CAGR: 4.7%Current Market Size: USD 22.11 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The Global Food Texture market is expected to grow from USD 22.11 billion in 2022 to USD 31.9 billion by 2030, at a CAGR of 4.7% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increasing demand for packaged and ready-to-eat food products.
A wide range of products are textured, including dairy products, ice cream, jams, baked goods, salads, candies, soups, and drinks, and the future demand for texturing agents is expected to be driven by consumer fascination and interest, as improvements in appearance encourage consumers to purchase more products. Research has been conducted on methods to improve the texture of thermally processed products because consumers are increasingly seeking 'fresh-like' processed plant-based foods, creating new opportunities for market growth. A growing market for modified consumables for the elderly may emerge shortly. In the future, additives and emulsifiers will play a key role in producing food items that are expected to eradicate swallowing problems among the elderly and establish a market for them. Increasingly, the food industry is required to inspect individual commodities to maintain and upgrade food quality, including shape and texture, before they are delivered to consumers. Food products of exceptional quality and consistency are becoming increasingly popular in domestic and global markets. Furthermore, the high cost of textured foods has restricted their adoption in middle-income groups, and in rural and isolated regions, consumers prefer home-cooked meals as a result of their convenience, which will hamper the growth of the market.
Sample Request: - Global Food Texture Market
Market Dynamics:
Drivers:
Food textures are gaining popularity as they enhance the sensory properties of the food product as well as improve the eye appeal of the product which leads to more consumer attraction. Major key players are focusing on enhancing the properties of food textures to make them more acceptable and demandable in the consumer sector. Furthermore, Emulsifiers combine two components to make a smooth and homogenous product. Emulsifier agents make bakery goods, chocolates, and margarine stable and flavourful.
Restraints:
There are some factors which are hampering the growth of the food texture market. The textures of foods can make them appear sweeter or saltier, even when the sugar content remains the same. This can have a direct effect on food texture, as well as the high-calorie content, energy loss, and rising allergenic content. Rising consumer concerns about the safety of the food texture are making it difficult for the market to grow at a normal pace.
Opportunities:
A growing number of consumers in developed countries prefer convenience foods, particularly among students and working professionals, and these products are becoming more popular. The frozen food industry is experiencing a boost as consumers in developed nations prefer the convenience and ready-to-eat foods over fresh foods.
Challenges:
Consumers in rural and isolated regions prefer home-cooked food due to the high price of textured food products. Furthermore, textured food products are not widely adopted by middle-income groups due to their high price. Moreover, a lack of awareness about textured food products will also impact market growth during the Projectioned period.
Segmentation Analysis:
The global food texture market has been segmented based on functionalities, applications, and regions.
By Functionalities
The functionalities segment includes emulsifying agents, thickening agents, stabilizing agents, gelling agents and others. The emulsifying agent’s segment led the largest share of the food texture market with a market share of around 26% in 2022. A substance used to stabilize liquid mixtures is an emulsifying agent. In addition to improving taste and texture, emulsification is also used to make foods more attractive. A popular form of emulsifying agent is monoglycerides, which are listed on UnderstandingFoodAdditives.org.
By Application
The application segment includes meat & poultry products, snacks products, dairy products, bakery products and others. The dairy products segment led the largest share of the food texture market with a market share of around 29% in 2022. Dairy products accounted for the largest share of the food texture market in 2020, and food texture demand for dairy products is expected to grow by 2.6 % during this period due to the growing demand for milk-based liquids or frozen foods. The dairy products segment is dominated by the consumer demand for smooth, creamy, and free-of-standing moisture, regardless of whether the product is liquid or frozen.
Global Food Texture Market- Sales Analysis.
The sale of food texture expanded at a CAGR of 4.3% from 2016 to 2022.
A growing number of mature markets are moving to ready-to-eat products, which in turn leads to more frozen food processing. Food textures help preserve nutrients and prevent microorganisms from growing, which extends the shelf life of frozen foods, and boosts the growth of the food texture market.
Food texture is a crucial part of how consumers perceive the indulging experience of eating and drinking. The rising consumers demand textured food products is helping the market to launch new products to cope with demands from consumers.
Plant-based proteins are in demand due to concerns about sustainability, the environment, and animal products, which is boosting the industry's growth.
Thus, owing to the aforementioned factors, the global food texture market is expected to grow at a CAGR of 4.7% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the human insulin drugs and delivery devices market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the food texture market and held a 39.6% share of the market revenue in 2022.
Global Food Texture Market - Country Analysis:
Germany's food texture market size was valued at USD 1.7 billion in 2022 and is expected to reach USD 2.47 billion by 2030, at a CAGR of 4.8% from 2023 to 2030.
In Germany, additives and emulsifiers for food products are required to be declared on product packaging with either their name or their E-number according to European Union legislation.
China’s food texture market size was valued at USD 1.8 billion in 2022 and is expected to reach USD 2.6 billion by 2030, at a CAGR of 5% from 2023 to 2030.
There will be an increase in the demand for texturizing agents in China because of the greater consumption of processed foods. 72% of Chinese consumers surveyed stated that texture claims influence their purchase decisions.
India's food texture market size was valued at USD 1.3 billion in 2022 and is expected to reach USD 1.9 billion by 2030, at a CAGR of 4.9% from 2023 to 2030.
A rise in the consumption of packaged food items and the development of the retail sector is expected to contribute to the fastest growth in the Indian market.
Key Industry Players Analysis:
To increase their market position in the global food texture market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
4.7% |
Market Size |
22.11 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Functionalities, By Application, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Premium Ingredients, Estelle Chemicals, Palsgaard A/S, Penford Corporation, Fiberstar Inc., Riken Vitamin Co. Ltd., Archer Daniels Midland Co., Dupont DE Nemours & Company, Tic Gums Inc., Nexira, FMC Corporation, Kerry Group, Ashland Inc., Lonza Group Ltd, Fuerst Day Lawson, Royal DSM N.V., Ajinomoto Co. Inc., Royal DSM, and Palsgaard A/S. |
By Functionalities |
|
By Application |
|
Regional scope |
|
Scope of the Report
Global Food Texture Market By Functionalities:
Global Food Texture Market By Application:
Global Food Texture Market By Region:
Global food texture market is expected to reach USD 31.9 billion by 2030.
The food texture market is projected to have a CAGR of 4.7%.
Based on the application, the global food texture market has been segmented into meat & poultry products, snacks products, dairy products, bakery products and others.
Leading market players active in the global food texture market are Premium Ingredients, Estelle Chemicals, Palsgaard A/S, Penford Corporation, Fiberstar Inc., Riken Vitamin Co. Ltd., Archer Daniels Midland Co., Dupont DE Nemours & Company, Tic Gums Inc., Nexira, FMC Corporation, Kerry Group, Ashland Inc., Lonza Group Ltd, Fuerst Day Lawson, Royal DSM N.V., Ajinomoto Co. Inc., Royal DSM, Palsgaard A/S among others.
The segments covered in the food texture market are functionalities, application, and regions.
Political Factors- The business environment is negatively impacted by both bureaucracy and corruption. The business environment for the food texture market is more unstable when operating in nations with high levels of corruption and lax law enforcement because the public's trust in corporate institutions and the larger political and economic system is eroded. Corruption can have an impact on a number of corporate processes, including contracts, fraud agreements, licencing, and several litigations. Joining countries with corrupt economic and political systems would jeopardise the long-term growth of the food texture market business by harming society, the legal system, and the rule of law.
Economic Factors- The availability of skilled workers and earnings are impacted by the supply and demand of labour. In order to understand how to attract great people and utilise their abilities to boost business performance, the food texture market must undertake research and Projection the state of the labour market. When labour markets are free, higher labour productivity benefits the food texture market. Operating in tight labour markets, however, may lead to problems with wages as well as other difficulties brought up by persistent labour unions. The food texture market should carefully examine the availability of human resources as well because it can damage business productivity and make it more difficult to draw in new consumers.
Social factors- Customers' spending habits are influenced by their purchasing power. In order to analyse consumer interests and spending patterns, it is required to evaluate and Projection consumer purchasing power based on pertinent economic information. Consuming the offered good is seen as a prestige symbol in some cultures, while it serves practical purposes in others. The food texture market needs to be aware of the social trends and consumer motivations that shape consumer behaviour. The food texture market should make an effort to comprehend the level of consumer ethnocentrism and consider the country of origin effect to understand how local customers in the area perceive imported goods.
Technological Factors- As information and communication technologies have advanced, it has been simpler to implement cutting-edge marketing strategies to improve consumer collaboration. Social media usage in the present corporate climate has increased dramatically. The potential for social media marketing to boost operational performance is advantageous for the food texture market. New social media campaigns can be started using technology to build online communities for brands.
Environmental Factors- Some nations provide financial aid to encourage the adoption of renewable energy sources. To ensure long-term survival, the food texture market can profit from it and make investments in sustainable technology. Due to increased brand impression, this investment will also result in higher stakeholder satisfaction and a more extensive consumer base. Weather and climatic changes can have an impact on how efficiently businesses run. For instance, bad weather can raise operational costs and force the perovskite solar cell business to change its value chain. Changes to a company's product and marketing strategy may be necessary as a result of these changes, which may also affect consumers' buying habits.
Legal Factors- Consumer concerns about their privacy and security have made data protection a serious issue. To protect customer data, the perovskite solar cell market must look at data protection regulations. Additionally, laws are in place to control costs, guarantee a particular level of quality, and shield customers from deceptive advertising promises. These elements must be taken into account in the food texture market to ensure adherence to consumer protection regulations. Laws governing intellectual property safeguard businesses' valuable patents and ideas. Lack of IP protection could impair the position of the perovskite solar cell market relative to other market players because it can lead to a loss of competitive advantage.
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