With a market size valued at $ 18.6 billion by 2026, this is a healthy prospect for the global food thickeners market.
FACTS AT A GLANCE
Editing: 5; Posted: April 2021
Executive pool: 691
Companies: 55 – Players covered include Archer Daniels Midland Company; Ashland; Cargill, Inc .; CP Kelco United States, Inc .; Cherished Ingredients, Inc .; DuPont De Nemours, Inc .; FDL Ltd. ; Ingrédion Inc .; Kerry Inc .; Medline Industries, Inc .; Naturex SA; Tate & Lyle SA; TIC Gums, Inc. and others.
Blanket: All major geographies and key segments
Segments: Source (plant, animal); Type (hydrocolloids, proteins, starch); Application (bakery, confectionery, sauces and dips, beverages, ready meals and processed foods, other applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Food Thickeners Market To Reach $ 18.6 billion by 2026
In the midst of the COVID-19 crisis, the global food thickeners market is estimated at US $ 13.3 billion in 2020, is expected to reach a revised size of US $ 18.6 billion by 2026, with a CAGR of 5.7% over the analysis period. The factory, one of the segments analyzed in the report, is expected to register a CAGR of 6.2% and reach US $ 13.5 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Animal segment is readjusted to a revised CAGR of 4.7% for the next 7 year period.
The US market is estimated at $ 3.7 billion in 2021, when China is expected to reach $ 4 billion by 2026
The food thickeners market in the United States is estimated at US $ 3.7 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 4 billion by 2026, with a CAGR of 9.4% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 3.1% and 4.6% respectively over the analysis period. In Europe, Germany is expected to grow at around 4% CAGR. Following
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