[300 Pages Report] The market for food thickeners is anticipated to reach a valuation of US$ 14,324.2 Million in 2022, and is likely to further accelerate to US$ 24,469.6 Million by 2032. During the forecast period ranging from 2022 to 2032, the food thickeners market value is expected to register a CAGR of 5.5%. When a food thickener is added to a beverage, the fluid is subsumed by the thickeners and beverage plumps.
| Data Points | Key Statistics |
|---|---|
| Food Thickeners Market Size (2022) | US$ 14,324.2 Million |
| Food Thickeners Market Revenue Forecast (2032) | US$ 24,469.6 Million |
| Food Thickeners Market Growth Rate (2022 to 2032) | 5.5% CAGR |
| North America Market Share | 26.4% |
When the thickener is decomposed, the setting action is reversed, and nearly all of the water in the drinks is available as a fluid that the body can absorb. Food thickeners are used in the food and beverage industries to elevate the viscosity of food and beverages, such as puddings and sauces, in conjunction with other ingredients such as gelatin, eggs, and starches such as flour, rice flour, cornstarch, and arrowroot.
Food thickeners can also be described as adapted vegetable gums, food starch, or polysaccharides. Food thickeners are added to beverages because they absorb fluid and thicken it. Agar-agar, lignin, pectin, gums and aligning, and locust bean gum are examples of vegetable gums that are generally used as food thickeners.
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With rising demand for convenience foods, consumer awareness of healthy eating, healthier lifestyles, and the innumerable features and functions, and benefits associated with the utilization of food thickeners, the production of food thickeners is expected to rise.
The significant growth of the food and beverage industry, combined with the existence of a large consumer base, is predicted to increase consumer awareness over the projected period. Similarly, soaring disposable income, as well as shifting customer lifestyles as a result of rapid urbanization, are predicted to have a positive influence on the industry.
Starch, hydrocolloids, and proteins are examples of food thickeners that are employed in the baking industry as a thickening, stabilizing, and gelling agents. Furthermore, increasing costs for ready-to-eat snacks, protein-rich products, and nutritional foods are expected to propel product growth in the forthcoming years.
Rising demand for non-alcoholic beverages such as fruit juices and energy drinks is anticipated to accelerate market growth throughout the forecast period. The market is fiercely competitive, with major industry players such as Cargill Inc. and CP Kelco generating large volumes. These major players stay competitive by offering formulation blends and customization services to a wider range of customers.
Elevated expenses associated with the manufacturing and advancement of food thickeners, as well as the alteration in raw materials, are some of the market's main drawbacks.
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Because of the notable demand for merchandise from diverse industries in the United States and Canada, North America dominated the market in 2019 with a revenue contribution of 38.5%. The highly developed food and beverage industries in the United States and Canada compel the North American market. The market also benefits from the presence of numerous multinational food fabrication and processing companies, resulting in increased consumption of the product.
North America is expected to hold a significant value in the global food thickeners market due to the high consumption of hydrocolloids, protein, starch & starch derivatives in a variety of food & beverage applications. Additionally, usage for bakery and confectionery products is intensifying in the region at a CAGR of 5%. North America is accounting for a market share of 26.4% of the global food thickeners market.
The presence of a robust bakery and confectionery industry, in addition to increasing consumer demand, is anticipated to push up the consumption of food thickeners in Europe. Additionally, the global market for packaged juices and energy drinks is expected to spur market expansion during the forecast period. According to Future Market Insights, Europe is likely to accumulate a 22.4% market share in 2022.
Diverse food thickener companies in Europe export value-added products such as blends of different thickeners and flavor ingredients. Exporters are concentrated mainly in Western Europe, while industries are expanding their operations in Eastern Europe. In terms of revenue, the German food thickeners market was estimated to be worth more than US$ 405 Million in 2019. Industry leaders looking to expand their market presence in unutilized areas are likely to find profitability prospects in Germany.
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Asia-Pacific is expected to generate a significant volume in the global food thickeners market, owing to rising consumption of several types of food thickeners in the region as manufacturers of foods and beverages concentrate on health, product innovation, and improving functional features such as flavor and texture.
China held a 48% share of the Asia Pacific food thickeners market in 2020. Product demand in China is predicted to rise due to the growth of the supermarket and e-commerce sectors, increased consumer awareness, and convenient accessibility. The vastly increased use of thickeners in dietary products to optimize product texture and extend shelf life is expected to fuel the market in this country.
Bakery is the most popular application segment for food thickeners, accounting for 25% of the industry in 2020. During the projected timeline, the segment is expected to retain its dominance. Expected to boost the growth for organic and natural baked goods, as well as the tendency toward healthier snacks, are anticipated to drive the market for food thickeners over the forthcoming years.
During the projected period of 2022 to 2032, animal-based food thickeners are forecast to expand at a CAGR of 6%. Eggs, blood albumin, collagen, and gelatin are illustrations of animal-derived products. Eggs are commonly used as a coagulant in cookies, cakes, and candies. It's also used to clean wine.
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,
Some of the leading food thickeners manufacturers include Cargill, Archer Daniels Midland Company, Du Pont, Ingredion Incorporated, Tate & Lyle PLC, Ashland Specialty Ingredients, CP Kelco, TIC Gums, Inc., and others.
These key food thickeners providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global food thickeners market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Market Value in 2022 | US$ 14,324.2 Million |
| Market Value in 2032 | US$ 24,469.6 Million |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Million, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The food thickeners market is expected to be valued at US$ 14,324.2 Million in 2022
As per Future Market Insights, the food thickeners market is likely to reach US$ 24,469.6 Million by 2032
North America is poised to retain its dominance in the food thickeners domain, accumulating 38.5% revenue share in 2022
Bakery items are expected to make major use of food thickeners, accumulating 25% of total revenue
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2016-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Analysis, 2016-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Kg) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2016-2021 and Forecast 2022-2032, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Kg) Analysis By Type, 2016-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Kg) Analysis and Forecast By Type, 2022-2032
5.3.1. Hydrocolloids
5.3.2. Protein
5.3.3. Starch
5.4. Y-o-Y Growth Trend Analysis By Type, 2016-2021
5.5. Absolute $ Opportunity Analysis By Type, 2022-2032
6. Global Market Analysis 2016-2021 and Forecast 2022-2032, By Source
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Kg) Analysis By Source, 2016-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Kg) Analysis and Forecast By Source, 2022-2032
6.3.1. Plant
6.3.2. Animal
6.3.3. Microbial
6.4. Y-o-Y Growth Trend Analysis By Source, 2016-2021
6.5. Absolute $ Opportunity Analysis By Source, 2022-2032
7. Global Market Analysis 2016-2021 and Forecast 2022-2032, By Form
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Kg) Analysis By Form, 2016-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Kg) Analysis and Forecast By Form, 2022-2032
7.3.1. Gel Type
7.3.2. Powder
7.4. Y-o-Y Growth Trend Analysis By Form, 2016-2021
7.5. Absolute $ Opportunity Analysis By Form, 2022-2032
8. Global Market Analysis 2016-2021 and Forecast 2022-2032, By Application
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Mn) & Volume (Kg) Analysis By Application, 2016-2021
8.3. Current and Future Market Size Value (US$ Mn) & Volume (Kg) Analysis and Forecast By Application, 2022-2032
8.3.1. Bakery
8.3.2. Confectionery
8.3.3. Sauces
8.3.4. Dressings
8.3.5. Gravies
8.3.6. Beverages
8.3.7. Dairy & Frozen Products
8.3.8. Convenience & Processed Foods
8.4. Y-o-Y Growth Trend Analysis By Application, 2016-2021
8.5. Absolute $ Opportunity Analysis By Application, 2022-2032
9. Global Market Analysis 2016-2021 and Forecast 2022-2032, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Mn) & Volume (Kg) Analysis By Region, 2016-2021
9.3. Current Market Size Value (US$ Mn) & Volume (Kg) Analysis and Forecast By Region, 2022-2032
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. Asia Pacific
9.3.5. MEA
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2016-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Trend Analysis By Market Taxonomy, 2016-2021
10.2. Market Size Value (US$ Mn) & Volume (Kg) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. U.S.
10.2.1.2. Canada
10.2.2. By Type
10.2.3. By Source
10.2.4. By Form
10.2.5. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Source
10.3.4. By Form
10.3.5. By Application
10.4. Key Takeaways
11. Latin America Market Analysis 2016-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Trend Analysis By Market Taxonomy, 2016-2021
11.2. Market Size Value (US$ Mn) & Volume (Kg) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Type
11.2.3. By Source
11.2.4. By Form
11.2.5. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Source
11.3.4. By Form
11.3.5. By Application
11.4. Key Takeaways
12. Europe Market Analysis 2016-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Trend Analysis By Market Taxonomy, 2016-2021
12.2. Market Size Value (US$ Mn) & Volume (Kg) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. U.K.
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Europe
12.2.2. By Type
12.2.3. By Source
12.2.4. By Form
12.2.5. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Source
12.3.4. By Form
12.3.5. By Application
12.4. Key Takeaways
13. Asia Pacific Market Analysis 2016-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Trend Analysis By Market Taxonomy, 2016-2021
13.2. Market Size Value (US$ Mn) & Volume (Kg) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.1.4. Malaysia
13.2.1.5. Singapore
13.2.1.6. Australia
13.2.1.7. New Zealand
13.2.1.8. Rest of APAC
13.2.2. By Type
13.2.3. By Source
13.2.4. By Form
13.2.5. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Source
13.3.4. By Form
13.3.5. By Application
13.4. Key Takeaways
14. MEA Market Analysis 2016-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Trend Analysis By Market Taxonomy, 2016-2021
14.2. Market Size Value (US$ Mn) & Volume (Kg) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Type
14.2.3. By Source
14.2.4. By Form
14.2.5. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Source
14.3.4. By Form
14.3.5. By Application
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Type
15.1.2.2. By Source
15.1.2.3. By Form
15.1.2.4. By Application
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Type
15.2.2.2. By Source
15.2.2.3. By Form
15.2.2.4. By Application
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Type
15.3.2.2. By Source
15.3.2.3. By Form
15.3.2.4. By Application
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Type
15.4.2.2. By Source
15.4.2.3. By Form
15.4.2.4. By Application
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Type
15.5.2.2. By Source
15.5.2.3. By Form
15.5.2.4. By Application
15.6. U.K.
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2021
15.6.2.1. By Type
15.6.2.2. By Source
15.6.2.3. By Form
15.6.2.4. By Application
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2021
15.7.2.1. By Type
15.7.2.2. By Source
15.7.2.3. By Form
15.7.2.4. By Application
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2021
15.8.2.1. By Type
15.8.2.2. By Source
15.8.2.3. By Form
15.8.2.4. By Application
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2021
15.9.2.1. By Type
15.9.2.2. By Source
15.9.2.3. By Form
15.9.2.4. By Application
15.10. China
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2021
15.10.2.1. By Type
15.10.2.2. By Source
15.10.2.3. By Form
15.10.2.4. By Application
15.11. Japan
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2021
15.11.2.1. By Type
15.11.2.2. By Source
15.11.2.3. By Form
15.11.2.4. By Application
15.12. South Korea
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2021
15.12.2.1. By Type
15.12.2.2. By Source
15.12.2.3. By Form
15.12.2.4. By Application
15.13. Malaysia
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2021
15.13.2.1. By Type
15.13.2.2. By Source
15.13.2.3. By Form
15.13.2.4. By Application
15.14. Singapore
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2021
15.14.2.1. By Type
15.14.2.2. By Source
15.14.2.3. By Form
15.14.2.4. By Application
15.15. Australia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2021
15.15.2.1. By Type
15.15.2.2. By Source
15.15.2.3. By Form
15.15.2.4. By Application
15.16. New Zealand
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2021
15.16.2.1. By Type
15.16.2.2. By Source
15.16.2.3. By Form
15.16.2.4. By Application
15.17. GCC Countries
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2021
15.17.2.1. By Type
15.17.2.2. By Source
15.17.2.3. By Form
15.17.2.4. By Application
15.18. South Africa
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2021
15.18.2.1. By Type
15.18.2.2. By Source
15.18.2.3. By Form
15.18.2.4. By Application
15.19. Israel
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2021
15.19.2.1. By Type
15.19.2.2. By Source
15.19.2.3. By Form
15.19.2.4. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Type
16.3.3. By Source
16.3.4. By Form
16.3.5. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Cargill
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Archer Daniels Midland Company
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Du Pont
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Ingredion Incorporated
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Tate & Lyle PLC
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Ashland Specialty Ingredients
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. CP Kelco
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Nestlé Health Science
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Sigma-Aldrich Co. LLC.
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Kent Precision Foods Group, Inc.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Food Thickeners Market
