Overview and Scope
Food 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.
Sizing and Forecast
The food inclusions market size has grown strongly in recent years. It will
grow 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..
The food inclusions market size is expected to see strong growth in the next
few years. It will grow to $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.. Major trends in the forecast
period include innovations in textures, customized and personalized nutrition,
technology-driven innovation, partnerships and collaborations, investments in
research and development..
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Segmentation & Regional Insights
The food inclusions market covered in this report is segmented –
1) By Type: Chocolate, Fruit And Nut, Cereal, Flavoured Sugar And Caramel,
Confectionery, Other Types
2) By Form: Pieces, Nuts, Chips, Flakes And Crunches, Powder, Liquid
3) By Application: Cereal Products, Snacks And Bars, Bakery Products, Dairy And
Frozen Desserts, Chocolate And Confectionery Products, Other Applications
Products
North America was the largest region in the food inclusion market in 2023. The
regions covered in the food inclusions market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Rising 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 in 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. For
instance, in July 2022, according to a report published by the Food and Drink
Federation, a UK-based organization that represents and consults food and drink
manufacturers, the processed food and drink industry had a turnover of £105bn
($113 bn) in 2020 and a turnover of £112 billion ($120 bn) in 2021, it has
increased by 3.4% since 2020 and accounting for 20% of the total UK
manufacturing. Therefore, the rising demand for processed food will drive the
demand for the food inclusion market.
Key Industry Players
In December 2022, Ferrero SpA, an Italy-based confections manufacturing
company, acquired Wells Enterprises for an undisclosed amount. With this
acquisition, Ferrero SpA aims to expand its ice cream category bringing
together ice cream experts and confectionery champions, to serve extensive confectionery
and ice cream experience with quality products and a proud heritage. Wells
Enterprises Inc. is a US-based food company that manufactures confectionery
fillings.
The food inclusions market report table of contents includes:
1. Executive Summary
2. Food
Inclusions Market Characteristics
3. Food
Inclusions Market Trends And Strategies
4. Food
Inclusions Market - Macro Economic Scenario
5. Global
Food Inclusions Market Size and Growth
.
31. Global
Food Inclusions Market Competitive Benchmarking
32. Global
Food Inclusions Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Food Inclusions Market
34. Food
Inclusions Market Future Outlook and Potential Analysis
35.
Appendix
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