Food and beverage industry has been undergoing through a phase of innovation with the ongoing demand for flavorful and healthy ingredients arising from the consumers. Convergence of technology with the food and beverage industry has encouraged the manufacturers to develop solutions that are cost-effective and high in quality, thereby enhancing the desirability of their products. Food thickener is one such innovation in the food and beverages industry which act as an additive to work on the viscosity and density of food products without substantially altering their inherent properties.
Prevalence of obesity, diabetes, and several other health issues that expedite mortality have been causing a drift among the consumers towards healthy food products such as sauces, soups, and salads. With the rising application of these additives in dairy products, meat and poultry, and beverages to ensure the required density of the food products, the food thickening agents market is anticipated to grow at a consistent pace during the predicted timeframe.
Food thickening agents gain a center stage as the affinity of the consumers towards convenient food and packaged food increases with the rise in their hectic schedules. However, stringent mandates legislated by the government opposing the use of chemical food additives is projected to act as a growth deterrent for the food thickening agents market.
Growth of Food Thickening Agents to Remain Steady With the Rising Geriatric Population
Increasing number of geriatric population in conjunction with the prevalence of dysphagia has been propelling the demand for fluids and easily swallowed meals. Consequently, food thickening agents have been gaining popularity among aging adults, on account of their property to considerably slowdown the transition of fluids and food and offer ample time to the swallowing process.
Food thickening agents have also been an important inclusion in the diet of people suffering from medical conditions, wherein they lose their ability to chew their food. These additives aid the preparation of foods of varying consistency, which is anticipated to drive promising sales opportunity for food thickening agents.
Prevalence of Obesity to Hold Consistent Sales Prospects for Food Thickening Agents
Increasing popularity of food thickening agents can be attributed to their surging demand arising from obese and diabetic demographics. With health being the ‘priority’ for individuals, a notable shift of consumers from fat-bearing products to food thickening agents have been witnessed. Thickening agents such as starches and gums are gaining significant traction as fat replacers with their calorie replacing capabilities, which have in turn amplified the consumption of these products and influenced the growth of the food thickening agents market in particular.
North America to Account for a Sizeable Share of the Food Thickening Agents Market
A significant share of the food thickening agents market can be attributed to the rising adoption of these additives in the bakery and confectionery products. Rising health consciousness among the consumers of North America has inclined them towards gluten-free products, which have further generated a demand for gluten-free bakery items. Consequently, food thickening agents are finding extensive applications in the preparation of bakery goods and confectionery, which is anticipated to uphold the growth of the food thickening agents market in this region. High concentration of significant players striving to enhance the desirability of food thickeners is likely to reflect positively on the food thickening agents market during the forecast period.
Food Innovation – A Key Strategy for Survival in the Food Thickening Agents Market
Burgeoning demand for innovative food products coupled with the rising R&D activities, and the development of relatively cheaper thickening agents with enhanced properties are the key strategies employed by the manufacturers of food thickeners. The food thickening agents market sports a number of significant partakers, which include Eurodana Food Ingredients, Deosen USA Inc., Arthur Branwell Co. Ltd., W. Hydrocolloids, Darling Ingredients, Acuro Organics Limited, Naturex S.A., Nestle Lifesciences, Koninklijke DSM N.V., Fuerst Day Lawson, Kerry Group Plc., Akzo Nobel N.V., CO Kelco., Ashland Group Holdings, Tate and Lyle, Ingredion, Du Pont, Archer Daniels Midland Company, TIC Gums, DowDuPont Inc., Jungbunzlauer, E.I. du Pont de Nemours and Company, and Cargill Inc.
Food Thickening Agents Market - Report Description
Persistence Market Research (PMR) recently published a new report on food thickening agents market that lends an incisive view on the factors driving the growth of the market. The comprehensive report offers precise analysis and prediction of food thickening agents market. It offers historical data for the period 2013-2018 and a forecast for the period 2018-2028. The market has been estimated in terms of volume (MT) and revenue (US$ Mn).
Several macroeconomic and microeconomic market indicators have also been studied in this report, which offers a detailed outlook on the food thickening agents market during the predicted timeframe. The report also comprises of drivers, restraints, threats, and opportunities that have a notable impact on the size of the market.
Trends and novel developments associated with the market have also been discussed in this report. This detailed study on food thickening agents market includes value chain analysis that offers insight-rich information on various strategies employed by the key players functioning in the food thickening agents market. This offers a competitive edge to the stakeholders of the market. All the values present in the report have been estimated based on the current value of the currency.
Food Thickening Agents Market – Executive Summary
This exhaustive report on the food thickening agents market begins with a detailed market overview and analysis. The subsequent section of the report offers actionable intelligence based on the recommendations of seasoned analysts of Persistence Market Research (PMR).
A complete chapter discussing important market definitions and taxonomy has been included in the report, which forms the basis of the analysis. The forecast factors included in this comprehensive study is based on the relevance and their impact on the food thickening agents market growth. This section of the report offers estimation on the year-over-year growth and an analysis of the absolute dollar opportunity present in the food thickening agents market.
With an aim to offer realistic stats and precise data pertaining to the food thickening agents market, a detailed pricing analysis has been discussed in the report based on the regions – North America, the Middle East and Africa, Latin America, Asia Pacific Excluding Japan, Western Europe, Japan, and Eastern Europe.
Food Thickening Agents Market – Segmentation
The following section of the report studies the significant segments of the market that contribute to the growth of food thickening agents market. The food thickening agents market can be bifurcated on the basis of application, source, and region. Depending on the source, the food thickening agents market has been classified into plant, seaweed, microbial, animal, and synthetic. Depending on the application, the food thickening agents market is classified into bakery and confectionery, dairy products, meat and poultry, beverages, sauces and dressings, and other applications. All the significant division of the market have been thoroughly studied to understand the current and the future scope of food thickening agents market.
Food Thickening Agents Market – Competition Analysis
The food thickening agents market sports a number of significant players, which include Eurodana Food Ingredients, Deosen USA Inc., Arthur Branwell Co. Ltd., W. Hydrocolloids, Darling Ingredients, Acuro Organics Limited, Naturex S.A., Nestle Lifesciences, Koninklijke DSM N.V., Fuerst Day Lawson, Kerry Group Plc., Akzo Nobel N.V., CO Kelco, Ashland Group Holdings, Tate and Lyle, Ingredion, Du Pont, Archer Daniels Midland Company, TIC Gums, DowDuPont Inc., Jungbunzlauer, E.I du Pont de Nemours and Company, and Cargill Inc. The report offers a complete overview for each of these market players functioning in the food thickening agents market, along with SWOT analysis, financials of the companies, and product launches.
Food Thickening Agents Market – Research Methodology
A large number of primary and secondary sources have been consulted to obtain precise of the information for the growth of food thickening agents market. The secondary sources such as Hoovers and Factiva along with the publications and the annual reports_bk_01_01_2020 of the company have been studied to cull valuable data and insights into the food thickening agents market.