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The global thickeners and vegetable gums market size attained a value of USD 14.22 billion in 2023. The market is further expected to grow at a CAGR of 5.9% between 2024 and 2032, to reach a value of USD 23.95 billion by 2032.
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Thickeners, also known as thickening agents, are food additives which increase the viscosity of a food item without changing its taste, colour, or other properties. Vegetable gums are a type of thickening agent which are sourced from natural origins. Both thickeners and vegetable gums help in boosting the food product stability, increasing shelf life.
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Based on type, the market is bifurcated into polysaccharides and proteins. On the basis of nature, the market is classified into organic and conventional. By application, the market is segmented into dairy products, sauces and dressings, bakery and confectionary, convenience food, and beverages, among others. The regional markets for thickeners and vegetable gums are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global thickeners and vegetable gums market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The proteins segment, based on type, accounts for a healthy share of the thickeners and vegetable gums market. The increasing demand for protein-based food thickening agents, owing to their ability to enhance the food texture, is driving the segment’s growth. In addition, protein in thickeners and vegetable gums bolsters the amino-acid content in the food, while adding nutritional value. The increasing application of protein-based thickening agents in creams, soups, and sauces, among other foods and condiments, is boosting the growth of this segment. With the growing consumer preference for additional protein in diets, protein types of thickeners and vegetable gums are likely to increase in demand in the coming years.
Based on application, the bakery and confectionary segment accounts for a significant share in the thickeners and vegetable gums market. Bakery and confectionery products use thickening agents and gums to attain stability and enhanced texture for easier packaging. Hence, the increasing demand for premium packaged bakery and confectionery products such as biscuits, cakes, doughnuts, and cookies, among others, is propelling the segment’s growth.
Meanwhile, the dairy products segment is expected to witness a healthy growth in the forecast period. This can be attributed to the increasing application of polysaccharides, such as xanthan, locust bean gum, and tragacanth, in a variety of dairy products.
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Medline Industries, LP is a leading healthcare company which manufactures and distributes exam and surgical gloves, infection prevention solutions, table kits, dry pads, fall prevention equipment, fluid management solutions, and nutritional products, among others. The company was founded in the year 1966 and is currently headquartered in Illinois in the United States.
Ashland Inc. is a specialty chemical producing company which operates in more than 100 countries with headquarters in Delaware, United States. Founded in 1924, the company focuses on producing food additives and specialty ingredients which cater to the growing demands of the food and beverage sector. It produces high-end chemicals which are used in pharmaceutical, personal care, architecture, energy, and nutraceutical sectors, among others.
Ingredion Incorporated is a leading supplier of food and beverage products, which provides expertise in nutrition, health and wellness, specialty sweeteners, plant-based proteins, flavourings with modifying properties, food systems, and clean and simple ingredients, etc. This company offers ingredients which are used in the production of bakery, dairy, beverage, and meat alternative products, among others. Established in 1906, the company headquarters are in Illinois in the United States.
Other market players include Tate and Lyle plc, Cargill, Incorporated, CP Kelco U.S., Inc., Sinofi Ingredients, and Hosokawa Alpine AG, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of USD 14.22 billion in 2023.
The market is estimated to grow at a CAGR of 5.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 23.95 billion by 2032.
The growing food and beverage industry, increase in food processing, and thickening and stabilising properties of thickeners and vegetable gums are the major drivers of the market.
The key trends in the thickeners and vegetable gums market include the research and development for new product variations, increase in demand for convenience foods, and rising preference for organic food additives.
Polysaccharides and proteins are the different types of products included in the market.
Dairy products, sauces and dressings, bakery and confectionary, convenience food, and beverages, among others, are the various applications of thickeners and vegetable gums in the market.
Xanthan gum, locust bean gum, and tragacanth, among others, are used as thickeners and vegetable gums.
The major regions in the market for thickeners and vegetable gums are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Medline Industries, LP., Ashland Inc., Ingredion Incorporated, Tate and Lyle plc, Cargill, Incorporated, CP Kelco U.S., Inc., Sinofi Ingredients, and Hosokawa Alpine AG, among others, are the key market players, according to the report.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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