Asia-Pacific Food Thickeners Market

The Asia-Pacific food thickeners market was valued at US$ YY million in 2020 and is expected to record at a CAGR of 6.98% over the forecast period to reach US$ YY million by 2029. Asia-Pacific is projected to be the fastest-growing region. This is attributed to the growing consumption of various types of food thickeners in Asia-Pacific, as food & beverage manufacturers focus on product innovation, health aspects, and improving the functional characteristics such as texture, flavor, and other organoleptic properties of their products

China dominated the Asia Pacific food thickeners market with a share of 47% in the year 2020. Increasing food & beverage demand due to growth of supermarket & e-commerce sectors with rising consumer awareness & easy product accessibility is anticipated to fuel product demand in China. Rising utilization of thickeners in dietary products for product texture enhancement and prolonged shelf life is expected to drive the market in this country

In 2016, Cargill set up a new innovation center in China named Cargill ONE. This would help the company to expand its expertise in taste, flavors, food ingredients, and menus that appeal to changing consumer demand in China

In April 2017, Nestle Health Science and the Chinese Stroke Association entered into a collaboration to help stroke patients swallow with less difficulty. In China there are about 2.5 million new stroke patients every year, of which about 30-65% suffer from dysphagia. As part of the collaboration Nestle Health Science launched its Thicken Up product in 25 hospitals in provinces and municipalities in China

Thicken Up is a thickening agent that enables tailored texture modification of food and liquids to help patients overcome swallowing difficulty. Such initiatives from key players is expected to drive the market growth in this country

India food thickeners market is likely to reach USD 998.86 million in 2028, from its recorded value of USD 467.70 million in 2020, growing with a CAGR of 9.32% during the forecast period. Dairy industry has been fueling the demand for food thickening agents in India with the growing scope of food innovation. As consumers tend to adopt a healthy lifestyle, there has been a rising demand for dairy products, which is predicted to uphold the sales of food thickening agents

Moreover, the increase in consumer preference for convenience foods indirectly contributes to the rise in demand for food thickeners required as stabilizers, binding agents and thickening agents in convenience food products

Furthermore, India has one of the largest populations of celiac disease sufferers in the world, being a major wheat consuming country. This has slowly led to a rise in health-consciousness among the people, which is driving the market for gluten-free processed foods, such as crackers, breads, biscuits, and cookies in the country

Bakers nowadays use xanthan gum, guar gum as a replacement for gluten in gluten-free baked food products. Other than the proven benefits to gluten allergic customer base, it also has benefits for food processors regarding improving processing, reducing cost and providing long-term stability to the food products. Recently, the beneficial properties of hydrocolloids have been gaining significant visibility. Pectin, resistant starches, modified guar and a few other hydrocolloids are all in the process of developing nutritional awareness with consumers

On the other hand, Japan food thickeners market is expected to grow with a CAGR of 4.48% during the forecast period, reaching USD 644.97 million in 2028, from its recorded value of USD 438.81 million in 2020

Japan's market for food thickeners is increasing due to increasing demand for convenience foods, particularly confectioneries. About 50% of Japanese consumers choose sugar or chocolate confectionery foods as a snack for an afternoon refreshment between lunch and dinner. Products that offers good taste along with health advantage are preferred on a major scale in Japan

On the other hand, Australia held a market revenue share of 9% in the year 2020. An Australian consumer snack on an average four times a day presenting a valuable opportunity for the vegan industry to capitalize on this trend creating more healthy snack options for the consumers

There is a progressive increase in vegan to-go snack products in the country. As food thickeners are mostly derived from plant sources, it is adding a strong benefit to the on-going healthy vegan snacking trend

Moreover, hydrocolloid manufacturing bases in countries such as Thailand, India and China is expected to contribute to market growth in Rest of Asia Pacific

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