Food Thickeners Market Expected to Reach 15.80 Billion USD by 2022
The report “Food Thickeners Market by Type (Hydrocolloids, Protein, Starch), Source (Plant, Animal, Microbial), Application (Bakery, Confectionery, Sauces, Marinades & Gravies, Beverages, Dairy, Convenience Foods), and Region – Global Forecast to 2022″, The food thickeners market is projected to reach USD 15.80 Billion by 2022, at a CAGR of 5.95% from 2016 to 2022. The market is driven by factors such as growth in demand for convenience foods, consumer awareness toward healthy diet, and multiple functionalities and advantages associated with the use of food thickeners.
Browse 91 market data tables and 48 figures spread through 171 pages and in-depth TOC on “Food Thickeners Market – Global Forecast to 2022″
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The starch segment, by type, accounted for the largest share in the food thickeners market in 2015
Based on type, the market for starch was the largest in 2015 and is also projected to be the fastest-growing. Factors that are largely driving the consumption of starch as food thickeners are their easy availability and abundant supply across regions, optimum functionality, and relatively lower price in comparison to other food thickeners. They are also preferred because they do not negatively impact the organoleptic properties of food.
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Plant sourced food thickeners is projected to be the fastest-growing segment by 2022
The market for plant-sourced food thickeners in the food thickeners market is projected to be the fastest-growing from 2016 to 2022. The high demand for plant-sourced food thickeners is mainly due to the four factors—cost effectiveness of plant source, abundant supply & ready availability with a large number of suppliers, nutritional value at par with other sources, and greater level of acceptance by both, vegan and non-vegan populations.
The dairy & frozen desserts segment is projected to be the largest market by 2022
The food thickeners market, by application, was dominated by the dairy & frozen desserts segment in 2015. This is due to the wide usage of food thickeners such as hydrocolloids, starch, and proteins, for thickening as well as for other functional purposes such as flavor and texture enhancement in products.
Asia-Pacific is projected to be the fastest-growing market for food thickeners during the forecast period
The food thickeners market in the Asia-Pacific region is driven by the growing volume consumption of various types of food thickeners, as food & beverage manufacturers focus on product innovation, health aspects, and improving functional characteristics such as texture, flavor, and other organoleptic properties of their products.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Cargill (U.S.), Archer Daniels Midland Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Ingredion Incorporated (U.S.), and Kerry Group Plc (Ireland). Other players that are active in the industry are Darling Ingredients (U.S.), Tate & Lyle PLC (U.K.), Ashland Specialty Ingredients (U.S.), CP Kelco (U.S.), TIC Gums (U.S.), and Fuerst Day Lawson (U.K.).
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