Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.2 Billion | USD 17.7 Billion | 5.5% | 2021 |
FrequentlyAsked Questions
The rising popularity of natural products in the food and beverage industries is expected to fuel the significant growth rate of the food thickeners market during the forecast period. Furthermore, the use of food thickeners to enhance the taste and aroma of the food is another factor that drives the market growth.
According to the report, the global food thickeners market size was worth around USD 12.2 billion in 2021 and is predicted to grow to around USD 17.7 billion by 2028 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2028.
The global food thickeners market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the presence of major market players.
The global food thickeners market is dominated by players like Ingredion Incorporated, Cargill, Incorporated, CP Kelco U.S., Inc., Tate & Lyle, DuPont Nutrition Bioscience ApS, Ashland, ADM, Jungbunzlauer Suisse AG, Deosen Biochemical (Ordos) Ltd., GELITA AG, Solvay, VIKAS WSP LTD., DSM, Guar Resources, LLC., Medline Industries, LP, Kent Precision Foods Group, Inc., Chimique (India) Ltd, Fooding Group Limited, HL Agro Products Pvt. Ltd., Emsland Group, among others.
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