San Francisco, Oct 22 The
global food
thickeners market is expected to reach USD 18.98 billion by 2025,
according to a new report by Grand View Research, Inc. Rising demand for the
product in carbonated drinks and flavored beverages, is expected to drive the
market growth over the forecast period.
Archer
Daniels Midland Company, CP Kelco and Cargill Inc., are three major companies
involved in manufacturing and supply of food thickeners internationally. These
companies have tie-ups with farmers and other small scale raw material
suppliers to procure raw material, which is then converted into various
flavored food thickeners. High production volumes, huge product portfolio and
wide distribution network of these players have resulted into their high market
share.
The
high-shelf life, wide availability, and low cost, are the factors which have
made starch and its derivatives, a preferred choice for incorporation in bakery
products and confectionery. Hydrocolloid based thickeners on the other hand
have high stability, thickening, and gelling properties. However, its growth is
expected to be hampered on account of its high price.
Manufacturers
indulged in the industry stock raw materials to eliminate third-party
intermediaries, and to avoid supply shortages. Major players are challenged
with raw material price volatility and investments for product innovation
required to survive the stiff competition in the market. The new entrants need
to come up with significantly improved product quality with competitive pricing
in order to sustain in the industry.
Browse full research report on Food Thickeners Market:
www.grandviewresearch.com/industry-analysis/food-thickeners-market
Further key findings from the report suggest:
- The low cost,
high-shelf life and easy availability of starch resulted in the product
dominating the food thickeners industry with over 42% of the market share
in 2016, with the trend expected to continue over the forecast period
- Rising demand
for proteins on account of the various health benefits such as weight
loss, healthy aging, and muscle building, are anticipated to propel the
demand for dairy products
- The changing
culinary preferences and the robust growth of the food & beverage
industry in Europe has resulted in the regional market to ascend at a CAGR
of 6.0% over the forecast period
- The food
thickeners market in China is expected to grow at a CAGR of 7.7% over the
forecast period, on account of rapid population growth coupled with the
rising demand for baby food products, sauces, and dairy products in the
country
- The major
players in the market including CP Kelko, E. I. du Pont de Nemours and
Company, Archer Daniels Midland Company, and Cargill Inc., dominated the
industry in 2016 , accounting over 70% of the overall market share
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand
View Research has segmented the global food thickeners market on the basis of
product, application, and region:
Food
Thickeners Product Outlook (Revenue, USD Million; 2014 - 2025)
- Starch
- Hydrocolloids
- Proteins
Food
Thickeners Application Outlook (Revenue, USD Million; 2014 - 2025)
- Bakery
- Dairy
- Beverages
- Confectionery
- Others
Food
Thickeners Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- France
- Asia Pacific
- India
- China
- Central &
South America
- Brazil
- The Middle
East & Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-food-thickeners-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
www.grandviewresearch.com
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