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Plant Based Thickener Market Size, Industry Analysis Report By Purchaser Type (jams and marmalades, baked goods, yogurt, seasoning, cheese cream, canned soups and sauces), By Ingredient Type (Organic, Conventional) & Region – Forecast

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 273
  • CATEGORY
  • Food & Beverages
The Plant Based Thickener Market: Overview
The Plant Based Thickener Market is expected to grow at a considerable rate by 2030, with a growing CAGR over the forecast period. A plant-based thickener is a substance that is added to food to increase viscosity without changing the dish's flavour or other qualities. Typically, plant-based thickeners are used to thicken culinary items like soups, puddings, and various sauces without altering their flavour. The other class of non-food grade thickeners, in addition to the edible thickeners, is utilised in paints, inks, and cosmetics. The two types of food thickeners that are typically utilised are polysaccharides and proteins. Among the polysaccharides are pectin, vegetable gums, and starches.
The Plant Based Thickener Market - Growth Factor

The demand for vegan products has recently increased, necessitating the use of plant-based ingredients as thickeners. The many kinds of plant-based thickeners are regarded as functional additives since they assist improve the texture and look of the meal while also enhancing its nutritional content by substituting high-fat ingredients in a range of food products. Different functional starches and gums that are utilised in soups, sauces, salad dressings, gravies, and other foods make up plant-based thickeners. The market for plant-based thickeners is primarily driven by the rising trend of using functional food ingredients that have a positive impact on human health, increased demand for vegan ingredients due to the increasing popularity of vegan cuisine worldwide, growing demand for food products with an improved and supple mouthfeel, and rising preference for food ingredients with a natural origin.

The Plant Based Thickener Market – Market Trends
1)The demand for vegan and healthy diet options is growing due to the quickly shifting consumer taste preferences, which has led to a fragmentation of the global market for plant-based thickeners.
2)To gain market share, the players should concentrate on creating products with clean labels and adding diverse textures to foods.
3)Additionally, there are several culinary uses for plant-based thickeners. For example, agar is used as a vegetarian gelatin since it can replace gelatin in a range of food preparations and has stronger setting properties than gelatin.
4)The majority of businesses have been impacted by the rapidly proliferating coronavirus, and the food and beverage sector are no exception. Most nations issued an emergency notice, imposed stringent lockdowns, and restricted movement to stop the sickness from spreading. As a result, the food sector was forced to temporarily stop all of its operations.
5)Additionally, the supply chain disruption caused a shortage of raw supplies. All of these elements together finally led to a decline in the demand for plant-based thickeners, which in turn had an impact on the expansion of the global market for plant-based thickeners during the pandemic.

The Plant Based Thickener Market – Segmentation
The Plant Based Thickener Market fragrance concentrates market has been sub-classified into type, application.
On the basis of ingredient type, the Plant Based Thickener Market is bifurcated into:
• Organic
• Conventional
• others

On the basis of purchaser type, the market is segmented into:
• jams and marmalades
• baked goods
• yogurt
• seasoning
• cheese cream
• canned soups and sauces
• others


The Plant Based Thickener Market –Regional Analysis
North America dominated the global Plant Based Thickener Market, Consumer desire for low-calorie and gluten-free foods is on the rise in this region. Veganism is also becoming more popular, and key businesses are coming up with creative new products to draw in customers.
The Plant Based Thickener Market – Key Market players
Global key players of Plant Based Thickener Market include Emsland Starke GmbH (Germany), Tate & Lyle Plc (United Kingdom), Cargill Inc. (United States), Ingredion (United States), Novidon (United States), Sudstarke GmbH (Germany), Avebe (Netherlands), Agrana (Austria) and Tereos (France).

Report scope
Global Plant Based Thickener Market: Historical Years- 2018-2021
Global Plant Based Thickener Market: Forecast Years- 2022-2030

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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