The latest research report is dubbed as the first document encompassing the latest information about the Food Thickeners Market that has been gravely affected by the COVID-19 pandemic. The global health crisis poses significant threats to the future growth of the Food Thickeners Market. The report assesses the profound changes in this business setting caused by the outbreak and considers the prominent market aspects that have been severely disrupted by the pandemic. The report thus expounds on the rapidly changing market scenario in this COVID-19 era, which aims to help businesses involved in this sector overcome the pandemic's gripping effects and formulate new growth strategies to boost the COVID-19 preparedness.
The global food thickeners market size reached USD 13.61 Billion in 2020 and is expected to register a revenue CAGR of 5.6%, during the forecast period, according to latest analysis by Emergen Research. Some of the major factors driving global food thickeners market revenue growth are increasing changes in food preference among consumers and rising demand for agar thickening agents in bakeries. Increasing demand for plant-based thickeners is also expected to boost revenue growth of the market going ahead.
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Some Key Highlights from the Report
- Hydrocolloids segment revenue is expected to expand at a significantly rapid CAGR during the forecast period as a result of increasing usage of hydrocolloids as food thickeners.
- Plant segment is expected to lead in terms of revenue over the forecast period. Food thickeners produced from plants are in high demand among customers, especially in baked products, confectionery, and processed food, due to the rising trend of vegan food culture.
- North America is expected to account for a larger revenue share than other regional markets over the forecast period. Food and beverage sectors are well-developed in countries in the region which is expected to drive market revenue growth in North America.
The report further divides the Food Thickeners market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Food Thickeners market.
Emergen Research has segmented the global food thickeners on the basis of type, source, application, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
- Starch
- Protein
- Hydrocolloids
- Agar
- Gelatin
- Pectin
- Xanthan Gum
- Others
Source Outlook (Revenue, USD Billion; 2018–2028)
- Microbial
- Animal
- Plant
Application Outlook (Revenue, USD Billion; 2018–2028)
- Confectionery
- Bakery
- Beverages
- Sauces
- Convenience Processed Food
- Dairy Frozen Desserts
- Others
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report also studies the key companies of the Food Thickeners market along with analysis of their business strategies, MA activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Some players analyzed in the report are:
Archer Daniels Midland Company, Cargill Inc., DuPont de Nemours, Inc., Kerry Group plc, Tate Lyle PLC, Medline Industries, Inc., TIC Gums, Inc., CP Kelco U.S., Inc., Fuerst Day Lawson Limited, and Ingredion Incorporated
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Food Thickeners market?
What are the key product types and applications of the Food Thickeners industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Food Thickeners market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Food Thickeners Market by 2028?
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise.
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