Kenneth Research, in its repository of market research reports, have recently added a report on Food Thickeners Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Food Thickeners Market products.
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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.
Global Food Thickeners Market was valued at USD 12.30 Billion in the year 2017. Global Food Thickeners Market is further estimated to grow at a CAGR of 5.28% from 2018 to reach USD 18.72 Billion by the year 2025. The North American region holds the largest Market share in 2017 and Asia Pacific Market is considered as the fastest growing Market in the forecasted period. The U.S. holds the major Market in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years.
The major players in Food Thickeners Market are Cargill, E. I. Du Pont De Nemours and Company, Kerry Group PLC, Ingredion Incorporated, Archer Daniels Midland Company, Tate & Lyle Plc., Tic Gums, Darling Ingredients Inc., CP Kelco, Fuerst Day Lawson Ltd. and other 10 companies detailed information is provided in research report. Organic growth strategies adopted by most of the top players in recent years provides comprehensive Market opportunities for the various stakeholder.
SWOT analysis of Food Thickeners Market
Strength
Growing usage of thickeners in soups, sauces, and puddings especially in home cooking
The rise in the usage of natural thickeners
Weakness
High dosage of food thickeners has adverse health effects and its restraining growth of the Market
Opportunity
Growing usage of thickeners in the medical treatment such as Dysphagia patients
Threats
Food thickeners need to follow strict government regulations for its varied application base
The dairy & frozen desserts segment holds the substantial Market share because of its large availability and usage across regions. The global Market, based on source, has been segmented by Plant, by Animal, and by Microbial. The plant-sourced food thickeners dominated the global food thickeners Market in 2017 and are also the fastest-growing Market during the forecast period.
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Food Thickeners Market Overview By Type
Protein
Starch
Hydrocolloid
Food Thickeners Market Overview By Application
Bakery
Confectionery
Dairy & Frozen Desserts
Beverages
Sauces, Dressings, Marinades, and Gravies
Convenience & Processed Foods
Food Thickeners Market Overview By Source
Plant
Microbial
Animal
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Food Thickeners Market Overview By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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