April 06, 2020
According to the research report titled ‘Food Thickeners Market Size By Product, By Source, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019- 2025’, available with Market Study Report LLC, the global food thickeners market is expected to exceed USD 12.5 billion by the year 2025.
Shifting inclination towards non-toxic food products along with favorable European regulations and FDA approvals pertaining to the use of natural food ingredients are major factor driving the food thickeners market growth. Food thickeners are utilized to increase the thickness of soups, puddings and sauces without compromising on the original taste. They reduce the difficulty while swallowing among infants and elder population.
The report states that the cornstarch products segment of India food thickeners market is set to record a growth rate of 7% by the year 2025. Surging investments in food industry in India and rising adoption of corn starch in convenience food products in order to improve texture and provide stability are aiding the market expansion.
Based on the application spectrum, food thickeners market from meat segment is predicted to exceed USD 1.5 billion by the year 2025. Starch-based food thickeners offer juiciness, consistency and tenderness as well as increases the shelf life of the meat products, thereby fueling the segmental growth.
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On the other hand, food & nutrition application of food thickeners is expected to cross USD 2.5 billion by the year 2025. Thickeners such as xanthan gums and guar gums comprise of fiber and supports the digestive system. Moreover, the product gives texture to fruit jam and reduces spillage, thereby stimulating the industry outlook.
According to the report, the bakery & confectionary application of food thickeners in Germany market is presumed to expand with a CAGR of 4.5% during 2019-2025. Food thickeners such as cornstarch is used in thickening fruit fillings, puddings and glazes owing to its high efficiency in bakery products. This factor along with increasing consumption of bakery & confectionary food products are favoring the business scenario in Germany.
The prominent companies operating in food thickeners market are Edaesang, Jungbunzlauer, Ashland, Fooding Group Ltd., Tate & Lyle, DowDuPont, Archer Daniels Midland, Darling Ingredients, CP Kelco, Ingredion and Cargill.
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