Europe Food Thickeners Market size was over USD 1.85 billion in 2019 and industry expects to witness significant gains at over 6% by 2026.
Food thickeners are extracted from numerous natural sources in order to be incorporated into food and beverage for achieving required flow, stability and texture. Products including starch, hydrocolloids and proteins are used as food thickeners owing to their favorable properties and wide availability. Commercial applications of these constituents are determined by prices and regulations imposed on usage of food ingredients along with limit set for each product to be added in edible items. These thickeners increase stability and consistency of food products when in water contact which should promote product demand.
Significant increase in obesity prevalence among European population has resulted manufacturers to produce fat replacement containing ingredients. Increasing demand for plant & microbial based thickeners owing to low calorie attributes should boost industry growth.
Hydrocolloids product dominate the Europe food thickeners market share in 2019. It is a colloid system where colloid particles shows hydrophilic nature which make them get dispersed in water, hydrocolloids are structured with natural polysaccharide sources. It is widely used as thickeners owing to utilitarian characteristics including condensation and stabilization of food ingredients which should boost industry growth. Wide application range in products including sauces and dressings, poultry & meat products, bakery and beverages should propel growth of product demand.
Growing health awareness among European food & beverage consumer regarding the consumption of safe food ingredients is likely to foster industry growth. Products including cornstarch, arrowroot, Agar Agar, gelatin and eggs are used during cooking or manufacturing of different products like bakery, beverages, meat and dairy. These products provide required consistency and flow needed for cooking or manufacturing different food & beverage products, thereby driving market growth.
Europe market from bakery & confectionery application was valued over USD 330 million in 2019. Europe bakery market size was 225 billion in 2017 and is anticipated to surpass USD 272 billion by 2026 owing to high penetration rate of the products. These products are staple food in Europe and mostly consumed on daily basis, thereby stimulating European market size due to extensive usage of thickeners in bakery products.
Germany food thickeners market revenue was over USD 400 million in 2019. Rising vegan population in Germany owing to increasing animal welfare awareness along with high focus towards healthy eating habits should promote plant based food thickeners demand. According to statistics, In 2014, there were around 700,000 people identified as fully or partial vegetarian and has reached 8 million in 2019 which is expected to grow further in the future. Thus, these aforementioned factors should further promote product demand.
Industry share is competitive with key players including Darling Ingredients Inc, Ingredion Incorporated, Jungbunzlauer, Ashland, Tate & Lyle PLC, CP Kelco, Food Group Limited, Cargill, Inc., Archer Daniels Midland Company, DuPont de Nemours, Inc. and Koninklijke DSM N.V. Manufacturers are strongly focusing on new product launches, strategic acquisitions, as well as collaborations to gain competitive advantage.