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Food Thickener Market - Growth, Trends, and Forecasts (2020 - 2025)
Global Food Thickener Market is segmented by category (natural and synthetic; and by type into hydrocolloids, protein, and starch); by application (bakery & confectionery, dairy-based products, sauces & dressings, beverages, and others); and by geography.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2025
Base Year:
2019
Fastest Growing Market:
North America
Largest Market:
Europe
CAGR:
6.12 %
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Market Overview
The global food thickener market is growing at a CAGR of 6.12% during the forecast period (2020-2025).
- The market is mainly driven by its extensive use in the food and beverage sector such as bakery products, confectionery products, sauces, dressings, beverages, dairy & frozen desserts, and processed food. Also, the added benefits of thickeners, such as multifunctionality, absorption of nutrients, compatibility with other ingredients, low cost, and abundant supply of food thickeners. Furthermore, advancements in the extraction and processing of food thickeners from new natural sources is thus one of the major opportunities for the researchers and the leading players competing in the global market. For instance, in June 2015, researchers at Oregon State University discovered and commercialized a new type of dairy thickener- Ropy 352, which can add probiotic characteristics to the product in which it is used.
- However stringent regulations from regulatory bodies such as Food and Drugs Organization (FDA), the European Commission (EU), the European Food Safety Authority (EFSA), Health Canada, and Food Standards Australia New Zealand (FSANZ) for the use of thickeners are expected to impede the market growth. Also, the fluctuating hydrocolloids price affects the overall food thickeners market heavily. For instance, in October 2011, Danisco announced that the global hydrocolloid price increased by 5% to 15% due to rise in raw material, energy, and logistics costs, which directly affected the overall thickener market.
Scope of the Report
The global food thickener market has been segmented by category into natural and synthetic; and by type into hydrocolloids, protein and starch. The hydrocolloids segment can be further bifurcated into gelatin, xanthan gum, agar, pectin, and others. By application, the market is segmented into bakery & confectionery, dairy-based products, sauces & dressings, beverages, and others. Also, the study provides an analysis of the food thickener market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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| Dairy | |
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| Beverages | |
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Key Market Trends
Rising demand for agar thickening agent in bakery & confectionery products
Demand for thickening agents such as agar has been witnessed with an increasing trend, in the bakery and confectionery industry, due to the ability of agar gels to withstand high temperatures, agar is gaining prominence as a stabilizer and thickener in pie fillings, icings, and meringues. Some agars, especially those extracted from Gracilaria chilensis, are extensively used for confectionery with high sugar content, such as fruit candies. Since agar is tasteless and does not interfere with the flavors of foodstuffs, its usage in food and beverage products rises extensively.
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Europe and Asia-Pacific to drive the global food thickening market
The Europe and Asia-Pacific region holds the highest share in the food thickener market and is estimated to increase at the fastest rate, during the forecast period. The region is driven by the increasing volume consumption of various types of food thickeners. The food & beverage manufacturers are focusing on product innovation, health aspects, and improving functional characteristics of their end-product such as texture, flavor, and other organoleptic properties. Also, rising consumer demand for healthy and low-fat food is further boosting the growth in these regions. Germany dominated the European food thickeners market, and China, Japan, and India in the Asia-Pacific region in 2016, in terms of both value and volume.
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Competitive Landscape
The global market for food thickener is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Category
5.1.1 Natural
5.1.2 Synthetic
5.2 By Type
5.2.1 Hydrocolloids
5.2.1.1 Gelatin
5.2.1.2 Xanthan Gum
5.2.1.3 Agar
5.2.1.4 Pectin
5.2.1.5 Others
5.2.2 Protein
5.2.3 Starch
5.3 By Application
5.3.1 Bakery & Confectionery
5.3.2 Dairy
5.3.3 Sauces & Dressings
5.3.4 Beverages
5.3.5 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Spain
5.4.2.2 United Kingdom
5.4.2.3 Germany
5.4.2.4 France
5.4.2.5 Italy
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 South Africa
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cargill, Incorporated
6.4.2 Archer Daniels Midland Company
6.4.3 Ingredion Incorporated
6.4.4 Kerry Group Plc
6.4.5 DuPont
6.4.6 Darling Ingredients
6.4.7 Tate & Lyle PLC
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
** Subject to Availability
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