Food Inclusions Market to Grow at a CAGR of 5.7% to reach US$ 18,055.32 Million from 2020 to 2028

Food Inclusions Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Chocolates, Fruit and Nuts, Flavored Sugar and Caramels, Others), by Form (Solid, and Semi- Solid) by Application (Dairy and Frozen Desserts, Bakery Products, Breakfast Cereals, Chocolate and Confectionery Products, and Others) and Geography

  • Report Code : TIPRE00005145
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 166
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The food inclusions market was valued at US$ 11,695.54 million in 2020 and is projected to reach US$ 18,055.32 million by 2028; it is expected to grow at a CAGR of 5.7% from 2021 to 2028.

Food inclusions are ingredients that are added to food in order to improve its texture or organoleptic properties. Food inclusions can also enhance the sensory qualities of food products. Food inclusions are additional food ingredients that give value to food items. Food inclusions are becoming more popular since they can impart any desired flavor and texture, increasing the appeal of food products. Food inclusions that help impart health advantages to products are becoming more popular. Further, food inclusions find vast applications in dairy and frozen desserts, bakery products, breakfast cereals, chocolate and confectionery products, and many others.

The food inclusions market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growth of the market in this region is mainly attributed to the high demand for packaged food such as cakes, bread, chocolates, jellies, and frozen desserts are projected to expand the food inclusion market in the region. In addition, change in dietary patterns, increased disposable income amongst consumers are other few factors that will pave the way for food inclusion market in the region. Further key market players present in the Asia Pacific food inclusion market include ADM, PURATOS, AGRANA Beteiligungs-AG, and Cargill, Incorporated. These companies are constantly working towards innovation and new product developments to attract a broader clientele. For instance, AGRANA Beteiligungs-AG has opened its production site for fruit products in China, with an investment of US$ 26.63 million in this new facility.

Impact of COVID-19 Pandemic on Food inclusions Market

The COVID-19 outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food inclusions market has had a major impact on its product trends. The pandemic has propelled consumers to opt for healthy food products with various functional properties. Additionally, to break through the regular routine imposed due to the lockdown, the consumer’s desire for new and innovative products to experience different culinary adventure is also influencing the market trends for food inclusions. Fruits and nuts are expected to witness an increasing demand during the upcoming years owing to the health benefits offered by them. Travel restrictions are influencing the flavor trends in food products and beverages as people cannot travel and experience the exotic flavours of different regions and countries. For instance, Asian-inspired food inclusions such as mocha and taro are witnessing a surging demand amongst the consumers. Thus, though the COVID-19 pandemic has had a negative impact on the production and supply of food inclusions, it has positively influenced the product trends in the market.

Food inclusions Market

Food inclusions Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.


Market Insights

Wide Scope of Application Fuel Food inclusions Market Growth

Food inclusions are ingredients or variegates incorporated in different food products and beverages to impart unique properties such as color, flavor, and texture. Several food inclusions are also known for their nutritional benefits. They have a wide application scope, including baked products, confectioneries, sweet and savory snacks, frozen desserts, beverages, breakfast cereals, and dairy products. The ingredients are available in forms such as freeze-dried, infused, case-frozen, micro-dried, individually quick frozen (IQF), spray-dried, and whole foods, and are selected depending on their application. Consumer buying behavior and consumption pattern, as well as eating experience are highly influenced by the texture and flavor of a food product, especially in North America and Europe. Thus, it is necessary to select the most suitable format of a food inclusion for a particular application. For instance, infused blueberries are used to render a complete mouthfeel and chewiness, whereas freeze-dried blueberries are used to achieve crispiness. Furthermore, dehydrated blueberries are used in foodstuffs or beverages requiring standout presence of blueberries. In the bakery segment, food inclusions have been in use for a long period to enhance the sensory properties, texture, aesthetics, and provide indulgence. Further, many of food inclusions are rich in proteins, essential fatty acids, vitamins, and fiber. Tree nuts, dried fruits, spices, herbs, exotics fruits, cocoa nibs, chocolate, etc., are the majorly used inclusions in bakery products.

Further, fruits, nuts, and chocolates are the major food inclusion types used in dairy products and frozen desserts such as ice cream, yogurt, and cheese. For instance, in cultured yogurts, sweet fruits are mainly used as an inclusion to balance the tangy flavor of the cultured yogurt. Food inclusions are mainly added as individually quick-frozen ingredients in dairy products and frozen desserts. The frozen desserts and dairy products application of food inclusions is challenging as they highly influence the overall texture, flavor profile, and shelf life of the final product. Further, beverage manufacturers are highly focusing on food inclusions to cater the rising consumer demand for natural beverages. Exotic fruits, vegetables, tree nuts, and chocolate are the majorly consumed inclusions in various beverages. Beverages in which these ingredients are being incorporated include functional water, flavored water, tea, beer, energy drinks, wine, and milk. Such a wide application scope of food inclusions is a major factor driving the market growth.

Type Insights

Based on type, the food inclusions market is bifurcated into chocolates, fruit and nuts, flavored sugar and caramels, others. The chocolates segment accounted for a larger market share in 2020 and the fruits and nuts segment is expected to register a higher CAGR in the market during the forecast period. Chocolate inclusions include chocolate shavings and chunks, granella, crispy bites, chocolate flakes, chocolate vermicelli, and chocolate curls that can add a pop of color, mild or strong flavor, and unique textures to confectioneries, bakery products and pastries, and ice cream and dairy products. Further, continuous rise in demand for chocolate-flavored food products among consumers regardless of their age and gender is a major factor driving the market for chocolate inclusion segment.

Food inclusions Market, by Type – 2020 and 2028

 Food inclusions Market, by Type – 2020 and 2028

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Form Insights

Based on form, the food inclusions market is segmented into solid, and semi- solid. The solid segment accounted for the largest market share in 2020, and the it is expected to register the highest CAGR in the market during the forecast period. The solid form of food inclusions include pieces, chips and nibs, nuts, crunches and flakes. Nuts in the solid forms are extremely popular among customers and are widely used bakery products, confectioneries, dairy products and frozen desserts, snacks and bars, cereals, and beverages. Inclusions in solid form can provide crunch or an appealing texture to the food preparation.

Application Insights

Based on application, the food inclusions market is bifurcated into dairy and frozen desserts, bakery products, breakfast cereals, chocolate and confectionery products, and others. The bakery products segment accounted for the largest market share in 2020 and the breakfast cereals segment is expected to register the highest CAGR in the market during the forecast period. Bakery products include cookies, bagels, buns, sandwiches, pastries, cakes, biscuits, muffins, pizzas, brownies, etc. Food inclusions are extensively used in bakery products for topping, flavoring, decoration, and other purposes. Food inclusions are available as slices, flakes, nuggets, and pellets, among other forms. Food inclusions are available all year round, convenient, and retain flavors and nutrients, further boosting the demand for food inclusions. Furthermore, fast-paced, and hectic lifestyles have driven customers to embrace convenience and ready-to-eat (RTE) food products with healthy constituents, which is boosting the demand for bakery products enhanced with food inclusions such as fruits, seeds, and nuts.

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Food Inclusions Market: Strategic Insights

food-inclusions-market
Market Size Value inUS$ 11,695.54 Million in 2020
Market Size Value byUS$ 18,055.32 Million by 2028
Growth rateCAGR of 5.7% from 2021-2028
Forecast Period2021-2028
Base Year2021
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A few players operating in the food inclusions market are ADM; AGRANA BETEILIGUNGS-AG; Barry Callebaut; Cargill, Incorporated; Georgia Nut Company; Kerry Group PLC; Puratos; Sensient Technologies; Taura Natural Ingredients LTD; and Meadow Foods among others. The key companies implement the mergers and acquisitions, and R&D strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.

Report Spotlights

  • Progressive industry trends in the food inclusions market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the food inclusions market from 2019 to 2028
  • Estimation of global demand for food inclusions
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the food inclusions market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The size of the food inclusions market size at various nodes
  • Detailed overview and segmentation of the market, as well as the food inclusions industry dynamics
  • Size of the food inclusions market in various regions with promising growth opportunities

Food Inclusions Market – by Type

  • Chocolates
  • Fruit and Nuts
  • Flavored Sugar and Caramels
  • Others

Food Inclusions Market – by Form

  • Solid
  • Semi- Solid

Food Inclusions Market – by Application

  • Dairy and Frozen Desserts
  • Bakery Products
  • Breakfast Cereals
  • Chocolate and Confectionery Products
  • Others

Company Profiles

  • ADM
  • AGRANA BETEILIGUNGS-AG
  • Barry Callebaut
  • Cargill, Incorporated
  • Georgia Nut Company
  • Kerry Group PLC
  • Puratos
  • Sensient Technologies
  • Taura Natural Ingredients LTD
  • Meadow Foods among others
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type , by Form by Application and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

The List of Companies - Food Inclusions Market

  1. ADM
  2. AGRANA BETEILIGUNGS-AG
  3. Barry Callebaut
  4. Cargill, Incorporated
  5. Georgia Nut Company
  6. Kerry Group PLC
  7. Puratos
  8. Sensient Technologies
  9. Taura Natural Ingredients LTD
  10. Meadow Foods

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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