Food Thickener Market Trends, Challenges and Growth Drivers 2016-2024

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Food Thickener Market Growth Drivers and Forecast
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Regional Analysis of Food Thickener Market

• North America was a major contributor of food
  thickeners market share in 2016, while Asia
  Pacific is the fastest growing region in the
  industry. The reason for North America being the
  biggest consumer of product is due to heavy
  consumption of starch, protein and polysaccharide
  based derivatives in a wide range of foods
  beverages. The rising product demand in Asia
  Pacific can be attributed to the rising
  disposable income and enhanced spending pattern
  which has resulted in growing consuming a wide
  variety of foods and beverages product. Thus,
  manufacturers in Asia Pacific are focusing on
  health aspects, product innovation and improving
  the overall characteristics of product such as
  flavor, texture and other organoleptic
  properties. Thus, Asia Pacific is likely to be
  the fastest growing region over the forecast
  timespan.

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Application Analysis of Food Thickener Market

• The prominent industries where food thickeners
  have vital applications are food beverage,
  confectionary and bakery. Other applications of
  the product include convenience processed
  foods, sauces, dairy frozen desserts and
  marinades gravies. Among these, dairy frozen
  desserts is the largest application segment of
  the food thickener market. This can be attributed
  to wide usage of the product as starch and
  protein for thickening and improving other
  functional properties such as texture and flavor
  in products. Additional benefits of the product
  such as water binding, fat replacement,
  texturizing and emulsifying make it highly
  desirable in beverage industry.

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Competitive Market Share of Food Thickener
Market

• The prominent players operating in the food
  thickeners market share are Sigma-Aldrich Company
  LLC, Cargill, Archer Daniels Midland Company,
  Ingredion Incorporated, Kerry Group PLC, Tate
  Lyle PLC, TIC Gums and Ashland Specialty
  Ingredients. Other companies include Simply Thick
  LLC, Walgreen Company and Hormel Foods
  Corporation. The key food thickeners market share
  contributors are primarily focusing on tapping
  the enormous market potential of developing
  countries. These players are establishing huge
  production facilities to fulfil the rapidly
  increasing local product demand in these
  developing regions including Asia Pacific and
  Latin America.

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