Food Thickeners Market by Type (Hydrocolloids, Protein, Starch), Source (Plant, Animal, Microbial), Application (Bakery, Confectionery, Sauces, Marinades & Gravies, Beverages, Dairy, Convenience Foods), and Region - Global Forecast to 2022

Published by MarketsandMarkets on 10th February 2017 | Ref: 190163 | This Product Is In Stock

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Introduction

“The food thickeners market projected to grow at a CAGR of 5.95%”

The food thickeners market is projected to reach 15.80 billion by 2022 at a CAGR of 5.95% from 2016 to 2022. The market is driven by factors such as growth in demand for convenience foods, consumer awareness toward healthy diet, and multiple functionalities and advantages associated with the use of food thickeners. High R&D costs associated with the development and manufacturing of food thickeners, and fluctuations in raw material prices of hydrocolloids are the major restraints for this market.

“Starch is projected to be the fastest growing segment in the food thickeners market from 2016 to 2022”

The starch segment accounted for the largest market share in the food thickeners market in 2015, and is also projected to be the fastest-growing segment during the forecast period. Easy availability and abundant supply of starch across regions, and relatively lower price than other food thickeners, and optimum functionality are the factors driving growth for starch as thickening agents. They are also preferred because they do not negatively impact the organoleptic properties of food.

“Plant source led the market with the largest share in 2015”

Plant source was the most dominant source of food thickeners in 2015, and is also projected to grow at the highest CAGR for the next six years. This high demand and growth is attributed to factors such as cost effectiveness of plant source, abundant supply & ready availability with large number of suppliers, nutritional value at par with other sources, and greater level of acceptance by both, vegan and non-vegan populations.

“The beverages is projected to be the fastest growing application segment from 2016 to 2022”

The beverages segment is projected to be the fastest-growing during the forecast period. Factors such as additional properties of food thickeners such as fat replacement, water binding, emulsifying, and texturizing along with a number of innovations in the beverage sector are driving the use of thickeners in various beverage applications.

“North America led the market with the largest share in 2015”

North America was the largest food thickeners market in 2015. The dominant share of the North American region is attributed to its high consumption of hydrocolloids, proteins, and starch & starch derivatives in a diverse range of food & beverage applications .Asia-Pacific is projected to be the fastest-growing region during the forecast period. This is attributed to the growing volume consumption of various types of food thickeners in Asia-Pacific, as food & beverage manufacturers focus on product innovation, health aspects, and improving the functional characteristics such as texture, flavor, and other organoleptic properties of their products.

The breakdown of the primaries on the basis of company, designation, and region, conducted during the research study, is as follows:

 By Company type: Tier 1 – 30%, Tier 2 – 50%, and Tier 3 – 20%

 By Designation: Manager Level – 60%, C-Level – 40%

 By Region: Asia-Pacific – 57%, Europe – 29%, and North America – 14%

Key players include the following:

• Cargill (U.S.)

• Archer Daniels Midland Company (U.S.)

• E. I. du Pont de Nemours and Company (U.S.)

• Ingredion Incorporated (U.S.)

• Kerry Group Plc (Ireland)

The above-mentioned companies have collectively accounted for the largest portion of the food thickeners market in 2015. Other players also have a strong presence in this market. These players are as follows:

• Darling Ingredients (U.S.)

• Tate & Lyle PLC (U.K.)

• Ashland Specialty Ingredients (U.S.)

• CP Kelco (U.S.)

• TIC Gums (U.S.)

• Fuerst Day Lawson (U.K.)

The key players in the food thickeners market adopted expansions & investments as their key growth strategy to increase their market share and profits. Expansions & investments accounted for the highest percentage of the total developments, followed by acquisitions.

Research Coverage

The report analyzes the food thickeners market across different applications verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, source, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall food thickeners market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report will also help the stakeholders to understand the market and provide them information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

TABLE OF CONTENTS

1 INTRODUCTION 14

1.1 OBJECTIVES OF THE STUDY 14

1.2 MARKET DEFINITION 14

1.3 MARKETS COVERED 15

1.4 PERIODIZATION CONSIDERED 16

1.5 CURRENCY CONSIDERED 16

1.6 STAKEHOLDERS 16

1.7 RESEARCH STUDY LIMITATIONS 17

2 RESEARCH METHODOLOGY 18

2.1 RESEARCH DATA 18

2.2 MARKET SIZE ESTIMATION 21

2.3 MARKET BREAKDOWN & DATA TRIANGULATION 24

2.4 RESEARCH ASSUMPTIONS 25

3 EXECUTIVE SUMMARY 26

4 PREMIUM INSIGHTS 30

4.1 ATTRACTIVE OPPORTUNITIES IN THE FOOD THICKENERS MARKET 30

4.2 FOOD THICKENERS MARKET: MAJOR COUNTRIES 31

4.3 DEVELOPED VS. EMERGING MARKETS IN FOOD THICKENERS MARKET 32

4.4 FOOD THICKENERS MARKET, BY APPLICATION 33

4.5 FOOD THICKENERS MARKET, BY TYPE 34

4.6 FOOD THICKENERS MARKET, BY SOURCE 35

4.7 FOOD THICKENERS MARKET, BY TYPE & REGION 36

5 MARKET OVERVIEW 37

5.1 INTRODUCTION 37

5.2 MARKET SEGMENTATION 38

5.3 MARKET DYNAMICS 42

6 INDUSTRY TRENDS 47

6.1 INTRODUCTION 47

6.2 SUPPLY CHAIN ANALYSIS 47

6.3 REGULATORY ENVIRONMENT 48

6.4 U.S. 51

6.5 CANADA 53

6.6 EUROPE 58

6.7 JAPAN 61

7 FOOD THICKENERS MARKET, BY TYPE 62

7.1 INTRODUCTION 63

7.2 HYDROCOLLOIDS 65

7.3 PROTEIN 74

7.4 STARCH 77

8 FOOD THICKENERS MARKET, BY SOURCE 80

8.1 INTRODUCTION 81

8.2 PLANT 82

8.3 ANIMAL 83

8.4 MICROBIAL 84

9 FOOD THICKENERS MARKET, BY APPLICATION 85

9.1 INTRODUCTION 86

9.2 BAKERY 87

9.3 CONFECTIONERY 88

9.4 SAUCES, DRESSINGS, MARINADES & GRAVIES 89

9.5 BEVERAGES 89

9.6 DAIRY & FROZEN DESSERTS 90

9.7 CONVENIENCE & PROCESSED FOODS 91

10 FOOD THICKENERS MARKET, BY REGION 92

10.1 INTRODUCTION 93

10.2 NORTH AMERICA 94

10.3 EUROPE 101

10.4 ASIA-PACIFIC 108

10.5 REST OF THE WORLD (ROW) 115

11 COMPETITIVE LANDSCAPE 121

11.1 OVERVIEW 121

11.2 FOOD THICKNERS MARKET SHARE ANALYSIS (VALUE), BY KEY PLAYER, 2015 122

11.3 COMPETITIVE SITUATIONS & TRENDS 123

11.4 EXPANSIONS & INVESTMENTS 125

11.5 ACQUISITIONS 128

11.6 JOINT VENTURES & AGRREMENTS 129

11.7 NEW PRODUCT LAUNCHES 129

12 COMPANY PROFILES 130

(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*

12.1 INTRODUCTION 130

12.2 CARGILL 131

12.3 ARCHER DANIELS MIDLAND COMPANY 135

12.4 E. I. DU PONT DE NEMOURS AND COMPANY 138

12.5 INGREDION INCORPORATED 143

12.6 TATE & LYLE PLC 146

12.7 DARLING INGREDIENTS INC. 149

12.8 KERRY GROUP PLC 152

12.9 ASHLAND SPECIALTY INGREDIENTS 154

12.10 CP KELCO 156

12.11 TIC GUMS, INC. 158

12.12 FUERST DAY LAWSON LTD. 160

*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.

13 APPENDIX 161

13.1 DISCUSSION GUIDE 161

13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 165

13.3 RECENT DEVELOPMENTS 167

13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 168

13.5 AVAILABLE CUSTOMIZATIONS 169

13.6 RELATED REPORTS 170

13.7 AUTHOR DETAILS 171

Additional Details

Publisher

MarketsandMarkets

Publisher Information

Reference

190163 | FB 5004

Number of Pages

172

Report Format

PDF

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