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Latin America Food Thickeners Market By Type (Hydrocolloids, Protein, Starch), Source (Plant, Animal, Microbial), Application (Bakery, Confectionery, Sauces, Marinades & Gravies, Beverages, Dairy, Convenience Foods), And By Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Size, Share, Trends, Growth, Forecast (2022 to 2027)

Published: January, 2022
ID: 3185
Pages: 138
Formats: report pdf report excel report power bi report ppt

Latin America Food Thickeners Market Growth and Forecast (2022 - 2027):

Latin America Food Thickeners Market was worth USD 1.62 Billion in 2021 and is projected to reach USD 2.05 Billion by 2026, at a CAGR of 4.81% from 2021 to 2026.

Market Overview:

Growth in demand for comfort foods, purchaser awareness towards a sound eating routine, and numerous functionalities and focal points related with the utilization of food thickeners are the variables driving this market.

Coasting purchaser food slants towards western food culture of packaged and processed food all inclusive, is one principle thought decidedly influencing the food and drink industry. Extending number of working experts and their choice of refreshments moving towards packaged juices and energy drinks is driving the food and drink industry internationally. 

Latin America Food Thickeners Market Segmentation Analysis:

Based on the kind of product, food thickener market is grouped into starch, polysaccharide based, protein based, vegetable gum and pectin. In 2016, starch was the biggest segment by product sort in the food thickeners piece of the pie. The simple accessibility, ideal usefulness, generally low costs contrasted with different products alongside plentiful supply over the globe are the fundamental purposes behind the ubiquity and offers of starch based product. These are likewise favored since it doesn't influence organoleptic nourishment properties adversely.

The visible enterprises where food thickeners have fundamental applications are food and refreshment, confectionery and bread kitchen. Different uses of the item incorporate comfort and handled foods, sauces, dairy and solidified treats and marinades and flavors. Among these, dairy and solidified sweets is the biggest application section of the food thickener advertise. This can be ascribed to wide use of the item as starch and protein for thickening and enhancing other utilitarian properties, for example, surface and flavor in items. Extra advantages of the item, for example, water official, fat substitution, texturing and emulsifying make it profoundly attractive in drink industry.

Region Analysis:

Geographically the Latin America Food Thickeners Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America.

Key Players in the Market:

Major Key Players in the Latin America Food Thickeners Market are

  • Sigma-Aldrich Company LLC
  • Cargill
  • Archer Daniels Midland Company
  • Ingredion Incorporated
  • Kerry Group PLC
  • Tate and Lyle PLC
  • TIC Gums and
  • Ashland Specialty Ingredients
  • Simply Thick LLC
  • Walgreen Company
  • Hormel Foods Corporation

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