Global Food Thickeners Market to Exceed Valuation of USD 13,140.12 million at an 5.5% CAGR by 2029

Market Analysis and Insights: Global Food Thickeners Market

The global food thickeners market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.5% in the forecast period of 2022 to 2029 and is expected to reach USD 13,140.12 million by 2029 from USD 8,558.00 million in 2021. Rising demand for non-alcoholic drinks, including fruit juices and energy drinks, thus driving the global Food thickeners market growth.

Food thickeners are defined as the food modifying agents that are used to modify the texture structure of food & beverages. They are used to increase the thickness of food & beverages, helping absorb the water content in the edibles once they are integrated into the products. These products are majorly utilized to modify the viscosity of these products, giving them a consistent overall structure. The market's most widely used food thickeners are starches, followed by hydrocolloids and proteins. Food thickeners are used in food applications such as bakery products, confectionery products, sauces, dressings, marinades, gravies, beverages, dairy, frozen desserts, convenience, processed food, among others.

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Global Food Thickeners Market Scope and Market Size

The global food thickeners market is segmented into five notable segments based on type, form, nature, source and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of type, the global food thickeners market is segmented into protein, starch, hydrocolloids, pectin, and others. In 2022, the hydrocolloids food thickeners segment is expected to dominate the market due to growing use of hydrocolloids in confectionery products which mainly include jam, jelly, marmalade, chewing gum, and low sugar/calorie gels.
On the basis of form, the global food thickeners market is segmented into gel, powder, granules, and others. In 2022, the powder segment is expected to dominate the market due to easy to use nature of powder form and maintain as compared to other form food thickeners.
On the basis of nature, the global food thickeners market is segmented into GMO and non-GMO. In 2022, non-GMO segment is expected to dominate the market due to the growing demand for organic, naturally grown foods.

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Competitive Landscape and Global Food Thickeners Market Share Analysis

The global food thickeners market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points are only related to the company's focus on the global food thickeners market.