Europe Food Thickeners Market

Europe Food Thickeners Market Growth and Forecast (2023 - 2028):

The Europe Food Thickeners Market was valued at US$ 2.45 billion in 2022 and is predicted to grow at US$ 3.33 billion by 2028 with an increasing CAGR of 6.35% during 2023-2028.

Europe Food Thickeners Market Scenario:

Food thickeners are substances that serve to raise the consistency or thickness of a food without altering its flavor or other qualities. Food thickeners absorb and concentrate liquids in beverages. These thickeners are frequently used in the food and beverage sector to raise the viscosity of liquids, such as sauces and puddings made with food and other ingredients. Food thickeners are chemicals that thicken or enhance the viscosity of a solution without altering its taste or characteristics. When you add a food thickener to a drink, the thickener absorbs the liquid and concentrates the drink.

When the thickener is removed, the established process is reversed, and practically all of the water in the drink is delivered as a liquid that the body absorbs. Food thickeners, coupled with diverse substances such as gelatin, eggs, and starch, such as wheat flour, rice flour, corn starch, and arrowroot, are used in the food and beverage industry to raise the viscosity of food and beverages, include puddings and sauces. Food thickeners also include specially modified vegetable gums, food starch, and polysaccharides. Food thickeners absorb liquid and are used to concentrate it in beverages. Agar-agar, lignin, pectin, gums and alanine, grasshopper bean gum, and other vegetable gums are often used as food thickeners.

Recent Development in Europe Food Thickeners Industry:

• Cargill announced the opening of a new, cutting-edge pectin production facility in Bebedouro, Brazil, on September 8. The $150 million factories will greatly increase the company's ability to meet expanding global demand for the label-friendly texturizing component.

Europe Food Thickeners Market Drivers and Restraints:

During the forecast period, lifestyle changes, increased disposable income, and increased consumer spending on convenience and processed foods are expected to favorably influence Europe food thickeners market growth. The appearance of several food thickener manufacturers around the world has defined the global sector. To achieve a competitive advantage, the market's major competitors have used a number of techniques, including joint ventures, acquisitions, collaborations, and contracts. These major firms are also making significant investments in regional expansion and new product releases. Food thickeners are becoming more popular in a variety of beverages, including fruit pulp, juices, and energy drinks, because they assist improve food texture without sacrificing nutritional content. Due to its beneficial features, demand for these beverages is predicted to increase, resulting in faster market growth.

Food thickener demand will be accelerated by factors such as growing demand for prepared foods, consumers who prefer a healthy lifestyle, improved awareness of a healthy diet, and numerous benefits and functions linked with food thickeners. Food concentrator manufacturers continue to invest extensively in product innovation in order to extend their product offering. The Europe food thickener market is being driven by all of these forces. Improvements in the product's functional and other sensory characteristics are also contributing to market expansion. Food thickener manufacturers are continuing to invest in and focus on product innovation in order to expand their product portfolio and improve functional features primarily include aroma, texture, and other organoleptic properties of the product, which is driving demand in the Europe market for food thickeners.

The Europe market for food thickeners will grow as customer preferences shift toward healthier diets and greater sensory characteristics. Due to favorable features such as emulsion and palatability of ingredients, the usage of thickeners has expanded as the need for nutritional convenience goods has grown, boosting industrial expansion. Thickeners alter the viscosity of diet preparations, providing functional qualities such as bolus control, lung aspiration, and comfort of swallowing to indigestion patients, resulting in Europe market growth.

The high expenses of food thickener research and development, as well as changes to raw materials that have a negative impact, are factors that are limiting Europe food thickeners market growth.

Europe Food Thickeners Market Segmentation Analysis:

By Type:

• Hydrocolloids       
• Protein       
• Starch

Based on type, hydrocolloid dominates the Europe food thickeners market. Locust bean gum, carrageenan gum, beta-glucan, Alginate, pectin, guar gum, xanthan gum, are some of the hydrocolloids used as food thickeners. Hydrocolloids are fiber-rich due to their stable stability at low pH, which makes them useful in the food and beverage business.

For example, hydrocolloids are employed as a sugar alternative in whipped creams and steamed bread, a wheat flour substitute in cookies, a coating material in nuts and dried fish, a food stabilizer in whipped cream, a bulking agent in ice cream and yoghurt, and for starch dispersion in rice.

By Source:

• Plant 
• Animal       
• Microbial 

Based on source, plant-based food thickeners dominated the market. Plant-based components are the most widely utilized ingredients in most applications, including bakery, confectionery, and ready-to-eat meals, because to their high efficacy and low cost. Cornstarch, tapioca, agar, xanthan gum, rice flour, and pectin are some of the most often used plant-based food thickeners. Because of the expanding trend of veganism and vegetarian diets, food thickeners derived from plants are sustainable and in high demand from customers, particularly in bakery, confectionery, and processed food.

By Application:

• Bakery        
• Confectionery       
• Sauces       
• Beverages   
• Marinades & Gravies       
• Dairy
• Convenience Foods

Bakery is the most popular application for food thickeners, accounting for more than 24% of the market in 2019. During 2022-2027, the category is expected to maintain its dominance. Over the forecast period, factors such as increased demand for organic and natural baked goods and the trend of healthy snacking are likely to fuel demand for food thickeners.

Over the projected period, the food thickeners market is expected to rise due to rising consumer awareness of items with unusual and traditional flavors. Food consumption habits have shifted as a result of rising disposable incomes and changing lifestyles as a result of expanding urbanization, which should lead to increased demand throughout the forecast period.

Regional Analysis:

The Europe Food Thickeners Market Report includes the segmentation of countries:

• U.K
• Germany
• Spain
• Russia

Because of the efforts of food and beverage manufacturers to produce adequate products, Europe controlled the global food thickeners market. In the European region, health concerns were a primary consideration, which resulted in a better supply of food goods. The expansion of this industry in the region has been fueled by consumer demand for healthy, low-fat foods. During the forecast period, lifestyle changes, increased disposable income, and increased consumer spending on convenience and processed foods are the major factors responsible for the food thickeners market growth in Europe.

Impact of COVID-19 on Europe Food Thickeners Market:

The corona virus had effected the Europe food thickeners market Items for the wider public Lower demand and disrupted supply chains are causing problems for food and beverage companies. While at-home consumption has increased, out-of-home spending, which has historically generated the greatest profit margin, has virtually ceased. Changes in customer behavior and demand over time are possible.

Key Players listed in the Europe Food Thickeners Market:

The companies covered in the report:

• CP Kelco              
• Archer Daniels Midland Company        
• Cargill Inc.            
• Tate & Lyle PLC              
• E. I. du Pont de Nemours and Company         
• TIC Guns              
• Ashland Specialty Ingredients              
• Ingredion Incorporated