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TEXTURE INGREDIENTS WORTH $11.8 BILLION IN GLOBAL SALES BY 2018
Posted in News, Bakery / Cereal, Beverages, Confectionery, Emulsifiers, Frozen / Refrigerated Foods,Gums / Starches, Gums, Starches, Hydrocolloid, Market Research, Texture
DALLAS—The global market for sales of texturants is forecasted to reach $11.8 billion by 2018, with a compound annual growth rate of 5%, according to a new research report from MarketsandMarkets, Dallas, TX. Data is based on revenue from significant regions such as North America, Europe, Asia-Pacific and a single category for the rest of the world.
The report, “Food Texture Market by Functionalities (Thickening, Gelling, Emulsifying, Stabilizing Agents), Applications (Dairy & Frozen Foods, Bakery & Confectionery, Sauces & Dressings, Beverages, Meat & Poultry Products) & Geography – Global Trends & Forecasts to 2018," indicated North America and specifically the U.S. led this market in 2012. However developing markets and growing disposable income in other parts of the world is increasing demand for processed foods, spurring the demand for texturizing ingredients, with the Asia-Pacific region predicted to grow at the fastest pace.
Globally, meat & poultry products and bakery and confectionery applications utilize the majority of this class of ingredients, according to the report. Among texturants the report indicates gelling agents lead sales followed by emulsifiers, as general categories. Texturants help modify product rheology and impact its sensory characteristics including factors such as viscosity, creaminess, mouthfeel and flavor release and perception.
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