Thickening Agents Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Gum Based and Starch Based), By Distribution Channel (Hospitals & Retail Pharmacies, Nursing Homes, and Drug Stores & Super Market Size, Share, Growth, Trends, and Global Industry Analysis: s) and Region

Thickening Agents Market size was valued at US$ 512.7 million in 2022 and is expected to reach US$ 755.8 million by 2029, at a CAGR of 5.7% from 2023-2029. Food thickeners, also known as thickening agents, are compounds that are added to a food combination to improve its viscosity without affecting its other qualities. It enhances the suspension of other components while also increasing the product's stability. Thickeners are used in the food business to improve a variety of fundamental attributes of food items, including viscosity, texture, density, stability, and taste. The global thickeners market is driven by an increase in demand for convenience foods, an increase in disposable income, and the benefits and varied functions connected with the usage of food thickeners. Furthermore, the surge in consumer health consciousness is likely to create a significant development potential for global industry participants. However, price fluctuations in food thickeners and the significant R&D costs involved with their manufacture may limit the market's expansion. The global thickeners market is being driven by an increase in demand for convenience foods, an increase in disposable income, rising consumer awareness regarding the benefits of the thickeners, easy availability of the thickeners in various distribution channels, and various functions associated with the use of food thickeners. The surge in the prevalence of dysphagia is expected to drive the market for thickening agents. For instance, the prevalence of dysphagia in the general population is 16-23% (29-32 age) increasing to 27% in those over 76 years of age. However, price fluctuations in food thickeners and high R&D costs associated with their production may restrict the market's growth. 

Thickening Agents Market Key Developments:

• In December 2021, Cargill announced the acquisition of Croda's bio-based industrial business, expanding nature-derived solutions for customers.
• In January 2020, ADM acquired Portugal-based Yerbalatina Phytoactives, a natural plant-based extracts and ingredients manufacturer.