2028 Milestone: Food Texture Market Worth $18.8 Billion
Food Texture Market Analysis
The food texture industry plays a significant role in the food and beverage industry, as texture is a key attribute that influences consumer perception and satisfaction. Food texture refers to the sensory and functional properties of food that are perceived by touch and mouthfeel. It includes characteristics like hardness, chewiness, crispness, creaminess, and smoothness. The texture of food is critical in determining its appeal, quality, and overall eating experience.
The global food texture market size was valued at USD 13.6 billion in 2022 and is poised to grow from USD 14.3 billion in 2023 to USD 18.8 billion by 2028, growing at a CAGR of 5.6% in the forecast period (2023-2028). The food texture industry is poised for continued growth as consumer preferences shift towards healthier, cleaner, and more indulgent food products. Innovations in food science and technology will likely drive the development of new texture solutions that enhance the sensory experience of food while meeting the demand for natural and sustainable ingredients.
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Food Texture Market Growth Drivers:
- Consumer demand for improved sensory experiences.
- Technological advancements in food processing and formulation.
- The rise of health-conscious consumers seeking natural and clean-label ingredients.
Natural Ingredients Leading the Charge in Food Texture Market Dominance
Traditionally, food texturizers have been derived from natural sources, with common examples including cornstarch, gelatin, agar agar, and pectin. These natural texturizers have long been favored in the market, enjoying greater commercialization compared to their synthetic and semi-synthetic counterparts. The natural segment is expected to continue its rapid growth during the forecast period, driven by increasing consumer demand. This surge in preference for natural texturizers is fueled by their perceived health benefits and sustainability, making them a key driver of market expansion.
Food Texture Market Trends and Innovations
- Clean Label and Natural Ingredients: There is a growing demand for food texture solutions that are natural, non-GMO, and free from artificial additives.
- Plant-Based Texturizers: As plant-based diets gain popularity, there is an increasing need for texture solutions that cater to vegan and vegetarian products.
- Personalized Nutrition: Companies are developing customized texture solutions to meet the specific needs of different consumer segments, including the elderly and those with special dietary requirements.
North America Food Texture Industry Leads the Charge
The North American region dominates the food texture market. It also plays a significant role in boosting the market growth of the food texture industry during the forecast period. North America has a well-established food & beverage industry, with the presence of many leading manufacturers such as Tyson Foods (US), The Coca Cola Company (US), Mondelez International (US), General Mills (US), The Kraft Heinz Company (US), among others. US, which is a major country in North America, is also one of the top 10 exporters of cellulose and its chemical derivatives and pectin. Canada is among one of the top 10 exporters of gelatin. This reflects the high production of various types of food texturizers in the region.
Food Texture Market Leader: How do Cargill’s specialty ingredients impact the bakery, dairy, and beverage industries?
Cargill, Incorporated is actively engaged in the production of diverse specialty food ingredients and various industrial products with versatile applications. The company’s operations are organized into four distinct business segments: animal nutrition & protein, food ingredients & applications, origination & processing, and industrial & financial services. Within its food ingredients & applications segment, Cargill offers an array of specialty ingredients catering to food and beverage manufacturers, food service companies, and retailers. These specialty food ingredients encompass acidulants, sweeteners, starches, and protein ingredients, serving a wide range of sectors including beverages, bakery, dairy, and meat. These ingredients play a crucial role in enhancing the visual appeal, taste, and stability of fresh meat and specialty meat products. Cargill conducts its business across approximately 70 countries and maintains an additional sales presence in nearly 125 countries spanning North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa.
Food Texture Industry Latest Updates
- In September 2023, Tate & Lyle partnered with IMCD in Finland and the Baltic region, expanding their ingredient distribution. This collaboration will help Tate & Lyle expand the geographical reach of its food textures to Finland and the Baltic region thereby expanding its market share.
- In May 2023, Ajinomoto Co., Inc. entered a strategic alliance with Solar Foods to utilize Solein, a CO2-fed microbial protein, and conduct market feasibility studies in Singapore from fiscal 2024.
- In January 2023, ADM’s acquisition of Kansas Protein Foods strengthened its position in the food texture market. This strategic move brings flexibility and capacity to unflavored textured soy protein, flavored alternatives, and non-GMO proteins.
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