Introduction:

Liquid thickeners are thickening agents that are used as food ingredients in order to increase the consistency of a particular food product without compromising on its taste or quality. Liquid food thickeners are added to several food and beverages including, dairy products, soups and condiments, confectionery products and others. Food thickeners are generally derived from polysaccharides and proteins. Currently, there has been growing demand for liquid thickeners obtained from natural organic products mainly attributable to increasing number of consumers demanding for transparency of origin in food products they consume. This is expected to greatly affect the market size of liquid thickeners positively in terms of revenue during the forecast period. Apart from this, liquid thickeners are also used to improve the texture of the food products thus increasing its use in the food industry.

Liquid Thickeners Market Segmentation

Global liquid thickeners market is segmented on the basis of type, source, area of application and region. On the basis of product type, the global liquid thickeners market is segmented into starch, hydrocolloids, and proteins.  Starch product type segment is expected to contribute maximum growth in the overall liquid thickeners market over the forecast period. On the basis of source, the global liquid thickeners market is segmented into, animal and plant source. The plant source segment is expected to be the most dominant source category in the global liquid thickeners market owing to growing trend for clean label food products. Apart from food products, consumers also look for transparency in their cosmetics which is further driving the demand for liquid thickeners in the cosmetic industry.

On the basis of area of application, the global liquid thickeners market is segmented into, food and beverages industry, cosmetic industry, industrial segment and others. The food and beverages segment is further sub-segmented into, bakery products, sauces and dressings, dairy and ice cream industry, confectionery products, convenience & processed foods, beverages, marinades & gravies and others. In cosmetic industry, liquid thickeners are used in cosmetic including, skin care products, hair care products, and others. Few thickeners used in cosmetic industry are also used as stabilizers in order to maintain the stability of an emulsion. The industrial application of liquid thickeners is in the paint industry, printing industry, and petrochemical industry.

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On the basis of region, the global liquid thickeners market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America and Europe are the largest markets for liquid thickeners globally attributable to increasing demand for several food products across the regions. Apart from this, increasing application of liquid food thickeners in baby product formulations is also driving the market for liquid thickeners globally.   Asia Pacific liquid thickeners is expected to be the fastest growing market during the forecast period.

Liquid Thickeners Market Global Market Trends and Market Drivers:

The growth of liquid thickeners market across the globe is expected to depict significant growth owing to increasing demand for convenience food products. Liquid thickeners are not only used to thicken the food products but also deliver stability, consistency, strength, improve the flavor of the food product which is driving its use among various food manufacturers across the globe. Healthier diet, changing lifestyle, and demand for ready to drink beverages is further expected to contribute towards the increasing market for liquid thickeners during the forecast period.

Liquid Thickeners Market Key Players:

The key players involved in manufacturing and supply of liquid thickeners internationally. These companies have tie-ups small scale raw material suppliers to procure raw material, which is then converted into various liquid thickeners. High production volumes, huge product portfolio and wide distribution network of these players have resulted into their high market share.

The high-shelf life, wide availability, and low cost, are the factors which have made liquid thickeners, a preferred choice for incorporation in bakery products and confectionery. Hydrocolloid based thickeners on the other hand have high stability, thickening, and gelling properties. However, its growth is expected to be hampered on account of its high price.

Variety of liquid thickeners have been introduced by the manufacturers and some of the global market players manufacturing liquid thickeners market include; Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Ingredion Incorporated, Kerry Group Plc, Ashland Specialty Ingredients, TIC Gums, Inc., Fuerst Day Lawson Ltd., Acuro Organics Limited, and others.

Brief Approach to Research:

A modelling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms and end uses of product segments included in this study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of the value generated over a pre-defined period. Statistics and data are collected at a regional level and consolidated & synthesised at a global scale to estimate the overall market sizes.

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