USD 12.9 billion
Report ID:
SQSG30H2006 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
67
|Figures:
78
Food Texture Market size was valued at USD 12.82 Billion in 2023 and is poised to grow from USD 13.42 Billion in 2024 to USD 19.39 Billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).
Food Texturizing compounds are used to enhance the food texture such as viscosity thickness, creaminess, clarity, and a variety of other properties. Many customers are aware of the value of flavor in food products, but they are less aware of the relevance of texture. The many texturizing additives available in the food texture market provide the dish with different qualities. it can be used alone or in multiple combinations to provide the final product texture. They help to provide food with a more solid structure and hence extend its shelf life. Food texture is a major criterion consumers use to judge food quality and freshness. Texture enhances the sensory experience of food and is a key ingredient in food and beverage products worldwide. The food and beverage industry increasingly uses texturizing agents in various processed foods.
US Food Texture Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 12.9 billion
Largest Segment
Thickening
Fastest Growth
Thickening
Growth Rate
5.7% CAGR
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Global Food Texture Market is segmented by Type, Source, Form, Functionality, Application, and Region. Based on Type, the market is segmented into Cellulose Derivatives, Gums, Pectin, Gelatin, Starch, Inulin, Dextrin, and Other Types. Based on Source, the market is segmented into Natural, Synthetic. Based on Form, the market is segmented into Dry, Liquid. Based on Functionality, the market is segmented into Stabilizing, Thickening, Gelling, Emulsifying, Other Functionalities. Based on Application, the market is segmented into Bakery & Confectionery Products, Dairy & Frozen Foods, Meat & Poultry Products, Beverages, Snacks & Savory, Sauces & Dressings, and Other Applications. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Food Texture Market Analysis by Functionalities
In 2021, Emulsifying had the largest market share of more than 40%. Emulsifying is likely to be driven by an increase in processed food consumption due to rising increase in end-user applications of food emulsifiers. This has resulted in a growing food texture market for various forms of convenience foods, which is expected to drive processing ingredient consumption volumes in the food and beverage industry, such as emulsifiers.
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In 2021, The largest market share of the food texture market is North America. The need for components that provide textures to food has increased as a result of greater food innovation. Due to the rising demand for processed foods, Europe is expected to become the second-largest market. Asia-Pacific is expected to develop at the fastest rate of 6.2% throughout the forecasted period. Food texturants provide benefits in food processing and enhance food appeal and palatability, despite their primary function as texturing agents. In addition, the rising demand for processed foods in the bakery, confectionery, convenience food, and dairy industries will influence the food texture market globally.
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Food Texture Market Driver
Food Texture Market Restraint
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The global food texture market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.
Food Texture Market Top Player's Company Profiles
Food Texture Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Food Texture Market Analysis, The food and beverage sector is always on the search for additives and ingredient solutions that help food items retain their nutritional value while also providing a longer shelf life, improved structure, and high stability. As a result, many food texture market players will benefit from the use of higher-quality and more efficient additives. Based on their specific qualities, functions, and capabilities, several types of starch sources such as quinoa, oats, barley, potato, and corn could be utilized to extract such super-stabilizing food texture. Such advancements in the creation of food emulsifiers could help the market grow much more, while also benefiting market players by lowering product costs and extending their shelf life.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 12.9 billion |
Market size value in 2031 | USD 21.25 billion |
Growth Rate | 5.7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Food Texture Market Recent Developments
|
Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Food Texture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Texture Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Texture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Texture Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Food Texture Market size was valued at USD 12.25 billion in 2019 and is poised to grow from USD 12.82 billion in 2023 to USD 18.52 billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).
The food texture market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'Archer Daniels Midland Company', 'Cargill, Incorporated', 'DowDuPont Inc.', 'Ingredion Incorporated', 'Kerry Group plc', 'Tate & Lyle plc', 'Ashland Holdings Inc.', 'CP Kelco', 'FMC Corporation', 'Givaudan SA', 'International Flavors & Fragrances Inc.', 'Koninklijke DSM N.V.', 'Lonza Group Ltd.', 'PPG Industries, Inc.', 'Sensient Technologies Corporation', 'Symrise AG', 'BASF SE', 'Chr. Hansen Holding A/S', 'Firmenich SA', 'GEA Group AG.'
Growing globalization and changing lifestyles are driving an increase in convenience food consumption in the world. As a result, the increase in demand for convenience foods is expected to boost the worldwide food texture market. In developed countries, convenience food is becoming increasingly important to consumers.
Food texture aids in the prevention of product spoiling caused by mold, air, bacteria, fungi, or yeast, particularly in dairy and bread applications. They assist control contamination as well as protecting the quality of the food.
In 2021, The largest market share of the food texture market is North America. The need for components that provide textures to food has increased as a result of greater food innovation. Due to the rising demand for processed foods, Europe is expected to become the second-largest market. Asia-Pacific is expected to develop at the fastest rate of 6.2% throughout the forecasted period. Food texturants provide benefits in food processing and enhance food appeal and palatability, despite their primary function as texturing agents. In addition, the rising demand for processed foods in the bakery, confectionery, convenience food, and dairy industries will influence the food texture market globally.
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Report ID: SQSG30H2006
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