Food Thickeners to Satiate Changing Consumer Appetites

Food thickeners are agents used in various foods and beverages  in order to increase their thickness without compromising on the nutritional value. Hydrocolloids, starch, and proteins are the three major types of food thickeners. A rise in demand for fruit juices, baked items,  desserts, and many other Ready-To-Eat (RTE) foods and beverages coupled with the changing eating habits of consumers have widen the application scope for these thickening agents.

Starch: The Most Preferred Food Thickener due to High Viscosity

The starch segment is anticipated to exhibit a CAGR of 6.7% during the forecast period (from 2018 to 2025) owing to its properties such as high viscosity & stability and low cost. In addition, easy availability of starch in surplus quantities across various regions is expected to influence the segment demand in the forthcoming years. Research and development activities focused on developing starch-based thickeners to be used in frozen foods and desserts may also boost the segment growth. For example, various prominent companies such as Ingredion Inc. and Cargill Inc. have invested in R&D focusing on obtaining starch from plants.

The protein segment is also projected to experience a healthy growth rate owing to its health benefits such as muscle buildup and healthy aging. Use of protein food thickeners as an emulsifying and gelling agent in baked products can drive the segment demand. Moreover, high demand for frozen foods can also induce segment demand in the years to come. Health consciousness among consumers have encouraged restaurant chains to introduce plant-based burgers and meals. Instances of these are White Castle, TGI Friday, and Sonic Drive-In.

Market Outlook

The global food thickeners market is projected to reach at USD 18.98 billion by 2025, according to a report by Grand View Research, Inc. It is touted to exhibit a decent CAGR of 6.2% over the forecast period. Demand for processed and convenience foods by consumers owing to their hectic lifestyles is expected to augur market growth over the coming years. Rising health consciousness along with a wide scope of application for the product in the processed feeds sector is also anticipated to bode well for the market. Key market players include E. I. du Pont de Nemours and Company; Cargill Inc.; Archer Daniels Midland Company (ADM); and CP Kelko.

In-Depth Research Report On Automotive Appearance Chemicals Market:

https://www.grandviewresearch.com/industry-analysis/food-thickeners-market

Food Thickeners Market is Projected to Reach USD 18.98 Billion by 2025 : Grand View Research, Inc.

The global food thickeners market is expected to reach USD 18.98 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for the product in carbonated drinks and flavored beverages, is expected to drive the market growth over the forecast period.

Archer Daniels Midland Company, CP Kelco and Cargill Inc., are three major companies involved in manufacturing and supply of food thickeners internationally. These companies have tie-ups with farmers and other small scale raw material suppliers to procure raw material, which is then converted into various flavored food thickeners. High production volumes, huge product portfolio and wide distribution network of these players have resulted into their high market share.

The high-shelf life, wide availability, and low cost, are the factors which have made starch and its derivatives, a preferred choice for incorporation in bakery products and confectionery. Hydrocolloid based thickeners on the other hand have high stability, thickening, and gelling properties. However, its growth is expected to be hampered on account of its high price.

Manufacturers indulged in the industry stock raw materials to eliminate third-party intermediaries, and to avoid supply shortages. Major players are challenged with raw material price volatility and investments for product innovation required to survive the stiff competition in the market. The new entrants need to come up with significantly improved product quality with competitive pricing in order to sustain in the industry.

In depth research report on Food Thickeners Market

https://www.grandviewresearch.com/industry-analysis/food-thickeners-market

Further key findings from the report suggest:

·       The low cost, high-shelf life and easy availability of starch resulted in the product dominating the food thickeners industry with over 42% of the market share in 2016, with the trend expected to continue over the forecast period

·       Rising demand for proteins on account of the various health benefits such as weight loss, healthy aging, and muscle building, are anticipated to propel the demand for dairy products

·       The changing culinary preferences and the robust growth of the food & beverage industry in Europe has resulted in the regional market to ascend at a CAGR of 6.0% over the forecast period

·       The food thickeners market in China is expected to grow at a CAGR of 7.7% over the forecast period, on account of rapid population growth coupled with the rising demand for baby food products, sauces, and dairy products in the country

·       The major players in the market including CP Kelko, E. I. du Pont de Nemours and Company, Archer Daniels Midland Company, and Cargill Inc., dominated the industry in 2016 , accounting over 70% of the overall market share

Grand View Research has segmented the global food thickeners market on the basis of product, application, and region:

Food Thickeners Product Outlook (Revenue, USD Million; 2014 - 2025)

·       Starch

·       Hydrocolloids

·       Proteins

Food Thickeners Application Outlook (Revenue, USD Million; 2014 - 2025)

·       Bakery

·       Dairy

·       Beverages

·       Confectionery

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements

 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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/