The global food thickeners market is expected to reach USD 18.98
billion by 2025, according to a new report by Grand View Research, Inc. Rising
demand for the product in carbonated drinks and flavored beverages, is expected
to drive the market growth over the forecast period.
Archer Daniels Midland
Company, CP Kelco and Cargill Inc., are three major companies involved in
manufacturing and supply of food thickeners internationally. These companies
have tie-ups with farmers and other small scale raw material suppliers to
procure raw material, which is then converted into various flavored food
thickeners. High production volumes, huge product portfolio and wide
distribution network of these players have resulted into their high market
share.
The high-shelf life,
wide availability, and low cost, are the factors which have made starch and its
derivatives, a preferred choice for incorporation in bakery products and
confectionery. Hydrocolloid based thickeners on the other hand have high
stability, thickening, and gelling properties. However, its growth is expected
to be hampered on account of its high price.
Manufacturers indulged
in the industry stock raw materials to eliminate third-party intermediaries,
and to avoid supply shortages. Major players are challenged with raw material
price volatility and investments for product innovation required to survive the
stiff competition in the market. The new entrants need to come up with
significantly improved product quality with competitive pricing in order to
sustain in the industry.
Access Research Report of Food
Thickeners Market @ https://www.grandviewresearch.com/industry-analysis/food-thickeners-market
Further key findings from the report suggest:
· The low cost, high-shelf life and easy
availability of starch resulted in the product dominating the food thickeners
industry with over 42% of the market share in 2016, with the trend expected to
continue over the forecast period
· Rising demand for proteins on account of
the various health benefits such as weight loss, healthy aging, and muscle
building, are anticipated to propel the demand for dairy products
· The changing culinary preferences and the
robust growth of the food & beverage industry in Europe has resulted in the
regional market to ascend at a CAGR of 6.0% over the forecast period
· The food thickeners market in China is
expected to grow at a CAGR of 7.7% over the forecast period, on account of
rapid population growth coupled with the rising demand for baby food products,
sauces, and dairy products in the country
· The major players in the market including
CP Kelko, E. I. du Pont de Nemours and Company, Archer Daniels Midland Company,
and Cargill Inc., dominated the industry in 2016 , accounting over 70% of the
overall market share
Grand View Research has
segmented the global food thickeners market on the basis of product,
application, and region:
Food Thickeners Product Outlook (Revenue, USD Million;
2014 - 2025)
·
Starch
·
Hydrocolloids
·
Proteins
Food Thickeners Application Outlook (Revenue, USD
Million; 2014 - 2025)
·
Bakery
·
Dairy
·
Beverages
·
Confectionery
·
Others
Food Thickeners Regional Outlook (Revenue, USD Million;
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
The Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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