1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024Low Power Wide Area Network Food Thickener Market Growth Drivers and Forecast 2017- 2024 : Global Market Insights Inc.

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  North America was a major contributor of food thickeners market share in 2016, while Asia Pacific is the fastest growing region in the industry. The reason for North America being the biggest consumer of product is due to heavy consumption of starch, protein and polysaccharide based derivatives in a wide range of foods & beverages. The rising product demand in Asia Pacific can be attributed to the rising disposable income and enhanced spending pattern which has resulted in growing consuming a wide variety of foods and beverages product. Thus, manufacturers in Asia Pacific are focusing on health aspects, product innovation and improving the overall characteristics of product such as flavor, texture and other organoleptic properties. Thus, Asia Pacific is likely to be the fastest growing region over the forecast timespan. Regional Analysis of Food Thickener Market:

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The prominent industries where food thickeners have vital applications are food & beverage, confectionary and bakery. Other applications of the product include convenience & processed foods, sauces, dairy & frozen desserts and marinades & gravies. Among these, dairy & frozen desserts is the largest application segment of the food thickener market. This can be attributed to wide usage of the product as starch and protein for thickening and improving other functional properties such as texture and flavor in products. Additional benefits of the product such as water binding, fat replacement, texturizing and emulsifying make it highly desirable in beverage industry. Application Analysis of Food Thickener Market:

4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The prominent players operating in the food thickeners market share are Sigma- Aldrich Company LLC, Cargill, Archer Daniels Midland Company, Ingredion Incorporated, Kerry Group PLC, Tate & Lyle PLC, TIC Gums and Ashland Specialty Ingredients. Other companies include Simply Thick LLC, Walgreen Company and Hormel Foods Corporation. The key food thickeners market share contributors are primarily focusing on tapping the enormous market potential of developing countries. These players are establishing huge production facilities to fulfil the rapidly increasing local product demand in these developing regions including Asia Pacific and Latin America. Competitive Market Share of Food Thickener Market:

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