Global Food Texture Market: Overview
Food and beverage companies are increasingly using texturizing agents in a variety of processed foods due to the benefits they offer. They help in retaining the nutrients and also in preventing microorganisms growth, thereby extending the shelf life of the product. In addition, they improve the appeal and palatability of food, which reflects positively on the sales of food items. The rising health consciousness among consumers is anticipated to revolutionize the food texture market in the near future.
This research report offers a detailed overview of the global food texture market and its affiliated industries during the forecast period from 2015 to 2023. It offers key insights into the market by comprehensively covering different classifications, definitions, and participants in the industry chain structure. It analyzes the various critical parameters of the market including its dynamics, geographical segmentation, development trends, and competitive landscape.
Global Food Texture Market: Drivers and Restraints
Convenience food is increasingly becoming an indispensable part of consumers in developed countries. These products are gaining popularity especially among students and working professionals. Growing globalization and changing lifestyles are leading to rise in consumption of convenience food in other parts of the world as well. Therefore, the surge in the demand for convenience food is likely to augur well for the growth of the global food texture market. Moreover, the rising consumer disposable income and improving economic conditions in developing regions are working in favor of the growth of the overall market.
On the flip side, the side effects associated with food texture are hampering the growth of the market. These disadvantages include high-calorie content, loss of energy, and increased allergenic contents. Furthermore, their manufacturing may involve procedures that have adverse impacts on the environment, which in turn is influencing the growth of the market negatively. However, players in the global food texture market are drifting towards manufacturing safe synthetic chemicals. This is likely to create immense growth opportunities for the market.
Global Food Texture Market: Geographical Segmentation
The key regions examined in the report are North America, Europe, Asia Pacific, and Rest of the World. North America holds the lion’s share in the market, followed by Europe. The growth of these regions can be attributed to the growing demand for processed food, rising innovation in food solutions, and increasing demand for bakery and confectionary products.
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Asia Pacific is estimated to register significant growth during the forecast period. Emerging countries in the region such as India and China will experience a spike in the demand for texturizing agents owing to the increasing production and consumption of processed foods. The improving economic conditions are leading to the growth of affluent urban populations, thereby creating a lucrative market for food texture. Other factors driving the growth of the region are the abundant availability of raw materials and cheap labor, expanding retail sector, and the growing food and beverage industry.
Companies Mentioned in the Report:
Players in the food texture market are increasingly offering customized solutions to the manufacturers in the food and beverage sector due to the application-specific desirability of several texturizing functions. Product innovation is a go-to strategy for the majority of companies to stay relevant in the market. The leading players in the market are Archer Daniels Midland Co., Ajinomoto Co. Inc, Asland Inc., Cargill Inc, Cp Kelco, Estelle Chemicals, E.I. Dupont De Nemours & Company, and FMC Corporation.