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Food Texture Market Size

Report ID: GMI8608 Published Date: March 2024Report Format: PDF
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Food Texture Market Size

Food Texture Market size was valued at USD 14.9 billion in 2023 and is anticipated to register a CAGR of over 5.5% between 2024 and 2032. The market comprises a diverse array of ingredients and additives aimed at optimizing the sensory attributes of food products. These include hydrocolloids, emulsifiers, starches, proteins, and other functional additives, which play critical roles in achieving desired textures, consistencies, and mouthfeel in various food items.

 

Food Texture Market

With consumers increasingly prioritizing their food experiences, texture has emerged as a crucial aspect influencing their purchasing decisions. From the smooth creaminess of dairy products to the satisfying crunch of snacks, texture enhances not only the palatability but also the overall enjoyment of food, driving demand for texture-modifying ingredients across the food and beverage industry.

Numerous factors are propelling the growth of the food texture market. Firstly, the rise in consumer demand for convenience and processed foods has spurred manufacturers to invest in texture-enhancing ingredients to meet evolving preferences. Additionally, the growing awareness and preference for clean label and natural ingredients have prompted companies to innovate with texture modifiers derived from plant-based, animal-based, and microbial sources.

Moreover, as the global food and beverage industry continues to expand, particularly in emerging markets across Asia Pacific, Latin America, the Middle East, and Africa, there exists ample opportunity for manufacturers to capitalize on the increasing demand for textured food products, thus fueling the growth of the market worldwide.

Two significant pitfalls for the food texture market include the impact of negative consumer perceptions on additives, which can sway purchasing decisions, and the technical challenge of developing satisfying textures while ensuring product quality. Negative perceptions regarding certain additives, such as concerns about artificiality or health implications, can deter consumers from purchasing products containing these ingredients.

Additionally, achieving desirable textures while maintaining product integrity requires sophisticated technological solutions and extensive research and development efforts, posing a considerable challenge for manufacturers in meeting consumer expectations. Addressing these pitfalls requires proactive strategies, including transparency in labeling, innovation in ingredient sourcing, and investment in research to overcome technical hurdles.

Author: Kiran Pulidindi, Kunal Ahuja
Frequently Asked Question(FAQ) :

What is the value of the food texture market?+

The market size of food texture reached USD 14 billion in 2023 and is set to expand at over 5.5% CAGR between 2024 and 2032, owing to the surging consumer demand for convenience and processed foods and rising investments in texture-enhancing ingredients to meet evolving preferences.

Why is the demand for hydrocolloids increasing?+

Food texture market from the hydrocolloids segment generated USD 3.6 billion in revenue in 2023, owing to the increasing demand for agar and carrageenan due to their versatile applications as thickeners and stabilizers.

How big is the North America food texture industry?+

North America market accounted for USD 4.8 billion in revenue in 2023, driven by the robust economy, high consumer spending power, and a mature food industry.

Who are the top food texture industry players?+

Leading firms operating in the industry are Archer Daniels Midland Company, Ashland Global Holdings Inc., BASF SE, Cargill, Incorporated, CP Kelco, DowDuPont Inc., FMC Corporation, Givaudan SA, Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., etc.

Food Texture Market Scope

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