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.
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Factors Affecting the Growth of the Food Thickeners Industry:
- Growing Focus on Health and Natural Ingredients:
The food thickeners market is growing as more people focus on health and prefer natural ingredients. Many consumers are choosing natural thickeners like guar gum, xanthan gum, and tapioca starch instead of synthetic ones. These natural options are seen as healthier and fit the trend of clean label products, which focus on simple and transparent ingredients. Gluten-free and vegan diets are also boosting the demand for natural thickeners that suit specific dietary needs. By 2024, this focus on health and natural ingredients is expected to drive strong market growth.
- Growth of the Food and Beverage Industry:
The expanding food and beverage industry, especially in growing economies, is also driving the food thickeners market. As cities grow and people have more disposable income, there is higher demand for convenience foods, ready-to-eat meals, and processed products, all of which use thickeners for texture and consistency. Popular food trends like plant-based diets and international cuisines are also increasing the need for new types of thickeners. Manufacturers are creating thickeners for a wide range of uses, such as sauces, desserts, and dairy products. By 2024, this industry growth and changing food preferences will greatly boost the market.
- Advances in Food Processing Technology:
New technology in food processing is improving the food thickeners market. Better methods for making thickeners, like enzymatic and fermentation techniques, are creating products with better stability and control. These advancements help meet the growing demand for clean label products with fewer and simpler ingredients. Manufacturers are also investing in research to make high-performing thickeners that fit into healthier, more natural foods. By 2024, new technologies in food processing will lead to innovative thickeners that improve the quality of many food products.
We explore the factors driving the growth of the market, including technological advancements, consumer behaviors, and regulatory changes, along with emerging food thickeners market trends.
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 food thickeners market is following key trends that match changing consumer needs. One trend is the addition of health benefits to thickeners, like extra fiber or support for gut health. By 2024, more people will want thickeners that improve texture and add nutrition. Another trend is the push for clean label products, which use simple, recognizable ingredients. This has led manufacturers to change their products to match consumer expectations. Online shopping is also growing, making it easier for people to find and buy a variety of food thickeners. These trends show a market focused on innovation, health, and consumer needs, ensuring strong growth ahead.
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