Thickening Agents Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Thickening Agents Market: By Type (Gum Based and Starch Based), By Distribution Channel (Hospitals & Retail Pharmacies, Nursing Homes, and Drug Stores & Super Markets) and Geography

 

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Report

Description

The global thickening agents market size valued at USD 512.7 million in 2021 and expected to reach USD 755.8 million by 2028, at a CAGR of 5.7% during the forecast period of 2022-2028. 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

MARKET SUMMARY
-
5.7% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 5.7%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Thickening Agents Market

  • The report on global thickening agents market gives historical, current and future market sizes (US$ Bn) based on by type, distribution channel, and geography.
  • thickening agents market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Cargill Incorporated
  • CP Kelco
  • Ashland
  • DuPont
  • The Dow Chemical Company
  • BASF SE
  • AKZO Nobel N.V.
Thickening Agents Market

Drivers And Restraints

Thickening agents change thickness in dietary makings consequently they benefit dysphagia sufferers with utilitarian features including ease of swallowing, bolus control and pulmonary aspiration hence booming the global market growth. Thickening agents are chiefly used in bakery application because of their properties like gelling and foaming to give cake and pastry batters proper mixing, low baking time and pH conditions. Increase in the count of specialized bakery product stores supported by growth in house baking developments will create positive effect on the global market. Adoption of healthier diet by consumers also contributes in increasing the market size of thickening agents. Another industry growing factor is increasing need for convenience nutrition products, which increased the use of thickeners because of their features such as palatability and ingredient emulsification hence increasing industry growth.


Asia-Pacific got significant share

Thickening Agents Market

The thickening agents’ market in Asia-Pacific is expected to hold the highest share of 42.8% in 2021 and it is expected to grow at a significant rate in the coming years. Heavy investments in the production of food thickening agents, growing infant food products, demand rising for sauces & dressings, increasing food and beverage demand due to the growth of supermarkets, easy product accessibility, and the growing prevalence of convenience food will stimulate market growth in this region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

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.

Key

Features of the Report

Thickening Agents Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

Description

The global thickening agents market size valued at USD 512.7 million in 2021 and expected to reach USD 755.8 million by 2028, at a CAGR of 5.7% during the forecast period of 2022-2028. 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.

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