Food Thickening Agents Market Future Trends, Business Strategies and Opportunity

Posted by Arslan on March 11th, 2020

The global food thickening agents market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each food thickening agents market player in a comprehensive way. Further, the food thickening agents market report emphasizes the adoption pattern of the food thickening agents across various industries.

The food thickening agents market report highlights the following players:

  • Ingredion Inc.
  • CP Kelco
  • Darling Ingredients
  • Archer Daniels Midland Company (ADM)

The food thickening agents market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.

A notable surge in urban consumption has led to heightened demand for processed food. Consequently, this has propelled the utilization of allied ingredients such as food thickening agents. In the absence of close substitutes for food thickening agents, per ton increase in production of bakery and confectionery items, sausages, dressings, and soups are directly augmenting the demand for food thickening agents. Alongside, processed food manufacturers are focusing on making their products more functional. Food thickening agents possessing attributes to address dysphagia, have garnered attention of processed food manufacturers, which has boosted its demand in the past half-decade. On the back of these dynamic consumption and production trends, demand for food thickening agents is expected to register a steady CAGR of 4%.

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Key Takeaways of Global Food Thickening Agents Market

  • The demand for plant-based and seaweed-based food thickening agents is projected to capture more than 50% market share and is anticipated to show a steady growth curve in food thickening agents market during forecasted period.
  • Bakery & confectionery application is forecasted to grow 1.6X over the forecast period.
  • North America and Europe together hold around 60% of market share in food thickening agents market, whereas, Asia Pacific are projected to present high growth rate.
  • Countries like Canada, Mexico and Poland are forecasted to show prominent growth rate in food thickening agents market.

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