Growing demand for functional thickeners, and the expansion of the food and beverage industry are factors driving the global Food Thickeners market in the forecast period 2024-2028.
As per the TechSci Research report titled "Food Thickeners Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," the Global Food Thickeners Market reached USD 14.32 billion in 2022, projecting a 5.7% CAGR during the forecast period, 2024-2028. The market's steady growth is fueled by various factors, including consumer preferences for enhanced textures and stable consistencies in food and beverages. The demand for thickeners spans diverse segments, characterized by a wide range of products derived from natural and synthetic sources, offering versatility to manufacturers.
The use of natural thickeners like agar, pectin, and starches is on the rise, aligning with clean label trends driven by rising health consciousness. Additionally, the aging population and increased instances of dysphagia have led to a heightened adoption of thickeners in healthcare settings. The food industry's pursuit of innovation, from molecular gastronomy to convenience foods, is encouraging the exploration of new textural experiences achievable through thickeners.
Challenges such as raw material price volatility and regulatory constraints persist, pushing manufacturers to balance functionality with compliance. Consumer consciousness regarding health and wellness, especially in North America, has led to an increased scrutiny of food labels for familiar and natural ingredients. This demand for transparency has steered the market towards natural and plant-based food thickeners, including tapioca starch, agar, and xanthan gum.
The preference for natural ingredients extends beyond health considerations, with consumers embracing these thickeners for their sustainable and ethical implications. The rising awareness of environmental impact aligns with the natural food thickeners trend, further driving market growth. Additionally, the graying population in North America, with an increased prevalence of health conditions like dysphagia, has surged the demand for modified-texture diets, leading to the adoption of food thickeners in healthcare settings.
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The global food thickeners market is segmented into type, source, application, regional distribution, and company. Starch stands as the fastest-growing segment, driven by its versatile applications, natural origin, and consumer demand for clean-label ingredients. The market's regional segmentation covers Asia Pacific, North America, Europe, Middle East & Africa, and South America.
Major companies operating in Global Food Thickeners Market are:
- Cargill, Inc.
- DuPont De Nemours, Inc.
- Kerry Inc.
- Guar Resources, LLC.
- Kent Precision Foods Group, Inc.
- TIC Gums, Inc.
- Naturex S.A.
- Medline Industries, Inc.
- Fooding Group Limited
- Emsland Group
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“The global food thickeners market is on a progressive trajectory, driven by shifting consumer preferences, technological advancements, and health considerations. The market showcases a broad spectrum of thickeners sourced from natural and synthetic origins, responding to the diverse demands of the food and beverage industry. As consumers increasingly seek recognizable ingredients, natural thickeners like agar and pectin have gained prominence. Additionally, the rise of health-related concerns, including dysphagia, has fueled the adoption of thickeners in healthcare settings, catering to modified diets. Culinary innovation and molecular gastronomy have expanded the textural possibilities achievable with thickeners, transcending traditional boundaries,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Food Thickeners Market By Type (Protein, Starch, Hydrocolloids, and Others), By Source (Plant, Animal), By Application (Bakery, Confectionery, Dairy & Frozen Desserts, Sauces, Convenience food, and Others), By Region, By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of global food thickeners market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global food thickeners market.
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