Food Thickeners Market is expected to grow at a CAGR of 7.04% during the forecasting period 2021-2028.

Global food thickeners market is expected to reach USD YY million in 2028, from its recorded value of USD YY million in 2020, growing with a CAGR of 5.96% during the forecast period

Food thickeners are usually based on polysaccharides or proteins, and have been found to play a key role in changing the viscosity of food products. The choice of the type of thickeners may vary widely. The consistency requirements vary widely depending on factors such as taste, clarity, and the environmental conditions

Food thickener is a boon for the patient of cancer, trauma, and neurology disorder who can’t swallow food. Food thickener is also prescribed to infants who can’t digest breastfeeding. High-calorie consumption is the major issue for health conscious people, food thickener provides fewer calories in the diet. The demand for food thickeners with a good thickening capability to suit a range of food products is key to the evolution of the food thickener market

Food thickeners such as starch, hydrocolloids, and proteins find application in the baking industry, wherein they are predominantly used as a thickening, stabilizing, and gelling agents. In addition, increasing demand for ready-to-eat snacks, protein-rich products, and nutritional foods is estimated to drive the demand for the product in the coming years

In 2020, North America dominated the global food thickeners market, in terms of value. However, Asia-Pacific is expected to witness the highest growth rate from 2021 to 2028, owing to increase in population, rise in disposable income, and reforms in food preferences

Market Dynamics

Driver

• Growing bakery and confectionery market
• Growing market for ready-to-eat (RTE) food products
• Increasing demand of specialty ingredients

Restraint 

• Stringent regulations from regulatory bodies
• The price of hydrocolloid raw materials  will hamper the market

Growing Demand of Specialty Ingredients

The growing demand of specialty ingredients as nutritional food thickeners is driving the growth of the market in the forecast period.

For the home kitchen, the most common thickeners come from polysaccharides such as starches, vegetable gums, and pectin, and proteins like eggs and gelatin. For sauces and gravies, starches are used. And these are usually derived from wheat, corn, potatoes, tapioca, or arrowroot.

Although these natural additives are beneficial for use in the food industry as thickeners with no and minimum side effects. 

A recent addition to the market of health foods containing novel thickening agents is food containing the east Asian tuber Konjac. Konjac fiber, which is now gaining international recognition, has the highest viscosity soluble fiber in nature.

Also, the added benefits of thickeners, such as multi-functionality, absorption of nutrients, compatibility with other ingredients, low cost, and abundant supply of food thickeners. 

Furthermore, advancements in the extraction and processing of food thickeners from new natural sources is thus one of the major drivers for the researchers and the leading players competing in the global market. For instance, in June 2015, researchers at Oregon State University discovered and commercialized a new type of dairy thickener- Ropy 352, which can add probiotic characteristics to the product in which it is used.

Geographical Analysis

The Middle East and Africa food thickeners market is likely to reach USD XX  million in 2028, from its recorded value of USD XX million in 2020, growing with a CAGR of 6.13% during the forecast period. Countries such as Saudi Arabia, Israel and the UAE are witnessing an increased demand for food thickeners

In Saudi Arabia, the inclination towards ready-to-eat food products and convenience food is increasing, which is likely to fuel the country’s food thickeners demand. Various food companies are focusing on the development of “healthier” ready meals in order to meet the changing demand of the customers. These meals will have lower calories, fat, salt and sugar, thereby attracting a large number of customers to opt for ready-to-eat meals in Saudi Arabia. The rising per capita income level, the growing hectic lifestyle and the growing population of working women will have a positive impact on the demand of the ready-to-eat food products, further driving the food thickeners market during the forecast period

Moreover, the increasing number of oil exploration activities in Saudi Arabia will grow the demand for xanthan gum 

South Africa consumes a large amount of bakery products, with bread playing a particularly important role in the country's diet. As a result, daily consumption of bread is much higher in many households where it can be considered a staple food, particularly where other staples are not consumed

On the other hand, the bakery industry in South Africa is being driven by consumer demand for quality products and for products that were once seen as only within the reach of the better-off South Africans. With a change in population demographics, South African population has now become more affluent and is eager to taste and have the experience of eating a subsequent variety of bakery products, driving the market demand

About Us:

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

For more information:

Sai Kiran

Sales Manager at DataM Intelligence

Email: [email protected]

Tel: +1 877 441 4866

Website: www.datamintelligence.com