Consumer’s preference shifting toward the healthy diet and healthier lifestyles across the globe is boosting the global food thickeners market growth in a positive way. In addition, rapid urbanization coupled with an increased disposable income of middle-class population in emerging economies such as India and China are booming the demand for food thickeners. However, fluctuation in prices of food thickeners and high R&D cost associated with their production, which is estimated to restrain the global food thickeners market growth in the forecast period.
Consumer’s preference shifting toward the healthy diet and healthier lifestyles across the globe is boosting the global food thickeners market growth in a positive way. In addition, rapid urbanization coupled with an increased disposable income of middle-class population in emerging economies such as India and China are booming the demand for food thickeners. However, fluctuation in prices of food thickeners and high R&D cost associated with their production, which is estimated to restrain the global food thickeners market growth in the forecast period.
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Food Thickeners Market: Global Industry Analysis and Forecast (2023-2029)
Food Thickeners Market was valued at US$ 12.83 Bn in 2022 and is expected to reach US$ 18.51 Bn by 2029, at a CAGR of 5.37%
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