IMARC Group’s report titled “Food Thickeners Market Report by Type (Protein, Starch, Hydrocolloids), Source (Plant, Animal, Microbial), Application (Bakery, Confectionery, Sauces and Dips, Beverages, Convenience and Processed Food, and Others), and Region 2024-2032“. The global food thickeners market size reached US$ 15.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.54% during 2024-2032.
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Factors Affecting the Growth of the Food Thickeners Industry:
- Increasing Demand for Processed Food Items:
The rising demand for processed and convenience food products among people with busy lifestyles and hectic working schedules is supporting the market growth. People are increasingly seeking quick and easy-to-prepare meals that do not compromise on taste or quality. In addition, food manufacturers are increasingly incorporating thickeners to enhance texture, consistency, and shelf life. These additives are suitable for a wide variety of food options, ranging from sauces and soups to ready meals. The role of thickeners in processed food items is crucial, as they contribute to the desired viscosity and stability.
- Changing Dietary Preferences of Individuals:
The rising adoption of food thickeners on account of changing dietary preferences of individuals is strengthening the market growth. People are increasingly focusing on healthier eating habits and preferring clean food labels. In addition, the increasing demand for natural and clean-label ingredients over artificial additives is contributing to the market growth. Furthermore, there is a rise in the need for food thickeners derived from natural sources, such as tapioca, agar, and pectin. These natural thickeners are favored for their minimal processing and health benefits, aligning with the consumer demand for transparency and wellness.
- Innovations in Food Technology:
Technological advancements in the food industry broaden the scope of thickener applications, enabling their use in a diverse array of food products. Modern processing techniques assist in improving the efficiency and effectiveness of thickeners, allowing manufacturers to achieve desired product textures and consistencies with smaller quantities and without compromising on quality. These innovations also support the development of new and multifunctional thickeners that offer additional benefits, such as improved nutritional profiles and enhanced flavor release. Apart from this, the rising adoption of food thickeners across various segments of the food industry, such as dairy products, beverages, bakery, and confectionery, is propelling the market growth.
Leading Companies Operating in the Global Food Thickeners Industry:
- Archer Daniels Midland Company
- Ashland Global Holdings Inc.
- Cargill Incorporated
- CP Kelco U.S. Inc. (J.M. Huber Corporation)
- Darling Ingredients Inc.
- DuPont De Nemours Inc.
- Ingredion Incorporated
- Kerry Inc. (Kerry Group Plc)
- Medline Industries Inc.
- Tate & Lyle Plc
Food Thickeners Market Report Segmentation:
By Type:
- Protein
- Starch
- Hydrocolloids
Hydrocolloids represents the largest segment as it is highly versatile and suitable for a wide range of applications in the food industry.
By Source:
- Plant
- Animal
- Microbial
Plant holds the biggest market share due to the rising focus on natural ingredients.
By Application:
- Bakery
- Confectionery
- Sauces and Dips
- Beverages
- Convenience and Processed Food
- Others
Bakery accounts for the largest market share, driven by the increasing need to improve manageability.
Regional Insights:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys a leading position in the food thickeners market, which can be attributed to changing consumer dietary preferences.
Global Food Thickeners Market Trends:
The rising need for dysphagia-friendly diets among the geriatric population is catalyzing the demand for food thickeners. Dysphagia is a common condition among elderly individuals, requiring specialized food and beverage (F&B) formulations to ensure safe consumption. Food thickeners are essential in creating these specialized diets, as they can modify the texture of liquids and semi-solid food items to prevent choking and aspiration. Moreover, the growing awareness among individuals about dysphagia, along with the increasing need for nutritional solutions, is positively influencing the market.
Furthermore, the rising focus on plant-based and sustainably sourced thickeners is impelling the market growth.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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