The global food thickeners market is expected to reach USD 18.9 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for flavored beverages and carbonated drinks is expected to propel growth over the forecast period.
Major players in the industry are the global conglomerates with high production volume and wide regional presence. CP Kelco, DuPont, and ADM are some of the key players involved in manufacturing food thickeners. These companies compete on the basis of price and product quality, thereby triggering competitive rivalry. Starch and its derivatives are widely preferred owing to their low cost, wide availability, and high-shelf life properties. Hydrocolloids such as pectin and various types of gums are used as thickeners owing to their gelling, thickening, and superior stability properties. However, the high cost of hydrocolloids is expected to hamper their growth. Manufacturers in the industry stock raw materials to avoid supply shortages and eliminate third-party intermediaries. Manufacturers also emphasize on product innovation in spite of challenges such as discrepancies in the supply chain and raw material price volatility, which accounts for a major share of the overall production cost. Full Research Report On Global Food Thickeners Market Analysis: www.grandviewresearch.com/industry-analysis/food-thickeners-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements Grand View Research has segmented food thickeners market on the basis of product, application, and region: Product Outlook (Revenue, USD Million; 2014 - 2025)
www.grandviewresearch.com/press-release/global-food-thickeners-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For more information: www.grandviewresearch.com
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