Firming Agents Market Outlook
The firming agents market size is anticipated to rise at a CAGR of 8% from 2022 to 2032, from a value of US$ 4.22 Bn in 2022 to US$ 9.12 Bn by 2032. Key factors propelling the demand for firming agents are:
- Increased investment in nutritious and useful meals that strengthen the immune system.
- Sales of plant-based snacks, spreads, dips, creamers, sauces, cheese, and other foods and drinks are surging as consumers become more interested in clean labels and vegan items.
- Businesses are using Blockchain and other Internet of Things (IoT) technologies more often to efficiently handle the sourcing, processing, and delivery of items containing firming agents.
- Due to rising health, ingredient, and environmental concern, as well as the current public health crises, the top-selling proportions are characterized as organic, vegan, bio-based, canned/ready-to-eat (RTE), clean label, and sustainable.
- Throughout the projection period, top companies in the firming agents market are anticipated to continue to focus on mergers and acquisitions to expand their portfolios, leverage capabilities, and acquire new technologies.
Firming Agents Market Value (2022)
US$ 4.22 Bn
Firming Agents Market Forecast Value (2032)
US$ 9.12 Bn
Firming Agents Market CAGR (2022-2032)
Food and beverages additives are those substances which are added in order to preserve food and beverages products, enhance flavor, taste, nutritional value and appearance of the final product.
The different types of food additives include flavor enhancer, firming agents, preservatives, enzymes, fat replacers, colorants, emulsifiers and others.
Firming agents are those food additives which primarily prevent softening of processed fruits, vegetables, or fish product, especially during the process of canning. These also provides firmness to the curd and to certain types of cheese. Increasing demand of canned food products across the globe is expected to contribute to the demand for firming agents during the forecast period.
Rising Demand for Processed Food Propels the Firming Agents Market Growth
The demand for processed food has grown globally as a result of changing lifestyles and nutritional habits, as well as an increase in the number of working women and the desire for convenience foods brought on by sedentary lifestyles. The demand for and usage of firming agents have increased along with the demand for processed food.
The types of food additives that are utilized as additives in many food items include stabilizers and firming agents. To preserve and improve the flavor and texture of processed foods, stabilizers and firming agents are added to a variety of food products.
In addition to serving as preservatives, firming agents are employed by manufacturers to extend the shelf life of food items such as confectionery products, primarily cakes, pastries, chocolates, and dragees. Given the rise in processed foods, firming agent sales have surged and are likely to continue to do so. Due to these factors, the demand for firming agents is anticipated to increase in the bakery and functional food application segments.
Trends and Opportunities for Firming Agents Manufacturers
The firming agents industry is expanding globally, which is creating multiple opportunities for both established and new industry participants. Opportunities for participants in the global market for firming agents are anticipated to arise from the rising trend in the consumption of ready-to-eat meals. The sales of firming agents are also get influenced by factors including the cost of raw materials, the visual appeal of packaging, and the sustainability and efficiency of various packaging alternatives.
The demand for firming agents derived from natural sources has increased due to consumer preference for organic and natural food additives. This has also created opportunities for market players to invest in developing new products derived from natural sources and expanding their market share. To boost their market presence, the major players in the market are entering untapped and developing markets.
Firming Agents Market Segmentation
Firming agents market is segmented on the basis of application which includes canned fruits and vegetables, canned meat and fish products, frozen fruits and vegetables, frozen meat and fish products, pickles and cheese.
Among all the above segments canned fruits and vegetables is expected to occupy the major position on the pie followed by canned meat and fish products.
Increased consumption of canned sea food products such tuna, shrimp, lobsters, salmon, crab meat and others is expected to support the demand for firming agents in canned meat and fish products over next five to six years.
Firming agents market is also segmented on the basis of types which includes aluminum sulphate, ammonium aluminum sulphate, calcium chloride, calcium citrate, calcium gluconate, calcium lactate, calcium phosphate (dibasic), calcium phosphate (monobasic), calcium sulphate, potassium aluminum sulphate and sodium aluminum sulphate.
Among all the above segments calcium chloride is expected to account for the major market share. As a firming agents calcium chloride possess wide application especially in canned fruits and canned seafood product which is expected to support its growth in the near future. Moreover, calcium phosphate (monobasic) is predicted to show a substantial growth in firming agents market followed by calcium citrate during the forecast period.
On the basis of geography, North America is predicted to be dominant in terms of revenue contribution in firming agents market followed by Europe. In North America the US expected to occupy the highest position on the pie in firming agents market followed by Canada.
In Europe, countries such as Germany and France are predicted to accounts for the largest market share followed by United Kingdom. Whereas, Asia pacific is concerned it is expected to register a healthy growth by 2020.
In Asia pacific region China is expected to be the most dominant market for firming agents followed by Japan. Rising disposable income, has led the consumer inclination towards more canned fruits and vegetables, which is expected to support the growth of firming agents market across Asia Pacific region.
Firming Agents Market Drivers and Restraints
Rising demand for canned fruits and vegetables and canned seafood products primarily in developing regions is expected to support the growth of firming agents during the forecast period.
Moreover, increased demand of those fruits and vegetables which are less available throughout the year is also expected to witness a robust growth in firming agents market in the near future. However, firming agent is not applicable in varieties of food application, which may hinder its growth during the forecast period.
Firming Agents Market Key Players
Some of the major player operating in firming agents market include Allied Custom Gypsum, Inc., American International Chemical (AIC), AMT Labs & Kelatron, BGR Chemical Products, Dalian Future International Co., Ltd., Food Ingredient Technology Co., Ltd., Hefei TNJ Chemical Industry Co., Ltd., Liaoyang Fuqiang Food Chemical Co., Ltd., Ronas Chemicals Ind.Co.,Ltd., and Zhejiang Wecan Biotechnology Co., Ltd., among others.
The report covers exhaustive analysis on
- Firming Agents Market Segments
- Firming Agents Market Dynamics
- Historical Actual Market Size, 2012 - 2014
- Firming Agents Market Size & Forecast 2015 to 2025
- Supply & Demand Value Chain
- Firming Agents Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- Firming Agents Market Drivers and Restraints
Regional analysis for Firming Agents Market includes
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
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