Dublin, Oct. 04, 2023 (GLOBE NEWSWIRE) -- The "Food Texture Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global food texture materials market has achieved significant milestones, with its market size soaring to a substantial US$ 24.5 billion in 2022. Experts anticipate that the market will continue its upward trajectory, reaching an impressive US$ 32.3 billion by 2028. This growth reflects a notable Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period spanning 2023 to 2028.
Exploring Food Texture: A Palatable Experience
Food texture is a multifaceted index of food quality that engages the senses of touch, taste, and even hearing. It encompasses a wide range of parameters, including chewiness, adhesiveness, cohesiveness, crispiness, elasticity, and firmness. These attributes are meticulously evaluated through texture analysis tests, which gauge food product responses to forces like shearing, cutting, chewing, compressing, and stretching.
These tests also serve to scrutinize the mechanical and physical properties of raw ingredients, food structures, and designs for quality checks both before and after production. Moreover, the use of various food texture additives plays a pivotal role in enhancing the overall taste and mouthfeel of products.
Market Dynamics: Driving Factors
The remarkable growth of the food and beverage industry stands out as a primary driver for the market. Manufacturers in this sector increasingly employ texturizing agents during the production of processed foods to preserve nutrients and inhibit microbial growth, thereby extending product shelf life.
Additionally, the rising consumer preference for convenience and packaged food products has injected momentum into market expansion. Texturizing agents are used in the production of items such as bread, confectioneries, soups, sauces, beverages, and dressings to elevate their visual appeal and palatability.
Customized formulations that deliver a blend of desired qualities, including flavor and fragrance, have emerged as another growth catalyst. Factors like rapid urbanization, increased consumer spending capacity, and extensive research and development (R&D) activities are poised to further propel market growth.
Market Segmentation: Functionality and Application
This comprehensive market analysis delivers insights into critical trends within each segment of the global food texture materials market report. Furthermore, it provides forecasts at the global, regional, and country levels for the period spanning 2023 to 2028. The market is segmented based on functionality and application:
Breakup by Functionality:
- Thickening
- Gelling
- Emulsifying
- Stabilizing
- Others
Breakup by Application:
- Bakery
- Dairy
- Meat & Poultry
- Beverages
- Snacks
- Others
Regional Insights: Global Reach
The global market reaches across the following regions:
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape: Leading Players
The competitive landscape of the industry has been scrutinized, highlighting key players in the market, including 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, and others.
Key Questions Answered:
- What was the size of the global food texture materials market in 2022?
- What is the expected growth rate of the global food texture materials market during 2023-2028?
- What has been the impact of COVID-19 on the global food texture materials market?
- What are the key factors driving the global food texture materials market?
- What is the breakdown of the global food texture materials market based on functionality?
- What is the breakdown of the global food texture materials market based on application?
- What are the key regions in the global food texture materials market?
- Who are the key players/companies in the global food texture materials market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 148 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $24.5 Billion |
| Forecasted Market Value (USD) by 2028 | $32.3 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/yvu2zs
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