Brand Story
26 May 2023, 21:43 GMT+10
Remarkable expansion of the processed food sector has propelled the utilization of ingredients such as food thickening agents. Projecting the market growth at a steady CAGR of 7% during 2019 - 2028, a new market study by Fact.MR provides an inclusive analysis of the food thickening agents market.
Unavailability of alternate food components and growing consumer inclination towards clean labeled products augur well for the market growth, says the report.
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Food Thickening Agents Market - Key Takeaways
Food Thickening Agents Market - Key Driving Factors
Inorganic Strategies to Keep Market Growth on Track
Tier 1 players account for ~30% of revenue share in the food thickening agents market. Key companies in food thickening agent market are CARGILL, Ingredion Inc., CP Kelco, Darling Ingredients, Archer Daniels Midland Company (ADM).
These companies are primarily concentrated in regions such as North America, Europe, and Australia.
Various strategy implementations like mergers, acquisitions, and joint ventures by top-tier players has increased their market share and global presence in the food thickening agents market. On the back of these factors, the market is expected to move towards consolidation.
Food thickening Agents Market: Segmentation
Fact.MR's study has done the segmentation of food thickening agents market on the basis of application, source, and region.
Contact: US Sales Office : 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 E-Mail: sales@factmr.com
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