Food Thickening Agents Market
Food Thickening Agents Market size is Expected to reach USD 20552 million by 2027, Growing at a CAGR of 5.4% during 2020-2027.
The factors driving the growth of Food Thickening Agents Market the growth of Food Thickening Agents Market includes growing demand for convenience food products around the world, rising consumer inclination towards adopting healthy lifestyles and increasing use of food thickeners while preparing dressings, marinades & gravies, and sauces. According to the report published by Statista, the revenue generated from the sales of convenience food products in India is predicted to reach USD 57.56 by the end of 2022, expanding at a CAGR of 9.55% over the forecast period (2022-2027), which will accelerate the market growth in the approaching years. Moreover, favorable Government regulations regarding the manufacturing of food products, introduction of innovative food items and growing adoption of advanced technologies by manufacturers, are some of the additional factors supplementing the market growth. In addition, rise in the number of bakeries, increasing investments by leading players on research and development, growing geriatric population and rapid urbanization, are further contributing to the market growth.
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However, the growth of Food Thickening Agents Market is hindered due to variations in the prices of raw materials.
Based on Type, the Starch segment held the highest market share in 2015 and is predicted to grow at fastest rate during the forecast period
Starch is comparatively less expensive than other food thickeners and are easily available across regions, are some of the factors responsible for the segment’s growth.
Based on Application, the Dairy & frozen desserts segment captured the largest market share in 2015
Increasing use of food thickeners such as starch and hydrocolloids for enhancing the flavor and texture in frozen desert products, is propelling the segment’s growth.
Based on Region, the North American region is anticipated to dominate the market over the forecast period
As per the Global Food Thickening Agents market Report, growing demand for low fat food products, innovations in the food and beverage industry, rise in the number of supermarkets and online stores, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North America.
Market Segmentation
Food Thickening Agents Market by Type
- Hydrocolloids
- Protein
- Starch
Food Thickening Agents by Source
- Plant
- Animal
- Microbial
Food Thickening Agents by Application
- Bakery
- Confectionery
- Sauces, dressings, marinades, and gravies
- Beverages
- Dairy & frozen deserts
- Convenience & processed foods
Food Thickening Agents Market by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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