The food inclusions market is projected to reach US$ 18,055.33 million by 2028 and expected to grow at a CAGR of 5.9% from 2021 to 2028.
Food Inclusions Market Overview
The Food Inclusions Market is anticipated to increase at a CAGR of 5.9% from 2021 to 2028, reaching an estimated value of US$ 18,055.33 million.
Food inclusions are the ingredients that are added to a variety of food products to enhance their texture, taste, or organoleptic properties. Food inclusions also help elevate the sensory characteristics of the food products. Food inclusions impart a unique value to the food products, enhancing their appeal. These products are gaining popularity worldwide since these impart any texture and flavor and therefore, augment the overall appeal of the food products. Additionally, the majority of the food inclusions offer a host of health benefits that is a huge factor among the health-conscious consumer base.
The dramatic rise in the urbanization rate, evolving lifestyle, and the soaring working populace worldwide have elevated the demand for processed food infused with various ingredients. Value addition remains a major aspect of processed food, since it enhances the texture, flavor along with the nutrients in the food.
However, allergies arising from the consumption of nuts and other inclusions could be a huge barrier for worldwide market growth. With that said, the market progress in Asia Pacific will be noteworthy, given the surging per capita disposable income and the mounting preference for a variety of processed foods. The heightened preference for clean label food inclusions and additives and the changes in the consumers’ lifestyle pave the way for higher profits of the market.
The global food inclusions market has been segmented based on type, application, form, and region.
By type, the food inclusions market has been classified as chocolate, fruit and nut, cereals, flavored sugar and caramel, confectionery, and others.
Based on application, the global food inclusions market has been categorized as breakfast cereals, sweet and savory snacks, dairy and frozen desserts, bakery and confectionery, and others.
The global food inclusions market has also been divided, based on form, into solid and semi-solid and liquid.
The global food inclusions market has been studied for four regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American food inclusions market has further been segmented into the US, Canada, and Mexico. The European food inclusions market has been classified into the UK, Germany, France, Italy, Spain, and the rest of Europe. The food inclusions market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The food inclusions market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Food Inclusions Market Share (%), by Region, 2020
Source: Secondary Sources and MRFR Analysis
North America is expected to dominate the food inclusions market during the forecast period due to the presence of prominent processed food producers in the region and changing consumer preferences for food products with variety and appeal in the US and Canada. The increasing use of food inclusions in various products to enhance quality, taste, and texture is expected to result in a significant share for the European market in the coming years. However, the market in Asia-Pacific is expected to register the highest CAGR due to economic growth in the region resulting in increasing per capita disposable income boosting the sales of processed foods.Recent Development
Tim Hortons is launching the Tim Hortons Ice Cream, which is its latest series of five ice cream flavors, namely Double Chocolate Donut, Salted Caramel Iced Capp, Apple Fritter, Fruit Explosion, and Birthday Cake Timbits. These ice cream pints consist of several inclusions including apple, chocolate donut pieces, and caramel.
Puratos UK, an ingredients specialist has joined hands with Fourayes, the fruit grower as well as processor to introduce a series of real vegetable and fruit pieces called Utterly Fruity. This new lineup has four ingredients including cranberry, Bramley apple, beetroot and carrot, and have extensive bakery applications including specialty cakes and breads along with ice cream.
Global Food Inclusions Market, by Type
Global Food Inclusions Market, by Application
Global Food Inclusions Market, by Form
Global Food Inclusions Market, by Region
Key Players in the Global Food Inclusions Market
|Market Size||USD 18,055.33 million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Type, Form, Application, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||food inclusions offer a host of health benefits|
|Key Market Drivers||rise in the urbanization rate|
From 2021 to 2028, the Food Inclusions Market is projected to expand at a CAGR of 5.9%, reaching an estimated value of US$ 18,055.33 million.
The major players 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)
The demand has increased due to the rapid urbanisation rate, changing lifestyles, and growing working population globally.