Global Food Thickeners Market Set for Further Growth, According to M&M Report Now Available at MarketPublishers.com03 Mar 2017 • by Natalie Aster
LONDON – The global market for food thickeners is projected to show sustainable growth in the coming years, with its CAGR being approximately 6% over the period 2016-2022. This growth will stem from an array of factors, such as the rising demand for convenience and processed foods, advantages associated with the use of food thickeners, and more.
High R&D costs that are associated with the development and production of food thickeners and changes in raw material costs are some of major restraints in this space.
Starch owns the largest share in this marketplace. It is set to be the swiftest growing segment in the coming years. There are some reasons for that: easy availability of starch across different regions, lower pricing, and optimum functionality, to name a few.
The plant source represents the number one source of food thickeners. It is set to showcase the highest CAGR in the upcoming years.
Beverages are projected to become the fastest growing segment over the period 2016-2022. Innovations taking place in the beverages sector and additional properties of food thickeners are some of major driving forces.
North America was the number one player in the marketplace as of 2015. It held this position thanks to high consumption of proteins, hydrocolloids, starch as well as its derivatives in different food products and beverages.
There are quite many companies involved in this market, and Cargill, Kerry Group, and Ingredion Incorporated are some of the major ones.
New research report “Food Thickeners Market by Type, Source, Application, and Region - Global Forecast to 2022” drawn up by M&M offers an all-round discussion of the world’s market for food thickeners. The study starts with a 360-degree overview of the marketplace.
It sheds light on dynamics of the market by exploring its drivers, restraints, opportunities, and more. The report looks at industry trends and analyzes the marketplace on the basis of the following factors: source, applications, regions, etc.
The research study throws light on the competitive environment and profiles major companies in the worldwide space. It also projects future changes in the market globally.
More new reports by M&M are available at its page.