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.
U.S. food
thickeners market revenue by application, 2014 - 2025 (USD Million)
Browse full
research report on Food Thickeners Market: 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
Browse more
reports of this category by Grand View Research: 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
- U.S.
- Europe
- Germany
- France
- Asia
Pacific
- China
- India
- Central
and South America
- Brazil
- Middle
East and Africa
Access
Press Release By Grand View Research: http://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.
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