The global Food Thickeners Market is expected to reach USD 18.98 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for the product in carbonated drinks and flavored beverages, is expected to drive the market growth over the forecast period.
Archer Daniels Midland Company, CP Kelco and Cargill Inc., are three major companies involved in manufacturing and supply of food thickeners internationally. These companies have tie-ups with farmers and other small scale raw material suppliers to procure raw material, which is then converted into various flavored food thickeners. High production volumes, huge product portfolio and wide distribution network of these players have resulted into their high market share.
The high-shelf life, wide availability, and low cost, are the factors which have made starch and its derivatives, a preferred choice for incorporation in bakery products and confectionery. Hydrocolloid based thickeners on the other hand have high stability, thickening, and gelling properties. However, its growth is expected to be hampered on account of its high price.
Manufacturers indulged in the industry stock raw materials to eliminate third-party intermediaries, and to avoid supply shortages. Major players are challenged with raw material price volatility and investments for product innovation required to survive the stiff competition in the market. The new entrants need to come up with significantly improved product quality with competitive pricing in order to sustain in the industry.
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Further key findings from the report suggest:
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Grand View Research has segmented the global food thickeners market on the basis of product, application, and region:
Food Thickeners Product Outlook (Revenue, USD Million; 2014 – 2025)
Food Thickeners Application Outlook (Revenue, USD Million; 2014 – 2025)
Food Thickeners Regional Outlook (Revenue, USD Million; 2014 – 2025)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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