Global Food Thickeners Market Size & Outlook, 2019-2027
Global food thickeners market, 2018-2027 (US$M)
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Global food thickeners market highlights
- The global food thickeners market generated a revenue of USD 13,116.0 million in 2019 and is expected to reach USD 20,896.0 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 6% by 2027.
- In terms of segment, hydrocolloids accounted for a revenue of USD 5,401.9 million in 2019.
- Protein is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2019.
- Country-wise, South Africa is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 13,116.0 million |
| Market revenue in 2027 | USD 20,896.0 million |
| Growth rate | 6% (CAGR from 2019 to 2027) |
| Largest segment | Hydrocolloids |
| Fastest growing segment | Protein |
| Historical data covered | 2018 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Protein, Starch, Hydrocolloids |
Other key industry trends
- In terms of revenue, the North America accounted for 38.9% of the global food thickeners market in 2019.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 212.4 million by 2027.
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Food Thickeners Market Scope
Food Thickeners Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global food thickeners market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food thickeners market will help companies and investors design strategic landscapes.
Hydrocolloids was the largest segment with a revenue share of 41.19% in 2019. Horizon Databook has segmented the Global food thickeners market based on protein, starch, hydrocolloids covering the revenue growth of each sub-segment from 2018 to 2027.
- Global Food Thickeners Type Outlook (Revenue, USD Million, 2018-2027)
- Protein
- Starch
- Hydrocolloids
- Gelatin
- Xanthan Gum
- Agar
- Pectin
- Others
- Global Food Thickeners Source Outlook (Revenue, USD Million, 2018-2027)
- Animal
- Plant
- Microbial
- Global Food Thickeners Application Outlook (Revenue, USD Million, 2018-2027)
- Bakery
- Confectionery
- Sauces & Dips
- Beverages
- Convenience & Processed Food
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global food thickeners market , including forecasts for subscribers. This global databook contains high-level insights into Global food thickeners market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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Global food thickeners market size, by regions, 2018-2027 (US$M)
Top 10 countries: Food thickeners market size, 2019 (US$M)
Global food thickeners market share, by type, 2019 & 2027 (%, US$M)
Food thickeners market: Opportunity assessment by country
Global food thickeners market, by region, 2019 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,806.5 | 5,099.8 | 5,377.2 | 5,682.6 | 6,023.5 | 6,394.0 | 6,795.5 | 7,226.3 | 7,692.4 | 8,198.6 | 6.1% |
| Europe | 3,719.6 | 3,939.8 | 4,147.0 | 4,375.1 | 4,629.7 | 4,906.0 | 5,205.2 | 5,525.8 | 5,872.2 | 6,247.9 | 5.9% |
| Asia Pacific | 2,357.4 | 2,514.7 | 2,665.6 | 2,831.9 | 3,017.6 | 3,219.9 | 3,439.8 | 3,676.7 | 3,933.8 | 4,213.9 | 6.7% |
| Latin America | 1,081.7 | 1,134.6 | 1,182.5 | 1,235.2 | 1,293.9 | 1,357.2 | 1,425.2 | 1,497.3 | 1,574.4 | 1,657.4 | 4.9% |
| MEA | 410.6 | 427.1 | 441.4 | 457.0 | 474.5 | 493.0 | 512.8 | 533.4 | 555.2 | 578.2 | 3.9% |
| Overall | 12,375.8 | 13,116.0 | 13,813.7 | 14,581.8 | 15,439.2 | 16,370.1 | 17,378.6 | 18,459.5 | 19,628.0 | 20,896.0 | 6.0% |
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