IMARC Group’s report titled “Food Thickeners Market Report by Type (Protein, Starch, Hydrocolloids), Source (Plant, Animal, Microbial), Application (Bakery, Confectionery, Sauces and Dips, Beverages, Convenience and Processed Food, and Others), and Region 2024-2032”, The global food thickeners market size reached USD 15.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 22.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.54% during 2024-2032.
Factors Affecting the Growth of the Food Thickeners Industry:
In 2024, there is a growing preference for food products that have simple and natural ingredients. This is leading to a rise in demand for clean label food thickeners, such as guar gum, xanthan gum, and arrowroot. Consumers are becoming more health-conscious and are avoiding foods with artificial additives and synthetic ingredients. Many are also looking for gluten-free and allergen-free options due to dietary restrictions or allergies. As a result, food manufacturers are reformulating their products, switching to more natural and plant-based alternatives to meet this demand. This shift towards cleaner, healthier ingredients is helping the food thickeners market grow.
The demand for ready-to-eat and convenience foods continues to rise, especially among busy consumers who need quick meal solutions. Food thickeners are an essential part of many processed food products, such as soups, sauces, dressings, and dairy items, where they help improve texture, mouthfeel, and overall product quality. The growing popularity of global and fusion cuisines is also increasing the need for a wider variety of thickeners to suit different culinary styles and applications. As processed foods become more popular, the demand for effective and versatile food thickeners is expected to keep growing. Manufacturers are investing in new formulations and technologies to meet these evolving demands.
Technological advancements are making food thickeners more efficient and cost-effective. New extraction and processing techniques allow manufacturers to create thickeners that work better with lower amounts, which reduces production costs. Innovations in hydrocolloid technology are enabling the development of thickeners that can achieve the desired consistency with less effort. Additionally, multifunctional thickeners that not only improve texture but also offer health benefits, like added fiber or better gut health, are gaining popularity. These thickeners meet the growing demand for functional foods that provide both nutrition and convenience. As manufacturers continue to improve thickening technologies, the food thickeners market is likely to expand, offering new opportunities for growth.
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Leading Companies Operating in the Global Food Thickeners Industry:
