Industry Outlook and Trend Analysis
The Food Thickeners Market was worth USD 9.56 billion in 2014 and is expected to reach approximately USD 15.18 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.28% during the forecast period. Evolving lifestyle, expanding disposal wage and the resultant developing consumer spending on processed & convenience food products is anticipated to positively drive the market development over the estimate period. Food thickeners are being used extensively in different beverages, for example, energy drinks, juices, and fruit pulps, as they help to accomplish the desired consistency and in addition improve the surface of foodstuff without disintegrating their nutritional value. The rising interest for such beverages inferable from their invaluable properties is foreseen to boost the market development.
Product Outlook and Trend Analysis
Starch is foreseen to be the quickest developing item fragment, advancing at a tremendous CAGR. The high development rate of the portion is ascribed to its prevalent properties, for example, minimal cost, high viscosity and stability. These properties settle on starch the favoured decision for work in end-use applications. Proteins, for example, egg whites, gelatine, and collagen, offer useful properties to the coveted foodstuff, for example, steadiness, gelling, and emulsification.
Application Outlook and Trend Analysis
Beverages are foreseen to rise as the quickest developing application section over the figure time frame. Rising customer disposable income, changing dietary inclinations and the resultant appeal for energy drinks, juices, flavoured beverages and soft drinks is foreseen to drive the request over the estimate time frame. Bakery application portion represented 27% of the aggregate share of the market in 2016.
Regional Outlook and Trend Analysis
The Indian market for the product is foreseen to develop significantly over the estimate time frame. The high development rate of the nation is ascribed to developing food and beverage industry, expanding disposable income and changing shopper eating inclinations. This factor is in this way foreseen to drive the interest for bakery and confectionery products, and in this way food thickeners industry. The fast extension of food and beverages industry in Peru, Venezuela, Brazil, and Argentina, is foreseen to impel the development of food thickeners in Central and South Africa.
The leading players in the market are Ashland Chemical Also ISP Technologies, DuPont, Tate & Lyle, Archer Daniels Midland, Cargill, Medline Industries, Naturex, Dow Chemical Company, Ingredion Incorporated and Kerry Group. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Food Thickeners Market is segmented as follows-
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?