Food Thickeners Market by Type, Source and Application : Global Opportunity Analysis and Industry Forecast, 2022–2031

March 2022 •
170 pages •
Report ID: 6269690 •
Format: PDF

Summary
Table of contents

Food Thickeners Market by Type (Starch, Protein, and Hydrocolloid), Source (Plant, Animal, and Microbial) and Application (Bakery; Confectionery; Sauces, Dressings, Marinades, & Gravies; Beverages; Dairy & Frozen Desserts; and Convenience & Processed Food): Global Opportunity Analysis and Industry Forecast, 2022–2031

The global food thickeners market was valued at $13,085.2 million in 2021, and is expected to reach $22,336.8 million by 2031, registering a CAGR of 5.6% from 2022 to 2031.
Food thickeners or thickening agents provide texture, improve stability, and increase suspension of added ingredient to increase the viscosity of aqueous mixture, without modifying its other properties, specifically taste. In food & beverages applications, thickeners are used to give palatability, texture, bulking, and other properties to food products. These are extensively used in a range of food products such as sauces, seasonings, condiments, soups, meat, poultry, snack foods, cereals, and breakfast.
In 2021, Europe was the leading region, in terms of value, owing to the availability of healthy food products developed by food & beverages manufacturers considering consumers’ health. Moreover, consumer demand for healthy and low-fat food boosts growth of the food thickeners marketin Europe.
Factors such as increase in demand for convenience food, rise in disposable income, and the advantages & various functions associated with the use of food thickeners are expected to drive the global market during the forecast period. Further, consumer’s inclination toward healthy food and lifestyle is expected to create a major growth opportunity for the global industry players. However, volatile costand high R&D cost associated with the production of food thickeners may impede the market growth.
Food thickeners or thickening agents are the substances that are added to the mixture or food to increase its viscosity without substantially altering its other properties. It helps to improve the suspension of other ingredients along with increased stability of the product. In food industry, thickeners are used to enhance numerous basic properties of foodstuffs such as, viscosity, texture, density, stability, and flavor. Growth in demand for convenience food, rise in disposable income, and the advantages & various functions associated with the use of food thickeners drive the global market. Furthermore, consumer’s inclination toward healthy food and lifestyle is expected to deliver substantial growth opportunity to the global industry players. However, fluctuating prices of food thickeners along with high R&D cost associated with the production of food thickeners is projected to restrain the growth of the global market.
The food thickeners market is segmented on the basis of type, source, application, and region. On the basis of type, it is divided into starch, protein, and hydrocolloid. On the basis of source, it is classified into plant, animal, and microbial. On the basis of application, it is categorized into bakery; confectionery; sauces, dressings, marinades & gravies; beverages; dairy & frozen desserts; and convenience & processed foods. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
According to the market players, the major obstacle faced by them attributed bythe COVID-19 pandemic were the disruption of the supply chain and restrictions in manufacturing capacity. Moreover, all the supply channels were nearly shut down in the first quarter of the pandemic.

KEY MARKET SEGMENTS
• By Type
o Starch
o Protein
o Hydrocolloid
• By Source
o Plant
o Animal
o Microbial
• By Application
o Bakery
o Confectionery
o Sauces, Dressings, Marinades, & Gravies
o Beverages
o Dairy & Frozen Desserts
o Convenience & Processed Food
• By Region
o North America
U.S.
Canada
Mexico
o Europe
Germany
Spain
UK
Russia
France
Rest of Europe
o Asia-Pacific
China
India
Japan
Australia
Korea
Rest of Asia-Pacific
o LAMEA
Brazil
Turkey
South Africa
Rest of LAMEA

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