The global food texturizing agents market size is poised to witness promising growth in the coming years on account of the rising food and beverage industry worldwide. Food texturizing agents help to alter the properties of the food either in solid or liquid shape and increases the overall stability of the product without altering the properties or taste of the product. The market is discussed in details in an upcoming report by Fortune Business Insights™ titled, “Food Texturizing Agents Market Size, Share & Industry Analysis, By Product Type (Thickening Agent, Emulsifying Agent, Binding Agent, Stabilizing Agent, Others), By Application (Bakery, Confectionery, Meat & Poultry, Dairy Products, Beverages, Others) Others and Regional Forecast, 2023-2030.”
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What are the Objectives of the Report?
- A comprehensive overview of the market
- Table of segmentation based on factors such as product type, application, and regions
- Factors boosting, repelling, challenging, and creating opportunities for the market.
- Competitive landscape of the market, list of key players and their strategies to gain a competitive edge in the market
- Significant industry developments, and other interesting insights into the market
- Current food texturizing agents market trends
Market Drivers
Growth of the food and beverage industry is a major food texturizing agent market growth driver. In addition to this, the increasing demand from the confectionery food sector is also boosting the market. However, the growing inclination towards organic food products and the increasing awareness about health issues associated with the consumption of processed food for a long time may cause significant hindrance to the market in the long run.
Nevertheless, the adoption of advanced processing and extraction techniques by food ingredient manufacturing companies will create lucrative growth opportunities for the market in the long run.
Geographical Segmentation:
Rapid Expansion of Food Processing industry will Help Asia Pacific Market Gain Impetus
On the basis of geographical segmentation, the global food texturizing agent market is widespread into the regions of North America, Europe, Asia Pacific, South America, and the Middle East and Africa. These regions are further categorized on the basis of nations. Out of these, North America is holding the largest food texturizing agent market share on account of the increasing innovation in food ingredient solutions throughout this region. Additionally, the increasing market for processed food is also demanding more texturizing agents for maintaining the quality and texture of the food products, and this is also boosting the regional market. Furthermore, the presence of major companies such as Cargill Incorporated (U.S.) and Ingredion Inc. (U.S.) are also aiding to the expansion of the market in the forthcoming years.
Major Segments includes:
By Product Type
- Thickening Agent
- Emulsifying Agent
- Binding Agent
- Stabilizing Agent
- Others
By Application
- Bakery
- Confectionery
- Meat and Poultry
- Dairy Products
- Beverages
- Others
By Geography
On the other side, the rapidly growing food processing industry in developing economies such as India, Japan, and China are likely to help increase the market size in Asia Pacific.
Competitive Landscape:
Joint Ventures will Attract High Revenue in Forthcoming Years
Players functioning in the food texturing agents market are engaged in the production of better products that will stand out in the crowd and help them reach a higher position in the market competition. Therefore, companies are investing large sums into the development of unique products. Vendors are also engaging in joint ventures, agreements and contracts, and mergers and acquisitions for collaboratively attracting high food texturizing agents market revenue in the forthcoming years.
List of Food Texturizing Agents Market Manufacturers include:
- FMC Corporation (U.S.)
- Tate and Lyle PLC (U.K.)
- Archer Daniels Midland Company (U.S.)
- Cargill Incorporated (U.S.)
- Estelle Chemicals (India)
- Kerry Group (Ireland)
- CP Kelco (U.S.)
- Ajinomoto Co. Inc. (Japan)
- DowDuPont Inc. (U.S.)
- Ingredion Inc (U.S.)
- Others
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