Europe Food Thickeners Market Size & Outlook, 2019-2027
Europe food thickeners market, 2018-2027 (US$M)
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Europe food thickeners market highlights
- The Europe food thickeners market generated a revenue of USD 3,939.8 million in 2019.
- The market is expected to grow at a CAGR of 5.9% 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, Germany is expected to register the highest CAGR from 2020 to 2027.
Europe data book summary
| Market revenue in 2019 | USD 3,939.8 million |
| Market revenue in 2027 | USD 6,247.9 million |
| Growth rate | 5.9% (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, Europe region accounted for 30.0% 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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Europe 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 42.01% in 2019. Horizon Databook has segmented the Europe food thickeners market based on protein, starch, hydrocolloids covering the revenue growth of each sub-segment from 2018 to 2027.
The demand for food thickeners in Europe is expected to ascend owing to the presence of robust bakery & confectionery industry coupled with the growing consumer demand. Furthermore, rising demand for packaged juices and energy drinks is also expected to propel the market growth over forecast period.
Food & beverage industry is among the Europe’s largest manufacturing industries, in terms of both job creation as well as value addition. According to the European Commission, the industry has also witnessed a trade surplus over the past decade.
Increasing competition from emerging markets including India, China, and Brazil, owing to the low production costs and high labor availability in these countries, is expected to hamper the market growth in Europe over the projected timeframe.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe food thickeners market , including forecasts for subscribers. This continent databook contains high-level insights into Europe food thickeners market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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Europe food thickeners market size, by country, 2018-2027 (US$M)
Europe Food Thickeners Market Outlook Share, 2019 & 2027 (US$M)
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