Global Food Thickeners Market Expected to Be Biggest Emerging Market by 2022

Global Food Thickeners Market is accounted for $10.78 billion in 2016 and is expected to reach $15.80 billion by 2022 growing at a CAGR of 6.5% during the forecast period”. Growth in the demand for convenience foods & processed foods and changing in dietary meals are some of the key factors favouring the market growth. However, costly R&D process is hampering the market. New product innovation provides ample of opportunities for the market growth.

Starch segment commanded the largest market share and is also projected to grow at highest CAGR attributed to easy availability and low cost of startch in comparison to other food thickeners. Asia Pacific is anticipated to grow at the fastest CAGR due to increasing volume consumption of several types of food thickeners.

Some of the key players in Food Thickeners market include E. I. Du Pont De Nemours and Company, Tate & Lyle PLC, Archer Daniels Midland Company, Darling Ingredients Inc., Ingredion Incorporated, CP Kelco, TIC Gums, Inc., Ashland Specialty Ingredients, Fuerst Day Lawson Ltd.,Kerry Group PLC and Cargill, Inc.

Sources Covered:
Animal
Plant
Microbial

Applications Covered:
Sauces, dressings, marinades, and gravies
Dairy & Frozen Deserts
Confectionery
Convenience & Processed Foods
Bakery
Beverages

 

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