Global food texturizers Market is projected to grow at a CAGR of 5.1% during the forecast period (2020 - 2025).
Key Highlights
- Globally, most of the food and beverage companies are utilizing food texturizing agents as food stabilizers and emulsifiers, owing to their qualities of restricting microorganism growth, enhancing shelf-life and above all a distinct mouth feel of the food products.
- The improving palatability and taste appeal enhancement are reflecting the rapid growth of food texturizers in the food and beverage industry. The growth of the food texturizers market is largely driven by global food and beverage growth, which will continue in the future as well.
Key Market Trends
Growing Demand for Low Calorie Food Products
Fast evolving lifeatyle have led to many innovations in food and beverage industry. Consumers look for alternative food products, and focus on the ingredient content of the product. moreover, increasing obesity and cardiovascular diseases cases, over the last few years have triggered the demand for low-fat content food. Food texturizing agents have the ability to replace calorie-dense fats and oils, thus allowing the formulation of more healthy food. Inproved formulations of food products have also utilized food texturizing agents as "fat mimetic". For instance, cellulose derivatives such as microcrystalline cellulose, a type of texturizing agent are used to prepare low fat ice creams and dressings.
North America Dominates the Market
North America holds the largest market share in the food texture market in 2018. It is poised to grow at a steady CAGR over the forecast period. Owing to the increase in innovations in food solutions, demand for ingredients providing textures to food has been increased. Europe stands to be the second largest market owing to increase in demand for processed food. Asia-Pacific is projected to gain the fastest growth of CAGR during the forecast period. In the Asia-Pacific region, food and beverage products with texturizing agents are making foray in a big way with the growing food processing industry. Texturants though primarily function as texturing agents, provide multiple benefits in food processing and improve appeal of food and palatability. Also, increasing demand for processed foods in bakery, confectionery, convenience foods, and dairy industries would drive the food texture market globally.
Competitive Landscape
The market players offering innovative and customized food texturizers are rapidly increasing their market share. This market needs an application-specific approach and composition, which are key factors for further market growth. Some of the major key players in the food texturizers market, globally includes Archer Daniels Midland Co., Cargill, Incorporated., Estelle Chemicals Pvt. Ltd., Ingredion Inc., Tate & Lyle Plc, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
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