Market Size of North America Food Thickeners Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.24 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Food Thickeners Market Analysis
North America Food Thickeners Market is projected to grow at a CAGR of 4.24% during the forecast period 2020-2025.
- A thickening agent is a food additive that has the property of increasing the viscosity of a liquid without substantially changing its other properties. By source, the proteins segment is projected to register the highest CAGR, attributable to increasing consumer demand for natural food thickeners.
- The market is mainly driven by its extensive use in the food and beverage sector such as bakery products, confectionery products, sauces, dressings, beverages, dairy & frozen desserts, and processed food. Also, the added benefits of thickeners, such as multifunctionality, absorption of nutrients, compatibility with other ingredients, low cost, and abundant supply of food thickeners. Furthermore, advancements in the extraction and processing of food thickeners from new natural sources is thus one of the major opportunities for the researchers and the leading players competing in the global market. For instance, in June 2015, researchers at Oregon State University discovered and commercialized a new type of dairy thickener- Ropy 352, which can add probiotic characteristics to the product in which it is used.
North America Food Thickeners Industry Segmentation
North America food thickeners market is segmented by source, product type, application, and geography. Based on the source, the market has been segmented into plants, animal, and marine. Based on product type, the market has been segmented into hydrocolloids and proteins. The hydrocolloids segment is further segmented into starch (corn starch, potato starch, tapioca starch, and other starches), gelatin, pectin, xanthan, carrageenan, other hydrocolloids. Furthermore, the proteins segment has been segmented into egg protein, collagen, other proteins. Based on the application, the market has been segmented into bakery and confectionery, dairy and desserts, soups, sauces, and dressings, meat and meat products, beverages, and other applications. Based on geography, the report provides a detailed regional analysis, which includes United States, Canada, and Mexico, and Rest of North America.
By Source | |
Plants | |
Animal | |
Marine |
By Product Type | |||||||||||||
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By Application | |
Bakery and Confectionery | |
Dairy and Desserts | |
Soups, Sauces, and Dressings | |
Meat and Meat Products | |
Beverages | |
Other Applications |
By Geography | |
United States | |
Canada | |
Mexico | |
Rest of North America |
North America Food Thickeners Market Size Summary
The North America food thickeners market is experiencing growth driven by the increasing demand for natural food additives that enhance the viscosity of liquids without altering their other properties. The market is primarily fueled by the extensive application of thickeners in the food and beverage industry, including bakery products, sauces, dressings, and dairy products. The proteins segment is expected to see significant growth due to the rising consumer preference for natural thickeners. The multifunctionality, nutrient absorption, and compatibility of thickeners with other ingredients, along with their cost-effectiveness and abundant supply, further bolster market expansion. Advancements in the extraction and processing of thickeners from new natural sources present additional opportunities for industry players.
The demand for corn starch as a food thickener is particularly notable in the North American food and beverage sector, driven by its use in sauces, gravies, and baked goods. The market is also influenced by the growing preference for organic, vegan, and clean-labeled ingredients, prompting key players like Cargill and Ingredion to introduce certified organic starches. The rising interest in nutritional foods and beverages is boosting the demand for gelatin, a protein-rich thickener. The competitive landscape of the North American food thickeners market is characterized by the presence of major regional and domestic players, with companies focusing on mergers, acquisitions, and new product development to enhance their market presence.
North America Food Thickeners Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Source
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2.1.1 Plants
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2.1.2 Animal
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2.1.3 Marine
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2.2 By Product Type
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2.2.1 Hydrocolloids
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2.2.1.1 Starches
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2.2.1.1.1 Corn Starch
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2.2.1.1.2 Potato Starch
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2.2.1.1.3 Tapioca Starch
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2.2.1.1.4 Other Starches
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2.2.1.2 Gelatin
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2.2.1.3 Pectin
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2.2.1.4 Xanthan
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2.2.1.5 Carrageenan
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2.2.1.6 Other Hydrocolloids
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2.2.2 Proteins
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2.2.2.1 Egg Protein
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2.2.2.2 Collagen
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2.2.2.3 Other Proteins
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2.3 By Application
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2.3.1 Bakery and Confectionery
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2.3.2 Dairy and Desserts
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2.3.3 Soups, Sauces, and Dressings
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2.3.4 Meat and Meat Products
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2.3.5 Beverages
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2.3.6 Other Applications
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2.4 By Geography
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2.4.1 United States
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2.4.2 Canada
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2.4.3 Mexico
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2.4.4 Rest of North America
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North America Food Thickeners Market Size FAQs
What is the current North America Food Thickeners Market size?
The North America Food Thickeners Market is projected to register a CAGR of 4.24% during the forecast period (2024-2029)
Who are the key players in North America Food Thickeners Market?
Tate & Lyle PLC , Kerry Group PLC , Archer Daniels Midland Company, DuPont de Nemours Inc and Ingredion Incorporated are the major companies operating in the North America Food Thickeners Market.