The market for food thickeners is expected to arrive at a valuation of US$ 14,324.2 Million of every 2022, and is probably going to additionally advance to US$ 24,469.6 Million by 2032. During the gauge time frame going from 2022-2032, the food thickeners market esteem is supposed to enroll a CAGR of 5.5%. At the point when a food thickener is added to a refreshment, the liquid is subsumed by the thickeners and drink plumps.
Which Variables are driving the Development of the Food Thickeners Market?
With rising interest for accommodation foods, shopper attention to smart dieting, better ways of life, and the multitudinous elements and works, and advantages related with the use of food thickeners, the creation of food thickeners is supposed to rise.
The huge development of the food and drink industry, joined with the presence of an enormous buyer base, is anticipated to increment shopper mindfulness over the projected period. Essentially, taking off discretionary cashflow, as well as moving client ways of life because of quick urbanization, are anticipated to impact the business.
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Starch, hydrocolloids, and proteins are instances of food thickeners that are utilized in the baking business as a thickening, settling, and gelling specialists. Moreover, inflating costs for prepared to-eat snacks, protein-rich items, and healthful foods are supposed to move item development in the impending years.
Rising interest for non-cocktails, for example, natural product juices and caffeinated drinks is expected to speed up market development all through the figure period. The market is furiously cutthroat, with significant industry players like Cargill Inc. furthermore, CP Kelco creating enormous volumes. These key part stay serious by offering detailing mixes and customization administrations to a more extensive scope of clients.
Consumer inclination towards plant-based food thickening agents is estimated to grow, especially among vegans, in the coming years. Economically priced starch offering high stability and viscosity will make it the fastest growing product segment through 2028.
Application in bakery and confectionary coupled with rising demand for gluten-free bakery products is projected to dominate the global consumption of food thickening agents. The ability of thickening agents to increase the viscosity without altering other taste aspects of the food and beverages and providing an improved mouth feel has made it immensely popular among food manufacturers.
Multiple Functionalities of Food Thickening Agents to Provide Product Innovation Opportunities for Manufacturers
Incidences of medical conditions such as difficulty in swallowing or dysphagia, has led to a greater adoption of food thickening agents as it helps in slowing down the transit of fluids and food, providing more coordination time for the swallowing process. Additionally, cases of dysphagia in infants has created opportunities for food thickening agents manufacturers to come up with innovative baby food, addressing the concern pertaining to rising back of food in the oesophagus, among infants.
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Since, food thickening agents are also used as stabilizers, providing a longer shelf life to processed food, manufacturers of pet food see this an opportunity to come up with canned food for dogs and cats. Listed in Annex of the Council Directive of Europe, Cassia Gum is considered safe for canned pet foods.
Market growth and trends:
The interest for food thickeners has been becoming attributable to customers’ rising interest for comfort food like handled food, bundled food, bread shop items, candy parlor items, and so on. Additionally, the rising use of food thickeners, attributable to their high effectiveness in handling, is supposed to drive the market’s development.
Besides, expanding interest for protein-rich items, prepared to-eat snacks, and wholesome foods push the development of the food thickeners market. Notwithstanding, the high capital prerequisite for the food thickeners market is supposed to hamper the market’s development over the conjecture period. There are different food thickeners accessible on the lookout, for example, starch-based moment food thickeners, powdered thickener thickeners, fluid thickener based gel thickeners, and others.
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Key Segments Profiled in the Food Thickeners Market Report
Food Thickeners Market by Type:
- Hydrocolloids-based Food Thickeners
- Protein-based Food Thickeners
- Starch-based Food Thickeners
Food Thickeners Market by Source:
- Plant-based Food Thickeners
- Animal-based Food Thickeners
- Microbial-based Food Thickeners
Food Thickeners Market by Form:
- Food Thickeners Gel Type
- Food Thickener Powder
Food Thickeners Market by Application:
- Food Thickeners for Bakery Items
- Food Thickeners for Confectionery
- Food Thickeners for Sauces
- Food Thickeners for Dressings
- Food Thickeners for Gravies
- Food Thickeners for Beverages
- Food Thickeners for Dairy & Frozen Products
- Food Thickeners for Convenience & Processed Foods
Food Thickeners Market by Region:
- North America Food Thickeners Market
- Latin America Food Thickeners Market
- Europe Food Thickeners Market
- Asia Pacific Food Thickeners Market
- Middle East & Africa Food Thickeners Market
Frequently Asked Questions
- What is the expected market value for food thickeners in 2022?
- At what value is the food thickeners market anticipated to close in 2032?
- Which region is likely to be the most opportunistic with regard to food thickeners demand?
- Which application area accounts for bulk of food thickeners deployment?
Explore FMI’s Other Extensive Reports of Food & Beverage:
Food Thickening Agents Market Share : The global food thickeners agents market size is estimated to be USD 2.6 Bn in 2022 and is expected to grow at a compounded annual growth rate (CAGR) of 3.8% from 2022 to 2032.
Food Additives Market Size : From 2022 to 2032, the global Food Additives Market is expected to grow at a CAGR of 6.6%, from USD1800 Mn in the year 2021 to USD 3410 Mn in 2032.
Food Preservatives Market Forecast : Demand for organic and natural food items is on the rise, and natural preservatives are in short supply.
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