WASHINGTON, May 10, 2022 (GLOBE NEWSWIRE) -- Growing urbanization and changing lifestyles have increased the demand for textured food products in different societies and cultures are fueling the market growth. Reducing sugar consumption has become a global health goal and an affordability issue with sugar taxes increasing costs for manufacturers and consumers is the key reason for consumers to adopt textured food products. Owing to these factors in acceptance, textured food is gaining huge importance on a global market, states Vantage Market Research, in a report, titled “Food Texture Market Size, Share & Trends Analysis Report by Type (Hydrocolloids, Emulsifiers, Specialty Starch, Others), by Source (Plant-Based, Animal-Based, Synthetic, Others), by Functionality (Thickening, Gelling, Emulsifying, Stabilizing), by Application (Dairy, Bakery, Confectionery, Poultry & Meat), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
The market size stood at USD 12,252.9 Million in the year 2021. The Global Food Texture Market size is expected to reach USD 16,326.4 Million by the year 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period.
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Market Overview:
Increasing Population and Rising Demand for Textured Food in Urban Cities is expected to Fuel the Market Growth.
Increasing urban population, changing lifestyles of individuals owing to considerable rise in disposable incomes is the main factor that boosts the overall growth. In recent years, increase population of at workplace leaves less time for food preparation, in turn demands quality food for better health benefits. Packaged baby foods are popular in the urban areas, as they provide adequate amount of nutrition for infants.
Additionally, interest in protein has been building for years. Its value has grown far beyond its use for building muscle, and today protein is considered essential for weight management and good health. There are applications at every life stage, from infant feeding to elder care nourishment. From our team's regional observations, huge demand is seen for plant-based protein which has grown along with concerns about sustainability, the environment and animal products.
Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Food Texture market is predicted to grow at a CAGR of roughly 4.9% during the forecast period.
- The Food Texture market was estimated to be worth roughly USD 12,252.9 Million in 2021 and is expected to reach USD 16,326.4 Million by 2028; based on primary research.
- On the basis of region, Asia Pacific is projected to dominate the worldwide Food Texture market.
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Segmentation of the Global Food Texture Market:
- Type
- Hydrocolloids
- Emulsifiers
- Specialty Starch
- Others
- Source
- Plant-Based
- Animal-Based
- Synthetic
- Others
- Functionality
- Thickening
- Gelling
- Emulsifying
- Stabilizing
- Others
- Application
- Dairy
- Bakery
- Confectionery
- Poultry & Meat
- Ready to Cook & Eat
- Sauces, Soups & Dressings
- Other Convenience Food
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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High Cost of Textured Food
High price of the textured food products have restricted their adoption among middle-income groups. Furthermore, home-cooked food is preferred by consumers duel in the rural and isolated regions, due to lack of awareness about these products. However, promotional campaigns and affordable textured food products would lead to overall increase in the revenue generation of the market
COVID-19 Analysis:
The COVID-19 outbreak has affected various industries worldwide. The Food Texture Market also had a huge impact. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop the swift spread of COVID-19. These actions led to a severe impact on the global economy impairing various industries. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data- points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Region 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
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Regional Analysis:
Increasing Growth of Food Texture Market in North America
North America is expected to dominate the Global Food Texture Market in 2021 and is likely to continue the same trend during the forecast period. Decrease in consumption of highly sugar-based food rates and rising purchasing power of population in the Asia-Pacific region have significantly fostered the demand of the textured and milk formula-based products in this region. Intensive Research and Development (R&D) activities by various companies in the food segment would help the companies to offer affordable textured food products in this region.
For instance, in Europe vegan product development in plant-based dairy alternatives, yogurts, creamers, butters and spreads is a fast-growing segment, but consumers are sensitive to taste and texture.
In North America, Consumers expect plant-based protein alternatives to resemble their "original" counterparts, especially in ice cream, cheese and meat. So, brands are looking to increase viscosity and mouth feels in plant-based dairy alternatives to resemble the richness of whole milk.
List of Prominent Players in the Healthcare Asset Management Market:
- CP Kelco
- Tate and Lyle PLC
- Ingredion Inc
- DuPont
- Kerry Group
- Lonza Group Ltd
- Naturex
- Puratos Group
- Cargill Inc.
- Archer Daniels Midland Co.
- Ajinomoto Co. Inc.
Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on "Food Texture Market Size, Share & Trends Analysis Report by Type (Hydrocolloids, Emulsifiers, Specialty Starch, Others), by Source (Plant-Based, Animal-Based, Synthetic, Others), by Functionality (Thickening, Gelling, Emulsifying, Stabilizing), by Application (Dairy, Bakery, Confectionery, Poultry & Meat), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/food-texture-market-459775
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Food Texture Market?
- How will the Food Texture Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Food Texture Market?
- What is the Food Texture market drivers and restrictions?
- What will be the CAGR and size of the Food Texture Market throughout the forecast period?
This market titled “Food Texture Market” will cover exclusive information in terms of Geographic Segmentation, Regional Analysis, Forecast, and Quantitative Date – Units, Key Market Trends, and various others as mentioned below:
| Parameter | Details |
| Market Size Provided for Years | 2016-2028 |
| Base Year | 2021 |
| Historic Years | 2016-2020 |
| Forecast Years | 2022-2028 |
| Segments Covered |
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| Region & Counties Covered |
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| Companies Covered |
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| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
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- Top Companies in Food Texture Market: - https://v-mr.biz/food-texture-market
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