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Thickeners and Vegetable Gums Market Report and Forecast 2023-2028

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    Report

  • 184 Pages
  • October 2023
  • Region: Global
  • Expert Market Research
  • ID: 5901121
According to this report, the global thickeners and vegetable gums market reached a value of approximately USD 12.62 billion in 2022. Aided by the escalating demand for processed foods and the thriving food and beverage sector, the market is projected to further grow at a CAGR of 6.10% between 2023 and 2028 to reach a value of USD 18.10 billion by 2028.

Thickeners and vegetable gums, obtained from natural sources such as seeds, seaweed, and tree saps, are commonly incorporated in a multitude of products including baked goods, sauces, beverages, and confectionery. They serve critical functions including enhancing texture, stabilising emulsions, and controlling crystallisation. In addition to their culinary properties, thickeners and vegetable gums also offer significant health benefits, such as aiding digestive health, controlling blood sugar levels, and lowering cholesterol.

The global thickeners and vegetable gums market growth is primarily fuelled by the rising consumer inclination towards processed and convenience foods. With increasing urbanisation and changing lifestyles, the demand for ready-to-eat and processed foods, where thickeners and vegetable gums are crucial ingredients, has seen a significant surge. Additionally, the health and wellness trend sweeping across the global consumer market has led to an enhanced demand for natural and plant-based ingredients, promoting the use of vegetable gums in food formulations.

Moreover, the expanding applications of thickeners and vegetable gums in various sectors is playing a significant role in propelling the thickeners and vegetable gums market development. For instance, in the pharmaceutical industry, these products are utilised as binders, disintegrants, and coating agents in the production of tablets and capsules. The cosmetics industry employs thickeners and vegetable gums for their hydrating and skin-protecting properties, vital in the development of numerous skincare and beauty products.

Further, the evolution of the food and beverage industry towards plant-based and vegan alternatives has steered an increased emphasis on thickeners and vegetable gums as crucial ingredients for these products. Amid the rising trend of veganism and the growing popularity of plant-based diets, thickeners and vegetable gums have surfaced as critical constituents in the creation of vegan cheese, dairy-free yoghurt, and other alternatives, thereby fuelling the thickeners and vegetable gums market expansion.

The emerging trend of clean-label products, where consumers demand transparency about ingredients used in food products, also aids the market growth. Thickeners and vegetable gums, derived from natural sources, align well with the clean-label criteria, driving the thickeners and vegetable gums market demand further.

Market Segmentation

The market can be divided based on type, nature, application, and region.

Market Breakup by Type

  • Polysaccharides
  • Proteins

Market Breakup by Nature

  • Organic
  • Conventional

Market Breakup by Application

  • Dairy Products
  • Sauces and Dressings
  • Bakery and Confectionary
  • Convenience Food
  • Beverages
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

This report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global thickeners and vegetable gums companies. Some of the major key players explored in this report are as follows:
  • Medline Industries, LP.
  • Ashland Inc.
  • Ingredion Incorporated
  • Tate and Lyle plc
  • Cargill, Incorporated
  • CP Kelco U.S., Inc.
  • Sinofi Ingredients
  • Hosokawa Alpine AG
  • Others

About the Analyst

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

The high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in this market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.

The analyst always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Thickeners and Vegetable Gums Market Analysis
8.1 Key Industry Highlights
8.2 Global Thickeners and Vegetable Gums Historical Market (2018-2022)
8.3 Global Thickeners and Vegetable Gums Market Forecast (2023-2028)
8.4 Global Thickeners and Vegetable Gums Market by Type
8.4.1 Polysaccharides
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Proteins
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Thickeners and Vegetable Gums Market by Nature
8.5.1 Organic
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Conventional
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Thickeners and Vegetable Gums Market by Application
8.6.1 Dairy Products
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Sauces and Dressings
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Bakery and Confectionary
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Convenience Food
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Beverages
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Thickeners and Vegetable Gums Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Thickeners and Vegetable Gums Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Thickeners and Vegetable Gums Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Thickeners and Vegetable Gums Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Thickeners and Vegetable Gums Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Thickeners and Vegetable Gums Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Medline Industries, LP.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Ashland Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Ingredion Incorporated
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Tate and Lyle plc
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Cargill, Incorporated
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 CP Kelco U.S., Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Sinofi Ingredients
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Hosokawa Alpine AG
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Thickeners and Vegetable Gums Market: Key Industry Highlights, 2018 and 2032
2. Global Thickeners and Vegetable Gums Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Thickeners and Vegetable Gums Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Thickeners and Vegetable Gums Historical Market: Breakup by Nature (USD Million), 2018-2022
5. Global Thickeners and Vegetable Gums Market Forecast: Breakup by Nature (USD Million), 2023-2028
6. Global Thickeners and Vegetable Gums Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Thickeners and Vegetable Gums Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Thickeners and Vegetable Gums Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Thickeners and Vegetable Gums Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Thickeners and Vegetable Gums Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Thickeners and Vegetable Gums Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Thickeners and Vegetable Gums Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Thickeners and Vegetable Gums Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Thickeners and Vegetable Gums Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Thickeners and Vegetable Gums Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Thickeners and Vegetable Gums Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Thickeners and Vegetable Gums Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Thickeners and Vegetable Gums Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Thickeners and Vegetable Gums Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Thickeners and Vegetable Gums Market Structure

Companies Mentioned

  • Medline Industries LP.
  • Ashland Inc.
  • Ingredion Incorporated
  • Tate and Lyle plc
  • Cargill Incorporated
  • CP Kelco U.S. Inc.
  • Sinofi Ingredients
  • Hosokawa Alpine AG

Methodology

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Table Information