Food Thickeners Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Food Thickeners Market: Overview
Thickening agents or thickeners are used for increasing the viscosity of liquid without changing its properties or actual taste. Edible thickeners are used to thicken food products such as sauces, soups, and puddings. Thickening agents are used to regulating food additives. Commonly, the thickeners are based on polysaccharides or proteins. Additionally, a flavorless powder such as starch is also used for this purpose. Additionally, the microbial and vegetable gums used to thicken the food include the guar gum, alginin, and locust bean gum is used as food thickeners.
Global Food Thickeners Market: Key Trends
The food thickeners market is gaining traction due to the growing demand for convenience food. Additionally, the other factors such as changing consumer preference for the selection of food, growing awareness about the consumption of healthy diet, advantages and functionalities are encouraging the growth of the food thickeners market. Moreover, the thickeners manufacturers are continuously investing for product innovation, which is driving growth of the global food thickeners market.
Moreover, other factors influencing growth of the food thickeners market are product improvements such as organoleptic properties of products. Additionally, thickening agents change the viscosity in the dietary preparations, which are providing characteristics such as bolus control and ease of swallowing. These factors are providing support to growth of the global food thickeners market.
These products have relatively low costs than their alternatives. The products are easily available and can be manufactured on a large scale. Further, due to the rising prevalence’s of the diseases such as diabetes, blood pressure, and obesity are boosting demand for natural food thickeners, which is also benefiting growth of the market.
However, present stringent regulations imposed by the governmental bodies EFSA and FDA for permitted levels of thickener mainly across the dietary products are leading to limit profitability. Additionally, extreme usage of thickening agents may affect the health. This can lead to nausea, bloating, and flatulence, which are posing as a challenge to industry growth. Nevertheless, rising adoption of the thickeners across the dietary products in order to enhance the texture and shelf life of products are expected to offer lucrative opportunities for growth in the food thickeners market.
Global Food Thickeners Market: Novel Development
Numerous key players are investing to improve product and widen its applications. For instance, one of the key players, CP Kelco that manufactures nature-based ingredient solutions announced recently in 2019 its plans for the launching its newest product line – NUTRAVA Citrus Fiber. This nature-based fiber is a thickener and gelling agent. Additionally, it is aimed to increase the shelf-life of products substantially. Introduction of this kind of products is expected to boost food thickeners market.
Global Food Thickeners Market: Regional Outlook
Regionally, the food thickeners market could be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Of these, Asia Pacific is expected to be dominant regions in terms of demand, revenue, and consumption by the end of the forecast period. this is attributable to the increasing demand for food & beverage due to booming supermarket & e-commerce culture in the region. Additionally, rising consumer awareness coupled with easy product accessibility is estimated to fuel product demand in the coming years.
Some of the most prominent competitors operating in the competitive landscape of global food thickeners market include –
The competition in the market is stiff, which is encouraging rivalry among the key players. Additionally, a growing number of mergers, acquisitions, and partnerships are leading to increasing consolidation and fragmentation of the market.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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