Food Inclusions Market Analysis, Growth, Share, Trends, & Forecast to 2023

21/feb/2019 10:13:08 MarketsandMarkets Contatta l'autore

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The food inclusions market is estimated at USD 10.74 billion in 2018. It is projected to reach USD 15.78 billion by 2023, at a CAGR of 8.0%. Inclusions along with the enhanced product appeal; clean label, non-GMO and allergen-free inclusions; and taste trends and responsive development of new flavor profiles offering new avenues for growth. The chocolate segment is projected to dominate the food market. The market for chocolate inclusions is largely driven by its flavor popularity and consumer-oriented products such as confectionery, ice cream, bakery, dairy, beverages, frozen desserts, and cereal products. 

The years and periodization considered for the study are as follows:

  • Base year: 2017
  • Beginning of the projection period: 2018
  • End of the projection period: 2023

Food Inclusions Market

Target Audience:

  • R & D institutes and centers
  • Raw materials suppliers to food inclusion manufacturers
  • Food inclusion manufacturers
  • Food inclusion distributors and traders
  • Food & beverage manufacturers
  • Regulatory bodies

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Inclusions are extra ingredients that are added to food products to improve the aesthetics and organoleptic & sensory properties of food products. In addition, in terms of flavor, texture, and allergen and health concerns, among others.

The chocolate segment is projected to dominate the food inclusions market through 2023.

In 2018, the chocolate segment is estimated to be the largest share, by type, in the food inclusions market, in terms of value. Chocolate is one of the most popular and popular flavors among consumers, worldwide, and is a major player that is expected to drive a significant share of chocolate in the food & beverage industry. Inclusions adds gloss and enhances the taste of products, while also enhancing other organoleptic properties. Thus, the use of chocolate, in varieties of food applications such as confectionery, ice cream, bakery, dairy, beverages, frozen desserts, and cereal products is expected to drive the market.

The cereal products, snacks, and bars segment to dominate the food inclusions market through 2023.

Cereal products, snacks, and bars are estimated to be the major application in which food is most widely used. As an addition of the required flavors (fruit, chocolate, caramel, and nut), enhancement of product appearance in terms of color and visibility, and provision of required textures to products. Further, the use of inclusions enhanced in the product value.

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Asia  Pacific is projected to be the fastest-growing regional market for food inclusions.

The Asia Pacific region is projected to be the fastest-growing market for food inclusions over the next five years, with an increase in income levels, technology and demand from consumers growth. The main countries contributing to the growth of the market in this region are China, Japan, and Australia & New Zealand. China has always been a huge consumer base for food products. The increasing purchasing power of consumers, two to the economic development in China and the influence of the Western culture on the Chinese urban middle-class, has led to an increase in demand for high- and premium-quality food products.

In this region, countries such as China and Japan are expected to account for a major share of the market. India is projected to be one of the fastest-growing markets for food inclusions in the Asia Pacific region.

Portfolios of leading companies such as Cargill (US), ADM (US), Barry Callebaut (Switzerland), Kerry (Ireland), Tate & Lyle (UK), AGRANA (Austria), Sensient Technologies (US), Puratos Group (Belgium) , SensoryEffects (US), Taura Natural Ingredients (New Zealand), Georgia Nut Company (US), Inclusion Technologies (US), Nimbus Foods (UK), IBK Tropic (Spain), TruFoodMfg (US), FoodFlo International (New Zealand) , and Confection by Design (UK).

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