With the food industry undergoing radical changes, such as increasing use of food additive to improve the quality of food products, the demand for food thickening agents is likely to increase in the upcoming years. The growth of the food thickening agents market is mainly attributed to the variety of food product types in which food thickening agents are majorly used. Food thickening agents are used in various food products including meat & poultry, bakery & confectionery, beverage, dairy products, and sauces & dressings.
The increasing growth of the food processing industry is generating lucrative growth opportunities for stakeholders in the food thickening agents market. With the mounting number of processed food product manufacturers making use of high-quality food additives, the food thickening agents market is expected to gain momentum in the upcoming years.
Food Thickening Agents Market: Demand for Plant-based and Microbial Thickeners to Remain High
As the food processing industry remains one of the leading end-user industries in the food thickening agents market, food thickening agent manufacturers are planning business strategies to meet the exact end-user demands. A majority of food manufacturers are preferring to purchase cost-effective, plant-based, and sustainable food thickening agents.
Thereby, plant-based and microbial food thickening agents are likely to find numerous applications in a variety of processed food applications in the coming years. This is making a major impact on the manufacturing and marketing strategies of leading market players operating in the food thickening agents market. Carrageenan, pectin, and gellan gum are among the most popular food thickening agents among stakeholders in the food processing industry. Leading manufacturers in the food thickening agents market are focusing on conducting thorough consumer research to plan appropriate business strategies in the coming years. Some examples include:
Cargill, Incorporated – a leading manufacturer of food ingredients – recently launched Satiagel™ Seabrid™, which is a seaweed-based carrageenan extract to offer sustainably sources food thickening agent. The consumer research conducted by the company states that the texture of food products plays a major role for consumers to make food-related decisions, and consumers prefer dairy desserts with a creamier texture. Thereby, to deliver carrageenan as a premium food thickening agent for creamy dairy desserts, Cargill announced that it will expand its Seabrid™ portfolio in the upcoming years.
Apart from carrageenan, Cargill has also observed the growing demand for high-quality pectin among food manufacturers, especially across the acid dairy drink market. Pectin is a plant-based food thickening agent, which is commonly used in the manufacturing of various food products such as juices, beverages, acid dairy drinks, and jams. Identifying the increasing applications in the food processing industry, Cargill has announced its plans to invest over US$ 150 million in its HM pectin production facility in Brazil
CP Kelco is another leading market players in the food thickening agents market, and is also a leading manufacturer of gellan gum – a microbial food thickening agent. The company anticipated the growing consumer demand for non-GMO options for food thickening agents, and thereby, has adopted strategies to evolve its portfolio of gellan gum products. The company recently announced that it has added four KELCOGEL® Gellan Gum products to expand its comprehensive product portfolio, which now offers around thirteen non-GMO microbial food thickening agents.
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