North America Food Thickeners Market Size & Outlook
North America food thickeners market, 2018-2027 (US$M)
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North America food thickeners market highlights
- The North America food thickeners market generated a revenue of USD 5,099.8 million in 2019.
- The 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 5,099.8 million |
| Market revenue in 2027 | USD 8,198.6 million |
| Growth rate | 6.1% (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, North America region accounted for 38.9% 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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North 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 40.31% in 2019. Horizon Databook has segmented the North America food thickeners market based on protein, starch, hydrocolloids covering the revenue growth of each sub-segment from 2018 to 2027.
The North America food thickeners market is expected to ascend at a CAGR of 6.1% during the forecast period owing to the notable demand for the product from various industries located in the U.S. and Canada.
High demand for processed foods, bakery products, and dairy foods in the region is likely to boost the demand for food thickeners over the forecast period. The market in North America is primarily driven by the highly developed food & beverage industry in the U.S. and Canada.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America food thickeners market , including forecasts for subscribers. This continent databook contains high-level insights into North America food thickeners market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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North America food thickeners market size, by country, 2018-2027 (US$M)
North America Food Thickeners Market Outlook Share, 2019 & 2027 (US$M)
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