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.
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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.
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.
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.
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.
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