Rheology Modifiers Market Analysis, Size, Revenue, Growth Rate, Industry Overview by Top Key Companies and Forecast by 2030
The increasing demand for rheology modifiers in the food and beverage industry is expected to have a positive impact on the rheology modifiers market, states Fortune Business in a report, titled “Rheology Modifiers Market Size, Share & Industry Analysis, By Product Type (Hydrocollides, Emulsifiers, Others), By Application (Dairy and frozen, Confectionery, Bakery, Others) Others and Regional Forecast, 2023-2030” the growing consumption of bakery products is predicted to spur the demand of the market in the forthcoming years.
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The Reports lists the Main Companies in the Rheology Modifiers Market:
- Kerry Group plc.
- Archer-Daniels-Midland Company
- DuPont de Nemours, Inc.
- Tate & Lyle Plc Cargill
- Ingredion Incorporated
Stellar Demand for Packaged Food to Augment Growth
The increasing application of rheology modifiers in various food formulations such as processed food and beverage products which include sauces, bakery products, soups, salad dressings, and others can be a vital factor expected to aid the development of the market. The increasing awareness regarding the use of rheology to improve textural qualities such as taste, mouthfeel, and shelf-life stability of food and beverage products is likely to augur well for the market. The growing demand for convenience food such as bakery products, functional beverages, savory snacks, and others is predicted to promote healthy growth of the market. The increasing consumption of packaged food products in developed, as well as developing nations owing to the utilization of rheology modifiers in their processing, is expected to create lucrative business opportunities for the market. The rising shift towards organic food and healthy lifestyle among consumers is predicted to bode well for the market. The growing need for bakery products such as whole-wheat bread, doughnuts, cookies, and others is predicted to further enhance the growth of the market. In addition, the growing application of rheology modifiers in the pharmaceuticals, adhesives, and food and beverage sectors is expected to bolster the growth of the market. However, the high price of rheology modifiers is a factor expected to dampen the growth of the market.
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High Consumption of Dairy Products to Boost Market in Asia Pacific
Geographically, the market size is divided into North America, Asia Pacific, Europe, the Middle East, and Africa, and Latin America. Asia Pacific is expected to dominate the market in the forthcoming years owing to the use of rheology modifiers in various industrial applications. India and China are one of the major producers and consumers of dairy products. The rising demand for dairy products including curd, paneer, ice-cream, milkshakes, and others which require food rheology modifiers in the processing is predicted to boost growth in the region. The increased diet of the consumers and taste preferences is expected to contribute positively to the growth in the region. The increasing disposable income of the people is expected to further contribute to the growth of the market. In addition, the rising demand for confectionery and bakery products will aid the expansion of the market in Asia Pacific in the forthcoming years.
February 2019: DuPont de Nemours, Inc. (U.S), an American chemical company announced the ACULYN Siltouch Rheology Modifier. The innovative modifier provides instant thickening and water viscosity.
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