Food Thickening Agents Market Forecast(2022 - 2027)
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• Food Thickening Agents market size is forecast to reach $18.9 billion by 2026, growing at a CAGR of 5.8% during the forecast period 2021-2026. • Food thickening agents comes with a potential to magnify the viscosity quotient of a liquid without affecting the characteristics of the liquid. Additionally, when used they increase a product’s stability majorly by improving the suspension of other ingredients. • All purpose flour is the most popular food thickener, followed by cornstarch and arrowroot or tapioca. Hydrocolloids are also used extensively as thickeners as well as food additives. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways In order to promote healthy lifestyle, governments of all the major economies including their agencies have implemented schemes and policies which involves the use of healthy products to curb obesity, levels of cholesterol as well as diabetes. This move has augmented the growth of the market at a whole different level. Over time, there has been significant growth in the demand on nonalcoholic beverages which also encompasses energy drinks and fruit juices. To counter this need, the major market competitors worked keeping customization capabilities and formulation blends in mind, in which food thickeners played a pivotal role. This led the growth in the revenue of the market. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis Hydrocolloid accounted for majority of share revenue in 2020, making it the most prominent shareholder of the segment. There are different types of hydrocolloids which are used as food thickeners namely guar gum, pectin, locust bean gum, carrageenan gum, alginate, xanthan gum, and beta-glucan. Hydrocolloids have the ability to maintain stability even under low pH, thereby becoming fibre rich over a certain span of time. This particular property increases its arena of applications across the food and beverage industry.
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Food Thickening Agents Market Industry Outlook • Cargill Inc. • Archer Daniels Midland Company • Ingredion Inc. • Ashland Global Holdings Inc. • Dupont • Tate & Lyle PLC • CP Kelco U.S. Inc. • Kerry Inc. • TIC Gums Inc.
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Food Thickening Agents Market - Forecast(2022 - 2027) Learn More About the Report
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