Food Texture Market - Market Leaders
Food texturizing agents are mainly used for adding thickness, viscosity, creaminess, and stability to the food product. They are majorly applied in bakery & confectionary and meat & poultry products manufacturing. Sauces & dressings are projected to have a good growth for food texturizing agents application in forthcoming years. In case of bakery & confectionary application, confectionery is the main segment in which food-texturizing agents are applied. Due to major application in confectionery and meat & poultry, gelling agents hold a major market share in the food texture market.
CP Kelco (U.S.), Tate and Lyle PLC (U.K.), and Ingredion Inc. (U.S.) are major manufacturers of food texturizing agents globally. CP Kelco is engaged in the manufacturing of texturizing agents such as hydrocolloids and whey proteins. Tate and Lyle PLC produces food stabilizers, emulsifiers, hydrocolloids, food starches, dietary fibers, etc. Ingredion Inc. is involved in the production of starches, emulsifiers, and some other texturants. All the above-mentioned three companies conquer more than 33% of the market share. CP Kelco has focused on the expansion strategy mainly through facility expansion in different areas. The overall competitive environment for the food texture market can be stated as partially consolidated with CP Kelco, Tate and Lyle PLC, and Ingredion Inc. dominating the market share. Other companies such as DuPont (U.S.) and Kerry Group (Ireland) also contributed prominent share in the food texture market.
New product launch and expansions & investments are the key strategies adopted by the principal market players. The market players such as Penford Corporation (U.S.), Premium Ingredients (Spain), Nexira (France), and Tate & Lyle PLC (U.K.) have also opted for new products launch as their main strategy. Premium Ingredients (Spain) marked maximum number of new products followed by Tic Gums (U.S.). Companies such as Ajinomoto Co. Inc. (Japan), Fiberstar (U.S.), CP Kelco (U.S.), Naturex (France), etc. contributed significantly to the expansion & investment strategy.
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