Plant Based Thickener Market Growth, Size, Share, Trends, and Forecast 2032

According to the report published by Zion Market Research, the global Plant Based Thickener Market size was valued at USD 3.79 Billion in 2023 and is predicted to reach USD 7.79 Billion by the end of 2032. The market is expected to grow with a CAGR of 8.45% during the forecast period. The report analyzes the global Plant Based Thickener Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Plant Based Thickener Market industry.

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Global Plant Based Thickener Market: Overview

Plant based thickeners are the substances that are added to the food to enhance the flavorful and creamy texture of any sweet or savory recipe. Most of the soups, gravies, and sauces as well as desserts are thickened with the thickeners. The plant based thickeners have properties that are best suited for the recipes.

Global Plant Based Thickener Market: Growth Factors

The global plant based thickener market is growing exponentially. Factors such as the rise in use of functional ingredients supporting human health, the growing trend of veganism, and the rise in preference of the consumers towards fat-free & low calorie food are augmenting the growth of the global plant based thickener market. Corn starch is the most commonly used plant based thickener. It is widely used to thicken puddings, gravies, and sauces. It can also be a gluten-free option. The food and beverages industry is growing at a substantial rate owing to the growing demand for ready-to-eat and packaged foods.

Plant based thickeners are also been widely used in the food industry for making sauces, jams & jellies, yogurt, cheese, and ice creams. In addition to this, the bakery industry is also expanding at a rapid pace owing to the growing demand for bakery products. All these factors coupled with the rise in disposable income and changes in food habits are propelling the growth of the global market. Moreover, easy availability of the plant source, growing demand for natural & organic products over synthetic products, a growing number of small players entering the market, and growing mergers & acquisitions of the key players to compete with the peers are also some of the factors that are contributing to the growth of the market.

Furthermore, the rise in investments by the key players for novel innovations in the thickeners to meet the demand of the consumer and food industry may have several opportunities for the growth of the global plant based thickener market during the forecast period. However, the heavy cost required for the development and manufacture of the thickeners may limit the growth of the global plant based thickener market.

The rapidly spreading coronavirus has affected most of the industries and food & beverages are not an exception to it. To constrict the spread of the infection, most of the countries declared an emergency alert and enforced strict lockdown & restriction on movement. Owing to this, the food industry had to temporarily halt all its operations. Also, the disruption in the supply chain led to a scarcity of raw materials. All these factors ultimately resulted in a decrease in the demand for the plant based thickeners which in turn affected the growth of the global plant based thickener market during the pandemic.

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Global Plant Based Thickener Market: Segmentation

The global plant based thickener market is categorized based on thickener type, thickener, end-use and region.

Based on the thickener type, the global plant based thickener market is classified into vegetable gums, starch and others.

The thickener segment is split into conventional and organic.

Based on the end use, the global market is divided into canned soups & sauces, meat coating, baked goods, ice cream, seasoning, jellies, cheese cream, yogurt, jams & marmalades and others.

Plant Based Thickener Market : Report Scope

Global Plant Based Thickener Market: Regional Analysis

Regionally, North America is estimated to hold a major share in the global plant based thickener market during the forecast period. Factors that are propelling the growth of the market in this region include a rise in preference of the consumers towards low calorie & gluten-free food, growing adoption of veganism, and novel innovations by the key players to attract the consumers. On the other hand, the Asia Pacific market is anticipated to grow at the highest CAGR. This is attributed to the growing use of functional ingredients, change in eating habits, rise in disposable income, and expanding the food industry.

Global Plant Based Thickener Market: Competitive Players

Some of the key players operating in the global plant based thickener market include:

• Sudstarke GmbH
• Tereos
• Novidon
• Tate & Lyle Plc
• Agrana
• Ingredion
• Emsland Starke GmbH
• Avebe
• Cargill Inc., among others.

The Global Plant Based Thickener Market is segmented as follows:

By Thickener type 

• vegetable gums
• starch 
• and others

By Thickener 

• conventional
• organic

By End-use 

• canned soups & sauces
• meat coating
• baked goods 
• ice cream
• seasoning 
• jellies
• cheese cream 
• yogurt
• jams & marmalades 
• and others

Global Plant Based Thickener Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.