U.S (New York)– The “Food Thickeners Market ” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The global food thickeners market was valued at $10,520 million in 2016, and is expected to grow at a CAGR of 5.2% from 2017 to 2023 to reach $15,150 million by 2023. Food thickeners or thickening agents provide texture, improve stability, and increase suspension of added ingredient to increase the viscosity of aqueous mixture, without modifying its other properties, specifically taste. In food & beverages applications, thickeners are used to give palatability, texture, bulking, and other properties to food products. These are extensively used in a range of food products such as sauces, seasonings, condiments, soups, meat, poultry, snack foods, cereals, and breakfast.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
In 2016, Europe was the leading region, in terms of value, owing to the availability of healthy food products developed by food & beverages manufactures considering consumers’ health. Moreover, consumer demand for healthy and low-fat food boosts growth of in Europe.
Factors such as increase in demand for convenience food, rise in disposable income, and the advantages & various functions associated with the use of food thickeners is expected to drive the global market during the forecast period. Further, consumer’s inclination towards healthy food and lifestyle is expected to create a major growth opportunity to the global industry players. However, volatile cost and high R&D cost associated with the production of food thickeners may impede the market growth.
The global food thickeners market is segmented based on type, source, application, and region. On the basis of type, it is divided into starch, protein, and hydrocolloid. On the basis of source, it is classified into plant, animal, and microbial. On the basis of application, it is categorized into bakery; confectionery; sauces, dressings, marinades, & gravies; beverages; dairy & frozen desserts; and convenience & processed food. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current & emerging trends and dynamics of the global food thickeners market.
In-depth analysis of all regions is conducted by constructing the market estimations for key segments between 2017 and 2023 to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the companies for market expansion.
This study evaluates the competitive landscape to understand the market scenario across various regions.
Extensive analysis is conducted by following the key player positioning and monitoring the top competitors within the market framework.
The major market players profiled in the report are as follows:
Archer Daniels Midland Company
Cargill, Inc.
E. I. DuPont de Nemours and Company
Ingredion Incorporated
Kerry Group Plc.
CP Kelco
Darling Ingredients
Tate & Lyle PLC.
Ashland Specialty Ingredients
TIC Gums
The other major players in the industry include the following
Fuerst Day Lawson
The Dow Chemical Company
Naturex SA
Medline Industries Inc.
KEY MARKET SEGMENTS
By Type
Starch
Protein
Hydrocolloid
By Source
Plant
Animal
Microbial
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By Application
Bakery
Confectionery
Sauces, Dressings, Marinades, & Gravies
Beverages
Dairy & Frozen Desserts
Convenience & Processed Food
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Spain
UK
Russia
France
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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