Food Inclusions Market Size, Share, Opportunities, And Trends By Product Type (Fruit And Nuts, Biscuits, Chocolate, Flavoured Sugar And Caramel, Others), By Application (Frozen Desserts, Confectionary Products, Snacks And Bars, Cereal Products), And By Geography - Forecasts From 2024 To 2029

  • Published : May 2024
  • Report Code : KSI061611655
  • Pages : 140

The food inclusions market is evaluated at US$14.631 billion for the year 2022 growing at a CAGR of 6.14% reaching the market size of US$22.201 billion by the year 2029.

Food inclusions are a variety of substances added to food items to improve taste, texture, nutritional content, and visual appeal. Fruits, nuts, seeds, cereals, spices, herbs, chocolate chips, and other tasty or useful components are examples of such ingredients. Food inclusions enhance the sensory experience of food while also providing health advantages such as vitamins, minerals, fibre, and antioxidants.

The ever-changing library of ingredients is involved in the creation of the next generation of inclusions that are capable of delivering health, taste, and labelling claims. Changing dietary conditions serve as one of the factors driving the global food inclusion market growth in the forecast period. Inclusions add nutritional benefits to food items like ice creams, bars, bread, cakes, and many more. Growing preference towards clean and clear labelling by the end consumers, which involves only ingredients favouring flavour and texture and avoiding unnecessary ingredients, will emanate market growth in the coming years.

FOOD INCLUSION MARKET DRIVERS:

  • Increasing use in the food and beverage industry is anticipated to fuel the market.

The food and beverage industry has been experiencing many innovations as customer taste profiles are changing with time. Consumers have shown a willingness to try new and appealing products with flavour variety and other attributes, due to which the food and beverage manufacturers are developing products with unique flavours. For instance, raspberries, strawberries, and cherries are some of the usual fruits utilized by chocolate manufacturers, but now chocolate manufacturers are also using peaches in their products. Similarly, hazelnuts, peanuts, and almonds are leaders when it comes to nuts but now manufacturers are also using pistachio, sunflower, and flax seeds as well in their products.

Further, herbs and spices, like chocolate infused with ginger, cinnamon, and chilli, are also gaining importance due to their health benefits. Consequently, a large portion of food and beverage manufacturers are now becoming increasingly consumer-centric, their product development and innovation programs are now largely aligned with consumer demands, providing food inclusion manufacturers with lucrative opportunities for the development of new products.

  • Rising health and wellness trends is projected to upsurge the food inclusion market.

Health and wellness trends have a significant influence on the food inclusion industry by shifting customer preferences towards healthy, clean-label, and functional ingredients. With a growing emphasis on healthy eating, people seek food ingredients including fruits, vegetables, nuts, seeds, and whole grains that provide critical nutrients and health benefits. Functional ingredients like probiotics, antioxidants, and superfoods are in high demand due to customers' desire for enhanced digestion, immunity, and general well-being.

Furthermore, desires for low-sugar, low-salt, and allergen-free options stimulate innovation in the creation of clean-label food inclusions that meet the nutritional needs and lifestyle choices of health-conscious customers. As health and wellness remain important drivers of consumer behaviour, the food inclusion business responds to different offerings that prioritise nutrition, transparency, and functionality to satisfy changing consumer needs.

FOOD INCLUSION MARKET OPPORTUNITIES:

In recent times, the inclination towards convenience food has increased significantly due to the changing dynamics of the general population, such as growing disposable income, rising population, growing urbanization, and the rise in the percentage of working women. According to the Harvard Business Review, women's participation has nearly doubled in the last few years in the United States, which has increased the demand for convenience food even in developed nations, further supporting the food inclusion market growth. This trend is thus expected to be mirrored in developing economies as well.

FOOD INCLUSION MARKET RESTRAINT:

  • Supply chain disruptions are anticipated to negatively impact the market.

Supply chain disruptions provide substantial problems to the food inclusion sector because they affect the sourcing, processing, and distribution of materials required for food product formulations. Extreme weather, natural disasters, geopolitical conflicts, and global health crises can all have an impact on the availability and cost of food. For example, a drought in a significant agricultural region might result in lower yields of crucial components such as nuts, fruits, or grains, raising prices and influencing product formulas.

To mitigate the effects of supply chain disruptions, businesses may need to diversify their supplier base, implement risk management strategies, invest in technology for real-time monitoring and predictive analytics, and work closely with suppliers and partners to ensure supply chain resilience and continuity.

FOOD INCLUSION MARKET – GEOGRAPHICAL OUTLOOK

  • The Asia Pacific food inclusions market is anticipated to grow significantly.

The Asia Pacific food inclusion market is projected to be driven by the expanding food processing sector and rising per capita income. The market expansion in the region is anticipated to be fueled by the rise in disposable income and the adoption of healthy alternatives to high-calorie foods. According to statistics by the Chinese government, the average per capita disposable income in China showed an increase of 9.1% in 2021 as compared to 2020.  The trend for healthy processed food is expected to increase due to the growing employed population and inadequate physical activity brought on by busy lifestyles in nations like China and Japan.

Apart from this, Europe remains one of the most eminent markets for food inclusion companies due to its size. The European food inclusion market is led by countries like Germany, Italy, the UK, and France. Owing to the rise in the adoption of healthier lifestyles by consumers in this region, the increasing use of clean-level flavoured and natural food products in diet foods has impacted the market growth in the region.

Food Inclusion Market Key Developments:

  • In April 2024, Walmart unveiled its latest private brand innovation, bettergoods, as part of its aim to make quality, great-tasting food accessible to customers. Bettergoods is a new elevated experience that provides excellent, creative, chef-inspired cuisine at an unbelievable value.
  • In October 2023, Tetra Pak announced the launch of cutting-edge postbiotic food products in partnership with AB Biotek Human Nutrition & Health. In the mixing stage of Ultra High Temperature (UHT) goods, such as drinks, dairy, ice cream, and cheese, postbiotics can be easily included as a powder.
  • In October 2023, Voyage Foods, which uses cutting-edge food technology, science, and natural, recycled ingredients to reinvent its meals as more ecologically responsible and safer alternatives, announced a new retail distribution agreement with Walmart.

Segmentation:

  • By Product Type
    • Fruit and Nuts
    • Biscuits
    • Chocolate
    • Flavoured sugar and caramel
    • Others
  • By Application
    • Frozen desserts
    • Confectionary products
    • Snacks and bars
    • Cereal products
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Others
    • Middle East and Africa (MEA)
      • Saudi Arabia
      • UAE
      • Isreal
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • South Korea
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Food Inclusions Market was valued at US$14.631 billion in 2022.
The food inclusions market is expected to reach a market size of US$22.201 billion by 2029.
The global food inclusions market is expected to grow at a CAGR of 6.14% during the forecast period.
Asia Pacific is anticipated to hold a significant share of the food inclusions market.
Changing dietary conditions serve as one of the factors driving the global food inclusion market growth in the forecast period.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. FOOD INCLUSIONS MARKET, BY PRODUCT TYPE

5.1. Introduction

5.2. Fruit and Nuts

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Biscuits

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Chocolate

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

5.5. Flavoured Sugar and Caramel

5.5.1. Market Trends and Opportunities

5.5.2. Growth Prospects

5.5.3. Geographic Lucrativeness

5.6. Others

5.6.1. Market Trends and Opportunities

5.6.2. Growth Prospects

5.6.3. Geographic Lucrativeness

6. FOOD INCLUSIONS MARKET, BY APPLICATION

6.1. Introduction

6.2. Frozen Desserts

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Confectionary Products

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Snacks and Bars

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

6.5. Cereal Products

6.5.1. Market Trends and Opportunities

6.5.2. Growth Prospects

6.5.3. Geographic Lucrativeness

7. FOOD INCLUSIONS MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Product Type

7.2.2. By Application

7.2.3. By Country

7.2.3.1. United States

7.2.3.1.1. Market Trends and Opportunities

7.2.3.1.2. Growth Prospects

7.2.3.2. Canada

7.2.3.2.1. Market Trends and Opportunities

7.2.3.2.2. Growth Prospects

7.2.3.3. Mexico

7.2.3.3.1. Market Trends and Opportunities

7.2.3.3.2. Growth Prospects

7.3. South America

7.3.1. By Product Type

7.3.2. By Application

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.1.1. Market Trends and Opportunities

7.3.3.1.2. Growth Prospects

7.3.3.2. Argentina

7.3.3.2.1. Market Trends and Opportunities

7.3.3.2.2. Growth Prospects

7.3.3.3. Others

7.3.3.3.1. Market Trends and Opportunities

7.3.3.3.2. Growth Prospects

7.4. Europe

7.4.1. By Product Type

7.4.2. By Application

7.4.3. By Country

7.4.3.1. UK

7.4.3.1.1. Market Trends and Opportunities

7.4.3.1.2. Growth Prospects

7.4.3.2. Germany

7.4.3.2.1. Market Trends and Opportunities

7.4.3.2.2. Growth Prospects

7.4.3.3. France

7.4.3.3.1. Market Trends and Opportunities

7.4.3.3.2. Growth Prospects

7.4.3.4. Italy

7.4.3.4.1. Market Trends and Opportunities

7.4.3.4.2. Growth Prospects

7.4.3.5. Spain

7.4.3.5.1. Market Trends and Opportunities

7.4.3.5.2. Growth Prospects

7.4.3.6. Others

7.4.3.6.1. Market Trends and Opportunities

7.4.3.6.2. Growth Prospects

7.5. Middle East and Africa

7.5.1. By Product Type

7.5.2. By Application

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.1.1. Market Trends and Opportunities

7.5.3.1.2. Growth Prospects

7.5.3.2. UAE

7.5.3.2.1. Market Trends and Opportunities

7.5.3.2.2. Growth Prospects

7.5.3.3. Israel

7.5.3.3.1. Market Trends and Opportunities

7.5.3.3.2. Growth Prospects

7.5.3.4. Others

7.5.3.4.1. Market Trends and Opportunities

7.5.3.4.2. Growth Prospects

7.6. Asia Pacific

7.6.1. By Product Type

7.6.2. By Application

7.6.3. By Country

7.6.3.1. Japan

7.6.3.1.1. Market Trends and Opportunities

7.6.3.1.2. Growth Prospects

7.6.3.2. China

7.6.3.2.1. Market Trends and Opportunities

7.6.3.2.2. Growth Prospects

7.6.3.3. India

7.6.3.3.1. Market Trends and Opportunities

7.6.3.3.2. Growth Prospects

7.6.3.4. Australia

7.6.3.4.1. Market Trends and Opportunities

7.6.3.4.2. Growth Prospects

7.6.3.5. South Korea

7.6.3.5.1. Market Trends and Opportunities

7.6.3.5.2. Growth Prospects

7.6.3.6. Indonesia

7.6.3.6.1. Market Trends and Opportunities

7.6.3.6.2. Growth Prospects

7.6.3.7. Thailand

7.6.3.7.1. Market Trends and Opportunities

7.6.3.7.2. Growth Prospects

7.6.3.8. Taiwan

7.6.3.8.1. Market Trends and Opportunities

7.6.3.8.2. Growth Prospects

7.6.3.9. Others

7.6.3.9.1. Market Trends and Opportunities

7.6.3.9.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Cargill, Incorporated

9.2. ADM Company

9.3. Archer Daniels Midland

9.4. Agrana 

9.5. Puratos Group

9.6. Taura Natural Ingredients Ltd. (Frutarom)

9.7. FoodFlo International Ltd 

9.8. Barry Callebaut Group


Cargill, Incorporated

ADM Company

Archer Daniels Midland

Agrana 

Puratos Group

Taura Natural Ingredients Ltd. (Frutarom)

FoodFlo International Ltd 

Barry Callebaut Group