Food Thickening Agents Market – Global Opportunities & Forecast, 2020-2027
Food Thickening Agents Market
The Food Thickening Agents Market size is expected to value USD 20552 Million by 2027, growing at a CAGR of 5.4% during the coming years. With the changing consumer choice and shift towards convenience food, the demand for ready to products has increased.
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Food Thickening Agents Market Dynamics
The major factor complementing the growth of the global Food Thickening Agents Market includes the growing awareness offered by thickeners, such as better nutrient absorption, cost-efficiency, easy availability across different distribution channels, and compatibility. The growing demand for food products with delectable taste has encouraged the food processing companies to introduce food products with better taste and quality. Several leading players are focussing on the innovation of advanced extrication process from natural sources. Further, the ongoing product innovation. Food thickening agents are extensively used across food & beverage sector, such as dressings, bakery items, deserts, confectionary, processes food, and frozen desserts will strengthen the food thickening agents market growth.
The growing prevalence of dysphagia, a disease connected with difficulties in swallowing food, among the older people has encouraged the usage of food thickening agents to ease the swallowing process. For Instance, Nestle Health introduced an innovative food thickening agent, primarily designed for dysphagia patients. This agent thickens the food without affecting the taste and odor of the food product. On the other hand, the food thickening agents market report projects that the strict norms from several managerial 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 confined use of thickeners will hinder the market growth.
Source Segment Analysis
Based on the Source, the Plant-sourced food thickening agents are projected to lead the market because of the increasing consumer awareness about the plant-based products and their exceptional benefits. In addition to this, the growing drift towards veganism among the developed economies, including North America, will encourage the consumption of plant-based thickener, thereby fuelling the Food Thickening Agents Market opportunities.
Market Segmentation
Food Thickening Agents Market by Source
- Plant
- Guar Gum
- Gum Arabic
- Locust Bean Gum
- Pectin
- Starches
- Others
- Seaweed
- Carrageenan
- Agar
- Alginate
- Microbial
- Gellan Gum
- Curdlan
- Xanthum Gum
- Animal (Gelatin)
- Synthetic
- Carboxy Methyl Cellulose (CMC)
- Methyl cellulose
Food Thickening Agents Market by Application
- Bakery & Confectionery
- Meat & Poultry
- Sauces & Dressings
- Beverages
- Dairy Products
- Others
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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