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 USD 15.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 22.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.54% during 2024-2032.
Factors Affecting the Growth of the Food Thickeners Industry:
- The Rise of Plant-Based and Clean-Label Foods:
In 2024, more people want plant-based and clean-label food options. This is boosting the demand for natural and organic food thickeners made from plants, like starches, gums, and fibers. These thickeners not only make foods healthier but also improve texture, stability, and taste.
- Importance of Texture and Mouthfeel:
How food feels and tastes is very important in 2024. Food companies are creating products with interesting and appealing textures, like smooth, creamy, chewy, or crunchy. Food thickeners help achieve these textures, making foods more enjoyable and attractive to different tastes.
- Focus on Cost-Effective and Sustainable Options:
In 2024, the food industry is looking for ways to save money and protect the environment. Companies are using thickeners from sustainable sources like leftover crops or industrial by-products. Better production methods are also helping to lower the cost of making these thickeners.
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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:
Breakup by Type:
- Protein
- Starch
- Hydrocolloids
Breakup by Source:
- Plant
- Animal
- Microbial
Breakup by Application:
- Bakery
- Confectionery
- Sauces and Dips
- Beverages
- Convenience and Processed Food
- Others
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
Food Thickeners Market Trends:
The market for food thickeners is growing quickly in 2024. As consumers want healthier, eco-friendly, and creative food products, thickeners play a big role in improving quality and appeal. Companies are focusing on making natural, clean-label, and functional thickeners to meet these demands.
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