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
According to our latest market study on “Food Inclusions Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Chocolates, Fruit and Nuts, Flavored Sugar and Caramels, and Others), Form (Solid and Semi- Solid), and Application (Dairy and Frozen Desserts, Bakery Products, Breakfast Cereals, Chocolate and Confectionery Products, and Others),” the 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. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
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Food inclusions are ingredients that are added to food in order to improve its texture or organoleptic properties. They can also enhance the sensory qualities of food products. Food inclusions are additional food ingredients that give value to food items. They 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.
Food inclusions find vast applications in dairy and frozen desserts, bakery products, breakfast cereals, chocolate and confectionery products, and many others. 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. 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. 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. Such a wide application scope of food inclusions is a major factor driving the market growth.
Some of the major key players operating in the global food inclusions market include 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.
Impact of COVID-19 Pandemic on Food Inclusions Market
The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and shutdown of production facilities. The food & beverage industry is one of the significant sectors suffering from severe disruptions such as supply chain breaks, shutdown of production plants, etc., because of this outbreak. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various food & beverage ingredients. In addition to this, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. 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. Travel restrictions are influencing the flavor trends in food products and beverages as people cannot travel and experience the exotic flavors 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.
The report is a combination of qualitative and quantitative analysis of the virtual reality industry. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
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