Market Overview:
The global thickening agents market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for thickeners from the food & beverages, paper & paperboard, paints & coatings, textile & fibers and other applications. On the basis of type, the global thickening agents market has been segmented into minerals, hydrocolloids and others. Hydrocolloids are expected to account for a major share of the global thickening agents market during the forecast period owing to their properties such as high viscosity and stability in acidic or alkaline conditions. On the basis of application, food & beverages accounted for a major share of the global thickening agents market in 2017. This can be attributed to rising demand for thickeners from various end-use industries such as bakery products, dairy products and sauces among others.
Product Definition:
Thickening agents are substances used to increase the viscosity of a liquid. This can be important for many reasons, including making a liquid more palatable or easier to swallow, improving its texture, or helping it to cling to food. Thickening agents may also be used in cosmetics and other personal care products.
Minerals:
Minerals are natural inorganic substances used as thickening agents. The most commonly used minerals in the industry include calcium carbonate, magnesium carbonate, and potassium carbonate. Calcium Carbonate (CC) is widely utilized as a thickening agent due to its superior characteristics such as insolubility with organic compounds & water, high reactivity towards acids & bases along with good heat stability makes it suitable for use in various industries including food & beverage and personal care products among others.
Hydrocolloids:
Hydrocolloids are natural substances that help in the thickening of liquids. They are made up of two types: synthetic and natural. The most common hydrocolloid used in food is carrageenan, which is obtained from certain red algae and seaweed extracts. It has a high viscosity index (VI) ranging from 2 to 3, which gives it a gel-like property when added to water or other liquids with low viscosity.
Application Insights:
The food and beverage application segment led the global thickening agents market in 2017, accounting for a share of over 45.0% in terms of revenue. The growth can be attributed to the increasing consumption of packaged foods, including ready-to-eat meals, frozen meals, snack foods and bakery products across the globe. In addition, rising demand for dairy products such as yogurt is expected to boost product usage over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, with countries such as China, India, Indonesia and Pakistan being the most populous nations. Population growth has resulted in an increase in food demand which is likely to boost product consumption over the coming years.
The growing manufacturing sector coupled with increasing foreign investments is projected to drive construction activities across Asia Pacific economies including China and India. This will propel product demand from paints & coatings application due to rising need for industrial infrastructure development along with rapid urbanization witnessed by these countries over past few decades.
Europe accounted for more than 20% of total market volume share in 2017 owing to high consumer awareness regarding health benefits associated with dietary supplements along with functional foods & beverages among other applications dominated by products made from thickening agents such as hydrocolloids.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increased demand for convenient foods that are easy to prepare and consume. Thickening agents help to improve the texture and consistency of food products, making them more convenient and appealing to consumers.
- Rising awareness about healthy eating: There is a growing awareness among consumers about the importance of healthy eating, and this is driving demand for healthier food products that contain fewer additives and preservatives. Thickening agents can be used to improve the nutritional profile of food products by adding fiber or other beneficial nutrients.
- Growing popularity of functional foods: Functional foods are those that offer additional health benefits beyond basic nutrition, such as improved digestion or reduced risk of disease. Thickening agents can be used in functional foods to enhance their functionality and appeal to consumers looking for added health benefits.
- Increasing use in infant formula: Infant formula is a highly specialized segment of the overall baby food market, requiring ingredients that meet specific regulatory requirements regarding purity and quality control standards set by governing bodies like the FDA (Food & Drug Administration) in USA or FSSC 22000 (Food Safety System Certification) globally .Thickening Agents fulfill these criteria perfectly with no compromise on product quality which is why their use is increasing day-by-day not only in developed countries but also across emerging markets 5 Emerging economies offer high potential growth opportunities: The thickening agent market offers high potential growth opportunities across emerging economies
Scope Of The Report
Report Attributes
Report Details
Report Title
Thickening Agents Market Research Report
By Type
Minerals, Hydrocolloids, Others
By Application
Food & Beverages, Paper & Paperboard, Paints & Coatings, Textile & Fibers, Others
By Companies
Akzo Nobel, BASF, Dow, Dupont, ADM, Ashland, Cargill, CP Kelco, FMC, Ingredion, Akzo Nobel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Thickening Agents Market Report Segments:
The global Thickening Agents market is segmented on the basis of:
Types
Minerals, Hydrocolloids, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Paper & Paperboard, Paints & Coatings, Textile & Fibers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Akzo Nobel
- BASF
- Dow
- Dupont
- ADM
- Ashland
- Cargill
- CP Kelco
- FMC
- Ingredion
- Akzo Nobel
Highlights of The Thickening Agents Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Minerals
- Hydrocolloids
- Others
- By Application:
- Food & Beverages
- Paper & Paperboard
- Paints & Coatings
- Textile & Fibers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thickening Agents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thickening agents are chemicals that thicken liquids or pastes. They can be used to improve the consistency of a product, and to make it more stable.
Some of the major players in the thickening agents market are Akzo Nobel, BASF, Dow, Dupont, ADM, Ashland, Cargill, CP Kelco, FMC, Ingredion, Akzo Nobel.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thickening Agents Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thickening Agents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thickening Agents Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thickening Agents Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thickening Agents Market Size & Forecast, 2018-2028
4.5.1 Thickening Agents Market Size and Y-o-Y Growth
4.5.2 Thickening Agents Market Absolute $ Opportunity
Chapter 5 Global Thickening Agents Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thickening Agents Market Size Forecast by Type
5.2.1 Minerals
5.2.2 Hydrocolloids
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thickening Agents Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thickening Agents Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Paper & Paperboard
6.2.3 Paints & Coatings
6.2.4 Textile & Fibers
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thickening Agents Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thickening Agents Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thickening Agents Analysis and Forecast
9.1 Introduction
9.2 North America Thickening Agents Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thickening Agents Market Size Forecast by Type
9.6.1 Minerals
9.6.2 Hydrocolloids
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thickening Agents Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Paper & Paperboard
9.10.3 Paints & Coatings
9.10.4 Textile & Fibers
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thickening Agents Analysis and Forecast
10.1 Introduction
10.2 Europe Thickening Agents Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thickening Agents Market Size Forecast by Type
10.6.1 Minerals
10.6.2 Hydrocolloids
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thickening Agents Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Paper & Paperboard
10.10.3 Paints & Coatings
10.10.4 Textile & Fibers
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thickening Agents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thickening Agents Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thickening Agents Market Size Forecast by Type
11.6.1 Minerals
11.6.2 Hydrocolloids
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thickening Agents Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Paper & Paperboard
11.10.3 Paints & Coatings
11.10.4 Textile & Fibers
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thickening Agents Analysis and Forecast
12.1 Introduction
12.2 Latin America Thickening Agents Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thickening Agents Market Size Forecast by Type
12.6.1 Minerals
12.6.2 Hydrocolloids
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thickening Agents Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Paper & Paperboard
12.10.3 Paints & Coatings
12.10.4 Textile & Fibers
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thickening Agents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thickening Agents Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thickening Agents Market Size Forecast by Type
13.6.1 Minerals
13.6.2 Hydrocolloids
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thickening Agents Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Paper & Paperboard
13.10.3 Paints & Coatings
13.10.4 Textile & Fibers
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thickening Agents Market: Competitive Dashboard
14.2 Global Thickening Agents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Akzo Nobel
14.3.2 BASF
14.3.3 Dow
14.3.4 Dupont
14.3.5 ADM
14.3.6 Ashland
14.3.7 Cargill
14.3.8 CP Kelco
14.3.9 FMC
14.3.10 Ingredion
14.3.11 Akzo Nobel
