The sales in the global textured variegates market are anticipated to rise at a CAGR of around 4% to 5% during the forecast period 2022-2032. North America is estimated to continue dominating the global market, accounting for nearly 35% to 40% of the textured variegates sales through 2032. Growing expansion of packaged food & beverage industry and rising emphasis on making confectionery & bakery products more appealing are anticipated to create growth prospects in the textured variegates market.
| Report Attribute | Details |
| Textured Variegates Market Projected Growth Rate (2022-2032) | 4% to 5% CAGR |
| Textured Variegates Market Share Across North America | 35% to 40% |
Textured variegates are food ingredients such as fillings, toppings, syrups and others that are used to enhance the flavor and garnish food products. These ingredients are used to enhance the overall texture, color, and taste of bakery, confectionaries, fast food, and others food items. They are formulated or extracted from a wide range of sources like edible synthetic and natural sources.
Textured variegates are increasingly being used across frozen, confectionery, and bakery sectors, driven by their ability to provide a unique texture and taste to products such as frozen yogurt, ice cream, cakes, pastries, gelato, sorbet, and even non-standardized products. Hence, growing consumption of bakery products, confectionaries, and ice-creams is estimated to create remunerative opportunities for the textured variegates market.
In addition to this, increasing availability of a variety of textured variegates in the market including caramels, chocolates, marshmallows, fudges, peanut butter, fruits, and others is estimated to bolster the sales in the global market.
Over the past decade, the prevalence of lifestyle diseases such as diabetes, obesity, and others is increasing at a swift pace across the world. For instance, as per a study published by the International Diabetes Federation, around 537 Mn of the population between 20 to 79 years of age were reported to be suffering from diabetes globally in the year 2021.
Hence, a decline in consumption of bakery products and frozen desserts, due to the rising concerns regards health is impeding the sales of textured variegates in the global market. Also, the implementation of regulations for minimizing the usage of synthetic colors in food products is further restraining the market growth.
As per Future Market Insights, Europe is projected to emerge as the most remuneration market for textured variegates during the forecast period 2022-2032.
Due to the rise in working population and growing consumer spending on ready-to-eat foods products, the demand for pizzas, burgers, salads, sandwiches, cakes, and ice cream among others is rapidly increasing.
To capitalize on such opportunities, a number of industry players are emphasizing on opening new food outlets, bakery shops, and dessert stations. For instance, in 2021 Flor, a bakery based in the U.K., announced its plan of launching another outlet in London, the U.K. As full fat textured variegates, such as sauces, are extensively used in the aforementioned food items, increasing number of such outlets is anticipated to augment the growth in the Europe market.
FMI states that North America is estimated to account for a significant share in the global textured variegates market from 2022 to 2032.
Textured variegates enhance dimension, texture, taste, and color without the addition of inclusions and also assist in the formulation without adding another SKU. Attributed to this, they are increasingly being used in ice cream, bakery products, and others food items, thereby, propelling the textured variegates demand.
Hence, leading players are focusing on introducing novel products to meet the growing demand. For instance, in 2021, Sunday Night Foods, a U.S-based provider of food ingredients announced launching its new line of shelf-stable, Chocolate Premium Dessert Sauces which can be used on ice creams, fruits, brownies, pastries, and others. A multiplicity of such new product launches is expected to bolster the growth in the North America market.
Some of the leading players in the textured variegates market are Holland Manufacturing Inc., Parker Products, Chemroy, Dippin Flavors, Majors Group, Schlotterbeck & Foss, Montebianco S.p.A., PreGel Australia, and others.
Key manufacturers are aiming at launching new products with innovative flavors and expanding their production capacity to strengthen their food hold in the highly competitive textured variegates market.
| Report Attribute | Details |
| Growth Rate | CAGR of 4% to 5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Countries Covered |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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FMI projects the sales of textured variegates in the market is expected to rise at 4% to 5% value CAGR by 2032.
The global textured variegates market is expected to be dominated by Europe over the forecast period 2022-2032.
Holland Manufacturing Inc., Parker Products, Chemroy, Dippin Flavors, Majors Group, Schlotterbeck & Foss, Montebianco S.p.A., PreGel Australia, and others are some of the leading players in the prominent textured variegates market.
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