According to the research report titled ‘Europe Food Thickeners Market Size By Product, Source, Application, Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026A‘, available with Market Study Report, Europe food thickeners market was valued USD 17.9 billion in the year 2019 and is anticipated to surpass USD 2.5 billion by 2026.
 

As per the report findings, Europe food thickeners market growth is largely attributable to expanding geriatric population and increasing health consciousness among individuals that has accelerated the demand for healthier, fresh, organic and value-added baked goods.
 

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Further, rising disposable income of the populace, along with changing lifestyle due to variation in cultural norms and increasing immigration positively impacts Europe food thickeners market outlook.  Moreover, rising consumer interest towards chemical free and safe products coupled with ongoing R&D efforts by leading companies to cater ever-growing food demand is propelling the industry growth.
 

Based on the product terrain, protein-based segment in Europe food thickeners market accounted for USD 3,007.8 million in 2019 and is predicted to grow with a CAGR of 5.5% over the forecast period owing to extensive application of protein thickeners in bakery products for icing of cakes & pastries. Moreover, they are used as foaming agents as they have superior foaming attributes. Additionally, side effects caused by gluten-based bakery products such as headaches, diarrhea and abdominal pain has strengthened the demand for these protein-based thickeners.
 

Considering the application spectrum, Europe food thickeners industry from beverages application segment captured 19.9% share in recent past and is likely to witness notable growth during forecast period. Use of thickeners in several beverages including juices, fruit pulps, and energy drinks, as they help achieve desired viscosity and better texture without affecting the nutritional value drives the segment growth. Moreover, non-alcoholic beverage sub-segment is estimated to reach USD 633 billion by 2023 due to shifting consumer preference from alcoholic beverages towards nonalcoholic as the former harbours addiction and ill health.
 

Major players influencing Europe food thickeners market trends are Daesang, Inc., Ingredion Incorporated, Jungbunzlauer Suisse AG, Food Group Limited, ADM Company, Tate and Lyle plc, Darling Ingredients, Inc., Ashland Global Holdings, Inc., CP Kelco Pvt. Ltd., Cargill, Incorporated, and DuPont de Nemours, Inc.