Liquid Thickeners Market to grow at a CAGR of 5.7% during 2024-2028
The Liquid Thickeners Market is expected to grow at a CAGR of 5.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1712.5 million. The global liquid thickeners market is experiencing a notable trend, with leading industry players introducing innovative products to cater to evolving consumer preferences and the diverse needs of food manufacturers. In line with this trend, Roquette, a renowned provider of plant-based ingredients, expanded its texturizing solutions portfolio in August 2024. The company launched four new tapioca-based cook-up starches: CLEARAM TR 2010, CLEARAM TR 5010, CLEARAM TR 3010, and CLEARAM TR 4010. These starches are specifically engineered to enhance viscosity, consistency, and elasticity in various food applications, including sauces, dairy desserts, yogurt, and bakery fillings. Roquette's new offerings underscore the company's commitment to providing advanced solutions that meet the evolving demands of the food industry.
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Technavio analysts predict that the Food and beverages subsegment will lead the Application segment during 2024 and 2028 The global liquid thickeners market holds significant importance in the food and beverages industry due to the demand for improved texture, stability, and consistency in various products. Cargill, a leading industry player, provides a comprehensive range of liquid thickeners, including carrageenans derived from red seaweeds. These carrageenans are processed using advanced techniques to generate customized solutions, acting as proficient thickening, gelling, and stabilizing agents. Extensively employed in dairy products, fruit preparations, and meat processing, carrageenans exhibit distinctive properties, interacting with proteins and synergistically enhancing the texture and stability of foodstuffs. Notably, these thickeners significantly contribute to the production of dairy desserts, chocolate beverages, ice cream, and brined meats.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish growing aging population and healthcare needs
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The Liquid Thickeners Market encompasses a wide range of products used in various industries for enhancing texture and consistency in liquids. Manufacturers prioritize quality and stability in producing these thickeners to cater to diverse applications in processed food and packaged foods, urbanization-driven demand for coatings in paints, textiles, drug formulations, personal care, sauces, and soups. Formulation technology plays a crucial role in creating sustainable thickeners, with a growing preference for natural alternatives derived from renewable resources. These thickeners are essential in food applications, providing desirable texture and consistency to sauces, soups, and other food products. In the cosmetics industry, they contribute to the desired viscosity and spreadability of various personal care products. Industrial goods, including coatings, paints, and textiles, also rely on liquid thickeners for improved performance and durability. The market for liquid thickeners is driven by the increasing demand for processed and packaged foods, urbanization, and the growing preference for sustainable and natural thickeners. Chemical thickeners continue to dominate the market, but the demand for natural alternatives is on the rise due to health and environmental concerns. Overall, the liquid thickeners market is expected to grow steadily in the coming years, driven by the diverse applications and the need for improved texture and consistency in various industries.
The global specialty chemicals industry encompasses businesses specializing in the production of high-value-added chemicals utilized in the manufacturing of various products, such as fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio's market analysis, the size of the global specialty chemicals market is determined by the consolidated revenue generated by these businesses. Key growth drivers for this market include the increasing demand for specialty adhesives and sealants, which are expected to significantly contribute to market expansion throughout the forecast period.
The Liquid Thickeners Market is experiencing significant growth, fueled by the growing aging population and healthcare needs. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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