Global Plant-based Thickener Market had hit a Valuation of US$ 3.3 Bn in 2021, Further Expected to reach US$ 7.6 Bn by 2032-end Accelerating with a CAGR of 8.8%

Newark, DE / ACCESSWIRE / November 14, 2022 / According to a recent report by FMI, the overall sales of the plant-based thickeners market is expected to reach $7.6 billion by 2032, growing at a CAGR of 8.8% over the decade.

Growing use of functional food ingredients and growing demand for vegan food is expected to drive market sales. Furthermore, the market demand is expected to surge with the increasing consumption of plant-based supplements.

From a regional perspective, North America and Europe are expected to lead the growth of the vegetable thickeners market. Growth in the region is supported by growing trends in veganism in the U.S. and U.K. In addition, increasing sales of plant-based foods and rising aversion to animal-based products will drive market sales.

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The main content of market research

  • North America is expected to contribute nearly 38% of the sales of the plant-based thickeners market share.
  • The United States is expected to account for 65% of the North American mill thickener market revenue.
  • The German vegetable thickener market has a 22% share in the European market.
  • Asia is expected to contribute nearly 20% of the sales of the vegetable thickeners market.
  • During the forecast period, China accounts for 32% of the vegetable thickener market sales in Asia Pacific.
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“Plant-based thickeners market players are likely to capitalize on the growing demand for vegan food, especially in Asia and North America. As such, these companies are focusing on expanding their manufacturing capabilities for revenue.” – Future’s lead analysis The teacher said market insight.

Competitive Landscape

Plant-based thickeners have a competitive global market. Introduction of new product variants, acquisition of smaller market competitors, and increasing awareness of the advantages of plant-based thickeners through different promotions and programs are the major drivers driving the market expansion in the near term.

Some of the leading companies offering Emsland Starke GmbH, Tate & Lyle, Cargill, Ingredion, Novidon, Sudstarke GmbH, Avebe, Agrana, Tereos are the key players in the market.

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Get more valuable insights

Future Market Insights presents an unbiased analysis of vegetable thickeners in its new products, providing historical demand data (2017-2021) and forecast statistics for the period 2022-2032.

Vegetable Thickeners Market by Category

By type:

By application:

  • jams and jams
  • baked goods
  • yogurt
  • seasoning
  • cheese cream
  • Canned Soups and Sauces

By region:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa
  • East Asia
  • South Asia
  • Oceania

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Contents of the table

1.executive Summary

1.1.Global Market Outlook

1.2. Demand side trends

1.3. Supply-side trends

1.4. Technology Roadmap Analysis

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1.5.Analysis and Recommendations

2. Market overview

2.1.Market Coverage/Classification

2.2. Market Definition/Scope/Restrictions

3. Market Background

3.1.Market dynamics

3.1.1.driver

3.1.2.constraint

3.1.3. Opportunities

3.1.4.trend

3.2. Scenario forecast

3.3. Product releases and latest developments

3.4. Product Life Cycle Analysis

3.5. Value chain analysis

3.6. Global Vegetable Thickeners Market-Pricing Analysis

3.7. Predictors – Correlation and Impact

3.8. Analysis of PESTLE and Porter

3.9. Regulatory environment

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About Future Market Insights Inc.

Future Market Insights, Inc. is an ESOMAR accredited business consulting and market research firm, a member of the Greater New York Chamber of Commerce, headquartered in Delaware, USA. We have been awarded the 2022 Clutch Leader Award for our high client score (4.9/5) and we have been working with global businesses to transform their businesses and help them achieve their business ambitions. 80% of Forbes 1000 companies are our customers. We serve global clients in all leading and niche market segments across all major industries.

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