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Food Thickeners Market Size
Food Thickeners Market size is estimated to observe around 5.9% CAGR from 2023 to 2032, due to the surging popularity of plant-based diets to cater to the fast-growing vegan and vegetarian population. As per the World Animal Foundation’s Stats of 2023, there are around 88 million vegans across the globe.
The growing burden of diabetes, obesity and blood pressure has led to the higher preference for organic products to counter high contamination issues in conventional dietary goods, further driving the demand for plant-based food thickeners. As per World Heart Foundation, 1 billion people globally, including 1 in 7 men and 1 in 5 women, are likely to live with obesity by 2030. The rising efforts towards the reduction of the environmental impacts of production processes leading to the development of eco-friendly packaging for thickeners will also contribute to the industry expansion.
Who are the leading suppliers of food thickeners?
Some of the major companies include Cargill, Ingredion, Ashland Specialty Ingredients ADM Company, Edesang, C P Kelko, Fooding Group, DowDuPont, and Jungbunzlauer.
How big is the food thickeners market?
The market size of food thickeners is set to record more than 5.9% CAGR during 2023 to 2032, due to the increasing advances across the food & beverage sector.
Why are plant-sourced food thickeners gaining traction?
Demand for plant-sourced food thickeners segment is projected to witness 5% CAGR from 2023 to 2032, attributed to the rising preference for fat free alternatives over microbial and animal-based thickeners.
What is the size of the AAPC food thickeners industry?
Asia Pacific market, led by China, Japan and India, is poised to witness over 5.5% CAGR through 2032, on account of the higher demand for ready-to-eat meals and convenience foods.