PUBLISHER: SkyQuest | PRODUCT CODE: 1321990
PUBLISHER: SkyQuest | PRODUCT CODE: 1321990
Global Food Decorations and Inclusions Market size was valued at USD 7.3 billion in 2021 and is poised to grow from USD 7.9 billion in 2022 to USD 13 billion by 2030, growing at a CAGR of 7% in the forecast period (2023-2030).
The industry's expansion is propelled by the widespread application of these items in bakery and confectionery goods, including cookies, cakes, and other delectable treats. Furthermore, the sector's progress is reinforced by the incorporation of various decorations and additions in bakery products, aiming to enhance taste, texture, and visual appeal, thereby driving growth throughout the projected duration.
Segments covered in this report:
The Global Food Decorations and Inclusions Market is divided into different segments based on the type of product, distribution channel, and geographical region. Regarding product variety, the market can be categorized into Chocolate Decorations and Inclusions, Sugar Decorations and Inclusions, Nuts, Preserved/Freeze Dried Fruits, Sugar Paste & Icing, Glazes, Marzipan, and Others. In terms of distribution channels, the market is further divided into B2B (Business-to-Business) and B2C (Business-to-Consumer), with B2C including Hypermarkets & Supermarkets, Traditional Grocery Stores, Wholesale Stores, Convenience Stores, and Online platforms. Geographically, the global Food Decorations and Inclusions Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA (Middle East and Africa).
Driver
The increasing awareness and concern for health among consumers are fueling the demand for natural and organic food decorations and inclusions. As a result, there is a growing preference for food products that are made with natural and organic ingredients.
Restraints
The utilization of certain food decorations and inclusions in food products might be limited due to potential health concerns associated with allergens or other ingredients present in them.
Market trend
The rising consumer focus on health and well-being has resulted in a growing demand for natural and organic food products. This shift in consumer preference is also evident in the food decorations and inclusions market, where manufacturers are developing products that incorporate natural and organic ingredients to meet this increasing demand.