Global Food Inclusions Market – Industry Analysis and Forecast
Posted: Jun 22, 2019
Global food inclusions market was valued at US$ 9.2 Bn in 2017 and is expected to reach US$ 17.20 Bn by 2026 at a CAGR of 8.14 %.
The increasing demand for food inclusions in the bakery, chocolate and confectionery segments is expected to drive the growth in the global food inclusions market. These inclusions offer uniqueness to products and indorse consumer indulgence. Growing demand for specialty food and expanding choices of consumer taste is the challenge in front of the food key players to produce food with different taste. The characteristics of food inclusion differ according to the altered application like beverage, confectionary, bakery, and snacks, dairy. Furthermore, usage of inclusions upsurges the final price of the food products are restraining factor for the growth of the food inclusions market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by type, form, application, flavour and region, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global CNG dispenser market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
The chocolate segment is expected to dominate the food inclusions market during the forecast period. The market for chocolate inclusions is mainly driven by the factors such as flavor popularity and consumer inclination toward chocolate components in food products like confectionery, ice cream, bakery, dairy, beverages, frozen desserts, and cereal products.
Bakery products are expected to share significant growth in the global food inclusions market. The growth in the market is attributed to the increasing demand for bakery products in western countries such as the US, Canada. Bakery products are a part of the everyday diet of consumers in these countries, which are expected to boost demand for these products. Consumers in these regions are demanding different bakery products in everyday unflavoured and flavoured inclusions. Further, increasing consumer readiness to expend higher on products and try different alternatives in bakery products is projected to drive the global food inclusions market.
Region-wise, Asia Pacific is expected to dominate the global food inclusions market. The dominance position in the market is attributed to the rapid urbanization and industrialization.
The increasing economic growth in the Asia Pacific region is expected to drive the growth in the food inclusions market. Innovations in the food & beverage segment, and consumption of processed & packaged food, supported by economic conditions such as growing disposable income and willingness to spend on premium products are expected to drive the use of food inclusions in the bakery products segment. China has massive consumer base for food products owing to its large population base. The growing purchasing power of consumers owing to the economic development in China and the impact of the Western culture on the Chinese urban middle-class and Indian urban middle-class are expected to increase demand for high- & premium-quality food products.
Nestle has occupied initiatives to be powerful in its R&D operations in Switzerland. Nestle announced to merge two of its discrete scientific operation centers, Nestle Research center Nestle Institute of Health science as a sole entity, as Nestle Research. This Research center will concentration on Food safety and analytical science, Material Science, and Health Science. The visions provided by the research center will be enhance as an innovative ingredient for business growth.
The global food inclusions market is extremely competitive with many key players, across the globe. These players are adopting various strategies to expand their global presence and increase global food inclusions market shares. Some of the key strategies implemented by the key players include expansions & investments, new product launch, acquisitions, new product developments, and agreements.
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Scope of Global Food inclusions market
Global Food inclusions market, by Type
- Fruit & nut
- Flavoured sugar & caramel
Global Food inclusions market, by Application
- Cereal products, snacks, and bars
- Bakery products
- Dairy & frozen desserts
- Chocolate & confectionery products
Global Food inclusions market, by Form
- Chips & nibs
- Flakes & crunches
Global Food inclusions market, by Flavour
- Chocolate & caramel
Global Food inclusions market, by Region
- North America
- Asia Pacific
- Middle East and Africa
- South America
Key players operating in Global Food inclusions market
- Sensient Technologies
- Puratos Group
- Taura Natural Ingredients
- Georgia Nut Company
- Inclusion Technologies
- Nimbus Foods
- IBK Tropic
- Barry Callebaut
- Tate & Lyle
- Foodflo International
- Archer Daniels
- Midland Company
- Nimbus food Ltd
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