Food Inclusions Market Revenue Growth, Trends, Research Report, Segmentation, Forecast To 2023
Food Inclusions Market Synopsis
The processed food industry is growing worldwide due to changing consumer preferences and increasing purchasing power. A variety of food inclusions have been introduced by companies with different characteristics and forms to cater to the demand for enhanced flavor and texture. This is expected to drive the demand for food inclusions in the food & beverage industry across the world.
Food Inclusions Market are ingredients added to food products to enhance and improve the appeal and sensory properties. The global food inclusions market is expected to register a significant growth rate during the forecast period owing to the high consumption of processed foods and increasing purchasing power of consumers in developing markets. However, the rising prices of end products are hampering the growth of the food inclusions market.
Some of the key players in the global food inclusions market are-
- Cargill, Incorporated (US)
- Archer Daniels Midland Company (US)
- Barry Callebaut (Switzerland)
- Kerry Group plc (Ireland)
- Tate & Lyle PLC (UK)
- AGRANA Beteiligungs-AG (Austria)
- Puratos SA (Belgium)
- Georgia Nut Company (US)
- FoodFlo International Ltd (New Zealand)
- TruFoodMfg (US)
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The global food inclusions market has been segmented by type, application, form, and region.
Based on Type, the global food inclusions market has been segmented into chocolate, fruit and nut, cereals, flavored sugar and caramel, confectionery, and others. The chocolate segment is projected to be the largest during the forecast period. The demand for chocolate inclusions is driven by the immense popularity of chocolate flavor. The segment is also expected to register the highest growth rate during the review period owing to the growth of the food & beverage industry worldwide.
Based on Application, the global food inclusions market has been segmented into breakfast cereals, sweet and savory snacks, dairy and frozen desserts, bakery and confectionery, and others. The breakfast cereals segment is expected to account for the majority share of the global food inclusions market from 2018 to 2023. The use of food inclusions to enhance the nutritional profile and improve the organoleptic properties of food products has led to their increased use in breakfast cereals. However, the sweet and savory snacks segment is projected to register the highest CAGR during the forecast period due to the rising inclination of consumers toward RTE snacks.
Based on Form, the global food inclusions market has been segmented into solid and semi-solid and liquid. The solid and semi-solid segment is projected to be the larger market and exhibit the higher growth rate during the forecast period due to the convenience in use, packaging, transportation, and storage offered by these forms. Additionally, the majority of market players offer food inclusions in solid and semi-solid forms as they result in consistent food products.
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The Global Food Inclusion Market has been segmented, based on region, into North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the global food inclusion market owing to the large-scale production of processed foods in the region. Food inclusions are used in various processed food products to enhance taste, texture, flavor, and appeal. The US and Canada are major consumers of processed and RTE food products, which, in turn, boosts the demand for food inclusions in these markets.
The market in Asia-Pacific is expected to be the fastest-growing due to the expanding food & beverage industry and changing consumer eating patterns in the region.
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