PUBLISHER: TechSci Research | PRODUCT CODE: 1110890
PUBLISHER: TechSci Research | PRODUCT CODE: 1110890
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The global food inclusion market is expected to witness a steady growth during the forecast period, 2023-2027. The market growth can be attributed to the growing demand for processed food, shift in the food consumption habits of the consumers, and the entry of new market players. Besides, increasing disposable income is enabling the consumer to purchase multiple variants and flavored food products. Also, a surge in demand for flavored food products in developing countries like the United States, Canada, and Germany is further expected to influence the market demand in the forecast period positively. Food inclusions are used to enhance the sensory, aesthetic, and organoleptic properties of food products. Some of the widely used food inclusions are dry fruits, chocolates, nuts, herbs, spices, etc. Market players are introducing food inclusions in different flavors such as chocolate, caramel, fruit flavors, and savory to meet the growing demands of consumers for foods with global and authentic flavors. Moreover, increasing demand for nutritious snacks, on-the-go foods is anticipated to boost the market growth. However, emergence of fortified food products and dietary supplements is likely to restrict the growth of the global food inclusions market.
The global food inclusions market is segmented on the basis of type, application, form, competitive landscape, and regional distribution. Based on the regional analysis, the Asia-pacific region is expected to hold the largest market share in the forecast period, 2023-2027. The booming food processing industry and rise in the per capita income of consumers are expected to drive the market demand. Besides, increasing working population in the region and growing popularity of healthy snacking are projected to fuel the market growth.
Major players operating in the global food inclusions market are: Cargill Corporations, Archer-Daniels-Midland Company (ADM), Barry Callebaut, Sensient Technologies Corporation, Puratos Group, Taura Natural Ingredients Ltd., Georgia Nut Company Inc., Nimbus Foods Industries Ltd., TruFoodMfg, Tate & Lyle PLC, among others.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and distributors across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of global Food Inclusions market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global food inclusions market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global food inclusions market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: