The global food thickeners market is expected to
reach USD 18.9 billion by 2025, according to a new report by Grand View
Research, Inc. Growing demand for flavored beverages and carbonated drinks is
expected to propel growth over the forecast period.
Major players in the
industry are the global conglomerates with high production volume and wide
regional presence. CP Kelco, DuPont, and ADM are some of the key players
involved in manufacturing food thickeners. These companies compete on the basis
of price and product quality, thereby triggering competitive rivalry.
Starch and its
derivatives are widely preferred owing to their low cost, wide availability,
and high-shelf life properties. Hydrocolloids such as pectin and various types
of gums are used as thickeners owing to their gelling, thickening, and superior
stability properties. However, the high cost of hydrocolloids is expected to
hamper their growth.
Manufacturers in the
industry stock raw materials to avoid supply shortages and eliminate
third-party intermediaries. Manufacturers also emphasize on product innovation
in spite of challenges such as discrepancies in the supply chain and raw
material price volatility, which accounts for a major share of the overall
production cost.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/food-thickeners-market
Further key findings from the report suggest:
·
Starch segment dominated the industry and
accounted for over 40% of the overall demand in 2016, owing to low cost, easy
availability, and high-shelf life of the product
·
High demand for proteins owing to various
health benefits such as muscle building, healthy aging, and weight loss is
expected to drive the demand for dairy products, which is in turn likely to
augment the demand
·
The industry in Europe was valued at USD
3.32 billion in 2016 and is projected to denote a CAGR of 6.0% from 2017 to
2025 owing to the robust food & beverage industry and changing culinary
taste preferences of consumers in the region
·
Food thickeners industry in China is
projected to register a CAGR of 7.7% from 2017 to 2025 owing to high demand for
dairy, sauces, and baby food products
·
The U.S. accounted for over 70% of the
North American market owing to the presence of several food manufacturing
companies such as Kellogg Co., Tyson Foods, Inc. and The Kraft Heinz Company
·
The key players in the industry including
Cargill Inc., Archer Daniels Midland Company, DuPont, and CP Kelco accounted
for 70% of the overall revenue share
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has
segmented food thickeners market on the basis of product, application, and
region:
Product Outlook (Revenue, USD Million; 2014 - 2025)
·
Starch
·
Protein
·
Hydrocolloids
Application Outlook (Revenue, USD Million; 2014 - 2025)
·
Bakery
·
Confectionery
·
Beverages
·
Dairy
·
Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o France
·
Asia Pacific
o China
o India
·
Central and South America
o Brazil
·
Middle East and Africa
View press release of this research
report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-food-thickeners-marketAbout 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.
