Food Texture Market Size is valued at USD 14.16 Bn in 2023 and is predicted to reach USD 22.67 Bn by the year 2031 at a 6.25% CAGR during the forecast period for 2024-2031.
Food texture refers to the qualities of a dish that can be felt when eating it, both in the mouth and on the hands. Soft, firm, mushy, crunchy, smooth, and lumpy are just a few of the terms we use to describe the texture of food. Foods are more likely to be liked and eaten when they have a certain texture. Food texturization compounds enhance the food in some way, whether by increased viscosity, thickness, creaminess, clarity, or some other attribute. Although consumers universally acknowledge the significance of flavor, texture can sometimes be disregarded. Many available texturizing additives can give food new flavours and textures. The combination or combination of usage establishes the final feel of the product. They strengthen food, which lengthens the time it may be stored. In addition to the functional potential of texturizing agents in new product lines and applications, rising consumer demand for convenience or ready-to-eat products instead of fresh items also contributes to the market's rapid expansion.
However, the market growth is hampered by the strict regulatory criteria for the safety and health of the food texture market, and the complexity of regulations is a major barrier to growth in the food texture industry. Due to the wide variety of food additive rules and standards, it can be difficult for manufacturers to compete in global markets. There is a high cost associated with testing and complying with these rules. Changes in supply and demand have altered market dynamics due to shifts in consumer behaviour, restrictions on the food service industry, and international lockdowns. With fewer restaurants and cafes, there was less need for convenience and speciality foods. In turn, this affected demand for items and materials designed to enhance surface texture in the locations.
Competitive Landscape
Some Major Key Players In The Food Texture Market:
- Ajinomoto Co 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.
- (Japan)
- Levapan S.A. (Colombia)
- Nexira,
- Palsgaard
- Puratos
- Naturex
- Roquette Frères
- Bhansali International
- B & V Srl
- Altrafine Gums
- Agarmex
- Agar Del Pacifico S.A.
- Others
Market Segmentation:
The food texture market segmentation is based on type, form, and application. Based on type, the market is segmented into cellulose derivatives, gums, pectin, gelatin, starch, inulin, and dextrin. As per the form, the market is segmented into dry and liquid. The application segment is segmented into bakery & confectionery products and dairy & frozen foods.
Based On The Form, The Liquid Food Texture Market Segment Is A Major Contributor To The Food Texture Market.
The liquid food texture market is expected to hold a significant global market share in 2024. liquid or beverage-based items that offer convenience and functionality. Changes to these liquid products' mouthfeel, viscosity, and overall sensory appeal are typically necessary. The increased interest in dairy and meat substitutes has also stimulated new developments in the liquid food texture industry.
Dairy & Frozen Foods Segment To Witness Growth At A Rapid Rate.
Dairy & frozen foods is used in large amount due to the loss of vitamins and minerals from fresh meals over time. Frozen alternatives may be more nutrient-dense than their fresh counterparts, especially in countries like the US, Germany, the UK, China, and India.
In The Region, The Asia Pacific Food Texture Market Holds A Significant Revenue Share.
The Asia Pacific food texture market is expected to register the maximum market share in revenue in the near future. It can be attributed to the fact that more and more creative methods of feeding the public have emerged, and so has the demand for ingredients that lend texture to dishes. The rising demand for processed foods in the bakery, confectionary, convenience food, and dairy industries will affect the worldwide food texture industry. In addition, Europe is estimated to grow rapidly in the global food texture market because of consumer interest in packaged goods and the retail industry's response.
Recent Developments:
- In March 2023, Tate & Lyle PLC (Tate & Lyle), a global leader in component answers for healthier food and beverages, is proud to introduce TASTEVA® SOL Stevia Sweetener, the newest member of its sweetener family. Tate & Lyle's capacity to assist customers in resolving stevia solubility concerns in food and beverages has been greatly enhanced by this patent-protected innovation, which satisfies growing consumer demand for low-calorie, high-nutrition options.
- In March 2022, ADM inaugurated an innovation center in Hortolândia, Brazil, signifying its initial foray into Latin America in the realm of human nutrition. The establishment of the $4.7 million (€4.27m) center was a deliberate and calculated action taken to strengthen and unify the progress and financial commitments made in the field of nutrition in the past few years.
Food Texture Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 14.16 Bn |
|
Revenue Forecast In 2031 |
USD 22.67 Bn |
|
Growth Rate CAGR |
CAGR of 6.25 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, Form, Application |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Ajinomoto Co 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), Nexira, Palsgaard, Puratos, Naturex, Roquette Frères, Bhansali International, B & V Srl, Altrafine Gums, Agarmex, Agar Del Pacifico S.A. and Others |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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