Global Food Thickeners Market - Predicted Growth, Trends, Opportunity & Analysis
Global Food Thickeners Market is expected to reach USD 15.92 Billion by 2028, in value terms, growing at a CAGR of over 6% during 2023-2028. The major factors contributing to the growth of the market are rising disposable income, increasing population, increasing demand for convenience foods, and rising health consciousness among consumers. Based on type, the market is segmented into Hydrocolloids, Protein and Starch. In 2022, the starch segment dominated the market and is further expected to maintain its dominance over the next five years as well due to the growing consumption of starch globally. Based on application, the market has been segmented into confectionery, sauces, dressings, marinades & gravies, beverages, dairy & frozen desserts, bakery, and convenience & processed foods. In 2022, the dairy & frozen desserts application segment dominated the market due to its wide applications in various products and whereas, the beverages segment is expected t...