Food Thickener Market

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 2021 – 2028

  • Report ID: FB-798
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 180
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The global food thickener market size was valued at USD 11.65 billion in 2020 and is expected to expand at a CAGR of 6.0 % during the forecast period, 2021–2028. 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 Thickener Market Key Takeaways

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.

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 the 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.

Attributes

Details

Report Title

Food Thickener Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

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)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cargill. Incorporated, Archer Daniels Midland Company, Ashland Global Holdings Inc., Dupont, and Ingredion Incorporated


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.

Food Thickener Market By Category

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 By Applications

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.

1. Executive Summary
2. 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
Segments Covered in the Report
The global food thickener market has been segmented on the basis of

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

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.

Food Thickener Market By Key Players

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