Food Thickening Agents Market Research Report
Global Food
Thickening Agents Market
The GMI Research forecasts that the Food Thickening Agents
Market is witnessing an upsurge in demand over the forecast period. This is
mainly due to their ability to increase the viscosity of a liquid without
altering its properties.
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Introduction of the Food Thickening Agents Market:
A food vending machine is an electronic device that provides
different items, including snacks, candy, and beverages. They are primarily
used in retail sites, public transport hubs, airports, and public places that
offer fast foods and different food products. They are an easy, convenient,
affordable option that helps to raise productivity at workplaces.
Key Players of the Global Food Thickening Agents Market:
·
Cargill, Inc.
·
Archer Daniels Midland Company
·
Ingredion Inc.
·
Tate & Lyle PLC
·
Kerry Group PLC
·
Naturex S.A.
·
Darling Ingredients Inc.
·
Koninklijke DSM N.V.
·
W Hydrocolloids Inc.
·
Acuro Organics Limited
·
AkzoNobel N.V.
·
DowDuPont Inc.
·
Ashland Inc.
·
CP Kelco
·
Nestlé Health Science S.A.
Food Thickening Agents Market Dynamics (including market
size, share, trends, forecast, growth, forecast, and industry analysis)
The expansion in the food retailing infrastructure,
increasing inclinations towards healthy, organic, and nutritious food patterns,
along with the accelerating disposable income are some of the major drivers
contributing to the growth of the global Food
Thickening Agents Market. In addition, the augmenting penetration of smart
vending machines, soaring preference for easily accessible and convenient food
led by the hectic lifestyle of individuals, and the growing working population
coupled with the changing consumer behavior further add to the market share.
Furthermore, other factors such as modification in payment techniques,
augmentation in the retail sector, and the availability of food items with the
aggravating demand for fast food supplement the market growth. However, the
excessive installation, operational, and maintenance costs, like regular
maintenance and appropriate location to lodge food vending machines, hamper the
market growth.
Source Segment Drivers
Based on the Source, the market is segmented into Plant,
Seaweed, Microbial, Animal (Gelatin), and Synthetic. Amongst which,
plant-sourced food is contemplated to account for the highest share during the
forecast period owing to the rising consciousness concerned with the remarkable
quality. In addition to this, the amplifying preference of vegan diet patterns
among the developed economies such as North America will bolster their
consumption, thereby adding to the market demand.
Application Segment Drivers
Based on the Application, bakery and confectionery will
experience a faster CAGR during the forecast period owing to their elevating
demand, such as agar across the globe. Agar gels have the capability to
withstand high temperatures and are used as a stabilizer and thickener in
icings, pie fillings, and meringues. Some of them are extricated from
Gracilaria chilensis, are used in confectionery products having high sugar
content. They are tasteless and do not interfere with the flavors making them
more suitable for the end-users seeking thickeners with no flavor effect.
Regional Drivers
Based on the regional coverage, Asia-Pacific is witnessing a
higher CAGR during the forecast period due to the soaring demand for healthy
and low-fat food products, especially across China, Japan, and India. On the
other hand, Europe is predicted to dominate the market over the coming years
due to the ameliorating consumption of various food thickeners, especially in
Germany. The food & beverage companies mainly emphasize innovation and
intensifying functional features such as introducing new flavors and better
texture.
Food Thickening Agents Market Segmentation:
Segmentation
by Source
·
Plant
o
Guar Gum
o
Gum Arabic
o
Locust Bean Gum
o
Pectin
o
Starches
o
Others
·
Seaweed
o
Carrageenan
o
Agar
o
Alginate
·
Microbial
o
Gellan Gum
o
Curdlan
o
Xanthum Gum
·
Animal (Gelatin)
·
Synthetic
o
Carboxy Methyl Cellulose (CMC)
o
Methyl cellulose
Segmentation
by Application
·
Bakery & Confectionery
·
Meat & Poultry
·
Sauces & Dressings
·
Beverages
·
Dairy Products
·
Others
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI
Research
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