According to a new market report published by Lucintel, the future of the food thickener market looks promising with opportunities in confectionery, dressings, beverages, convenience & processed foods, bakery, sauces, gravies, dairy, and frozen products. The global food thickener market is expected to grow with a CAGR of 6% from 2020 to 2025. The major drivers for this market are low cost & abundant supply of food thickners, growing demand for precessed food, and consumer awareness of healthy diet.
Food thickeners are substances which can increase the viscosity of a liquid without substantially changing their other properties. In this market, protein, hydrocolloids, and starch are the major types of food thickener. Lucintel forecasts that starch will remain the largest type segment over the forecast period, as it costs lower than other food thickeners, and it also has optimum functionality.
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Within this market, dairy & frozen desserts will remain the largest application segment over the forecast period due to the wide usage of food thickeners not only for thickening but also for other functional purposes, such as flavor and texture enhancement in products. The beverage segment is projected to witness the fastest growth during the forecast period due to a number of innovations in the beverage sector, coupled with additional properties of food thickeners, such as fat replacement, water binding, emulsifying, and texturizing.
North America will remain the largest region over the forecast period due to high consumption of hydrocolloids, proteins, and starch & starch derivatives in a diverse range of food & beverage applications in this region.
Cargill, Archer Daniels Midland Company, DuPont De Nemours, Tate & Lyle, CP Kelco, Kerry, Ingredion, Ashland, TIC Gums, FDL, Naturex, Medline Industries, and Darling Ingredients are among the major suppliers in the global food thickener market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global food thickener market by source, type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Food Thickener Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global food thickener market by source, type, application, and region as follows:
By Source [Value ($ Million) shipment analysis for 2014 – 2025]:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Protein
Hydrocolloids
Starch
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Confectionery
Dressings
Beverages
Convenience & Processed Foods
Bakery
Sauces
Gravies
Dairy
Frozen Products
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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