Food Thickeners Global Market
Major players in the market are CP Kelco, ADM, Ingredion Incorporated, Ashland Global Specialty Chemicals Inc., Tate & Lyle PLC, Cargill Inc., Jungbunzlauer Suisse AG, TIC Gums, Medline Industries LP, Archer Daniels Midland Company, Deosen Biochemical (Ordos) Ltd.
The global food thickeners market grew from $11.44 billion in 2022 to $12.36 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The food thickeners market