India Food Thickeners Market Size & Outlook, 2019-2027
India food thickeners market, 2018-2027 (US$M)
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India food thickeners market highlights
- The India food thickeners market generated a revenue of USD 503.4 million in 2019 and is expected to reach USD 907.7 million by 2027.
- The India market is expected to grow at a CAGR of 7.6% 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 503.4 million |
| Market revenue in 2027 | USD 907.7 million |
| Growth rate | 7.6% (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, India accounted for 3.8% 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 Asia Pacific, China food thickeners market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 907.7 million by 2027.
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Food Thickeners Market Scope
Food Thickeners Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 41.9% in 2019. Horizon Databook has segmented the India food thickeners market based on protein, starch, hydrocolloids covering the revenue growth of each sub-segment from 2018 to 2027.
Food thickeners market in India is expected to grow on account of rapid growth in the manufacturing sector caused by the “Make in India” movement. This is expected to open new avenues for the growth of food thickeners market.
Food industry in India faces major challenges such as rising food prices, food wastage due to supply chain inefficiencies, and shortage of skilled manpower. India is one of the fastest-growing economies in the world.
Furthermore, India is expected to emerge as the third-largest economy in the world by 2030, moving past developed economies such as Japan and Germany, owing to the rising number of young, educated, and middle-class individuals.
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Our clientele includes a mix of food thickeners market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India food thickeners market , including forecasts for subscribers. This country databook contains high-level insights into India food thickeners market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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India food thickeners market size, by type, 2018-2027 (US$M)
India Food Thickeners Market Outlook Share, 2019 & 2027 (US$M)
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