The global plant based thickener market is expected to reach market valuation of USD 3.3 Billion by the year 2021, accelerating with a CAGR of 8.8% by 2022-2032. The global Plant Based Thickener market size is expected to reach USD 7.6 Billion in 2032.
With demand for convenience foods and a heightened awareness of healthy eating, health-conscious lifestyle choices, and the myriad advantages associated with using food thickeners, the industry for food thickeners is expected to grow. The significant growth of the global food and beverage market and the availability of a large customer base are predicted to increase customer awareness over the projected period. Similarly, rising disposable income, as well as changes in consumer behavior due to rapid urbanization, are predicted to have a positive impact on the industry.
Starch, hydrocolloids, and proteins are food thickeners employed in baking as a thickening, stabilizing, and gelling agents. Moreover, increasing prices for kid-friendly nutrition products, protein-rich products, and ready-to-eat snacks will drive product expansion 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.
| Attributes | Key Insights |
|---|---|
| Plant Based Thickener Market Size (2022E) | USD 3.3 Billions |
| Market Projected Size (2032F) | USD 7.6 Billions |
| Value CAGR (2022 to 2032) | 8.8% |
| Top 3 Countries Market Share | 33.2% |
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Plant-based thickener is a food additive that increases viscosity without changing the taste or other qualities of the food. Plant-based thickeners are commonly used to thicken culinary products, including soups, puddings, and other sauces, without altering their flavor. Nonfood-grade thickeners are used in paints, inks, cosmetics, and edible thickeners.
Polysaccharides and proteins are the most often utilized food thickeners. Starches, vegetable gums, and pectin make up the Polysaccharides. Recently, there has been an increase in the demand for vegan foods, necessitating the use of plant-based substances as thickeners.
Plant Based Thickener sales grew at a CAGR of 7.2% between 2017 and 2021. The period marked the entry of various market players and product innovations.
Different forms of plant-based thickeners are called functional additives since they enhance the texture and look of foods while also increasing the nutritional content of the food by substituting high-fat components in a range of dishes. Different forms of functional starches and gums are used in plant-based thickeners, which are used in soups, sauces, salad dressings, and gravies.
Rising trend of using functional food ingredients that positively impact human health, increased demand for vegan ingredients due to people's growing preference for vegan food, increased demand for an improved and smooth mouth feel in food products and rising preference for natural food ingredients.
Plant-based thickeners are also utilized for a range of culinary purposes. For example, agar is used as vegetarian gelatin since it can be used to replace gelatin in various food items and has stronger setting characteristics than gelatin.
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Rising Sales of Plant-Based Food Products to Spur the Demand in the Market
The USA is one of the largest markets for plant based thickener sales. North America is expected to hold lion’s share of 35%. In the next years, plant-based thickeners are predicted to increase at an exponential rate in the North America area.
Growth in the USA is underpinned by rising consumption of plant-based products. Further, growing demand for vegan food products is expected to boost the production of plant-based thickener. On the back of this, key players are eyeing the USA market to capitalize on rising veganism trend.
Europe Plant Based Thickener Market to Gain from Growing Consumption of Plant based Thickener
Due to the growing vegan population in Europe, the market for plant-based thickeners is poised to expand at a steady pace over the forecast period. One of the primary supply-side drivers driving market expansion is meeting the increased demand for goods that do not include animal extracts.
Plant based products are the alternative choice for meat consumers for their dose of protein. People in Europe are adopting vegan diet, boosting the market. Plant based products have major advantages over its counterpart, synthetic or animal based-products, which is driving the demand in the market.
A significant increase in urban consumption has resulted in increased demand for processed foods. As a result, allied substances such as plant-based food thickening agents have become more popular.
Because there are no close equivalents for food thickening agents, per ton increases in bread and confectionery production, sausages, dressings, and soups are directly increasing demand for food thickening agents. Processed food makers, on the other hand, are concentrating on making their goods more useful.
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Introducing new product variations, acquiring smaller market competitors, and raising awareness about the advantages of plant-based thickeners through different promotional activities and programs are some of the main drivers driving market expansion in the near future.
Plant-based thickener manufacturing might benefit from the right sort of plantation, as well as the necessary technology and know-how to extract gum and starch from plants in various parts of the world.
Plant Based Thickeners: The Perfect Alternative to Animal Based Thickeners by Emsland Group, Cargill, and Ingredion Incorporated
Plant-based thickener is a food additive that increases viscosity without affecting flavor or other qualities. Plant-based thickeners typically thicken culinary products such as soups, puddings, and other sauces without altering their taste. Aside from edible thickeners, nonfood grade thickeners are utilized in paints, inks, and cosmetics.
Plant-based thickeners comprise various functional starches and gums utilized in soups, sauces, salad dressings, gravies, and other applications.
The Emsland Group is a multinational corporation that creates novel solutions for food processing using raw vegetable ingredients.
Emsland Group products are used in a wide range of food-related applications. The company also provide a diverse selection of dried potato goods in the retail food industry under the Mecklenburger Küche brand. The Emsland Group provides clients with bespoke product solutions in adhesives, flocking agents, construction additives, textile applications, and filter materials. The company uses high-quality products are utilized in high-quality home and farm animal feed.
In May 2020, JUST, a firm that uses cutting-edge science and technology to develop healthier, more sustainable meals, announced a collaboration with Emsland Group, a global leader in generating raw materials from vegetables, to expand its protein processing capacity. This collaboration will offer the volume required to address the rising worldwide demand for the award-winning plant-based product known as JUST Egg in the United States.
Another Key player, Cargill, Inc., is a privately held American multinational food conglomerate headquartered in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Cargill's major businesses include trading, purchasing, and distributing grain and other agricultural commodities such as palm oil; trading in energy, steel, and transportation; livestock raising and feed production; and the production of food ingredients such as starch and glucose syrup, vegetable oils, and fats for use in processed foods and industrial applications.
In June 2022, Cargill stated on June 23 that it had signed a binding deal to purchase Austrian-based Delacon, a global leader in plant-based phytogenic additives, as demand for plant-based feed additives grows.
Similarly, In March 2019, Cargill acquired Smet, a Belgian supplier of chocolate and sweets decorations. This acquisition will likely expand the company's investments in food-thickening agents.
Furthermore, In February 2019, Cargill, a retail food and foodservice enterprise, may now grab their portion of the increasing plant-based protein industry under their brands. The worldwide food and agribusiness corporation said its new private-label plant-based patties and ground goods would be available in supermarkets and restaurants.
Ingredion Incorporated also mark its footprints by offering plant-based thickeners. Ingredion Incorporated is a global American ingredient provider located in Westchester, Illinois, that primarily manufactures starches, non-GMO sweeteners, stevia, and pea protein. Corn, tapioca, potatoes, plant-based stevia, cereals, fruits, gums, and other vegetables are processed into ingredients for the food, beverage, brewing, and pharmaceutical industries, as well as many other industrial sectors.
In March 2019, Ingredion Inc. recently acquired Western Polymer, a potato starch company headquartered in the U. S. Western polymer is the major provider of cationic potato starch.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022E) | USD 3.3 Billions |
| Market Projected Size (2032F) | USD 7.6 Billions |
| Value CAGR (2022 to 2032) | 8.8% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Mt for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | USA, Brazil, Mexico, Germany, UK, China, India, Japan, Australia, and GCC Countries |
| Key Segments Covered | Type, Application, and Region |
| Key Companies Profiled | Emsland Starke GmbH; Tate & Lyle; Cargill; Ingredion; Novidon; Sudstarke GmbH; Avebe; Agrana; Tereos |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The Plant Based Thickener market will reach nearly USD 3.3 Billion by 2022.
The North America Plant Based Thickener market is expected to register 8.8% CAGR between 2022 and 2032.
The demand for Plant Based Thickener is expected to grow at 7.2% CAGR between 2022 and 2032.
This business is predicted to be driven by rising health consciousness and changes in population lifestyles around the world. To gain competitive edge, the market players are likely to focus on expanding their production facilities.
The China Plant Based Thickener market will grow at 8.9% CAGR between 2022 and 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Plant Based Thickener Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Plant Based Thickener Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 5.1. Jams & Marmalades 5.2. Baked Goods 5.3. Yogurt 5.4. Seasoning 5.5. Cheese Cream 5.6. Canned Soups & Sauces 6. Global Plant Based Thickener Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Nature 6.1. Organic 6.2. Conventional 7. Global Plant Based Thickener Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. MEA 8. North America Plant Based Thickener Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Plant Based Thickener Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Plant Based Thickener Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. East Asia Plant Based Thickener Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia Plant Based Thickener Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Oceania Plant Based Thickener Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. MEA Plant Based Thickener Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Plant Based Thickener Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Emsland Starke GmbH 17.2. Tate & Lyle 17.3. Cargill 17.4. Ingredion 17.5. Novidon 17.6. Sudstarke GmbH 17.7. Avebe 17.8. Agrana 17.9. Tereos 18. Assumptions & Acronyms Used 19. Research Methodology
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Plant Based Thickener Market
