that Europe led in terms of the global food thickeners market share in 2021, and is expected to retain its dominance during the food thickeners market forecast period
- Archer Daniels Midland Company, Cargill, Inc., E. I. DuPont de Nemours and Company, Ingredion Incorporated, Kerry Group Plc., CP Kelco, Darling Ingredients, Tate & Lyle PLC, Ashland Specialty Ingredients, and TIC Gums and others are some of the key players in the food thickeners industry
Key Topics Covered: Chapter 1: Introduction Chapter 2: Executive Summary Chapter 3: Market Landscape 3.1. Market Definition and Scope3.2. Key Findings3.2.1. Top Investment Pockets3.2.2. Top Winning Strategies3.3. Porter's Five Forces Analysis3.3.1. Bargaining Power of Suppliers3.3.2. Threat of New Entrants3.3.3. Threat of Substitutes3.3.4. Competitive Rivalry3.3.5. Bargaining Power Among Buyers3.4. Market Share Analysis/Top Player Positioning3.4.1. Market Share Analysis/Top Player Positioning 20203.5. Market Dynamics3.5.1. Drivers3.5.2. Restraints3.5.3. Opportunities3.6. Covid-19 Impact Analysis3.7. Competitive Heatmap Chapter 4: Food Thickeners Market, by Type 4.1. Market Overview4.1.1Market Size and Forecast, by Type4.2. Starch4.2.1. Key Market Trends, Growth Factors and Opportunities4.2.2. Market Size and Forecast, by Region 4.2.3. Market Share Analysis, by Country4.3. Protein4.3.1. Key Market Trends, Growth Factors and Opportunities4.3.2. Market Size and Forecast, by Region 4.3.3. Market Share Analysis, by Country4.4. Hydrocolloid4.4.1. Key Market Trends, Growth Factors and Opportunities4.4.2. Market Size and Forecast, by Region 4.4.3. Market Share Analysis, by Country Chapter 5: Food Thickeners Market, by Source 5.1. Market Overview5.1.1Market Size and Forecast, by Source5.2. Plant5.2.1. Key Market Trends, Growth Factors and Opportunities5.2.2. Market Size and Forecast, by Region 5.2.3. Market Share Analysis, by Country5.3. Animal5.3.1. Key Market Trends, Growth Factors and Opportunities5.3.2. Market Size and Forecast, by Region 5.3.3. Market Share Analysis, by Country5.4. Microbial5.4.1. Key Market Trends, Growth Factors and Opportunities5.4.2. Market Size and Forecast, by Region 5.4.3. Market Share Analysis, by Country Chapter 6: Food Thickeners Market, by Application 6.1. Market Overview6.1.1Market Size and Forecast, by Application6.2. Bakery6.2.1. Key Market Trends, Growth Factors and Opportunities6.2.2. Market Size and Forecast, by Region 6.2.3. Market Share Analysis, by Country6.3. Confectionery6.3.1. Key Market Trends, Growth Factors and Opportunities6.3.2. Market Size and Forecast, by Region 6.3.3. Market Share Analysis, by Country6.4. Sauces, Dressings, Marinades and Gravies6.4.1. Key Market Trends, Growth Factors and Opportunities6.4.2. Market Size and Forecast, by Region 6.4.3. Market Share Analysis, by Country6.5. Beverages6.5.1. Key Market Trends, Growth Factors and Opportunities6.5.2. Market Size and Forecast, by Region 6.5.3. Market Share Analysis, by Country6.6. Dairy and Frozen Desserts6.6.1. Key Market Trends, Growth Factors and Opportunities6.6.2. Market Size and Forecast, by Region 6.6.3. Market Share Analysis, by Country6.7. Convenience and Processed Foods6.7.1. Key Market Trends, Growth Factors and Opportunities6.7.2. Market Size and Forecast, by Region 6.7.3. Market Share Analysis, by Country Chapter 7: Food Thickeners Market, by Region Chapter 8: Company Profiles 8.1. E. I. Dupont De Nemours and Company8.1.1. Company Overview8.1.2. Key Executives8.1.3. Company Snapshot8.1.4. Operating Business Segments8.1.5. Product Portfolio8.1.6. Business Performance8.1.7. Key Strategic Moves and Developments8.2. Ingredion Incorporated8.2.1. Company Overview8.2.2. Key Executives8.2.3. Company Snapshot8.2.4. Operating Business Segments8.2.5. Product Portfolio8.2.6. Business Performance8.2.7. Key Strategic Moves and Developments8.3. Kerry Group plc.8.3.1. Company Overview8.3.2. Key Executives8.3.3. Company Snapshot8.3.4. Operating Business Segments8.3.5. Product Portfolio8.3.6. Business Performance8.3.7. Key Strategic Moves and Developments8.4. Cp Kelco8.4.1. Company Overview8.4.2. Key Executives8.4.3. Company Snapshot8.4.4. Operating Business Segments8.4.5. Product Portfolio8.4.6. Business Performance8.4.7. Key Strategic Moves and Developments8.5. Darling Ingredients8.5.1. Company Overview8.5.2. Key Executives8.5.3. Company Snapshot8.5.4. Operating Business Segments8.5.5. Product Portfolio8.5.6. Business Performance8.5.7. Key Strategic Moves and Developments8.6. Archer Daniels Midland Company8.6.1. Company Overview8.6.2. Key Executives8.6.3. Company Snapshot8.6.4. Operating Business Segments8.6.5. Product Portfolio8.6.6. Business Performance8.6.7. Key Strategic Moves and Developments8.7. Cargill, Inc.8.7.1. Company Overview8.7.2. Key Executives8.7.3. Company Snapshot8.7.4. Operating Business Segments8.7.5. Product Portfolio8.7.6. Business Performance8.7.7. Key Strategic Moves and Developments8.8. Tate and Lyle plc.8.8.1. Company Overview8.8.2. Key Executives8.8.3. Company Snapshot8.8.4. Operating Business Segments8.8.5. Product Portfolio8.8.6. Business Performance8.8.7. Key Strategic Moves and Developments8.9. Ashland Specialty Ingredients8.9.1. Company Overview8.9.2. Key Executives8.9.3. Company Snapshot8.9.4. Operating Business Segments8.9.5. Product Portfolio8.9.6. Business Performance8.9.7. Key Strategic Moves and Developments8.10. Tic Gums8.10.1. Company Overview8.10.2. Key Executives8.10.3. Company Snapshot8.10.4. Operating Business Segments8.10.5. Product Portfolio8.10.6. Business Performance8.10.7. Key Strategic Moves and Developments
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