Food Thickening Agents Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2028

Published on : Feb-2020 | List of Tables : 96 | List of Figures : 78 | No. of Pages : 170 | Report Code : FACT4562MR | Format :

Demand for Food Thickening Agents Market to Soar on Back of Novel Variants

The recent past has witnessed significant investments in research and development of food thickening agents. Manufacturers have been exploring new herb variants to create new specifications in order to differentiate their product portfolio. Konjac, an East Asia tuber has gained prominence among food thickening agents. Owing to its high viscosity, Konjac flour is finding application in soups, sauces, gravies, puddings and pie fillings. Companies like CP Kelco, Clara Foods, AgTech, and Forbidden Foods Group have introduced vegan or gluten-free products in the market. Owing to these advancements, the industry is projected to witness an absolute dollar opportunity of US$ 1 Bn between 2019 and 2028.

 Plant-based and Seaweed-based Food Thickening Agents Exhibit High Growth

The trend of clean-labelling has received a lot of impetus in the food and beverages sector. Owing to this, Companies are focusing on manufacturing clean-label products in food thickening agents market. This has led to increase in the demand for food thickening agents which are produced from natural sources like plants and seaweeds. Plant-based and seaweed-based food thickening agents currently account for more than half of the market share, with steady growth of 4% between 2019 and 2028.

Asia Pacific Market Resurgent as Demand for Food Thickening Agents Heightens

Food thickening agents market in Asia Pacific is forecasted to grow at an impressive CAGR of nearly 7%. Companies in this region are increasingly penetrating ASEAN countries and Japan to address the demands of the rapidly proliferating food processing industry. Heavy investments in production of food thickening agents like guar complex in India is anticipated to supplement the food thickening agent market. Asia Pacific market for food thickening agents will show an upward trend during the forecast period and is projected to grow 2X during the forecast period.

food thickening agents market 01

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Inorganic Strategies to Keep Market Growth on Track

Tier 1 players account for ~ 30% of revenue share in the food thickening agents market. Key companies in food thickening agent market are CARGILL, Ingredion Inc., CP Kelco, Darling Ingredients, Archer Daniels Midland Company (ADM). These companies are primarily concentrated in regions such as North America, Europe, and Australia. Various strategy implementations like mergers, acquisitions, and joint ventures by top-tier players has increased their market share and global presence in the food thickening agents market. On the back of these factors, the market is expected to move towards consolidation.

  • In January 2020, ADM acquired Portugal-based Yerbalatina Phytoactives, a natural plant-based extracts and ingredients manufacturer.
  • In March 2019, ADM acquired Germany based citrus-ingredient supplier Erich Ziegler which provides compounds in the flavor, food, and beverage industries
  • In March 2019, Ingredion Inc. acquired potato starch manufacturer USA-based Western Polymer. Western polymer is the largest cationic potato starch supplier.
  • In March 2019, Cargill Acquired Smet, a Belgium Chocolate and Sweets Decorations Supplier. This acquisition is expected to increase investments of the company in food thickening agents.
  • In July 2018, ADM entered into a joint venture with Aston Foods Inc. to establish the presence of the company in Russia.
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Food thickening agents market is anticipated to witness a notable upsurge during the forecast period 2019 to 2028, conferring to a new Fact.MR study. The study promotes crucial trends that are presently determining the growth of food thickening agents market. This newly published and perceptive report sheds light on vital dynamics, which are likely to convert the future of food thickening agents market, in turn generating worthwhile opportunities for key companies as well as evolving players who are interested in the manufacturing of food thickening agents.

Food thickening agents market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of food thickening agents market. The report primarily conveys a summary of the food thickening agents market, considering present and upcoming food thickening agents industry scenarios, to reveal striking sides relating to the acceptance of food thickening agents across prominent regional markets.

A detailed assessment on few of the food thickening agents raw material suppliers accessible in the report allows the report readers to obtain detailed findings that have resulted from the food thickening agents supply chain analysis, business execution, and value chain analysis across the regional markets incorporated in the report. A list of prominent companies functioning in food thickening agents market provided in the report enhances reliability of this ample research study.

Food Thickening Agents Market: Report Summary and Scope

Study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in food thickening agents market across the globe.

A comprehensive estimate on food thickening agents market has also been made accessible by the experts, who have considered the market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario regarding sales of food thickening agents during the forecast period. Analysis and estimation of price point comparison by region and by product with the global average price has been included in this study.

Food thickening Agents Market: Segmentation

Fact.MR’s study has done the segmentation of food thickening agents market on the basis of application, source, and region.

Application

Source

Region

  • Bakery & Confectionery
  • Meat & Poultry
  • Sauces & Dressings
  • Beverages
  • Dairy Products
  • Others
  • 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
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Food Thickening Agents Market: Analysis on Market Size Evaluation

Predictions of food thickening agents market, encompassing current as well as forthcoming projected values estimates and analysis on region-wise demand trends and price index have been assimilated in the report.

Market estimates at the regional and global scale for food thickening agents are available in terms of “US$ Mn.” A Y-o-Y growth contrast on prominent food thickening agents market segments, along with the market attractiveness valuation computes understandings brought in the report. Metrics mentioned above are also followed based on food thickening agents applications where food thickening agents witness a steady demand.

Food Thickening Agents Market: Scrutinized Assessment on Regional Segments

Weighted sections have been elaborated in the report on food thickening agents market, which delivers projection on the regional markets. These chapters brighten the regional macros (political economic, and business environment outlook), which are expected to have a significant impact on the growth of food thickening agents market during period of forecast.

Country-specific valuation on demand for food thickening agents has been offered for each regional market, along with the market scope estimate and forecast, price index, price point assessment, and impact analysis of dynamics of prominent regions and countries. For all regional markets Y-o-Y growth estimates have also been incorporated in the report.

Food Thickening Agents Market: In-depth Analysis on Competitive Landscape

The report ends with a section on the competition scenario of food thickening agents market, along with the profiles of major companies contributing to the market expansion. Essential and up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of food thickening agents, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.

Company profiles have been shared with report, which exerts essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player recognized along with the company policies identification and analysis. The company presence mapped and presented through the matrix for all the prominent players of the market functioning in food thickening agents market offers readers with actionable intellect, which helps in thoughtfully presenting the market status, and making decisive predictions on the competition levels in food thickening agents market. Major companies operating in global food thickening agents market, include Cargill Inc., Archer Daniels Midland Company, Ingredion Inc., Tate & Lyle PLC, Ashland Inc., CP Kelco Inc., Kerry Group PLC and others.

1. Executive Summary

    1.1. Market Overview

    1.2. Market Analysis

    1.3. Fact.MR Analysis and Recommendations

2. Market Introduction

    2.1. Market Definition

    2.2. Market Taxonomy

3. Food Thickening Agents Market Background

    3.1. Macro-Economic Factors

    3.2. Opportunity Analysis

    3.3. Global Economic Outlook

    3.4. Regulatory Scenario

    3.5. Value Chain Analysis

    3.6. Market Dynamics

        3.6.1. Drivers

        3.6.2. Restraints

        3.6.3. Trends

        3.6.4. Opportunity

    3.7. Key Development & Product Launches

    3.8. Forecast Factors – Relevance and Impact

4. Global Food Thickening Agents Market Analysis 2014–2018 and Forecast 2019–2028

    4.1. Market Volume (Tons) Projections

    4.2. Market Size (US$ Mn) Projections

        4.2.1. Y-o-Y Projections

        4.2.2. Absolute $ Opportunity Analysis

5. Global Food Thickening Agents Market Pricing Analysis

    5.1. Regional Average Pricing Analysis

        5.1.1. North America

        5.1.2. Latin America

        5.1.3. Western Europe

        5.1.4. Eastern Europe

        5.1.5. Japan

        5.1.6. Asia Pacific Excluding Japan

        5.1.7. Middle East & Africa

    5.2. Pricing Analysis, By Source

6. Global Food Thickening Agents Market Analysis 2014–2018 and Forecast 2019–2028, by Source

    6.1. Introduction

        6.1.1. Market Value Share Analysis By Source

        6.1.2. Y-o-Y Growth Analysis By Source

    6.2. Historical Market Size (US$ Mn) and Volume (Tons) By Source, 2014–2018

    6.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Source, 2019-2028

        6.3.1. Plant

            6.3.1.1. Guar Gum

            6.3.1.2. Gum Arabic

            6.3.1.3. Locust Bean Gum

            6.3.1.4. Pectin

            6.3.1.5. Starches

            6.3.1.6. Others

        6.3.2. Seaweed

            6.3.2.1. Carrageenan

            6.3.2.2. Agar

            6.3.2.3. Alginate

        6.3.3. Microbial

            6.3.3.1. Gellan Gum

            6.3.3.2. Curdlan

            6.3.3.3. Xanthum Gum

        6.3.4. Animal (Gelatin)

        6.3.5. Synthetic

            6.3.5.1. Carboxy Methyl Cellulose (CMC)

            6.3.5.2. Methyl cellulose

    6.4. Market Attractiveness Analysis By Source

7. Global Food Thickening Agents Market Analysis 2014–2018 and Forecast 2019–2028, By Application 

    7.1. Introduction

        7.1.1. Market Value Share Analysis By Application

        7.1.2. Y-o-Y Growth Analysis By Application

    7.2. Historical Market Size (US$ Mn) and Volume (Tons) By Application, 2014–2018

    7.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Application, 2019-2028

        7.3.1. Bakery & Confectionery

        7.3.2. Meat & Poultry

        7.3.3. Sauces & Dressings

        7.3.4. Beverages

        7.3.5. Dairy Products

        7.3.6. Others

    7.4. Market Attractiveness Analysis By Application

8. Global Food Thickening Agents Market Analysis and Forecast, By Region

    8.1. Introduction

        8.1.1. Market Value Share Analysis By Region

        8.1.2. Y-o-Y Growth Analysis By Region

    8.2. Historical Market Size (US$ Mn) and Volume (Tons) By Region, 2014–2018

    8.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Region, 2019-2028

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Western Europe

        8.3.4. Eastern Europe

        8.3.5. Asia Pacific excluding Japan 

        8.3.6. Japan

        8.3.7. Middle East & Africa

    8.4. Market Attractiveness Analysis By Region

9. North America Food Thickening Agents Market Analysis 2014-2019 and Forecast 2019–2028

    9.1. Introduction

    9.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    9.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        9.3.1. By Country

            9.3.1.1. U.S.

            9.3.1.2. Canada

        9.3.2. By Source

        9.3.3. By Application

    9.4. Market Attractiveness Analysis

        9.4.1. By Country

        9.4.2. By Source

        9.4.3. By Application

10. Latin America Food Thickening Agents Market Analysis 2014-2019 and Forecast 2019–2028

    10.1. Introduction

    10.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    10.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        10.3.1. By Country

            10.3.1.1. Brazil

            10.3.1.2. Mexico

            10.3.1.3. Rest of Latin America

        10.3.2. By Source

        10.3.3. By Application

    10.4. Market Attractiveness Analysis

        10.4.1. By Country

        10.4.2. By Source

        10.4.3. By Application

11. Western Europe Food Thickening Agents Market Analysis 2014-2019 and Forecast 2019–2028

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    11.3. Sales Revenue US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        11.3.1. By Country

            11.3.1.1. Germany

            11.3.1.2. United Kingdom

            11.3.1.3. France

            11.3.1.4. Italy

            11.3.1.5. Spain

            11.3.1.6. Benelux

            11.3.1.7. Nordic Region

            11.3.1.8. Rest of Western Europe

        11.3.2. By Source

        11.3.3. By Application

    11.4. Market Attractiveness Analysis

        11.4.1. By Country

        11.4.2. By Source

        11.4.3. By Application

12. Eastern Europe Food Thickening Agents Market Analysis 2014-2019 and Forecast 2019–2028

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    12.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        12.3.1. By Country

            12.3.1.1. Russia

            12.3.1.2. Poland

            12.3.1.3. Rest of Eastern Europe

        12.3.2. By Source

        12.3.3. By Application

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By form

        12.4.3. By Application

13. APEJ Food Thickening Agents Market Analysis 2014-2019 and Forecast 2019–2028

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    13.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        13.3.1. By Country

            13.3.1.1. India

            13.3.1.2. China

            13.3.1.3. South Korea

            13.3.1.4. ASEAN

            13.3.1.5. Australia & New Zealand

            13.3.1.6. Rest of APAC

        13.3.2. By Source

        13.3.3. By Application

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Source

        13.4.3. By Application

14. Japan Food Thickening Agents Market Analysis 2014-2019 and Forecast 2019–2028

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    14.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        14.3.1. By Source

        14.3.2. By Application

    14.4. Market Attractiveness Analysis

        14.4.1. By Source

        14.4.2. By Application

15. Middle East & Africa Food Thickening Agents Market Analysis 2014-2019 and Forecast 2019–2028

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2014–2018

    15.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019-2028

        15.3.1. By Country

            15.3.1.1. GCC Countries

            15.3.1.2. South Africa

            15.3.1.3. Rest of MEA

        15.3.2. By Source

        15.3.3. By Application

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Source

        15.4.3. By Application

16. Food Thickening Agents Market Analysis 2014-2018 and Forecast 2019-2029, Country Analysis

    16.1. Introduction

    16.2. U.S. Food Thickening Agents Market

        16.2.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.2.1.1. By Source

            16.2.1.2. By Application

    16.3. Canada Food Thickening Agents Market

        16.3.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.3.1.1. By Source

            16.3.1.2. By Application

    16.4. Brazil Food Thickening Agents Market

        16.4.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.4.1.1. By Source

            16.4.1.2. By Application

    16.5. Mexico Food Thickening Agents Market

        16.5.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.5.1.1. By Source

            16.5.1.2. By Application

    16.6. Germany Food Thickening Agents Market

        16.6.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.6.1.1. By Source

            16.6.1.2. By Application

    16.7. U.K. Food Thickening Agents Market

        16.7.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.7.1.1. By Source

            16.7.1.2. By Application

    16.8. France Food Thickening Agents Market

        16.8.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.8.1.1. By Source

            16.8.1.2. By Application

    16.9. Italy Food Thickening Agents Market

        16.9.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.9.1.1. By Source

            16.9.1.2. By Application

    16.10. Spain Food Thickening Agents Market

        16.10.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.10.1.1. By Source

            16.10.1.2. By Application

    16.11. Benelux Food Thickening Agents Market

        16.11.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.11.1.1. By Source

            16.11.1.2. By Application

    16.12. Russia Food Thickening Agents Market

        16.12.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.12.1.1. By Source

            16.12.1.2. By Application

    16.13. Poland Food Thickening Agents Market

        16.13.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.13.1.1. By Source

            16.13.1.2. By Application

    16.14. India Food Thickening Agents Market

        16.14.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.14.1.1. By Source

            16.14.1.2. By Application

    16.15. China Food Thickening Agents Market

        16.15.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.15.1.1. By Source

            16.15.1.2. By Application

    16.16. South Korea Food Thickening Agents Market

        16.16.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.16.1.1. By Source

            16.16.1.2. By Application

    16.17. ASEAN Food Thickening Agents Market

        16.17.1. Market Value (US$ Mn) and Volume (Tons) Analysis and Forecast by Market Taxonomy

            16.17.1.1. By Source

            16.17.1.2. By Application

17. Competition Analysis

    17.1. Competition Dashboard

    17.2. Competitive Benchmarking

    17.3. Competition Developments 

18. Company Profiles

    18.1. Cargill, Inc.

        18.1.1. Overview

        18.1.2. Product Portfolio

        18.1.3. Sales Footprint

        18.1.4. Strategy Overview

    18.2. Archer Daniels Midland Company

        18.2.1. Overview

        18.2.2. Product Portfolio

        18.2.3. Sales Footprint

        18.2.4. Strategy Overview

    18.3. Ingredion Inc.

        18.3.1. Overview

        18.3.2. Product Portfolio

        18.3.3. Sales Footprint

        18.3.4. Strategy Overview

    18.4. E. I. du Pont de Nemours and Company

        18.4.1. Overview

        18.4.2. Product Portfolio

        18.4.3. Sales Footprint

        18.4.4. Strategy Overview

    18.5. Tate & Lyle PLC

        18.5.1. Overview

        18.5.2. Product Portfolio

        18.5.3. Sales Footprint

        18.5.4. Strategy Overview

    18.6. Ashland Inc.

        18.6.1. Overview

        18.6.2. Product Portfolio

        18.6.3. Sales Footprint

        18.6.4. Strategy Overview

    18.7. Kerry Group PLC

        18.7.1. Overview

        18.7.2. Product Portfolio

        18.7.3. Sales Footprint

        18.7.4. Strategy Overview

    18.8. Koninklijke DSM N.V.

        18.8.1. Overview

        18.8.2. Product Portfolio

        18.8.3. Sales Footprint

        18.8.4. Strategy Overview

    18.9. Fuerst Day Lawson Limited

        18.9.1. Overview

        18.9.2. Product Portfolio

        18.9.3. Sales Footprint

        18.9.4. Strategy Overview

    18.10. W Hydrocolloids, Inc.

        18.10.1. Overview

        18.10.2. Product Portfolio

        18.10.3. Sales Footprint

        18.10.4. Strategy Overview

    18.11. Nestlé Health Science S.A

        18.11.1. Overview

        18.11.2. Product Portfolio

        18.11.3. Sales Footprint

        18.11.4. Strategy Overview

    18.12. AkzoNobel N.V.

        18.12.1. Overview

        18.12.2. Product Portfolio

        18.12.3. Sales Footprint

        18.12.4. Strategy Overview

    18.13. Acuro Organics Limited

        18.13.1. Overview

        18.13.2. Product Portfolio

        18.13.3. Sales Footprint

        18.13.4. Strategy Overview

    18.14. Darling Ingredients, Inc.

        18.14.1. Overview

        18.14.2. Product Portfolio

        18.14.3. Sales Footprint

        18.14.4. Strategy Overview

    18.15. Jungbunzlauer Holding AG 

        18.15.1. Overview

        18.15.2. Product Portfolio

        18.15.3. Sales Footprint

        18.15.4. Strategy Overview

    18.16. Arthur Branwell & Co Ltd

        18.16.1. Overview

        18.16.2. Product Portfolio

        18.16.3. Sales Footprint

        18.16.4. Strategy Overview

    18.17. Naturex S.A.

        18.17.1. Overview

        18.17.2. Product Portfolio

        18.17.3. Sales Footprint

        18.17.4. Strategy Overview

    18.18. Deosen USA, Inc.

        18.18.1. Overview

        18.18.2. Product Portfolio

        18.18.3. Sales Footprint

        18.18.4. Strategy Overview

    18.19. Euroduna Food Ingredients GmbH

        18.19.1. Overview

        18.19.2. Product Portfolio

        18.19.3. Sales Footprint

        18.19.4. Strategy Overview

19. Assumptions and Acronyms Used

20. Appendix

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Food Thickening Agents Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2028