Textural Food Ingredients Market

Textural Food Ingredients Market: Western Europe to Remain Second Largest Regional Market During the Forecast Period: Global Industry Analysis 2012- 2016 and Opportunity Assessment 2017-2027

Food texture largely influences consumer preference for food products

There has been a marked increase in textural food ingredients over the years owing to specific consumer preferences that are inclined towards particular textures in food products. Texture and flavour play an important role in dairy products, bakery and confectionery, sauces, dressings, condiments, and beverages. An increasing consumer preference for different types of textures such as creamy, crispy, crunchy, pulpy, gelled, and many more is defining the global market for textural food ingredients, and food manufacturers are incorporating different types of textures in their food and beverage formulations. This has resulted in a whopping 144% increase in the number of food products with texture claims that have been launched over the years.

North America, Western Europe, and APEJ to remain top regional markets for textural food ingredients

Consumers in the developed regions of North America and Western Europe are showing an increasing preference for various types of textures in the food they consume. This has led to massive innovation in food products manufacturing, with texture playing a very important role in defining the quality of the food products being offered on store shelves. North America is likely to remain the dominant regional market, estimated to hold almost 30% share of the global market by the end of the forecast period in 2027. This is followed by Western Europe at about 27% share. The developing region of Asia Pacific Excluding Japan – which currently is the third largest market for textural food ingredients – is likely to witness rapid growth in the local markets over the forecast period. With a projected 24% value share by 2027 end, the textural food ingredients market in APEJ is likely to witness tremendous growth in the coming years, resulting in a CAGR of 6.1% during the period of assessment – the highest among the various regional markets.

The North America textural food ingredients market however, will retain its leading position, with an estimated market value of US$ 3,253.7 Mn by 2017 end that will increase to US$ 5,284.3 Mn by the end of the forecast period in 2027. Western Europe will maintain good growth during the forecast period, anticipated to reach a market valuation of US$ 4,833.3 Mn by the end of 2027, up from US$ 2,870.6 Mn by 2017 end. In terms of CAGR, North America will record 4.9% while Western Europe will witness a growth rate of 5.3% over the forecast period. It is interesting to note that though North America and Western Europe continue to remain the top two regional markets, both markets will witness a decrease of 129 and 17 basis points respectively in their market share in 2027 over 2017. APEJ on the other hand will record an impressive increase of 152 basis points in its market share during the forecast period.

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Regional trends observed in the textural food ingredients market

North America: An increasing demand for textural food ingredients with hydrocolloids is likely to gain traction during the forecast period. Food ingredients manufacturers are shifting from sensory to functional ingredients, with innovation and technology driving high growth margins.

Latin America: Brazil will remain the prominent country and gain substantial growth during the forecast period. This market is characterised by open innovation and rapid new product development, with tailored food ingredients driving the market.

Western Europe: The market for dairy products and frozen food especially drinking milk products will witness significant growth during the study period. An increase in demand for healthy food ingredients is rampant in this market. Manufacturers are launching new blends of starches for confectionery texturing solutions.

Eastern Europe: Hydrocolloids segment will hold largest share during the forecast period, owing to the multi-functionality of hydrocolloids that will continue to drive the market. A growing demand from the pet food industry and an increasing demand for processed food can be witnessed in this region.

APEJ: The developing economies in the region coupled with changing consumer consumption behaviour patterns will catapult the APEJ market for textural food ingredients towards significant growth in the coming decade. The APEJ region has been witnessing an increasing demand for culture groups within texturing solutions.

Japan: The dry form of textural food ingredients that includes powder and flakes will dominate this regional market during the period of assessment. The Japan market is witnessing a growth in demand for convenience food and food ingredients with better taste.

MEA: The MEA region is expected to display greater potential for growth during the forecast period. There is a rising demand for clean label textural food ingredients in this region. Manufacturers are launching new texturing ingredients for sauces, soups, and condiments.

Textural food ingredients deliver rare possibilities for product development as well as enhancements in quality and processing. In a new study undertaken by Future Market Insights, it has been observed that the growing food processing industry is likely to drive the global textural food ingredients market over the forecast period. Some interesting insights into the global textural food ingredients market along with detailed forecasts for a 10 year study period (2017 – 2027) have been documented in a newly published report titled “Textural Food Ingredients Market: Global Industry Analysis 2012- 2016 and Opportunity Assessment 2017-2027.” In this report, Future Market Insights throws light on the different facets of the global textural food ingredients market and studies the various factors likely to impact revenue growth of the global market over the forecasted period, while using historical market estimations pertaining to the period 2012 – 2016 as a base for reference.

Report Structure

The initial chapters of the report focus on the executive summary, market introduction and market dynamics. The executive summary is a concise yet comprehensive snapshot of the global textural food ingredients market and comprises the market overview, market analysis, and our recommendations for key players to emerge sustainably profitable in the global textural food ingredients market. The market introduction focusses on the definition of the global textural food ingredients market, market taxonomy where we segment the global textural food ingredients market on the basis of functionality, application, type, and form across key geographical regions, and an overview of the parent market namely the global speciality food ingredients market. In the market dynamics section, we elaborate the macroeconomic factors and the relevance and impact of forecast factors that will likely determine the growth path of the global textural food ingredients market in the coming decade.

The next section outlines the global textural food ingredients market analysis and forecast for the historical period 2012 – 2016 as well as for the current and projected period of 2017 – 2027. Here we provide data pertaining to the market value (in US$ Mn), market volume (in ‘000 Tonnes), absolute $ opportunity, and pricing analysis of textural food ingredients. A market overview comprising the global textural food ingredients market value chain and a list of active market participants concludes this section. The next few sections present the global textural food ingredients market forecast on the basis of functionality, application, type, form, and region. These sections estimate the value and volume projections (both historical and forecasted), market attractiveness analysis, and key trends / market developments. The subsequent sections include detailed forecasts of the various regional textural food ingredients markets on the basis of functionality, application, type, form, and country. Key regulations pertaining to the specific countries studied are mentioned here along with regional pricing analysis and regional market dynamics (drivers, restraints, and trends). These sections end with a list of key regional market players along with a market presence intensity map.

An important section of the report studies the competition levels in the global textural food ingredients market. Here, we provide information on market structure, market share analysis, and a competition intensity mapping by market taxonomy. We have also profiled some of the leading companies operating in the global textural food ingredients market, presenting important details such as company business overview, key financials, strategies, and recent market developments. This competition landscape is intended to provide a dashboard view of the top market companies and has been included to enable new entrants as well as seasoned market players to understand the global key player ecosystem of the textural food ingredients market.

Global Textural Food Ingredients Market: Taxonomy

By Functionality

By Application

By Type

By Form

By Region

  • Emulsifying Agent

  • Thickening Agent

  • Stabilising Agent

  • Gelling Agent

  • Others

  • Dairy Products and Frozen Food

  • Bakery and Confectionery

  • Sauces, Dressings, and Condiments

  • Beverages

  • Snacks and Savoury

  • Meat and Poultry Products

  • Pet Food

  • Hydrocolloids

  • Starch and Derivatives

  • Emulsifiers

  • Others

  • Concentrate

  • Powders

  • Flakes

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • MEA


Research Methodology

We have deployed a systematic research methodology comprising exhaustive primary and secondary research, systematic data collection from multiple sources, accurate data validation using the triangulation method, and extensive data analysis using advanced company tools to obtain qualitative and quantitative insights on the global textural food ingredients market. For primary research, we have referred to sources such as Linkedin, Zoominfo, Salesforce, and Onesource; while for secondary research, we have referred to company websites and company annual reports, white papers, and financial reports; as well as paid publications such as Factiva, GBI, Genios, and Meltwater.