IMARC Group has recently released a new research study titled “Food Texture Materials Market Report by Functionality (Thickening, Gelling, Emulsifying, Stabilizing, and Others), Application (Bakery, Dairy, Meat & Poultry, Beverages, Snacks, and Others), and Region 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
The global food texture materials market size reached US$ 25.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032.
Global Food Texture Materials Market Trends:
The increasing utilization of bioengineered ingredients, as it allows for the development of texture materials with specific desired properties, such as improved gelling, thickening, or stabilizing capabilities, by modifying the genetic makeup of microorganisms or plants, is catalyzing the market growth.
Moreover, the growing application of fermentation, as it can naturally enhance the texture and flavor profiles of food products while offering health benefits such as improved digestion and nutrient availability, is fueling the market growth. Besides this, the growing demand for personalized nutrition, where texture materials are tailored to individual dietary needs and preferences, such as low-sugar, low-fat, or high-protein options, is enhancing the market growth.
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Factors Affecting the Growth of the Food Texture Materials Industry:
· Rising Consumer Demand for Plant-Based and Health-Conscious Products:
The increasing consumer awareness regarding health and wellness is one of the major factors driving the market growth. Moreover, the ongoing shift towards vegetarianism and veganism, necessitating the development of innovative texture materials that can replicate the mouthfeel and consistency of traditional animal-based products, is acting as a growth-inducing factor. Furthermore, the growing prevalence of lifestyle diseases such as diabetes and obesity, spurring interest in food products that offer enhanced nutritional profiles without compromising on texture, is catalyzing the market growth.
Moreover, the increasing investment by manufacturers in research and development (R&D) to create texture materials derived from natural sources like seaweed, soy, and peas, which cater to the rising demand for clean-label products, is enhancing the market growth.
· Rapid Technological Advancements in Food Processing:
The rising advances in food processing technologies, such as high-pressure processing (HPP), three-dimensional (3D) food printing, and extrusion that revolutionize the way texture materials are developed and utilized, are fueling the market growth. They allow for precise control over the physical properties of food products, including their texture, which is crucial for enhancing consumer appeal. For instance, high-pressure processing helps in maintaining the nutritional integrity and sensory qualities of food while extending shelf life. 3D food printing opens new possibilities for customizing textures in food products, making it possible to produce intricate and appealing designs that cater to consumer preferences.
Furthermore, extrusion technology is widely used in the production of snacks and ready-to-eat (RTE) foods, as it enables the creation of textures that mimic traditional cooking methods.
· Growing Popularity of Convenience Foods:
The increasing preference for convenience foods among busy consumers is another significant factor driving the market growth. In line with this, the growing reliance on convenience foods, like ready-to-eat (RTE) meals, frozen foods, and snack products, on texture materials to enhance their appeal and palatability is fostering the market growth.
Moreover, the growing demand for high-quality, ready-made food options in urban areas, owing to the fast-paced lifestyles of consumers, is strengthening the market growth.
Additionally, the ongoing trend towards premiumization in the convenience food sector, leading to the development of texture materials that can replicate the sensory qualities of gourmet foods, is anticipated to drive the market growth.
Food Texture Materials Market Report Segmentation:
By Functionality:
· Thickening
· Gelling
· Emulsifying
· Stabilizing
· Others
Emulsifying accounted for the largest market share due to its critical role in creating stable and homogenous food products.
By Application:
· Bakery
· Dairy
· Meat & Poultry
· Beverages
· Snacks
· Others
Dairy represented the largest segment owing to the extensive use of texture materials to enhance the consistency and mouthfeel of dairy products like yogurt and cheese.
Regional Insights:
· North America
· Asia Pacific
· Europe
· Latin America
· Middle East and Africa
North America's dominance in the food texture materials market is attributed to high consumer demand for processed and convenience foods, along with significant investment in food innovation and technology.
Competitive Landscape with Key Players:
The competitive landscape of the food texture materials market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
· Ajinomoto
· Archer Daniels Midland Co.
· Ashland Inc.
· Avebe
· Cargill Inc.
· CP Kelco
· E.I. Dupont DE Nemours & Company
· Estelle Chemicals
· Fiberstar Inc.
· FMC Corporation
· Fuerst Day Lawson
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Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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