The global Food Thickeners market was valued at USD 11.27 billion in 2016 and is projected to reach USD 18.71 billion by 2025, growing at a CAGR of 5.8% from 2017 to 2025.
Thickeners are majorly used in food product to increase their viscosity. They are majorly used in bakery and confectionery products to prevent the products from deforming. The introduction of convenience foods along with growing demand for sugar free confectionery products is expected to play a major role in driving market demand.
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1. Market Drivers
1.1 Rising consumption of processed foods
1.2 Growing consumer awareness regarding healthy diets
2. Market Restraints
2.1 Fluctuating prices of hydrocolloids
2.2 High R & D costs involved
The global Food Thickeners market is segmented on the product, source, application, and region.
1. By Product:
1.1.2 Xanthan Gum
1.1.7 Guar Gum
1.1.8 Carboxymethyl Cellulose
2. By Source:
3. By Application:
3.4 Frozen and Dairy Products
3.5 Gravies, Marinades, Dressings and Sauces
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Fuerst Day Lawson Ltd.
3. TIC Gums Inc.
4. Archer Daniels Midland Company
5. CP Kelco
6. EI Du Pont De Nemours Company
7. Ashland Specialty Ingredients
9. Kerry Group PLC
10. Tate and Lyle PLC
11. Darling Ingredients Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Food Thickeners market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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