The major key players in the market are CP Kelco, ADM, Ingredion Incorporated, Ashland Global Specialty Chemicals Inc, Tate & Lyle PLC, Cargill Inc., Jungbunzlauer Suisse AG, TIC Gums, Medline Industries LP, Archer Daniels Midland Company, Deosen Biochemical ( Ordos) Limited.
New York, Nov. 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Food Thickeners Market Report 2022: Impact of the Ukraine-Russia War” – https://www.reportlinker .com/p06364856/ ?utm_source=GNW
Solvay SA, Vikas WSP Ltd., Guar Resources LLC and Kent Precision Foods Group Inc.
The global market for food thickeners is expected to grow from $10.61 billion in 2021 to $11.35 billion in 2022 at a compound annual growth rate (CAGR) of 6.9%. The war between Russia and Ukraine disrupted the chances of a global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions in several countries, increases in the prices of basic products and disruptions in the supply chain, which has affected many markets around the world. The food thickeners market is expected to grow to $14.85 billion by 2026 at a compound annual growth rate (CAGR) of 7%.
The food thickeners market consists of sales of food thickeners by entities (organizations, sole traders, and associations) that are used to maintain the texture of foods and also help create texture. A food thickener refers to a substance, agent or ingredient that is added to food to change its viscosity, with the help of thickeners, food becomes stiffer and denser.
The main types of food thickeners are starch, protein, and hydrocolloids. Starch refers to a polysaccharide consisting of a large number of glucose monomers linked by glycosidic bonds.
Sources include plants, microbes, and animals. These are used in bakery, confectionery, sauces, dressings, marinades and sauces, beverages, dairy and frozen desserts, prepared and processed food.
Europe was the largest region in the food thickeners market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period.
Regions covered in Food Thickeners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The extensive use in food and beverages is expected to fuel the growth of the food thickener market in the future. The food and beverage industry refers to companies engaged in the processing, packaging, and distribution of food, packaged and freshly prepared dishes, as well as alcoholic beverages. and non-alcoholic beverages.
Food thickeners assist the food and beverage industry by increasing the viscosity of a diet or beverage and maintaining its consistency. For example, according to the Agricultural and Processed Food Export Development Authority (APEDA), an active Apex export trade promotion government body of India. , exports of processed food products increased from $11.671 million in 2020-21 to $13.261 million in 2021-22.
Therefore, the extensive use in food and beverages is driving the growth of the food thickener market.
Product innovations are a key trend gaining popularity in the food thickener market. The major companies operating in the food thickener market are innovating new products to maintain their position in the food thickener market.
For example, in April 2020, Kent Precision Foods Group, a US-based food manufacturing company that provides dry mix food products, launched the original Thick-It food and beverage thickener, available in fresh and innovative bar servings in thin and thick consistencies.Thick-It Original Individual Food and Beverage Thickener Packets offer several unique features, such as quick and easy-to-use mixing, safely thickening hot or cold beverages and pureed foods until the required consistency is achieved without changing the flavor.
Each serving is portioned and the slim, flexible packets are undetectable, making them ideal for use in facilities where medical personnel and culinary workers can quickly and safely thicken foods and beverages without further measuring.
In February 2021, International Flavors and Fragrances Inc, a US-based chemical manufacturing company, merged with DuPont Nutrition and Biosciences for $26.2 billion. With this merger, both companies can bring together IFF’s expertise in food fragrances and flavors and DuPont’s leadership position. DuPont Nutrition and Biosciences (now Danisco Animal Nutrition & Health) is a Denmark-based company that produces natural thickeners for foods.
Countries covered in Food Thickeners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The Food Thickeners Market research report is one in a series of new reports providing Food Thickeners market statistics, including global market size of the Food Thickeners industry, regional shares, competitors with market share of food thickeners market, detailed food thickeners market segments, market trends and opportunities, and any additional information you may need to thrive in the food thickeners industry. This Food Thickeners Market Research Report offers a comprehensive perspective on everything you need, with an in-depth analysis of the current and future scenario of the industry.
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