Food Inclusions Market by Type, Application, Form, Flavor, and Region - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--The “Food Inclusions Market by Type, Application, Form, Flavor, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The food inclusions market is estimated at USD 10.74 billion in 2018. It is projected to reach USD 15.78 billion by 2023, at a CAGR of 8.0%.
The market is driven by the functional properties, along with the taste trends and responsive development of new flavor profiles that offer new avenues for growth and clean label claims.
The demand for food inclusions in the bakery products and chocolate & confectionery products segment is expected to witness significant growth in the near future. Inclusions were identified and used as novel ingredients in bakery products, which would add new aspects to bakery products and promote consumer indulgence. Further, the use of chocolate inclusions adds gloss and enhances the taste of products, while also enhancing other organoleptic properties are expected to drive the food inclusions market.
However, use of inclusions increases the final price of the end product, serves as a restraining factor for the growth of the food inclusions market.
Fruit inclusions are among the most extensively used among all inclusions. Their addition to end products provides significant visual impact in terms of vivid color, texture, appearance, along with taste, flavor profile, and other sensory experiences that make them highly appealing to end consumers. Whereas, nut inclusions, owing to their taste popularity, organoleptic properties, and large consumer preference, also account for a significant consumption in the food inclusions market. Thus, the popularity of fruit & nut flavors among consumers, along with the variety in flavor profiles, has fueled the growth of this segment in the food inclusions market.
The market for food inclusions in bakery products is significant, mainly in Western countries such as the US, Canada, and European countries, as bakery products are a part of the everyday diet of consumers in these countries. With consumers in these regions demanding something different in everyday unflavored and flavored bakery products, inclusions were identified and used as novel ingredients in bakery products, which would add new aspects to bakery products and promote consumer indulgence. Further, growing consumer willingness to spend higher on products and try different variants in bakery products is expected to drive the usage of food inclusions in this segment.
The solid and & semi-solid forms are segmented into pieces, chips & nibs, nuts, crunches & flakes, and powder. The market share of pieces was the largest in 2017. The market for nuts is projected to grow at the highest during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Food Inclusions Market, By Type
7 Food Inclusions Market, By Application
8 Food Inclusions Market, By Form
9 Food Inclusions Market, By Flavor
10 Food Inclusions Market, By Region
11 Competitive Landscape
12 Company ProfilesCargill ADM Barry Callebaut Kerry Tate & Lyle Agrana Sensient Technologies Puratos Group Sensoryeffects Taura Natural Ingredients Georgia Nut Company Inclusion Technologies Nimbus Foods IBK Tropic Trufoodmfg Foodflo International Confection By Design
For more information about this report visit https://www.researchandmarkets.com/research/42m2k5/food_inclusions?w=4
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Related Topics:Food Ingredients ,Food Additives
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/27/2018 12:30 PM/DISC: 09/27/2018 12:30 PM