PUBLISHER: The Business Research Company | PRODUCT CODE: 1409425
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409425
“Food Inclusions Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on food inclusions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for food inclusions? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The food inclusions market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Food inclusions refer to ingredients incorporated into food items to enhance their texture or organoleptic properties. These additives play a crucial role in elevating the overall value and sensory qualities of foods, contributing to factors such as flavor, texture, aroma, color, and nutrition.
The primary types of food inclusions include chocolate, fruit and nut, cereal, flavored sugar and caramel, confectionery, and others. A chocolate inclusion involves the addition of natural elements to chocolate bars, beverages, paste, or liquor. These can take various forms such as pieces, nuts, chips, flakes, crunches, powder, and liquid. They find application in a diverse range of products, including cereal items, snacks and bars, bakery products, dairy and frozen desserts, as well as chocolate and confectionery products, among others.
The food inclusions market research report is one of a series of new reports from The Business Research Company that provides food inclusions market statistics, including food inclusions industry global market size, regional shares, competitors with food inclusions market share, detailed food inclusions market segments, market trends, and opportunities, and any further data you may need to thrive in the food inclusions industry. This food inclusions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 observed in the historical period can be attributed to consumer demand for novelty, as well as the desire for taste and texture enhancement in food products. Other contributing factors include the expansion of the snack industry, the premiumization of products to meet evolving consumer preferences, growth in the bakery and confectionery sector, and effective marketing and branding strategies employed by businesses.
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 anticipated growth in the forecast period can be attributed to the influence of the clean label movement, increasing interest in plant-based and alternative proteins, the globalization of flavors, a heightened focus on sustainability, the continued growth of e-commerce, and rising demand for functional ingredients. Major trends expected in this forecast period include innovations in textures, a surge in customized and personalized nutrition offerings, technology-driven innovation in food products, increased partnerships and collaborations within the industry, and significant investments in research and development efforts.
The increasing demand for processed food is anticipated to be a significant driver for the growth of the food inclusion market. Processed food encompasses various treatments and additions to raw agricultural commodities, altering their form and attributes. These alterations involve washing, heating, freezing, and the addition of preservatives, flavors, and nutrients. Food inclusions play a pivotal role in enhancing the flavor, texture, color, and nutritional value of processed foods, distinguishing them in the market. According to the Food and Drink Federation's report in July 2022, the turnover of the processed food and drink industry in the UK rose by 3.4% from £105 billion ($113 billion) in 2020 to £112 billion ($120 billion) in 2021, constituting 20% of the total UK manufacturing.
The growth of the food inclusion market is expected to be fueled by an increasing emphasis on organic ingredients. Organic ingredients are derived from agricultural products cultivated and processed following stringent guidelines promoting environmental sustainability and reducing the use of synthetic materials. These ingredients are incorporated into food inclusions, enhancing the quality and sensory attributes of food products. A consumer study in July 2022 revealed that 60% of global consumers, with the US slightly surpassing this average at 61%, consider sustainability as a significant criterion in their purchase decisions. Hence, the escalating preference for organic ingredients in processed food is poised to drive the demand for the food inclusion market.
A prominent trend shaping the food inclusion market is product innovation. Major companies within this market are actively pursuing innovative approaches, introducing new premium flavors and organic products. For instance, in October 2022, Macphie Ltd., a UK-based ingredient manufacturer, expanded its o.t.t. dessert toppings line with five new dessert sauces. These offerings include two fruit-based options and three indulgent premium flavors, including speculoos, milk chocolate, white chocolate, mixed berry, mango, and passionfruit variations. These innovations aim to cater to diverse consumer preferences while also focusing on calorie-conscious choices for dessert toppings utilized in various culinary establishments such as ice cream shops, restaurants, and bakeries.
In December 2022, Ferrero SpA, an Italian confectionery manufacturing company, completed the acquisition of Wells Enterprises for an undisclosed sum. This strategic move is aimed at bolstering Ferrero's presence in the ice cream sector by merging expertise in ice cream and confectionery. The acquisition brings together the proficiency of ice cream specialists and confectionery leaders, fostering the delivery of high-quality products backed by a rich heritage. Wells Enterprises Inc., based in the US, specializes in producing confectionery fillings.
In August 2022, Investindustrial VII L.P., a UK-based investment firm, successfully acquired Parker Food Group from The Riverside Company, a US-based investment entity, for an undisclosed value. Through this acquisition, Parker Food Group (PFG) intends to collaborate closely with its R&D team and customers' product development teams. This partnership aims to craft tailor-made products that specifically address individual customer needs. Parker Food Group, based in the US, is renowned for its specialization in creating specialty, value-added ingredients, particularly focusing on inclusions and toppings.
Major companies operating in the food inclusions market report are 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 .
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
The countries covered in the food inclusions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The food inclusion market consists of sales of herbs, spices, aromatic seeds, fruits, and vegetables. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.