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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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