Canada Food Thickeners Market Size & Outlook, 2019-2027
Canada food thickeners market, 2018-2027 (US$M)
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Canada food thickeners market highlights
- The Canada food thickeners market generated a revenue of USD 1,251.0 million in 2019 and is expected to reach USD 2,004.6 million by 2027.
- The Canada market is expected to grow at a CAGR of 6.1% 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.
Food thickeners market data book summary
| Market revenue in 2019 | USD 1,251.0 million |
| Market revenue in 2027 | USD 2,004.6 million |
| Growth rate | 6.1% (CAGR from 2019 to 2027) |
| Largest segment | Hydrocolloids |
| Fastest growing segment | Protein |
| Historical data | 2018 - 2018 |
| Base year | 2019 |
| Forecast period | 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, Canada accounted for 9.5% of the global food thickeners market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. food thickeners market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,046.2 million by 2027.
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Food Thickeners Market Scope
Food Thickeners Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 39.68% in 2019. Horizon Databook has segmented the Canada food thickeners market based on protein, starch, hydrocolloids covering the revenue growth of each sub-segment from 2018 to 2027.
In North America, the Canada food thickeners market is projected to advance at the second-fastest CAGR of 6.1% over the forecast period. According to Food Processors of Canada (FPC), food & beverage sector generated over USD 112 billion production value in 2019.
Making it the second-largest manufacturing industry in Canada. The industry also employs over 270,000 Canadians in over 6,900 businesses directly. The country also exports food & beverage products to over 192 countries.
These factors, along with high consumption rates of processed and packaging food in the country, are likely to bolster the demand for food thickeners over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada food thickeners market , including forecasts for subscribers. This country databook contains high-level insights into Canada food thickeners market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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Canada food thickeners market size, by type, 2018-2027 (US$M)
Canada Food Thickeners Market Outlook Share, 2019 & 2027 (US$M)
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