Overview and Scope
Food inclusions are ingredients that are added to food to improve its texture or organoleptic properties. They are food additives that have been applied to increase the value and improve the sensory qualities of foods. Ingredients can help food items by adding flavor, texture, smell, color, and nutrition.
Sizing and Forecast
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 in the historic period can be attributed to consumer demand for novelty, taste and texture enhancement, growth in snack industry, premiumization of products, bakery and confectionery industry growth, marketing and branding strategies..
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 growth in the forecast period can be attributed to clean label movement, plant-based and alternative proteins, globalization of flavors, focus on sustainability, e-commerce growth, functional ingredients demand.. Major trends in the forecast period include innovations in textures, customized and personalized nutrition, technology-driven innovation, partnerships and collaborations, investments in research and development..
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Segmentation & Regional Insights
The food inclusions market covered in this report is segmented –
1) By Type: Chocolate, Fruit And Nut, Cereal, Flavoured Sugar And Caramel, Confectionery, Other Types
2) By Form: Pieces, Nuts, Chips, Flakes And Crunches, Powder, Liquid
3) By Application: Cereal Products, Snacks And Bars, Bakery Products, Dairy And Frozen Desserts, Chocolate And Confectionery Products, Other Applications Products
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
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Major Driver Impacting Market Growth
Rising demand for processed food is expected to propel the growth of the food inclusion market going forward. Processed food is any raw agricultural commodity that has been washed, cleansed, milled, chopped, heated, pasteurized, blanched, cooked, canned, frozen, dried, dehydrated, blended, or packed. It includes the addition of preservatives, flavors, nutrients, and other food additives, as well as ingredients allowed for use in food items such as salt, sugars, and fats. Food inclusions contribute in flavor, texture, fragrance, color, and nutrition to the processed food which makes the product unique, capturing the consumer’s attention and distinguishing it from other foods. For instance, in July 2022, according to a report published by the Food and Drink Federation, a UK-based organization that represents and consults food and drink manufacturers, the processed food and drink industry had a turnover of £105bn ($113 bn) in 2020 and a turnover of £112 billion ($120 bn) in 2021, it has increased by 3.4% since 2020 and accounting for 20% of the total UK manufacturing. Therefore, the rising demand for processed food will drive the demand for the food inclusion market.
Key Industry Players
In December 2022, Ferrero SpA, an Italy-based confections manufacturing company, acquired Wells Enterprises for an undisclosed amount. With this acquisition, Ferrero SpA aims to expand its ice cream category bringing together ice cream experts and confectionery champions, to serve extensive confectionery and ice cream experience with quality products and a proud heritage. Wells Enterprises Inc. is a US-based food company that manufactures confectionery fillings.
The food inclusions market report table of contents includes:
1. Executive Summary
- Food Inclusions Market Characteristics
- Food Inclusions Market Trends And Strategies
- Food Inclusions Market – Macro Economic Scenario
- Global Food Inclusions Market Size and Growth
.
- Global Food Inclusions Market Competitive Benchmarking
- Global Food Inclusions Market Competitive Dashboard
- Key Mergers And Acquisitions In The Food Inclusions Market
- Food Inclusions Market Future Outlook and Potential Analysis
- Appendix
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