Asia Pacific Food Thickeners Market Size & Outlook
Asia Pacific food thickeners market, 2018-2027 (US$M)
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Asia Pacific food thickeners market highlights
- The Asia Pacific food thickeners market generated a revenue of USD 2,514.7 million in 2019.
- The market is expected to grow at a CAGR of 6.7% from 2020 to 2027.
- In terms of segment, hydrocolloids was the largest revenue generating type in 2019.
- Protein is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 2,514.7 million |
| Market revenue in 2027 | USD 4,213.9 million |
| Growth rate | 6.7% (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 |
| Key market players worldwide | Archer-Daniels Midland Co, DuPont de Nemours Inc, Tate & Lyle PLC, Kerry Group PLC Class A, Ingredion Inc, Ashland Inc, Darling Ingredients Inc, Huvis, Cargill, CP Kelco, TIC Gums, Naturex, Medline Industries |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.2% of the global food thickeners market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,213.9 million by 2027.
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Food Thickeners Market Scope
Food Thickeners Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 41.84% in 2019. Horizon Databook has segmented the Asia Pacific food thickeners market based on protein, starch, hydrocolloids covering the revenue growth of each sub-segment from 2018 to 2027.
The Asia Pacific food thickeners market is likely to progress at the fastest CAGR of 6.7% over the forecast period owing to the rapid growth of food & beverage industry in the region.
Rising consumer demand for “cleaner label” food products has compelled manufacturers to increasingly focus on product innovation over the past few years.
This is expected to drive the food thickeners market in the region over the forecast period. Food thickeners are an essential part of bakery & confectionery products as well as beverages.
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Target buyers of Asia Pacific food thickeners market databook
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Our clientele includes a mix of food thickeners market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific food thickeners market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific food thickeners market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific food thickeners market size, by country, 2018-2027 (US$M)
Asia Pacific Food Thickeners Market Outlook Share, 2019 & 2027 (US$M)
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