Food Thickeners Market was valued at $10,520 million in 2016, and is estimated to reach $15,150 million by 2023, registering a CAGR of 5.2% from 2017 to 2023. In 2016, the starch segment accounted for more than two-thirds share of the global market.
Food thickeners are used in the food industry to enhance several basic properties of food products such as viscosity, texture, stability, taste, and flavor. Moreover, these substances enhance the appearance of foodstuffs and can replace high fat oils and creams in numerous recipes. These are used in a wide range of application to improve texture, food structure, mouth feel, and shelf-life.
Rise in demand for convenience & processed food and consumer inclination towards dietary meals favor the market growth. Further, rise in health consciousness among individuals is expected to deliver a substantial growth opportunity to the global industry players. However, variation in prices and surging R&D costs associated with the production of food thickeners may impede the market growth.
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- This report provides an extensive analysis of the current and emerging market trends and dynamics of the global food thickeners market.
- The market trend analysis for all the regions is conducted by constructing estimations for key segments between 2017 and 2023 to identify the prevailing opportunities.
- The report assists to understand the strategies adopted by the leading companies in the industry.
- This study evaluates the competitive landscape of this industry to understand the market scenario globally.
- Extensive analysis is conducted by following key player positioning and monitoring the top competitors within the global market.
Food Thickeners Market Key Segments:
- Sauces, Dressings, Marinades, & Gravies
- Dairy & Frozen Desserts
- Convenience & Processed Food
- North America
The key companies profiled in the report are Archer Daniels Midland Company, Cargill, Inc., E. I. DuPont de Nemours and Company, Ingredion Incorporated, Kerry Group Plc., CP Kelco, Darling Ingredients, Tate & Lyle PLC., Ashland Specialty Ingredients, and TIC Gums.
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