Authored By: Sarah
24 Aug 2024

Food Texture Market Size to grow by USD 4.15 billion between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Food Texture Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights

  • Market Research Overview:

According to Technavio's market research, the global food texture market is positioned within the broader context of the global packaged foods and meats market, which falls under the food products segment of the food, beverage, and tobacco industry. This market encompasses food processing vendors engaged in food processing to ensure microbial elimination and shelf life extension. The market's size is determined by the consolidated revenue generated by the participating vendors, excluding those manufacturing food processing equipment. Notably, this market does not include producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. - The Food Texture Market is experiencing significant growth, fueled by the Rising demand for food texture products that extend shelf-life of food products. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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  • Major Findings

    • Rising demand for food texture products that extend shelf-life of food products
    • Increasing awareness of health and wellness among consumers
    • Increasing demand for clean-label and natural ingredients in food products
    • Negative impact of food texture products on taste and other sensory attributes
  • Growth Projections

The market size is estimated to grow by USD 4.15 billion, at a CAGR of 4.57% during the forecast period. Rising strategic alliances among market vendors | Innovation in food processing technologies | Rising consumer inclination for artisanal and aesthetically pleasing foods

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  • Regional Insights

The North American food texture market is projected to experience a robust expansion, driven by the escalating demand for health-conscious ingredients such as fat replacers and emulsifiers. This trend is particularly prominent in the United States. However, the market growth may be hindered by the usage of unhealthy food texture products, which could negatively impact consumer health and market reputation. Key players in the region's food texture industry include Archer Daniels Midland Co., Cargill Inc., and Ingredion Inc. To cater to the increasing demand, these vendors are expanding their production capacities by establishing new facilities, thereby fueling the market growth in North America during the forecast period.

Research Analysis Overview

The Food Texture Market is a significant segment of the food industry, focusing on providing texturizing agents, processing tools, and texture-modifying products to food producers. These additives play a crucial role in enhancing the physical properties of food textures, offering consumers a desirable mouthfeel and overall food experience. Clean label is a growing trend in the market, leading to the development of natural texturizing agents like locust bean gum. Meat texture stabilizers are essential for food manufacturers producing high-quality meat products, ensuring a consistent and desirable texture. Processing tools and texture-enhancing services are also crucial in the food texture market. These services help food manufacturers create a range of textures, from lumpy and crunchy to smooth and mushy, catering to various consumer preferences. Food texture additives are essential food ingredients, and their role in enhancing food experiences cannot be overstated. From soft and hands-off textures to textures that require utensils, food texture additives offer food producers the ability to create a diverse range of textures for their products. Ultimately, the food texture market is about more than just textures; it's about creating a memorable food experience for consumers. Whether it's a juicy burger with a perfect meat texture or a creamy pasta dish, food texture additives play a vital role in delivering the desired textures that consumers crave.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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