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3. Market Leaders: Ajinomoto Co. Inc. (Japan), ADS (US), Cargill (US), IIF (US), and Tate & Lyle (UK) are Increasing Their Respective Market Shares Steadily Through Expansion and New Product Launches in Food Texture Market

The global food texture market size is estimated to be valued at USD 14.3 billion in 2023 and is projected to reach USD 18.8 billion by 2028, recording a CAGR of 5.6% in terms of value. The increasing demand for food texturizers is driven by evolving consumer preferences for diverse, healthier, and convenient food experiences, along with innovations in product formulations and clean label trends.

Key players operating in this market include Ajinomoto Health & Nutrition North America, Inc. (Japan), ADM (US), Ashland (US), IFF (US), Cargill (US), Tate & Lyle (UK), Avebe (Netherlands), CP Kelco (US), Kerry Group plc (Ireland), DSM (Netherlands), Ingredion (US), Estelle Chemicals Pvt. Ltd (India), Fiberstar, Inc. (US), Riken Vitamin Co., Ltd. (Japan), and Levapan S.A. (Colombia)

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The key players are fixated on improving their market shares, while newer start-ups are being established rapidly in the market. The food texture market can be classified as a fragmented market as it has the presence of various regional players, accounting for a major part of the investments and funding. There are numerous existing and emerging companies, particularly in the Asian markets.

ADM produces food ingredients, animal feed & feed ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company functions through four segments, namely Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition and Others. The Carbohydrate Solutions division processes corn and wheat into a variety of products and ingredients utilized in the food and beverage sector. This includes sweeteners, corn and wheat starches, syrup, glucose, wheat flour, and dextrose. ADM collaborates with growers to transform crops into foods, beverages, supplements, and animal nutrition, promoting global well-being. ADM's portfolio encompasses plant-based proteins, probiotics, and sustainable products. Within the nutrition segment, the food texturizer market finds its place. ADM's innovative approach and global presence enable them to craft nourishing and functional food textures, leveraging their extensive expertise to source premium ingredients and create custom solutions to meet diverse demands.

International Flavors & Fragrances Inc. emerged as a result of a merger that took place in February 2021, combining IFF (US) with Dupont's Nutrition and BioSciences (US). This merged entity continues its operations under the name IFF. IFF, an American corporation, specializes in the production of flavors, fragrances, and cosmetic actives, which it distributes globally. The company functions through its primary business segments, namely Nourish, Health and Biosciences, Scent, and Pharma Solutions. Within its Nourish category, IFF offers food emulsifiers. Since its establishment, the company has maintained a strong emphasis on research and development, allocating substantial resources to R&D activities annually. IFF has established a significant presence in over 200 countries, spanning regions such as Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa through its various subsidiaries.

Cargill, Incorporated is actively engaged in the production of diverse specialty food ingredients and various industrial products with versatile applications. The company's operations are organized into four distinct business segments: animal nutrition & protein, food ingredients & applications, origination & processing, and industrial & financial services. Within its food ingredients & applications segment, Cargill offers an array of specialty ingredients catering to food and beverage manufacturers, food service companies, and retailers. These specialty food ingredients encompass acidulants, sweeteners, starches, and protein ingredients, serving a wide range of sectors including beverages, bakery, dairy, and meat. These ingredients play a crucial role in enhancing the visual appeal, taste, and stability of fresh meat and specialty meat products. Cargill conducts its business across approximately 70 countries and maintains an additional sales presence in nearly 125 countries spanning North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa.

Related Reports:

Food Texture Market by Type (Cellulose Derivatives, Gums, Pectin, Gelatin, Starch, Inulin, Dextrin), Source, Form (Dry, Liquid), Application (Bakery & Confectionery Products, Dairy & Frozen Foods), Functionality and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
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