What is Food Thickening Agents Market Scope?
This growth in demand for food thickeners is spearheaded by the growing applicability of the product in food and beverage application along with rising consumer awareness regarding health and wellness. Food Thickening Agents is a thickening agent mainly used to increase the viscosity level of the liquids without changing the properties of the food. Food Thickening Agents are often used to thicken different products such as soups, sauces, puddings, dairy products, and fruit beverages. The thickening agent absorbs the fluid and instantly adds a creamy and flavorful texture to the food product. It also improves the suspension of the ingredients, which increases the stability of the product.
The Food Thickening Agents market study is being classified by Type (Hydrocolloids, Protein and Starch), by Application (Bakery, Confectionery, Sauces, Marinades & Gravies, Beverages, Dairy and Convenience Foods) and major geographies with country level break-up. According to AMA, the Global Food Thickening Agents market is expected to see growth rate of 9.2%
The industry is highly competitive owing to the magnitude of the food industry and the increasing demand for emulsifiers, gelling agents, and texturants. Moreover, key players in food thickeners market face strong competition from small-sized and local players as they offer cheap and customized products according to the need of buyers. These players have high penetration in specific areas, but irregular demand poses a challenge to small players. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Food Thickening Agents market throughout the predicted period.
Cargill (United States), Archer Daniels Midland Company (United States), E. I. Du Pont De Nemours and Company (United States), Ingredion Incorporated (United States), Kerry Group Plc (Ireland), Darling ingredients (United States), Tate & Lyle PLC (United Kingdom), Ashland Specialty Ingredients (United States), CP Kelco (United States), TIC Gums (United States) and Fuerst Day Lawson (United Kingdom) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Food Thickening Agents market by Type, Application and Region.
On the basis of geography, the market of Food Thickening Agents has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2019.
Market Influencers and their development strategies
In 2019, Ashland launched an efficient thickening and anti-sagging agent for use in inorganic zinc-rich primers. Klucel MS HPC is the on-ionic water-soluble cellulose ether with versatile properties.
In 2018, Tate & Lyle PLC expanded its line of instant starches by introducing three new thickeners and film formers which are suitable for a variety of applications.
the stringent regulation from several regulatory bodies such as the 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 restricted usage of thickeners
Influencing Market Trend
- The growing consumer awareness regarding the remarkable benefits offered by thickeners such as absorption of nutrients, highly cost-effective, and compatibility with other ingredients
- The extensive usage of thickening agents in the food & beverage sector
- The continuous product innovation
- The increasing demand for food products with good taste and mouthfeel is encouraging food processing companies to develop innovative food products with improved taste and quality
- The Stringent government regulations
- Highly competitive market
Key Target Audience
Organizations, forums, and alliances, Government bodies such as regulating authorities and policymakers and Market research and consulting firms
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Frequently Asked Questions (FAQ):1. At what growth rate would the Food Thickening Agents market expands?
The Global Food Thickening Agents market is expected to see a growth of 9.2% during projected year 2019 to 2026.2. Who are the prominent players of the Global Food Thickening Agents market?
The prominent players of Global Food Thickening Agents market are Cargill (United States), Archer Daniels Midland Company (United States), E. I. Du Pont De Nemours and Company (United States), Ingredion Incorporated (United States), Kerry Group Plc (Ireland), Darling ingredients (United States), Tate & Lyle PLC (United Kingdom), Ashland Specialty Ingredients (United States), CP Kelco (United States), TIC Gums (United States) and Fuerst Day Lawson (United Kingdom), to name a few.3. What are the top priorities to focus for Food Thickening Agents marketís growth?
In this highly competitive & fast evolving Food Thickening Agents industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.