Mexico Food Thickeners Market Size & Outlook, 2019-2027
Mexico food thickeners market, 2018-2027 (US$M)
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Mexico food thickeners market highlights
- The Mexico food thickeners market generated a revenue of USD 754.8 million in 2019 and is expected to reach USD 1,147.8 million by 2027.
- The Mexico market is expected to grow at a CAGR of 5.4% 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 754.8 million |
| Market revenue in 2027 | USD 1,147.8 million |
| Growth rate | 5.4% (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, Mexico accounted for 5.8% 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 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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Mexico 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 40.22% in 2019. Horizon Databook has segmented the Mexico food thickeners market based on protein, starch, hydrocolloids covering the revenue growth of each sub-segment from 2018 to 2027.
Food thickeners market in Mexico is primed for innovative products offering functional benefits to consumers, such as longer shelf life and enhanced flavor profile among others. Similar to the consumers in the U.S. and Canada, Mexican consumers are also becoming increasingly aware of the health benefits of processed and packaged foods.
This has led to companies to increased use of food thickeners, which can maintain the nutritional profile of the food along with being optimal in coagulating/thickening functionality.
The prevalence of media advertising in the country has also influenced Mexican consumers to purchase processed foods over the years, thereby propelling the demand for food thickeners over the forecast period.
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Our clientele includes a mix of food thickeners market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico food thickeners market , including forecasts for subscribers. This country databook contains high-level insights into Mexico food thickeners market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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Mexico food thickeners market size, by type, 2018-2027 (US$M)
Mexico Food Thickeners Market Outlook Share, 2019 & 2027 (US$M)
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