The North America food thickeners market experiences consistent growth driven by increasing demand for processed and convenience foods. Essential in improving texture and stability in sauces, soups, and desserts, food thickeners are pivotal. The competitive scenario features key players introducing innovative formulations to meet diverse consumer needs, propelling the market's expansion and evolution. This dynamic landscape reflects the industry's responsiveness to changing preferences and the ongoing demand for enhanced food product quality in the region.
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Data Bridge Market Research analyses that the North America Food Thickeners Market is expected to grow with a CAGR of 5.6% in the forecast period of 2022 to 2029. The flourishing food and beverage industry in North America creates a favorable landscape for the food thickeners market, fostering opportunities for growth and widespread adoption in diverse culinary applications.
Key Findings of the Study
Clean label trends are expected to drive the market's growth rate
Growing consumer awareness of health and sustainability propels the demand for clean-label products, fostering a preference for natural and clean-label thickeners in North America. Consumers seek ingredient transparency, driving the food industry to respond with formulations that align with clean-label trends. As a result, there is an increasing shift towards thickeners derived from natural sources, meeting the demand for both functional and clean ingredients in various food applications.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Segments Covered
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Type (Protein, Starch, Hydrocolloids, Pectin, and Others), Form (Gel, Powder, Granules, and Others), Nature (GMO and Non-GMO), Source (Plant, Animal, Marine, and Microbial), Application (Food, and Beverages)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Ingredion Incorporated (U.S.), Cargill, Incorporated (U.S.), CP Kelco U. S., Inc.(U.S.), Tate & Lyle (U.K.), DuPont Nutrition Bioscience ApS (Denmark), Ashland (U.S.), DSM (Netherlands), ADM (Archer Daniels Midland Company) (U.S.), Jungbunzlauer Suisse AG (Switzerland), Deosen Biochemical (Ordos) Ltd. (China), Solvay (Belgium), Emsland Group (Germany), Guar Resources, LLC. (U.S.), Medline Industries, LP. (U.S.), GELITA AG (Germany), HL Agro Products Pvt. Ltd. (India), Kent Precision Foods Group, Inc. (U.S.), VIKAS WSP LTD (India) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The North America food thickeners market is segmented on the basis of type, form, nature, source, and application
- On the basis of type, the North America food thickeners market is segmented into protein, starch, hydrocolloids, pectin, and others
- On the basis of form, the North America food thickeners market is segmented into gel, powder, granules, and others
- On the basis of nature, the North America food thickeners market is segmented into GMO and non-GMO
- On the basis of source, the North America food thickeners market is segmented into plant, animal, marine, and microbial
- On the basis of application, the North America food thickeners market is segmented into food and beverages
Major Players
Data Bridge Market Research recognizes the following companies as the major North America food thickeners market players in North America food thickeners market are Guar Resources, LLC. (U.S.), Medline Industries, LP. (U.S.), GELITA AG (Germany), HL Agro Products Pvt. Ltd. (India), Kent Precision Foods Group, Inc. (U.S.), VIKAS WSP LTD (India)
Market Developments
- In 2021, Grupo Bimbo acquired Modern Foods from Everstone Capital, a homegrown private equity fund. The acquisition expanded Grupo Bimbo's presence in the Indian market. Notably, Everstone acquired Modern Foods, including the Modern Bread brand and others such as Cookie Man, from Hindustan Unilever in 2016. This strategic move strengthens Grupo Bimbo's position in the bakery and bread segment in the region
- In 2021, Mondelez International (MDLZ) completed the acquisition of Chipita S.A. for around USD 2 billion. Chipita, a Greek snacking company, specializes in savory and sweet snacks. Its brand portfolio encompasses popular names such as 7Days, Chipicao, and Fineti, featuring croissants and baked snacks. This strategic move aligns with Mondelez's growth plan, aiming to accelerate expansion in core snacking areas and enhance its presence in key markets globally
- In 2021, Finsbury Food Group expanded its Mary Berry supermarket cake range by introducing Bundt cakes. These exquisite cakes are available in two delectable flavors: lemon and chocolate. The lemon variant comprises a lemon sponge cake with lemon icing, lemon curd drizzle, and Belgian white chocolate curls. Meanwhile, the chocolate option features a chocolate sponge cake with chocolate icing decorated with Belgian dark and white chocolate
- In 2021, PepsiCo launched Frutly, a refreshing juice water blend comprising fruit juice, water, and electrolytes, designed to keep consumers hydrated. Tailored for teenagers, it offers flavorful hydration and is rich in vitamins C and E. Frutly, available in three flavors, is packaged in 35oz bottles, boasting zero sugar and a mere 60 calories per serving, catering to health-conscious consumers seeking both taste and nutritional benefits
- In 2020, Coca-Cola India launched Vita Punch and Nutri Force under its Minute Maid brand, aiming to deliver farm-fresh fruit nutrition to consumers. Vita Punch and Nutri Force are crafted from fruit juice, enriched with essential nutrients such as vitamin C and iron. These innovative products align with consumer preferences for both delightful flavors and nutritional benefits, reflecting Coca-Cola's commitment to providing diverse and health-conscious beverage options
Regional Analysis
Geographically, the countries covered in the North America food thickeners market report are U.S., Canada and Mexico in North America.
As per Data Bridge Market Research analysis:
Mexico is the dominant country in North America food thickeners market during the forecast period 2022-2029
Mexico dominates the North America food thickeners market due to its significant production capacity. With a robust food and beverage industry, Mexico stands out as a key contributor, meeting the rising demand for thickeners. The country's strategic position and high production capabilities make it a dominant force, influencing the market's growth and shaping the regional landscape for food thickening agents.
U.S. is estimated to be the fastest growing country in North America food thickeners market during the forecast period 2022-2029
The U.S. is expected to dominate the North America food thickeners market due to the growing food and beverages industry. The market's growth is propelled by increased demand for processed and convenience foods, fostering a favorable environment for food thickeners. The U.S. market's prominence reflects its pivotal role in shaping regional trends and innovations, driven by evolving consumer preferences and the dynamic landscape of the food industry.
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