Food Thickener Market Size, Share & Growth | Forecast [2031]
Food Thickener Market Size, Share & Growth | Forecast [2031]
Segments - Food Thickener Market by Category (Natural and Synthetic), Type (Hydrocolloids [Gelatin, Xanthan gum, Agar, Pectin, and Others], Protein, and Starch), Applications (Bakery & Confectionery, Beverages, Sauces & Dressings, Dairy, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-798
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Report Description
Food Thickener Market Outlook 2031
The global food thickener market size was valued at USD 13.09 Billion in 2022 and is likely reach to USD 22.12 Billion by 2031, expanding at a CAGR of 6.0% during the forecast period, 2023–2031. The growth of the market is attributed to increasing demand for processed food sources, bread kitchen, and dessert shop items among the population is supporting the development of food thickeners in the food ventures.
Food thickeners are commonly known as food hydrocolloids and are utilized to build the consistency of the food arrangement without hampering the taste of the food. These thickeners are utilized broadly in food and refreshments to expand the consistency of the food item. These are extracted from different sources and are consumable in nature.
The process of thickening includes a nonspecific entanglement of polysaccharide and protein polymer chains. The thickening impact produced by hydrocolloids relies upon the pH and temperature of the food item just as the hydrocolloid types as food additives and food thickeners.
Food Thickener Market Trends, Drivers, Restraints, and Opportunities
- Rising interest for sauces and dressings item because of developing pervasiveness for comfort food is expected to boost the market during the forecast period.
- Increasing demand for baby food item and expansion in the obesity rate alongside growing utilization for low calorie food items and increase in the demand for bakery products items is projected to fuel the market in coming years.
- Changing lifestyle of the consumers resulting in increase in focus on their diet habits is a crucial factor for the market growth.
- High costs related with the development and manufacturing of food thickeners and variances in raw material costs of hydrocolloids are expected to hamper the market growth.
- Rising awareness among the buyers about medical problems like constipation with presence of some undesirable components such as xanthan gum and carrageenan act as key factors hindering the market growth during the forecast period.
- R&D investment and technological investment in food technology is projected to create immense growth opportunities for the market players.
Scope of Food Thickener Market Report
The report on the global food thickener market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Food Thickener Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Category (Natural and Synthetic), Types (Hydrocolloids[Gelatin, Xanthan gum, Agar, Pectin, and others], Protein, and Starch), and Applications (Beverages, Bakery & Confectionery, Sauces & Dressings, Dairy, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Cargill. Incorporated, Archer Daniels Midland Company, Ashland Global Holdings Inc., Dupont, and Ingredion Incorporated |
Food Thickener Market Segment Insights
The natural segment is projected to hold a major market share
Based on category, the food thickener market is segmented into natural and synthetic. The natural segment is expected to hold a key share of the market during the forecast period owing to its wide range of applications in the food and beverage fields, such as baked goods, candy, sauces, condiments, beverages, dairy products & frozen desserts, and ready-to-eat foods as these products need agar as raw ingredient with increasing awareness about health concerns and nutritional compatibility with other ingredients, low-cost and abundant supply of food thickeners, and progress in extracting and processing food thickeners from new natural sources.
The hydrocolloid segment is projected to hold a major market share
Based on types, the food thickener market is segregated into hydrocolloids, protein, and starch. The hydrocolloid is further segregated into gelatin, agar, xanthan gum, pectin, and others. The agar segment is expected to hold a key share of the market during the forecast period owing rising demand for thickening agents.
For instance, agar has been seen with an expanding pattern in the bakery and confectionery industry, due to the capacity to withstand high temperatures, agar is acquiring noticeable quality as a stabilizer and thickener in pie fillings, icings, and meringues. A few agars, particularly those separated from gracilaria chilensis, are utilized by sweet shop. Since agar is tasteless and doesn't interfere with flavors of food stuff, it is used widely in food and drink items.
The bakery segment is expected to grow at a rapid pace
On the basis of applications, the food thickener market is fragmented into beverages, bakery & confectionery, sauces & dressings, dairy, and others. The bakery segment is expected to hold a major share of the market during the forecast period owing to rising interest for natural and organic baked goods and pattern of healthy snacks.
Food Thickener Market Outlook
North America is expected to dominate the market
In terms of regions, the food thickener market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is anticipated to hold major market share during the forecast period.
The regional market growth can be attributed to newly evolved food and beverage industry in the U.S. and Canada. The market likewise profits by the presence of different global food handling and assembling organizations and bringing about an expanded interest for the item.
The market in North America has been seeing expanding interest for items like cakes, biscuits, and cupcakes since ongoing years. On the other hand, the market in Europe is expected to exhibit a rapid growth rate in the coming years due to rising demand for food thickeners, increasing interest for packaged juices, and caffeinated drinks.
Segments
Category
- Natural
- Synthetic
Types
- Hydrocolloids [Gelatin, Xanthan gum, Agar, Pectin, and others]
- Protein
- Starch
Applications
- Bakery & Confectionery
- Dairy
- Beverages
- Sauces & Dressings
- Other
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Cargill. Incorporated
- Archer Daniels Midland Company
- Ashland Global Holdings Inc.
- Dupont
- Ingredion Incorporated
Competitive Landscape
Key players competing in the food thickener market include Cargill incorporated, archer daniels midland company, ashland global holdings inc., dupont, and ingredion incorporated. Companies are engaging in mergers, acquisitions and partnerships to extend their market share. Moreover they are focusing on expanding their product portfolio to leverage their market position.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Thickener Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Food Thickener Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Food Thickener Market - Supply Chain
4.5. Global Food Thickener Market Forecast
4.5.1. Food Thickener Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Thickener Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Food Thickener Market Absolute $ Opportunity
5. Global Food Thickener Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Food Thickener Market Size and Volume Forecast by Types
5.3.1. Hydrocolloids [Gelatin, Xanthan gum, Agar, Pectin, and others]
5.3.2. Protein
5.3.3. Starch
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Food Thickener Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Food Thickener Market Size and Volume Forecast by Applications
6.3.1. Bakery & Confectionery
6.3.2. Dairy
6.3.3. Beverages
6.3.4. Sauces & Dressings
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Food Thickener Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Food Thickener Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Food Thickener Demand Share Forecast, 2019-2026
8. North America Food Thickener Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Food Thickener Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Food Thickener Market Size and Volume Forecast by Types
8.4.1. Hydrocolloids [Gelatin, Xanthan gum, Agar, Pectin, and others]
8.4.2. Protein
8.4.3. Starch
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Food Thickener Market Size and Volume Forecast by Applications
8.7.1. Bakery & Confectionery
8.7.2. Dairy
8.7.3. Beverages
8.7.4. Sauces & Dressings
8.7.5. Other
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Food Thickener Demand Share Forecast, 2019-2026
9. Latin America Food Thickener Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Food Thickener Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Food Thickener Market Size and Volume Forecast by Types
9.4.1. Hydrocolloids [Gelatin, Xanthan gum, Agar, Pectin, and others]
9.4.2. Protein
9.4.3. Starch
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Food Thickener Market Size and Volume Forecast by Applications
9.7.1. Bakery & Confectionery
9.7.2. Dairy
9.7.3. Beverages
9.7.4. Sauces & Dressings
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Food Thickener Demand Share Forecast, 2019-2026
10. Europe Food Thickener Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Food Thickener Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Food Thickener Market Size and Volume Forecast by Types
10.4.1. Hydrocolloids [Gelatin, Xanthan gum, Agar, Pectin, and others]
10.4.2. Protein
10.4.3. Starch
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Food Thickener Market Size and Volume Forecast by Applications
10.7.1. Bakery & Confectionery
10.7.2. Dairy
10.7.3. Beverages
10.7.4. Sauces & Dressings
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Food Thickener Demand Share Forecast, 2019-2026
11. Asia Pacific Food Thickener Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Food Thickener Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Food Thickener Market Size and Volume Forecast by Types
11.4.1. Hydrocolloids [Gelatin, Xanthan gum, Agar, Pectin, and others]
11.4.2. Protein
11.4.3. Starch
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Food Thickener Market Size and Volume Forecast by Applications
11.7.1. Bakery & Confectionery
11.7.2. Dairy
11.7.3. Beverages
11.7.4. Sauces & Dressings
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Food Thickener Demand Share Forecast, 2019-2026
12. Middle East & Africa Food Thickener Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Food Thickener Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Food Thickener Market Size and Volume Forecast by Types
12.4.1. Hydrocolloids [Gelatin, Xanthan gum, Agar, Pectin, and others]
12.4.2. Protein
12.4.3. Starch
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Food Thickener Market Size and Volume Forecast by Applications
12.7.1. Bakery & Confectionery
12.7.2. Dairy
12.7.3. Beverages
12.7.4. Sauces & Dressings
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Food Thickener Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Food Thickener Market: Market Share Analysis
13.2. Food Thickener Distributors and Customers
13.3. Food Thickener Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Cargill. Incorporated
13.4.2. Archer Daniels Midland Company
13.4.3. Ashland Global Holdings Inc.
13.4.4. Dupont
13.4.5. Ingredion Incorporated
Methodology
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