Title: Food Thickeners Market Analysis Report, Share, Growth, Price Trends and Forecast by 2024
1Food Thickeners Market Drivers and Challenges
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2Regional Analysis of Food Thickeners Market
- North America, driven by Canada and the U.S. food
thickeners market size, may witness significant
gains owing to increase in protein, starch, and
hydrocolloids consumption should favor regional
industry growth. - Asia Pacific, led by Japan, India, South Korea,
and China food thickeners market size, should
register significant growth over the forecast
timeframe. Most of the manufacturing companies
are focusing on product development along with
rise in health consciousness may favor regional
growth. Japan bakery market size may exceed USD
30 billion by 2014 owing to cereals, baked goods,
and biscuit consumption along with growing health
awareness may drive food thickeners market
growth. - Europe, driven by UK, France, Italy, and Germany
food thickeners market size may grow steadily
over the foreseeable timeframe. Favorable
government regulations regarding certain feed
additives may support regional growth.
3Application Analysis of Food Thickeners Market
- Xanthan Gum Market size was over USD 740 million
in 2015, and expects gains at of 6. Global
xanthan gum market size was valued at over USD
745 million in 2015, with gains at over 6.
Change in consumer lifestyle in China, India,
Brazil, and Russia has increased ready-to-eat
(RTE) meals demand, which may drive industry
growth. It is also used in cosmetic products in
manufacturing various personal care and skin care
products may enhance product demand. Favorable
regulations by FDA and USDA regarding usage of
xanthan gum in medicine and bakery products may
stimulate food thickeners market size. Xanthan
gum is used as food thickening agents mainly in
salad dressings - Global gelatin market may generate over 413 kilo
tons in 2015 owing to its excellent binding
properties in pharmaceutical industry. Increase
in convenience food demand in China and India
should drive industry growth. Gelatin food
thickeners market may witness steady growth over
the forecast timeframe. -
4Application Analysis of Food Thickeners Market
- Global bakery market size may register close to
6 growth over the forecast timeframe. Increasing
functional ingredients bakery products along with
rise in cakes and pastries consumption mainly in
the U.S. should food thickeners industry growth.
Global bakery products market size may exceed USD
490 billion by 2024. Increase in bread and baked
good consumption may stimulate food thickeners
market growth. - Global confectionery market size may register
over USD 185 billion in 2015 and is projected to
reach USD 235 billion by 2024, with gains at over
3.5. It includes chocolates, candies, and other
sugar products. Increase in obesity rate and
diabetic patients owing to rise in confectionery
consumption may hinder industry growth - Global frozen food market size may reach over USD
25 billion by 2024, with gains at over 8. The
market is driven mainly by the usage of food
thickeners such as starch, hydrocolloids and
proteins for enhancing flavor, giving textures to
products.
5Competitive Market Share of Food Thickeners
Market
- Global food thickeners market share is moderately
consolidated. Key market players include Cargill,
DuPont, ADM, Kerry Group and Ingredion
Corporation. Other prominent companies include
Tate Lyle, Darling Ingredients, Fuerst Day
Lawson, CP Kelco, Ashland Specialty Ingredients,
and TIC Gums. - Most of the manufacturing companies are focusing
on enhancing product portfolio and expand
regional business. DuPont produces Grindsted
xanthan which is used as an ingredient which is
used as thickening and suspending agent in savory
dressings, bakery, beverages, and dairy products.
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