Global Food Thickeners Market was valued at US$ 10.97 Bn in 2019 and is expected to reach US$ 16.67 Bn by 2027, at a CAGR of 5.37% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Based on product type, protein segment is projected to fuel the global food thickeners market in the forecast period as the growing popularity of protein food & beverages among consumers across the globe. Increased awareness regarding the benefits of consuming protein among the population globally. On the basis of application, the convenience segment is expected to propel the global food thickeners market growth in the forecast period as increased consumption of convenience food among youth globally.
Growing demand for convenience and packaged food among consumers across the globe, which is expected to propel the global food thickeners market during the forecast period. Increased innovations in products such as flavor and texture are surging the global food thickeners market growth. In addition, increased investments in R&D by key players across the globe are expected to fuel the global food thickeners market growth during the forecast period.
Consumer’s preference shifting toward the healthy diet and healthier lifestyles across the globe is boosting the global food thickeners market growth in a positive way. In addition, rapid urbanization coupled with an increased disposable income of middle-class population in emerging economies such as India and China is booming the demand of food thickeners. However, fluctuation in prices of food thickeners and high R&D cost associated with their production, which is estimated to restrain the global food thickeners market growth in the forecast period.
In terms of region, the Asia-Pacific is expected to drive the global food thickeners market during the forecast period as growing consumption of food thickeners and availability of food thickeners in various varieties. Food & beverages manufacturers are focusing on health aspects, product innovation, and improving the functional features such as flavor and texture which are boosting the global food thickeners market growth in a positive way in this region. North America is estimated to generate highest CAGR in the global food thickeners market during the forecast period owing to high consumption of protein, hydrocolloids, starch & starch derivatives range of food & beverages in this region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Food Thickeners Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Food Thickeners Market.
Scope of the Report Food Thickeners Market
Global Food Thickeners Market, by Source
Plant
Animal
Microbial
Global Food Thickeners Market, by Product Type
Hydrocolloids
Protein
Starch
Global Food Thickeners Market, by Application
Bakery
Confectionery
Sauces
Beverages
Convenience Foods
Others
Global Food Thickeners Market, by Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
Key Players Operating in Global Food Thickeners Market
Archer Daniels Midland Company
Cargill, Inc.
E. I. DuPont de Nemours and Company
Ingredion Incorporated
Kerry Group Plc.
CP Kelco
Darling Ingredients
Tate & Lyle PLC.
Ashland Specialty Ingredients
TIC Gums
Fuerst Day Lawson
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