Food Texturants Market Scenario
The global Food Texturants Market is expected to garner a revenue of USD 7.35 billion by 2030 with a CAGR of approximately 6.50% during the forecast period of 2022-2030. The major determinants contributing to the growth of the market are the rising use as a food additive in a variety of foods such as bakeries, snacks, beverages as well as functional foods, to improve the quality of the food & beverages products. However, raw material prices and availability, along with the restricted use of synthetic food texturants are hampering the market growth of food texturants.
Manufacturers of food texturants are investing in R&D to offer clean-label ingredients. These types of ingredients are naturally sourced food texturants, such as agar, carrageenan, and other microbial hydrocolloids. Thus, it is expected to drive the demand for food texturants as they are comparatively easily available and do not have harmful effects on the human body. Additionally, as the food processing industry is growing around the world, the manufacturers in the industry are launching new processed products constantly, which, in turn, increases the demand for food additives such as texturants.
Segmentation
The global food texturants market has been segmented based on type, category, application, and region. By type, the global market has been classified as hydrocolloids, emulsifiers, stabilizers, and others. The hydrocolloids segment gained major market share in 2021 and is also expected to grow during the review period. The global market has also been segregated, on the basis of category, natural and synthetic. The synthetic market accounted the largest market share. However, the natural segment is expected to be the fastest growing segment from 2022 to 2030. By application, the global market has been classified as dairy & frozen desserts; bakery & confectionery; beverages; sweet and savory snacks; soups, sauces, & dips; meat, poultry, & seafood; and others. The bakery and confectionery market held the major market share and is also estimated to be the fastest growing segment during the forecast period. The global food texturants market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American food texturants market has further been segmented into the US, Canada, and Mexico. The European food texturants market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The food texturants industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The food texturants market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players
Tate & Lyle PLC., (US), Kerry Group (Ireland), Danisco A/S, (Denmark), Ajinomoto Co Inc. (Japan), Royal DSM (The Netherlands), Archer Daniels Midland Company, (US), BASF (US), Südzucker AG (Germany), Cargill Inc. (US), Csm NV (The Netherlands), Cpkelco (US), Tic Gums Inc.(US), Fiberstar Inc.(US), Ingredion Incorporated (US), and Gelita AG Eberbach (Germany) are some of the key players in the global food texturants market.
Regional Market Summary
In 2021, North America garnered the largest revenue share of the global food texturants market. The region’s dominance can be attributed to the established food processing industry in North America, easy adoption of developed technologies, and positive impact of industrialization on the region’s growth. However, Asia-Pacific is expected to dominate the global food texturants market during the forecast period owing to surging demand for food additives in various application industries such as dairy & frozen desserts; bakery & confectionery; beverages; sweet and savory snacks; soups, sauces, & dips; meat, poultry, & seafood and others. India and China are the major country-level markets contributing significantly to the growth of Asia-Pacific food texturants market.
Global Market, by Type
- Hydrocolloids
- Emulsifiers
- Stabilizers
- Others
Global Market, by Category
Global Market, by Application
- Dairy & Frozen Desserts
- Bakery & Confectionery
- Beverages
- Sweet and Savory Snacks
- Soups, Sauces, & Dips
- Meat, Poultry, & Seafood
- Others
Global Market, by Region
North America
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World (RoW)
- South America
- Middle East
- Africa
Intended Audience
- Food Texturants manufacturers
- Food and beverages manufacturers
- Food processing industry
- Traders, importers and exporters
Report Attribute/Metric
|
Details
|
Market Size
|
USD 7.35 Billion
|
CAGR
|
6.50%
|
Base Year
|
2021
|
Forecast Period
|
2022-2030
|
Historical Data
|
2020
|
Forecast Units
|
Value (USD Billion)
|
Report Coverage
|
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
|
Segments Covered
|
By Type, Category, Application, and Region
|
Geographies Covered
|
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
|
Key Vendors
|
Tate & Lyle PLC., (US), Kerry Group (Ireland), Danisco A/S, (Denmark), Ajinomoto Co Inc. (Japan), Royal DSM (The Netherlands), Archer Daniels Midland Company, (US), BASF (US), Südzucker AG (Germany), Cargill Inc. (US), Csm NV (The Netherlands), Cpkelco (US), Tic Gums Inc.(US), Fiberstar Inc.(US), Ingredion Incorporated (US), and Gelita AG Eberbach (Germany)
|
Key Market Opportunities
|
Rising use as a food additive in a variety of foods, Increases the demand for food additives
|
Key Market Drivers
|
Rising Number of Ingredients, Increasing Inclination Towards Processed Foods
|
Food Texturants Market Highlights:
Frequently Asked Questions (FAQ) :
Food texturants market valuation can touch USD 7.35 billion by 2030.
Food texturants market can expand at 6.50% CAGR from 2022 to 2030.
Tate & Lyle PLC., (US), Kerry Group (Ireland), Danisco A/S, (Denmark), Ajinomoto Co Inc. (Japan), Royal DSM (The Netherlands), Archer Daniels Midland Company, (US), BASF (US), Südzucker AG (Germany), Cargill Inc. (US), Csm NV (The Netherlands), Cpkelco (US), Tic Gums Inc.(US), Fiberstar Inc.(US), Ingredion Incorporated (US), and Gelita AG Eberbach (Germany) are some of the key players in the global food texturants market.
Unavailability of raw materials and ban on synthetic food texturants can hamper the global food texturants market growth.
Focus on clean-labeling of ingredients is a trend which can bolster the global food texturants market growth.
North America can dominate the global food texturants market till 2030 due to the large food processing industry and adoption of the latest technologies.
Food texturants market growth is driven by rising use of food additives and increasing emphasis on flavor of foods.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report