Food Inclusions: Wide Scope of Applications to Escalate the Market Growth

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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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.

Strategic Insights

A few players operating in the food inclusions market are 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. The key companies implement the mergers and acquisitions, and R&D strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.


Report Spotlights

Progressive industry trends in the food inclusions market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the food inclusions market from 2019 to 2028
Estimation of global demand for food inclusions
PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
Recent developments to understand the competitive market scenario
Market trends and outlook as well as factors driving and restraining the growth of the food inclusions market
Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
The size of the food inclusions market size at various nodes
Detailed overview and segmentation of the market, as well as the food inclusions industry dynamics
Size of the food inclusions market in various regions with promising growth opportunities

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This release was published on openPR.