Food Texture Market Size, Share, Growth Analysis, By Functionalities(Thickening, Gelling, Emulsifying, Stabilizing agents), By Application(Dairy & Frozen Foods, Bakery & Confectionery, Sauces & Dressings, Snacks & Savory), By Region - Industry Forecast 2024-2031

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.

Food Texture Market size was valued at USD 12.25 billion in 2021 and is poised to grow from USD 12.82 billion in 2022 to USD 18.52 billion by 2030, growing at a CAGR of 4.7% in the forecast period (2023-2030).

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.', 'In June 2022, Roquette has announced the European launch of its new Nutralys line of organic textured pea and fava bean proteins. Roquette collaborated with Chef Morten Fenger to develop and expand the possibilities of the Nutralys line of organic pea and fava bean protein.', 'In June 2022, InnovoPro Launched an ice cream that uses chickpeas. New products, such as this frozen treat, must overcome consumers' dissatisfaction with the taste and texture of other plant-based offerings.', 'In June 2022, Tate & Lyle, a provider of food and beverage ingredients and solutions, has completed the acquisition of Quantum Hi-Tech (Guangdong) Biological Co., Ltd (Quantum), a Chinese prebiotic dietary fibre business.'

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.