USD 23.28 Billion
Report ID: SQSG30H2006 | Region: Global | Published Date: October, 2022 | Pages: 157 | Tables: 67 | Figures: 65
Global Food Texture Market size was valued at USD 23.28 Billion in 2021, and it is expected to reach a value of USD 31.15 Billion by 2028, at a CAGR of 4.39% over the forecast period (2022-2028).
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.
Global Market Size
USD 23.28 Billion
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The Global Food Texture Market is segmented based on Functionalities, Application, and Region. Based on the Functionalities, the Global Food Texture Market is segmented as Thickening, Gelling, Emulsifying, Stabilizing agents. Based on the Application , the Global Food Texture Market is segmented as Dairy & Frozen Foods, Bakery & Confectionery, Sauces & Dressings, Snacks & Savory, Beverages, Meat & Poultry products. Based on Region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
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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Consumers tend to have some allergy or can get affected by added ingredients for the texture which can result in headache, ulcers, skin rashes, intestinal upsets. These side effects can cause major setbacks for the market.
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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.
Top Player's Company Profiles
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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.
|Market size value in 2021||USD 23.28 Billion|
|Market size value in 2028||USD 31.15 Billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global 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 Global 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.
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Product ID: SQSG30H2006