Food Thickening Agents Market

Food Thickening Agents Market: Incorporation of Naturally Derived Food Thickening Agents in Prepared Food Products to Thrive: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)

2018-08-24
REP-GB-7244
269 pages

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Food Thickening Agents Market

An Incisive, In-depth Analysis on the Food Thickening Agents Market

This study offers a comprehensive, 360 degree analysis on the Food Thickening Agents market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Food Thickening Agents market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Among prominent countries accounting for a significant pie of global food sales, the U.S., European Union, and Japan together combined to account for over 60% of the overall processed food sales at retail. Trade liberalization policies through multilateral and regional trade agreements have led to a rapid growth of food & beverages. In the Asia-Pacific region, Japan is the largest food processing market, but India, as well as China, are likely to grow at a significant rate. The processed food industry in Japan and South Korea is vital due to the significant quantity of meat imported for both domestic consumption and further processing in the preparation of packaged and ready meals.

Food thickening agents have the ability to increase the viscosity of a liquid without altering its properties. Food thickening agents help in increasing the stability of the product by improving the suspension of other ingredients. Food thickening agents are commonly used to add a creamy and flavourful texture to any sweet or savory recipe without changing the original taste. Over the years, food thickening agents have been widely used for patients suffering from swallowing difficulty or dysphagia.

On the basis of source, the food thickening agents are derived from plant, seaweed, microbes, animal and synthetic compounds. Food thickening agents find applications in various segments, including bakery & confectionery, sauces & dressings, meat & poultry, dairy, beverages, among others.

Productive Growth for Plant Sourced Food Thickening Agents

Among the source segment, food thickening agents derived from plant-based sources are anticipated to register a high growth rate of 4.7% in terms of revenue in the global food thickening agents market, owing to increasing awareness of plant-sourced products and their associated quality by consumers across the globe.

Increasing Demand for Food Products with Good Taste and Mouth Feel

Food processing companies face the pressure of developing innovative food products without comprising on the original taste and quality. The ability of food thickening agents to increase the viscosity of a liquid without causing an alternation in other properties and providing an improved mouthfeel has caused an accelerating shift of food manufacturers towards them.

For instance, Novo Alpi Srl, an Italian-based prepared food manufacturing company, provides ready-to-eat cakes and slices made by using natural food thickening agents such as tapioca and maize starch, under its brand Agluten.

Increasing Prevalence of Swallowing Difficulty Among Aging Adults

Difficulty in swallowing, or dysphagia in medical terms, has witnessed a significant increase over the years, especially by the aging population. Food thickening agents help in slowing down the transit of fluids and food, providing more coordination time for the swallowing process. Thus, people suffering from dysphagia widely prefer the inclusion of food thickening agents in their meals for varying the consistency of their food.

For instance, Nestlé Health Science provides an innovative food thickening agent, designed especially for dysphagia patients, called Resource ThickenUp. This food thickening agent rapidly thickens the food without affecting its taste and odor.

Inclination towards Clean Label Ingredients

The increasing awareness of consumers, particularly regarding the ingredients in their food products, is responsible for making clean label products a pillar in the food industry. Consumers demand food products containing natural and simple ingredients. Food thickening agents are derived from plant as well as vegetable sources, thus, satisfying the consumer demand for no artificial additives and ingredients.

For instance, Archer Daniels Midland Company offers a wide range of starches such as corn, wheat, and tapioca. These starches are ideal food thickening agents for food products requiring a delicate texture, flavor, and light color. These starches not only function as thickeners but as binders and emulsifiers too, and have found wide applications in the bakery, confectionery, and dairy industries.

This report provides forecast and analysis of the global food thickening agents market. It provides historical data of 2013 along with estimated data for 2018, and forecast data up to 2028 in terms of revenue (US$ Mn) and volume (MT). The report also includes macroeconomic indicators along with an outlook on food thickening agents for the global market. It includes drivers and restraints of the global food thickening agents market and their impact on each region during the forecast period. The report also comprises the study of current industry trends and opportunities for food thickening agents. It also includes value chain analysis. In order to provide users of this report with a comprehensive view of the market, we have included detailed competitiveness analysis and market key players and strategic overview. The dashboard provides a detailed comparison of food thickening agents’ manufacturers on parameters such as total revenue, product offerings, and key strategy. The study encompasses market attractiveness analysis by application, source, and region.

Through a detailed study of the market, our analysts have observed that there is a tendency amongst end users of food thickening agents to shift towards naturally sourced food thickening agents, which is likely to result in an increase in market demand over the forecast period. Also, high prices of products sourced through other sources such as seaweed and animal are deemed to cause a concern in raw material procurement. The report further states that the use of food thickening agents in the food industry is likely to result in a lucrative market opportunity for producers of food thickening agents targeting this segment.

The report includes company profiles of key producers of food thickening agents and the revenue generated from the companies across North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, the Middle East & Africa. For the estimation of revenue, regional average prices were obtained through quotes from numerous food thickening agents producers, exporters, and distributors. All key applications segments of food thickening agents have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Some of the key data points collected for modeling approach include food additives industry scenario, hydrocolloids market outlook, average usage of additives, including food thickening agents, in food products, etc. The market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, and Hoovers, and company annual reports and publications. This report covers market dynamics related to food thickening agents that include drivers and trends driving each segment and opportunities in food thickening agents market. The report also includes analysis and insights into the potential of the food thickening agents market in specific regions. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, product portfolio of food thickening manufacturers and recent developments in the food thickening agents market space. Some of the key players analyzed are Cargill Inc., Archer Daniels Midland Company, Du Pont, Ingredion, Tate & Lyle, Ashland Group Holdings, CP Kelco, Akzo Nobel N.V., Kerry Group Plc, Fuerst Day Lawson, Koninklijke DSM N.V., Nestle Lifesciences, Naturex S.A., Acuro Organics Limited, Darling Ingredients, W. Hydrocolloids, Arthur Branwell Co. Ltd, Deosen USA Inc., Eurodana Food Ingredients among others.

Global Food Thickening Agents Market – By Source

Plant
- Guar Gum
- Gum Arabic
- Locust Bean Gum
- Pectin
- Starches
- Other Plant Sources
Seaweed
- Carrageenan
- Agar
- Alginate
Microbial
- Gellan Gum
- Curdlan
- Xanthan Gum
Animal (Gelatin)
Synthetic
- Carboxy Methyl Cellulose
- Methyl Cellulose