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.
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.
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 Scope4 Key Assumptions7 Opportunities and Challenges in the Market15 Value Chain Analysis17 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Market Snapshot
8 Global Thickeners and Vegetable Gums Market Analysis
9 North America Thickeners and Vegetable Gums Market Analysis
10 Europe Thickeners and Vegetable Gums Market Analysis
11 Asia Pacific Thickeners and Vegetable Gums Market Analysis
12 Latin America Thickeners and Vegetable Gums Market Analysis
13 Middle East and Africa Thickeners and Vegetable Gums Market Analysis
14 Market Dynamics
16 Competitive Landscape
List of Key Figures and Tables
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
Report Attribute | Details |
---|---|
No. of Pages | 184 |
Published | October 2023 |
Forecast Period | 2023 - 2028 |
Estimated Market Value ( USD | $ 13.4 Billion |
Forecasted Market Value ( USD | $ 18.01 Billion |
Compound Annual Growth Rate | 6.1% |
Regions Covered | Global |
No. of Companies Mentioned | 8 |