LAMEA Food Thickeners Market

LAMEA Food Thickeners Market Size, Share & Industry Trends Analysis Report By Type (Starch, Hydrocolloids, and Protein), By Application, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-18919 Publication Date: December-2023 Number of Pages: 148
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Market Report Description

The Latin America, Middle East and Africa Food Thickeners Market would witness market growth of 8.0% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 824.8 Kilo Tonnes, showcasing a growth of 9.0% (2023-2030).

Food thickeners or thickening agents are added to a mixture of foodstuff to raise the viscosity while maintaining the other properties. The process helps improve the suspension of other ingredients and, at the same time, increases the stability of the food product. In the food industry, thickeners enhance various properties of food products, like viscosity, texture, density, stability, and flavor. As the pace of modern life quickens, the demand for convenient and time-saving food options has surged. Food manufacturers are incorporating thickeners to ensure the stability and quality of processed foods, meeting consumers' expectations for both convenience and palatability.

The health-conscious consumer is driving a shift towards cleaner labels and healthier alternatives. They enable manufacturers to achieve desired textures without compromising on nutritional profiles, supporting the development of products that align with evolving health and wellness trends. With a growing aging population, there is a heightened awareness of dysphagia, a condition that impairs swallowing. Thickeners are instrumental in modifying the viscosity of liquids, making them easier to swallow for individuals with dysphagia, thereby addressing a significant healthcare need.

The UAE food sector is evolving to accommodate the changing needs of consumers, particularly an older population. The global focus on senior nutrition and addressing the unique dietary needs of the elderly influences dietary trends in the UAE. The expansion of the food and beverage industry leads to an increased demand for processed and packaged foods in South Africa. The growth of the food service sector, including restaurants and catering services, contributes to the demand for food thickeners in South Africa. The industry expansion allows for incorporating global culinary trends into the South African food scene. Due to the above-mentioned factors, the market will grow significantly in this region.

The Brazil market dominated the LAMEA Food Thickeners Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $501.7 million by 2030. The Argentina market is showcasing a CAGR of 8.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.7% during (2023 - 2030).

Based on Type, the market is segmented into Starch, Hydrocolloids, and Protein. Based on Application, the market is segmented into Dairy & Frozen Desserts, Bakery, Convenience & Processed Food, Beverages, Sauces, Dressings, Marinades, & Gravies, and Confectionery. Based on Source, the market is segmented into Plant, Animal, and Microbe. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Food Thickeners Market is Projected to reach USD 20.9 Billion by 2030, at a CAGR of 5.8%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cargill, Incorporated, Archer Daniels Midland Company, DuPont de Nemours, Inc., Kerry Group, Plc., Tate & Lyle Plc., Fuerst Day Lawson Ltd., Ingredion Incorporated, Darling Ingredients Inc., Ashland Inc. and CP Kelco U.S., Inc.

Scope of the Study

Market Segments Covered in the Report:

By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Starch
  • Hydrocolloids
  • Protein

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Dairy & Frozen Desserts
  • Bakery
  • Convenience & Processed Food
  • Beverages
  • Sauces, Dressings, Marinades, & Gravies
  • Confectionery

By Source

  • Plant
  • Animal
  • Microbe

By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • DuPont de Nemours, Inc.
  • Kerry Group, Plc.
  • Tate & Lyle Plc.
  • Fuerst Day Lawson Ltd.
  • Ingredion Incorporated
  • Darling Ingredients Inc.
  • Ashland Inc.
  • CP Kelco U.S., Inc.
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