Food Texturizers in Global Market– Growth, Trends and Forecasts (2017 - 2022)
The global food texturizers market was valued at USD XX billion in 2016 and is expected to reach USD 11.1 billion by 2022, witnessing a CAGR of 4.8% during 2017-2022 (forecast period). 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.
“HIGHER THE FOOD & BEVERAGE INDUSTRY GROWTH = HIGHER FOOD TEXTURIZERS DEMAND”
GROWING CUSTOMIZATION OF FOOD TEXTURIZERS AGENTS ARE THE FUTURE
The global players in the food and beverage market are intensively offering innovative and customized food texturizing agents, owing to the different requirements of each food and beverage segment. 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. Few leading market players, such as Ajinomoto Co. Inc, Asland Inc., Archer Daniels Midland Co., Cp Kelco, Cargill Inc, Estelle Chemicals, FMC Corporation, and E.I. Dupont are very active in food texturizer’s customization.
ASIA-PACIFICA IS THE FASTEST-GROWING FOOD TEXTURIZERS CONSUMPTION MARKET
Among all major regions, North America is the largest consumer for food texturizers, currently, followed by Europe and Asia-Pacific, owing to the high demand, consumption, and production of food and beverages in these regions. On the other hand, Asia-Pacific is the fastest-growing food texturizers market, due to the huge population, increasing disposable incomes and high consumption of food and beverages in the region. India and China food texturizer markets are projected to experience the highest growth during the forecast period.
NOTABLE MARKET DEVELOPMENTS
Cargill launched customized food texturizer product - C*Clearset® 35426, in 2016. It is a specific blend of specialty starches with gelatin-free properties and has high applicability in confectionery items, for higher functionality. It creates soft texture and effective mouth feel, with optimal transparency. Our report on the global food texturizers market covers the following -