The global food thickener agents market is anticipated to grow favourable at a CAGR of 5.4 % over the forecast period (2024-2031). The major drivers, that are responsible for the growth of the global food thicknener market, in the coming year includes-
Adaption of western culture – The developing countries such as India, and China are rapidly adopting the western culture, especially packaged food which is majorly consumed by European and North-American countries.
Patients who can’t swallow the solid food- The patients who can’t swallow the solid food, the food thickener helps in mitigating the swallowing problem by thickening. As food thickener agents used to increase the viscosity of the food without changing its taste and property.
Increasing demand of gellies among adult population- Increasing prevalence of jelling products among aduts results in increasing use of food thickener in desserts, candies and jellies. As food thickener ise predominantly used in making puddings, sauces, and soup.
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Further, major acquisition of the company will boost the growth of the market. For instance, in February 2022, Nestle Health Science has acquired Orgain, with this acquisition both the company develop innovative products that make consumers life more real, through Nestle Health Science resources and dedication to nutrition, increased the reach to more people across the globe. In November 2021, CP Kelco launched KELCOGEL DFA, gellan gum, a sinlge ingredient, useful for dairy alternative beverages,and a desired suspension and mouthfeel gellan gum. This innovation deliver a simple product label and potentially reduced the total cost of the company. In March 2021, Ingredion announced a new addition to its portfolio, ULTRA-TEX 1311. ULTR-TEX 1311, potato starch is used in wide variety to create indulgent textures, improve stability, and replace oil in the food products. Moreover, this starch exhibits a higher viscosity, water holding capacity. Ideal application of the starch includes, dairy dessrts, bakery, sauces, and other.
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Market Coverage
- Segment Covered- by type , by form , by application
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Archer Daniels Midland Co., Danone S.A., DuPont De Nemours Inc., Hormel Foods Corp., Simply Thick LLC., Ashland Global Holdings Inc., Chimique Ltd., and others.
- Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Food Thickener Agents Market– Segmentation
By Type
- Hydrocolloids
- Protein
- Starch
- Others
By Form
- Powder
- Granules
- Gel
- Others
By Application
- Baking
- Beverage and Confectionary
- Others
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