Food Thickeners Market Size to Reach USD 21.2 Billion by

Newark, Sept. 29, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global food thickeners market is expected to grow from USD 12.8 billion in 2021 to USD 21.2 billion by 2030, at a CAGR of 5.8% during the forecast period 2022-2030.
The need for food thickeners is projected to increase due to the growing demand for convenience food, consumer awareness of healthy eating and active lifestyles, and the several benefits of using food thickeners. Food thickener producers continually invest in and concentrate on product innovation to broaden their product lines and enhance functional qualities like flavor, texture, and other organoleptic features of their goods, fueling the global demand for food thickeners.

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For instance, researchers at Oregon State University developed and commercialized Ropy 352, a brand-new kind of dairy thickening. Some of the products that use Ropy 352 may incorporate probiotic properties. According to Oregon State University, the US spends up to USD 120 billion annually on probiotic goods like buttermilk, yogurt, and sour cream. Numerous potential natural thickeners are being looked at or are waiting to be approved. Cress seed gum, for instance, is one of the possible food thickeners.

Competitive Landscape:

To enhance their market position in the global food thickeners market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.

● In May 2019, A new product named XanFlax was introduced by Bioriginal. This natural thickening agent can be used as a non-GMO replacement for xanthan gum in various food applications.

Market growth and trends:

The demand for food thickeners has been growing owing to consumers’ increasing demand for convenience food such as processed food, packaged food, bakery…