Market Size – USD 12.56 Billion in 2020, Market Growth – CAGR of 7.4%, Market Trends – burgeoning demand for clean product labels and allergen-free products, heavy demand for organic food categories
According to the current analysis of Reports and Data, the global Food Inclusions market was valued at USD 12.56 Billion in 2020 and is expected to reach USD 22.35 Billion by 2028, at a CAGR of 7.4%. Globalization has resulted in rich product choice for consumers, and with the rising per capita incomes, this choice increasingly focused on healthier food substitutes and cleaner food labels. With such a market scenario, the demand for food inclusions is rising as they add to the value and aestheticism of food products.
The Food Inclusions market fragmentation and emergence of significant changes observed in the food and beverage industry are attributed to urbanization, shifting consumer preferences, and increasing population. The popular worldwide trend focusing on the presence of natural ingredients in food and beverages is on the rise. This inclination towards ‘natural and fresh’ food is also boosting demand for clean label products. The escalating demand for healthier substitutes for different food ingredients, especially innovative products such as plant-based meat alternatives, are paving the way for technological innovations and increasing the scope of food engineering.
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Companies considered and profiled in the market report:
Barry Callebaut, Cargill Incorporated, Georgia Nut Company, The Archer Daniels Midland Company, Taura Natural Ingredients Ltd., Kerry Group plc, Puratos Group, Tate and Lyle PLC, Nimbus Foods and Sensient Technologies. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
Further key findings from the report suggest-
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For the purpose of this study, Reports and Data have segmented the Food Inclusions market on the basis of type, form, flavour, application and region:
Type (Revenue, USD Million; 2018–2028)
Form (Revenue, USD Million; 2018–2028)
Flavour (Revenue, USD Million; 2018–2028)
Application (Revenue, USD Million; 2018–2028)
Regional Outlook (Revenue in USD Million; 2018–2028)
Rest of the Europe
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Objective of Studies:
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