Latin America Food Thickeners Market Size & Outlook
Latin America food thickeners market, 2018-2027 (US$M)
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Latin America food thickeners market highlights
- The Latin America food thickeners market generated a revenue of USD 1,134.6 million in 2019.
- The market is expected to grow at a CAGR of 4.9% 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, Brazil is expected to register the highest CAGR from 2020 to 2027.
Latin America data book summary
| Market revenue in 2019 | USD 1,134.6 million |
| Market revenue in 2027 | USD 1,657.4 million |
| Growth rate | 4.9% (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, Latin America region accounted for 8.7% 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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Latin America 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 41.05% in 2019. Horizon Databook has segmented the Latin America food thickeners market based on protein, starch, hydrocolloids covering the revenue growth of each sub-segment from 2018 to 2027.
Central & South America has been witnessing significant growth in the food & beverage industry over the past few years owing to high investments in the manufacturing sector of the country.
Factors such as rapid urbanization and increased spending capacities in countries such as Argentina, Brazil, and Chile contribute significantly to the food & beverage industry growth.
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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 continent-level data and insights on the Latin America food thickeners market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America food thickeners market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America food thickeners market size, by country, 2018-2027 (US$M)
Latin America Food Thickeners Market Outlook Share, 2019 & 2027 (US$M)
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