Food Inclusions Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UNITED KINGDOM, September 27, 2024 /EINPresswire.com/ -- The food inclusions market has experienced robust growth in recent years, expanding from $13.46 billion in 2023 to $14.54 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to consumer demand for novelty, taste and texture enhancement, growth in snack industry, premiumization of products, bakery and confectionery industry growth, marketing and branding strategies.
What Is The Estimated Market Size Of The Global Food Inclusions Market And Its Annual Growth Rate?
The food inclusions market is projected to continue its strong growth, reaching $19.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to clean label movement, plant-based and alternative proteins, globalization of flavors, focus on sustainability, e-commerce growth, functional ingredients demand.
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Growth Driver Of The Food Inclusions MarketRising demand for processed food is expected to propel the growth of the food inclusion market going forward. Processed food is any raw agricultural commodity that has been washed, cleansed, milled, chopped, heated, pasteurized, blanched, cooked, canned, frozen, dried, dehydrated, blended, or packed. It includes the addition of preservatives, flavors, nutrients, and other food additives, as well as ingredients allowed for use in food items such as salt, sugars, and fats. Food inclusions contribute to flavor, texture, fragrance, color, and nutrition to the processed food which makes the product unique, capturing the consumer's attention and distinguishing it from other foods.
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Which Market Players Are Steering The Food Inclusions Market Growth?Key players in the market include Archer Daniels Midland Company, Agarna Beteiligungs AG, Barry Callebaut AG, Cargill Inc., Foodflo International Ltd., Georgia Nut Company Inc., Kerry Group PLC, Puratos N.V., Sensient Technologies Corporation, Tate And Lyle Plc., Taura Natural Ingredients Ltd., Nimbus Foods Ltd., Trufoodmfg LLC., Inclusion Technologies LLC, Diana Food SAS, Doehler, Olam International, GEA Group, Pecan Deluxe Candy Company, Sensapure, Fona International, Fruut, Kanegrade, PreGel, Skjodt-Barrett, IBIS Bakery Ingredients, Tree Top, DMH Ingredients, The Scoular Company, Chaucer Foods, Paradiesfrucht, Dawn Foods, Candico.
What Are The Key Trends That Influence Food Inclusions Market Size?Major companies operating in the food inclusion market are advancing toward the use of innovative solutions such as new premium flavors, organic and other products for the food inclusion market. For instance, in October 2022, Macphie Ltd., a UK-based ingredient manufacturer launched five new dessert sauces two new fruit-based options, and three indulgent premium flavors to its o.t.t. dessert toppings line, which is utilized in ice cream shops, restaurants, and bakeries.
How Is The Global Food Inclusions Market Segmented?1) By Type: Chocolate, Fruit And Nut, Cereal, Flavored Sugar And Caramel, Confectionery, Other Types2) By Form: Pieces, Nuts, Chips, Flakes And Crunches, Powder, Liquid3) By Application: Cereal Products, Snacks And Bars, Bakery Products, Dairy And Frozen Desserts, Chocolate And Confectionery Products, Other Applications Products
Geographical Insights: North America Leading The Food Inclusions MarketNorth America was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Food Inclusions Market DefinitionFood inclusions are ingredients that are added to food to improve its texture or organoleptic properties. They are food additives that have been applied to increase the value and improve the sensory qualities of foods. Ingredients can help food items by adding flavor, texture, smell, color, and nutrition.
Food Inclusions Global Market Report 2024 from TBRC covers the following information:• Market size data for the forecast period: Historical and Future• Macroeconomic factors affecting the market in the short and long run• Analysis of the macro and micro economic factors that have affected the market in the past five years• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global food inclusions market report covering trends, opportunities, strategies, and moreThe Food Inclusions Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on food inclusions market size, food inclusions market drivers and trends and food inclusions market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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September 27, 2024, 14:45 GMT
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