According to a research report "Food Inclusions Market by Type (Chocolate, Fruit & Nut, Cereal, Confectionery), Application (Cereal Products, Snacks & Bars, Bakery Products, Dairy & Frozen Desserts, Chocolate & Confectionery Products), Form, Flavor and Region - Global Forecast to 2027" published by MarketsandMarkets, the food inclusions market size is estimated to be valued at USD 13.4 billion in 2022 and is projected to reach USD 18.7 billion by 2027, recording a CAGR of 6.9% during the forecast period in terms of value. There has been a significant change in the food consumption pattern of consumers. Consumers are becoming more concerned and educated about the products they consume globally. Consumers are demanding clean-label products, products that are free from synthetic ingredients, and demand for more nutritious products is also gaining traction in various countries. Owing to these factors, the demand for food inclusions especially natural fruits and nuts, is gaining traction during the forecast period.
Browse 217 market data Tables and 70 Figures spread through 246 Pages and in-depth TOC on "Food Inclusions Market by Type (Chocolate, Fruit & Nut, Cereal, Confectionery), Application (Cereal Products, Snacks & Bars, Bakery Products, Dairy & Frozen Desserts, Chocolate & Confectionery Products), Form, Flavor and Region - Global Forecast to 2027"
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The fruits and nuts type segment is estimated to hold the largest market share in the food inclusion market.
The fruits and nuts segment is finding popularity for the products that are an integral part of the consumer’s diet, such as bakery products, breakfast cereals, and snack bars, owing to their nutritional contents and freshness attribute of the fruits. Nuts such as pecan, almond, walnut, hazelnut, pistachio, and peanut are becoming more popular across the globe. Consumers’ increasing awareness of food intake will boost the food inclusion market during the forecast period.
By application, the cereal products, snacks & bars segment holds the largest share during the estimated year.
Changing lifestyle and an increasing number of working women is replacing traditional breakfasts with convenience breakfast options which is a combination of both taste and nutrition is getting more popular across the globe, which will increase the consumption of food inclusions in cereal products, snacks & bars. According to the United Nations Progress of the Worlds Women 2019 report, the percentage of single-mother households is rising with the increasing trend of nuclear families in India. Changing lifestyles will drive the consumption of food inclusions in cereal products, snacks & bars application during the forecast period.
Nut form is estimated to witness a steady growth rate over the forecast period.
Nuts forms are popular among end consumers and largely used in major food & beverage applications, including bakery, chocolate & confectionery products, dairy & frozen desserts, cereal products, snacks & bars, and beverage products. Moreover, 65% of consumers demand a protein drink, while 40% demand snacks with probiotics for digestive health. The COVID-19 pandemic has hugely impacted the eating pattern of consumers across the globe.
The Asia Pacific is estimated to be the fastest-growing region over the forecast period.
The Asia Pacific is estimated to be the fastest-growing region in the global food inclusion market in 2021. The Asia Pacific food inclusion market countries include China, India, Japan, Australia, New Zealand, and the Rest of Asia Pacific.
The immense growth in the processed food industry and the growing consumer demand for convenience food such as bakery products, breakfast cereals, and snack bars in food products are the major factors driving the food inclusion market growth. Other major factors that drive the food inclusion market growth are changes in consumer tastes and preferences, increasing population density and education level, increasing health awareness of the population, and rising economic status and living standard of people.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as ADM (US), Sensory Effects (US), Barry Callebaut (Switzerland), AGRANA Beteiligungs-AG (Austria), Taura Natural Ingredients Ltd. (New Zealand), and Nimbus Foods Ltd (UK).
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