Global Food Texture Market: Overview
Food and beverage companies are increasingly using texturizing agents in a variety of processed foods due to the benefits they offer. They help in retaining the nutrients and also in preventing microorganisms growth, thereby extending the shelf life of the product. In addition, they improve the appeal and palatability of food, which reflects positively on the sales of food items. The rising health consciousness among consumers is anticipated to revolutionize the food texture market in the near future.
This research report offers a detailed overview of the global food texture market and its affiliated industries during the forecast period from 2015 to 2023. It offers key insights into the market by comprehensively covering different classifications, definitions, and participants in the industry chain structure. It analyzes the various critical parameters of the market including its dynamics, geographical segmentation, development trends, and competitive landscape.
Global Food Texture Market: Drivers and Restraints
Convenience food is increasingly becoming an indispensable part of consumers in developed countries. These products are gaining popularity especially among students and working professionals. Growing globalization and changing lifestyles are leading to rise in consumption of convenience food in other parts of the world as well. Therefore, the surge in the demand for convenience food is likely to augur well for the growth of the global food texture market. Moreover, the rising consumer disposable income and improving economic conditions in developing regions are working in favor of the growth of the overall market.
On the flip side, the side effects associated with food texture are hampering the growth of the market. These disadvantages include high-calorie content, loss of energy, and increased allergenic contents. Furthermore, their manufacturing may involve procedures that have adverse impacts on the environment, which in turn is influencing the growth of the market negatively. However, players in the global food texture market are drifting towards manufacturing safe synthetic chemicals. This is likely to create immense growth opportunities for the market.
Global Food Texture Market: Geographical Segmentation
The key regions examined in the report are North America, Europe, Asia Pacific, and Rest of the World. North America holds the lion’s share in the market, followed by Europe. The growth of these regions can be attributed to the growing demand for processed food, rising innovation in food solutions, and increasing demand for bakery and confectionary products.
Asia Pacific is estimated to register significant growth during the forecast period. Emerging countries in the region such as India and China will experience a spike in the demand for texturizing agents owing to the increasing production and consumption of processed foods. The improving economic conditions are leading to the growth of affluent urban populations, thereby creating a lucrative market for food texture. Other factors driving the growth of the region are the abundant availability of raw materials and cheap labor, expanding retail sector, and the growing food and beverage industry.
Companies Mentioned in the Report:
Players in the food texture market are increasingly offering customized solutions to the manufacturers in the food and beverage sector due to the application-specific desirability of several texturizing functions. Product innovation is a go-to strategy for the majority of companies to stay relevant in the market. The leading players in the market are Archer Daniels Midland Co., Ajinomoto Co. Inc, Asland Inc., Cargill Inc, Cp Kelco, Estelle Chemicals, E.I. Dupont De Nemours & Company, and FMC Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.