(Entertainment-NewsWire.com, June 25, 2018 ) Global Food Thickeners Market was valued at USD 12.30 Billion in the year 2017. Global Food Thickeners Market is further estimated to grow at a CAGR of 5.28% from 2018 to reach USD 16.74 Billion by the year 2023. The North American region holds the largest market share in 2017 and Asia Pacific market is considered as the fastest growing market in the forecasted period. The U.S. holds the major market in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years.
Cargill (U.S), E. I. Du Pont De Nemours and Company (U.S), Kerry Group PLC (Ireland), Archer Daniels Midland Company (U.S), Tate & Lyle Plc. (UK), Darling Ingredients Inc. (U.S), CP Kelco (U.S) and Fuerst Day Lawson Ltd. (U.K) are some of the key players in the Food Thickeners market. Organic growth strategies adopted by most of the top players in recent years provides comprehensive market opportunities for the various stakeholder
Drivers
Growing usage of thickeners in soups, sauces, and puddings especially in home cooking
The rise in the usage of natural thickeners
Restraints
High dosage of food thickeners has adverse health effects and its restraining growth of the market
Opportunity
Growing usage of thickeners in the medical treatment such as Dysphagia patients
Challenges
Food thickeners need to follow strict government regulations for its varied application base
Between Protein, Starch and Hydrocolloid, Starch segment because of the growing awareness, abundant supply and availability are expected to hold the highest market share during the forecast period. On the other hand, the dairy & frozen desserts application types for this market is expected to grow at the highest CAGR during the year 2018-2023. The dairy & frozen desserts segment holds the substantial market share because of its large availability and usage across regions. The global market, based on source, has been segmented by Plant, by Animal, and by Microbial. The plant-sourced food thickeners dominated the global food thickeners market in 2017 and are also the fastest-growing market during the forecast period.
Key Benefits for Stakeholders
Food Thickeners Manufacturers, Distributors and Retailers
Stabilizers, and Gelling Agents manufacturers
Technology Standards Organizations, Forums, Alliances and Associations
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