Thickening Agents Market Revenue was valued at USD 5.12 Billion in 2024 and is estimated to reach USD 7.83 Billion by 2033, growing at a CAGR of 5.3% from 2026 to 2033.
In 2022, the global thickening agents market was valued at USD 15.6 billion and is projected to reach USD 28.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period. The Asia Pacific region held a significant market share, with 35.8% in 2022, driven by rapid urbanization, increasing disposable incomes, and changing dietary habits leading to higher demand for convenience foods. North America also contributed substantially, with a market share exceeding 38.0% in 2022, attributed to a well established food and beverage industry and a growing preference for natural and organic products. Europe maintained a strong presence in the thickening agents market, bolstered by high consumption of personal care and cosmetics products, as well as stringent food safety and quality regulations that increased demand for compliant thickening agents. Latin America and the Middle East & Africa regions are experiencing moderate growth, driven by expanding populations and evolving consumer preferences towards processed and packaged foods. These regions present opportunities for market expansion as awareness and demand for thickening agents continue to rise.
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Akzo Nobel
BASF
Dow
Dupont
ADM
Ashland
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Thickening Agents Market
Natural Thickening Agents
Synthetic Thickening Agents
Modified Starch Thickening Agents
Cellulose-based Thickening Agents
Gums & Hydrocolloids
Food & Beverages
Cosmetics & Personal Care
Pharmaceuticals
Paints & Coatings
Textile Industry
Viscosity Enhancement
Stabilization
Suspension
Emulsification
Gelation
Plant-based
Animal-based
Synthetic
Microbial
Food Industry
Cosmetic Industry
Pharmaceutical Industry
Paint & Coating Industry
Textile Industry
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Thickening Agents Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Thickening Agents Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Thickening Agents Market, By Type
6. Global Thickening Agents Market, By Application
7. Global Thickening Agents Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Thickening Agents Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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