Global Food Thickening Agents Market
The GMI Research forecasts that the Food Thickening Agents Market is witnessing an upsurge in demand over the forecast period. This is mainly due to their ability to increase the viscosity of a liquid without altering its properties.
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Introduction of the Food Thickening Agents Market:
A food vending machine is an electronic device that provides different items, including snacks, candy, and beverages. They are primarily used in retail sites, public transport hubs, airports, and public places that offer fast foods and different food products. They are an easy, convenient, affordable option that helps to raise productivity at workplaces.
Key Players of the Global Food Thickening Agents Market:
- Cargill, Inc.
- Archer Daniels Midland Company
- Ingredion Inc.
- Tate & Lyle PLC
- Kerry Group PLC
- Naturex S.A.
- Darling Ingredients Inc.
- Koninklijke DSM N.V.
- W Hydrocolloids Inc.
- Acuro Organics Limited
- AkzoNobel N.V.
- DowDuPont Inc.
- Ashland Inc.
- CP Kelco
- Nestlé Health Science S.A.
Food Thickening Agents Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The expansion in the food retailing infrastructure, increasing inclinations towards healthy, organic, and nutritious food patterns, along with the accelerating disposable income are some of the major drivers contributing to the growth of the global Food Thickening Agents Market. In addition, the augmenting penetration of smart vending machines, soaring preference for easily accessible and convenient food led by the hectic lifestyle of individuals, and the growing working population coupled with the changing consumer behavior further add to the market share. Furthermore, other factors such as modification in payment techniques, augmentation in the retail sector, and the availability of food items with the aggravating demand for fast food supplement the market growth. However, the excessive installation, operational, and maintenance costs, like regular maintenance and appropriate location to lodge food vending machines, hamper the market growth.
Source Segment Drivers
Based on the Source, the market is segmented into Plant, Seaweed, Microbial, Animal (Gelatin), and Synthetic. Amongst which, plant-sourced food is contemplated to account for the highest share during the forecast period owing to the rising consciousness concerned with the remarkable quality. In addition to this, the amplifying preference of vegan diet patterns among the developed economies such as North America will bolster their consumption, thereby adding to the market demand.
Application Segment Drivers
Based on the Application, bakery and confectionery will experience a faster CAGR during the forecast period owing to their elevating demand, such as agar across the globe. Agar gels have the capability to withstand high temperatures and are used as a stabilizer and thickener in icings, pie fillings, and meringues. Some of them are extricated from Gracilaria chilensis, are used in confectionery products having high sugar content. They are tasteless and do not interfere with the flavors making them more suitable for the end-users seeking thickeners with no flavor effect.
Regional Drivers
Based on the regional coverage, Asia-Pacific is witnessing a higher CAGR during the forecast period due to the soaring demand for healthy and low-fat food products, especially across China, Japan, and India. On the other hand, Europe is predicted to dominate the market over the coming years due to the ameliorating consumption of various food thickeners, especially in Germany. The food & beverage companies mainly emphasize innovation and intensifying functional features such as introducing new flavors and better texture.
Food Thickening Agents Market Segmentation:
Segmentation by Source
- Plant
- Guar Gum
- Gum Arabic
- Locust Bean Gum
- Pectin
- Starches
- Others
- Seaweed
- Carrageenan
- Agar
- Alginate
- Microbial
- Gellan Gum
- Curdlan
- Xanthum Gum
- Animal (Gelatin)
- Synthetic
- Carboxy Methyl Cellulose (CMC)
- Methyl cellulose
Segmentation by Application
- Bakery & Confectionery
- Meat & Poultry
- Sauces & Dressings
- Beverages
- Dairy Products
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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