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Growing demand for plant based thickeners
VANCOUVER, BC, CANADA, March 13, 2022 /EINPresswire.com/ — Global Food Thickeners Market Size to Reach US$ 13.61 Billion in 2020 and is expected to register a Revenue CAGR of 5.6% during the forecast period, as per the latest analysis. have hope. by Emergen Research. Some of the key factors driving the global food thickener market revenue growth are changing food preference among consumers and increasing demand for agar thickening agents in bakeries. Rising demand for plant-based thickeners is also expected to boost the revenue growth of the market in the times to come.
The report provides a comprehensive overview of the market with details of market size, market share, revenue growth and top companies. The report contains all the important and essential information related to the global Food Thickeners market to help readers, investors, clients get a complete understanding of the market and invest accordingly. Various advanced statistical tools such as SWOT analysis or Porter’s five forces are used in the report.
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Along with changing customer preferences, the demand for convenience food is increasing. Increasingly hectic lifestyle, booming retail trade, increasing development of new products, increasing demand for ready to eat food products are driving the demand for packaged foods. In addition, as the global population increases, food consumption is also increasing, which has a favorable effect on food production. The growth of the market is fueled by an increase in global export and import trade activities involving packaged foods with the aim of enhancing and maintaining the quality of food and hygiene.
competitive landscape:
Partnerships and collaborations allow key players to maintain market position
Major players in the market focus on implementing various business development strategies such as mergers, partnerships, alliances and acquisitions. Furthermore, the major players implement innovative strategies to enhance their product portfolio. These strategies allow companies to expand their market reach and gain a competitive advantage in an emerging market.
Efficient companies in the Global Food Thickeners Market:
Archer Daniels Midland Company, Cargill Inc., DuPont de Nemours, Inc., Carey Group plc, Tate & Lyle plc, Medline Industries, Inc., TIC Gums, Inc., CP Calco US, Inc., Feuerst de Lawson Ltd., and composition involved
Highlights of the report
The revenue of the Hydrocolloids segment is expected to expand at a fairly rapid CAGR during the forecast period, as a result of increasing use of Hydrocolloids as food thickeners.
The Plant segment is expected to grow in terms of revenue over the forecast period. Due to the growing trend of vegetarian food culture, especially in baked products, confectionery and processed food, plant-derived food thickeners are in high demand among customers.
North America is expected to account for the larger revenue share as compared to other regional markets in the forecast period. Food & beverage sectors are well developed in the countries of the region, which is expected to drive the market revenue growth in North America.
The report also covers the scope of different applications and types in each area. The report includes details regarding production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands affecting market growth in the region and strong presence of major players in the region.
Emergen Research has divided global foods by type, source, application and region:
Type Outlook (revenue, USD billion; 2018–2028)
starch
protein
hydrocolloids
So that
gelatin
pectin
xanthan gum
Other
Source Outlook (revenue, billion dollars; 2018–2028)
microorganism
Animal
Plant
Application Outlook (revenue, billion dollars; 2018–2028)
sweet shop
Bakery
drink
Sauce
Convenience and Processed Food
Dairy and Frozen Desserts
Other
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Report Coverage:
The report provides factual information and statistical data regarding market developments and recent trends in the industry. Furthermore, the report highlights the impact of the COVID-19 pandemic on the growth and development of the market. Also, the drivers and restrictions affecting the growth of the market are further elaborated in this report. The report also highlights the key key players and their business development strategies.
The regional segmentation includes current and forecast estimates of the market in key geographies such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Regional Analysis Covered:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, rest of the EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of the Ministry of External Affairs)
Key Features of the Food Thickener Market Report:
The report provides details about key drivers, constraints, opportunities, challenges, growth prospects, limitations and threats
The report includes details about major companies, product portfolio as well as specifications, production valuations and market shares
Evaluation of key current and emerging market trends and growth prospects
It also presents research-backed estimates for the forecast period of eight years, primarily to estimate potential market growth.
Brief description of the industry in relation to research and development, technological progress and product development
In-depth assessment of upstream raw material, downstream buyers, demands and current market scenario
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